The earnings call highlighted strong operational and financial performance with record operating metrics and an improved credit rating. However, these positives were balanced by anticipated higher maintenance costs and increased interest and tax expenses.

Company Guidance

During the Hess Midstream second quarter 2025 earnings call, the company provided optimistic guidance for the fiscal year, forecasting a 10% growth in volume across all oil and gas systems compared to 2024. They anticipate an 11% increase in adjusted EBITDA for 2025, with a 7% growth at the midpoint in the second half of the year. The company expects capital expenditures to reach approximately $300 million, leading to an adjusted free cash flow between $725 million and $775 million, which will support a targeted 5% annual distribution growth and generate excess free cash flow. Additionally, their strategy involves returning capital to shareholders, highlighted by their low leverage ratio and recent upgrade to an investment-grade rating of BBB-. Hess Midstream plans to leverage its strong balance sheet, with more than $1.25 billion of financial flexibility through 2027, to potentially engage in further unit and share repurchases.

Record Operating Performance

In the second quarter, Hess Midstream delivered record operating performance. Throughput volumes increased across all segments, including a 6% increase in gas processing and a 10% increase in oil terminaling from the first quarter.

Financial Performance and Guidance

Adjusted EBITDA for Q2 2025 increased to $316 million from $292 million in Q1. The company expects approximately 11% adjusted EBITDA growth in 2025 and adjusted free cash flow of $725 million to $775 million, more than covering the targeted 5% annual distribution growth.

Credit Rating Upgrade

Hess Midstream's senior unsecured debt was upgraded by S&P to an investment-grade rating of BBB- following the Chevron Hess merger.

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)	0.67 / -	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	$40.52	$41.93	+3.48%
Apr 30, 2025	$37.11	$35.82	-3.48%
Jan 29, 2025	$38.73	$39.52	+2.04%
Oct 30, 2024	$32.38	$32.22	-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 0.67.

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