Earnings ·
Hess Midstream reports Q3 net income of $99.4M and raises quarterly distribution to $0.7985 per share
HESMHess Midstream LP
Hess Midstream LP reported third quarter 2026 estimated results, posting net income attributable to the company of $99.4 million, or $0.77 basic earnings per Class A share, compared with $0.75 in the prior-year period. The midstream operator generated Adjusted EBITDA of $319.9 million and Adjusted Free Cash Flow of $247.9 million. On October 26, the board declared a quarterly cash distribution of $0.7985 per Class A share for Q3, an increase of $0.0097 from the second quarter, payable on November 13 to shareholders of record as of November 5. The company reiterated its full-year 2026 guidance and expects a pending transaction to close by year-end. Hess Midstream LP owns, operates, develops and acquires midstream assets including oil, gas and produced water handling facilities.