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Hess Midstream Partners (HESM)
NYSE:HESM
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.67Last Year’s EPS
0.59Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: -2.62%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with Hess Midstream demonstrating resilience and strong performance despite weather challenges. While there were some negative impacts from weather on throughput and financial metrics, the reaffirmation of guidance, strong shareholder returns, and a robust financial position provided a largely optimistic view.Company Guidance
During the first quarter of 2025, Hess Midstream demonstrated robust operational and financial performance despite challenging weather conditions, with throughput volumes averaging 424 million cubic feet per day for gas processing, 125,000 barrels of oil per day for crude terminaling, and 126,000 barrels of water per day for water gathering. The company reaffirmed its full-year financial and throughput guidance, expecting net income of $715-765 million and adjusted EBITDA of $1,235-1,285 million. Capital expenditures are projected to be approximately $300 million, with adjusted free cash flow anticipated between $735-785 million for the year. The company aims for sustainable cash flow growth and plans to increase distribution per Class A share by at least 5% annually through 2027. Additionally, Hess Midstream plans to generate over $1.25 billion in financial flexibility by 2027, facilitating multiple unit repurchases yearly. The first quarter adjusted EBITDA was $292 million, with a gross margin of approximately 80%, and net income was $161 million.Strong Operating and Financial Performance
Hess Midstream delivered strong operating and financial performance despite challenging weather. Throughput volumes were 424 million cubic feet per day for gas processing, 125,000 barrels of oil per day for crude terminaling, and 126,000 barrels of water per day for water gathering.
Bakken Production Growth
Hess Corporation reported first-quarter net production in the Bakken averaged 195,000 barrels of oil equivalent per day. They plan to run a four-rig drilling program in 2025 and expect Bakken net production to rise to 210,000-215,000 barrels of oil equivalent per day in the second quarter, up approximately 9% at the midpoint compared to the first quarter.
Reaffirmed Guidance
Hess Midstream reaffirmed its full-year 2025 financial and throughput guidance, projecting increased volumes and revenues in the second quarter despite higher seasonal maintenance activity.
Shareholder Returns
Since 2021, $1.95 billion has been returned to shareholders through accretive repurchases. Distribution per Class A share has increased by approximately 57% since 2021.
Strong Financial Position
Hess Midstream's leverage is approximately 3.1 times adjusted EBITDA, one of the lowest among peers, highlighting strong balance sheet strength.
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HESM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HESM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 30, 2025 | $38.51 | $37.17 | -3.48% |
| Jan 29, 2025 | $40.19 | $41.00 | +2.02% |
| Oct 30, 2024 | $33.59 | $33.43 | -0.48% |
| Jul 31, 2024 | $35.70 | $35.47 | -0.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hess Midstream Partners (HESM) report earnings?
Hess Midstream Partners (HESM) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is Hess Midstream Partners (HESM) earnings time?
Hess Midstream Partners (HESM) earnings time is at Jul 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HESM EPS forecast?
HESM EPS forecast for the fiscal quarter 2025 (Q2) is 0.67.
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