HESM · Hess Midstream LP
Price & Indicators
Up next
Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 3, 2026TL;DR. Hess Midstream reported Q2 2026 net income of $173.7 million and Adjusted EBITDA of $313.7 million, increased its quarterly distribution by $0.0096 per Class A share, and reaffirmed full-year 2026 guidance including $910–$960 million of Adjusted Free Cash Flow, though year-over-year oil and water throughput volumes declined.
- + Quarterly cash distribution increased to $0.7888 per Class A share, up $0.0096 sequentially, continuing targeted 5% annual distribution growth.
- + Adjusted EBITDA margin reached 85%, well above the 75% long-term target, reflecting strong operating leverage.
- + Revolver balance was paid down by approximately $87 million sequentially, supporting balance sheet strength and continued de-leveraging.
- + Capital expenditures fell to $30.6 million in Q2 2026, down 56% year-over-year, supporting higher Adjusted Free Cash Flow generation.
- + Full-year 2026 Adjusted Free Cash Flow guidance of $910–$960 million was reaffirmed, representing a 20% year-over-year increase at the midpoint, with ~$280 million of excess cash flow for shareholder returns and debt repayment.
- − Oil terminaling and water gathering throughput volumes declined 15% and 12% year-over-year, respectively, due to lower new-well activity.
- − Gas processing throughput volumes declined 4% year-over-year due to planned TGP maintenance.
- − Q3 2026 Adjusted Free Cash Flow is expected to decline sequentially as higher Q3 capital expenditures are projected.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Technicals
trend & momentum for long-term holders Strong BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Versus peers
Oil & Gas Midstream — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
HESM
this stock
Hess Midstream LP
|
$5.13B | +15.5% | +8.4% | — | 5.2% |
|
ENB
Enbridge Inc
|
$109.88B | +5.6% | — | — | 3.2% |
|
WMB
Williams Companies, Inc.
|
$92.02B | +23.2% | +13.8% | 30.0 | 2.0% |
|
EPD
Enterprise Products Partners L.P.
|
$85.00B | +22.2% | -6.4% | — | 0.9% |
|
ET
Energy Transfer LP
|
$74.17B | +30.0% | +3.5% | — | 0.8% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| HESM | +0.1% | -0.2% | +2.2% | -0.9% | +15.5% |
| SPY | +0.3% | +0.6% | +16.7% | +0.8% | +13.4% |
| vs SPY | -0.2% | -0.8% | -14.5% | -1.7% | +2.1% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.