Quarterly ResultMay 7, 2026, 04:28 PM
Hess Midstream Q1 Net Income $87.6M, EPS $0.68; Raises Dividend to $0.7792
AI Summary
Hess Midstream LP reported strong first quarter 2026 financial results, with net income attributable to the company increasing to $87.6 million and basic EPS rising to $0.68 per Class A share. Total revenues grew to $390.1 million, and Adjusted EBITDA for reportable segments reached $301.9 million. The company also announced an increased quarterly cash distribution of $0.7792 per Class A Share and repurchased $60.0 million in shares and units. Operationally, a new compressor station with 50 MMcf/d capacity was placed in service.
Key Highlights
- Net income attributable to Hess Midstream LP rose to $87.6 million in Q1 2026 from $71.6 million in Q1 2025.
- Basic EPS increased to $0.68 per Class A share in Q1 2026 from $0.65 in Q1 2025.
- Total revenues for Q1 2026 reached $390.1 million, up from $382.0 million in Q1 2025.
- Adjusted EBITDA for reportable segments increased to $301.9 million from $294.8 million year-over-year.
- Declared a Q1 2026 cash distribution of $0.7792 per Class A Share, an increase of $0.0151 from Q4 2025.
- Repurchased $60.0 million in Class B Units and Class A Shares during Q1 2026.
- Net cash provided by operating activities grew to $253.3 million from $202.4 million year-over-year.
- A new compressor station with approximately 50 MMcf/d of compression capacity was placed in service in Q1 2026.
- Gathering segment Adjusted EBITDA was $150.3 million in Q1 2026, up from $150.2 million in Q1 2025.
- Processing and Storage segment Adjusted EBITDA was $120.9 million in Q1 2026, down from $121.8 million in Q1 2025.
- Terminaling and Export segment Adjusted EBITDA was $30.7 million in Q1 2026, up from $22.8 million in Q1 2025.