Overview

* Hess Midstream ( HESM ) Q2 revenue rises to $414.2 mln, beating analyst expectations

* Adjusted EBITDA for Q2 beats estimates, reaching $316.0 mln, per LSEG data

* Co completes $200 mln repurchase of Class B units and Class A shares

Outlook

* Hess Midstream ( HESM ) updates 2025 net income guidance to $685 - $735 mln

* Company reaffirms 2025 Adjusted EBITDA guidance of $1,235 - $1,285 mln

* Hess Midstream ( HESM ) targets 5% annual distribution growth per Class A share through 2027

* Company expects organic throughput volume growth in 2026 and 2027

Result Drivers

* HIGHER PRODUCTION - Increased throughput volumes for gas processing, oil terminaling, and water gathering due to higher production

* SHARE REPURCHASES - Accretive repurchases of Class B units and Class A shares supported increased cash distribution

* UPSTREAM PERFORMANCE - Strong operational results driven by upstream performance and high system availability, per COO John Gatling

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $414.20 $405.10

Revenue mln mln (4

Analysts

)

Q2 Net $179.70

Income mln

Q2 Beat $316 mln $306.80

Adjusted mln (4

EBITDA Analysts

)

Q2 $193.80

Adjusted mln

Free

Cash

Flow

Q2 Capex $70 mln

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)