HESM News & Events

Reports Q4 revenue $404.2M, consensus $416.44M. "In 2025, we successfully completed our planned multiyear infrastructure project buildout," said Jonathan Stein, CEO of Hess Midstream. "We remain focused on reliable operating performance and expect substantially lower future capital spending, supporting growing Adjusted Free Cash Flow that positions us well for incremental shareholder returns and debt repayment."

Backs FY26 free cash flow view $850M-$900M. Backs FY26 gross adjusted EBITDA margin view 75%. Backs FY26 capital expenditures view $150M. The company said, "Hess Midstream is reaffirming its full year 2026 and long-term guidance issued on December 9, 2025."

Hess Midstream announced that the Board of Directors of its general partner declared a quarterly cash distribution of 76.41c per Class A share for the quarter ended December 31, 2025, an increase of 0.93c per Class A share as compared with the third quarter of 2025. "This distribution increase highlights our differentiated cash flow stability and continued execution of return of capital to our shareholders," said Jonathan Stein, Chief Executive Officer of Hess Midstream. "We expect Adjusted Free Cash Flow growth through 2028 to support our targeted annual distribution per Class A share growth of at least 5% through 2028 and provide financial flexibility for incremental shareholder returns and debt repayment."