Hess Midstream Partners LP

HESM Energy Oil & Gas Midstream

Hess Midstream Partners LP’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 8.41% from fiscal 2024.

Revenue
−2.57%
EPS
+1.35%
Free cash flow
+35.4%
Total debt
−5.16%

Quarter to September 2026, against a year earlier

29.91 0.39 −1.29%
Market cap
$6.3B
P/E
10.3×
Fwd P/E
10.5×
Dividend yield
10.5%
F-score
6/9
Altman Z
n/a
Beneish M
−2.65
Dividend safety
42/100

Hess Midstream Partners LP 10-Q filed Aug 6, 2026

Fiscal Q2 2026 · Period ended Jun 30, 2026 · Filed · accepted 4:15 PM ET · Document on sec.gov · Filing index

What changed

Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed May 7, 2026: 11 added · 1 removed · 15 modified; 9 with only figures updated

  1. Modified · PART I – FINANCIAL INFORMATION (CONT’D)

    Revenues and other income in the firstsecond quarter of 2026 were $390.1399.0 million, updown from $382.0414.2 million in the prior‐year quarter, primarily due to lower throughput volumes, partially offset by higher tariff rates, and third-party services . Total operating costs and pass-through revenuesexpenses in the second quarter of 2026 were $145.8 million, down from $154.0 million in the prior-year quarter, primarily due to lower employee costs and lower maintenance expense, partially offset by lower throughput volumeshigher depreciation expense. Total operating costs and expenses Income from equity investments in the firstsecond quarter of 2026 werewas $152.06.1 million, up from $144.64.0 million in the prior-yearprior‐year quarter, primarily due to higher depreciation expensevolumes processed at the LM4 plant. Interest expense, net of interest income, in the firstsecond quarter of 2026 was $55.454.5 million, approximately flat compared with $56.455.4 million in the prior-year quarter. Income tax expense was $28.231.1 million, up from $23.029.1 million in the prior-year quarter, primarily resulting from ownership as a result of changes following the GIP secondary equity offering and Class A Share and Class B Unit repurchase transactionsin income attributable to the Company. As a result, consolidated net income decreased $3.76.0 million while Adjusted EBITDA increaseddecreased $7.52.3 million for the firstsecond quarter of 2026 compared with the firstsecond quarter of 2025.