Hess Midstream Q2 FY26 net income falls 3.34% to $173.7 million
HESM•Distribution and guidance
The quarterly distribution increased to $0.7888 per Class A share.
Full-year 2026 guidance was reaffirmed, including net income of $650-700 million.
EBITDA, cash flow and spending
Adjusted EBITDA (non-GAAP) edged down to $313.7 million; net cash from operating activities rose to $278.6 million.
Capital spending dropped 56% to $30.6 million; management cited a safe, efficient maintenance program and focus on free cash flow.
Q2 net income and revenue decline
Hess Midstream posted Q2 2026 net income of $173.7 million, down 3.34% from a year earlier; EPS was $0.75.
Revenue fell 3.67% to $399 million, reflecting lower throughput volumes, partly offset by higher tariff rates and third-party services.
