10:00 AM EDT, 07/31/2024 (MT Newswires) -- Hess Midstream ( HESM ) shares were down 0.1% in recent Wednesday trading after the company cut its full-year 2024 net income guidance.

The company reported earlier Q2 earnings of $0.59 per diluted share, up from $0.50 a year earlier.

Three analysts polled by Capital IQ expected $0.56.

Revenue for the quarter ended June 30 was $365.5 million, up from $324 million a year earlier.

Four analysts surveyed by Capital IQ expected $365.2 million.

The company said it now expects 2024 net income of between $650 million and $700 million, down from its prior guidance of $670 million to $720 million.

Price: 37.67, Change: -0.05, Percent Change: -0.13