Hess Midstream Q2 Net Income Dips to $173.7M, But Raises Distribution to $0.7888
HESM sits 31% above its 52-week low of $31.63.
Summary
Hess Midstream reported Q2 2026 net income of $173.7 million, down from $179.7 million a year ago, while Adjusted EBITDA came in at $313.7 million. Revenue slipped to $399 million on lower throughput volumes, partly offset by higher tariffs. The company declared a quarterly distribution of $0.7888 per Class A share, a $0.0096 increase from Q1, signaling confidence in cash generation despite softer volumes. Capital spending dropped 56% to $30.6 million as a major gas compression expansion wrapped up. The distribution hike and cost discipline are the key takeaways for income-focused investors.
At the time of this announcement, HESM was trading at $41.44 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $8.4B. The 52-week trading range was $31.63 to $44.14. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.