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
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Hess Midstream Partners LP 10-Q filed Aug 6, 2026
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
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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 andpass-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 bylower throughput volumeshigher depreciation expense.Total operating costs and expensesIncome from equity investments in thefirstsecond quarter of 2026werewas $152.06.1 million, up from $144.64.0 million in theprior-yearprior‐year quarter, primarily due to higherdepreciation expensevolumes processed at the LM4 plant. Interest expense, net of interest income, in thefirstsecond 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 ownershipas a result of changesfollowing 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 EBITDAincreaseddecreased $7.52.3 million for thefirstsecond quarter of 2026 compared with thefirstsecond quarter of 2025.