Hess Midstream Partners Reports Q2 Earnings Growth and Maintains Full-Year Guidance
Hess Midstream Partners (NYSE:HESM) reported stronger second-quarter results, with net income rising to $174 million from approximately $158 million in the first quarter. Adjusted EBITDA also increased to $314 million compared to $300 million, driven by higher revenue and reduced operating expenses. The company expects at least 5% sequential volume growth for the second half of 2026 as new wells come online and Chevron benefits from improved drilling efficiency. Third-quarter EBITDA is forecasted between $310 million to $320 million, though higher capital spending may impact free cash flow. Hess Midstream reaffirmed its full-year guidance for adjusted EBITDA of $1.225 billion to $1.275 billion and free cash flow of $910 million to $960 million. Excess cash will be used for distribution growth, share repurchases, and debt reduction.
Topics: capital_allocation ebitda energy midstream net_income