The earnings call reflected a strong financial and operational performance with significant growth in throughput and EBITDA. Shareholder returns and financial flexibility were emphasized as key achievements. However, challenges such as increased maintenance costs and additional interest and tax expenses were noted. Overall, the highlights outweigh the lowlights, indicating positive sentiment.

Company Guidance -

Q3 2025

During the second quarter of 2025, Hess Midstream provided optimistic guidance, highlighting a visible trajectory of growth and shareholder value. The company reported an approximate 10% year-over-year increase in throughput volumes across all oil and gas systems for 2025, compared with 2024. Adjusted EBITDA is anticipated to grow by around 11% in 2025, with a 7% growth at the midpoint in the second half of the year. Capital expenditures are expected to total approximately $300 million, while adjusted free cash flow is projected to be between $725 million and $775 million, which will support a targeted 5% annual distribution growth. Additionally, Hess Midstream announced a significant financial flexibility of over $1.25 billion through 2027, earmarked for shareholder returns, including potential share repurchases. The company's balance sheet was further strengthened as S&P upgraded its senior unsecured debt to an investment-grade rating of BBB-.

Increased Throughput and Operational Performance

Throughput increased across all segments with a 10% growth expected in oil and gas systems in 2025 compared to 2024. Record operating performance was achieved with 449 million cubic feet per day for gas processing and 137,000 barrels of oil per day for crude terminaling.

Strong Financial Performance

Estimated 11% increase in adjusted EBITDA in 2025 with a 7% growth expected in the second half. Targeted 5% annual distribution growth with excess free cash flow. S&P upgraded Hess Midstream's debt to BBB-.

Capital Allocation and Shareholder Returns

Returned over $2 billion to shareholders since 2021. Distribution per Class A share increased by over 60% since 2021 with a 5% targeted annual distribution growth. Greater than $1.25 billion of financial flexibility through 2027.

Successful Leadership Transitions

Jonathan Stein and Mike Chadwick assumed new roles as CEO and CFO respectively, emphasizing continuity and strategic focus.

Hess Midstream Partners (HESM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

HESM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	0.68 / -	0.63	―	―	―
Jul 30, 2025	2025 (Q2)	0.65 / 0.74	0.59	25.42% (+0.15)	―
Apr 30, 2025	2025 (Q1)	0.62 / 0.65	0.59	10.17% (+0.06)	―
Jan 29, 2025	2024 (Q4)	0.68 / 0.68	0.55	23.64% (+0.13)
Oct 30, 2024	2024 (Q3)	0.66 / 0.63	0.57	10.53% (+0.06)	―
Jul 31, 2024	2024 (Q2)	0.63 / 0.59	0.5	18.00% (+0.09)	―
Apr 25, 2024	2024 (Q1)	0.64 / 0.59	0.47	25.53% (+0.12)	―
Jan 31, 2024	2023 (Q4)	0.63 / 0.55	0.49	12.24% (+0.06)	―
Oct 25, 2023	2023 (Q3)	0.58 / 0.57	0.53	7.55% (+0.04)	―	―
Jul 26, 2023	2023 (Q2)	0.48 / 0.50	0.5	0.00% (0.00)	―

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

HESM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$41.25	$42.68	+3.47%
Apr 30, 2025	$37.78	$36.47	-3.47%
Jan 29, 2025	$39.42	$40.23	+2.05%
Oct 30, 2024	$32.96	$32.80	-0.49%

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.

FAQ

When does Hess Midstream Partners Lp (HESM) report earnings?

Hess Midstream Partners Lp (HESM) is schdueled to report earning on Oct 22, 2025, Before Open (Confirmed).

What is Hess Midstream Partners Lp (HESM) earnings time?

Hess Midstream Partners Lp (HESM) earnings time is at Oct 22, 2025, Before Open (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 (Q3) is 0.68.

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