Hess Midstream Partners Cuts Capital Spending and Raises Free Cash Flow Guidance in Q1 Earnings Call
Hess Midstream (NYSE:HESM) reduced its 2026 capital spending by about a third to $100–$105 million while raising adjusted free cash flow guidance to $910–$960 million, reflecting improved financial performance. Severe winter weather impacted Q1 volumes but management expects growth through the year.
Topics: adjusted free cash flow guidance buybacks capital spending distribution increase volume performance