Hess Midstream LP Reports Estimated Results for the Third Quarter of 2026
Business Wire•30/10/2026•07:00 ET
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Key Highlights
- ➤Net income $179.1 million; attributable earnings $0.77 per Class A share
- ➤Adjusted EBITDA $319.9 million; Adjusted Free Cash Flow $247.9 million
- ➤Quarterly distribution increased to $0.7985 per Class A share
- ➤2026 guidance reiterated: Adjusted EBITDA $1,225-$1,250 million
- ➤Capital expenditures fell 73% year over year to $21.5 million
Expert Statements
Jonathan Stein, Chief Executive Officer of Hess Midstream
“The third quarter of 2026 reflects our continued focus on managing costs while executing growth”
Jonathan Stein, Chief Executive Officer of Hess Midstream
“We have a solid operational foundation and a sustained track record for generating free cash flow after distributions, which we expect to provide a consistent base for future distributions, capital allocation and shareholder returns.”
Jonathan Stein, Chief Executive Officer of Hess Midstream
“We expect the transaction announced on October 6, 2026, to close by the end of the year and are excited to transform into a multi-basin, independent midstream company.”
Jonathan Stein, Chief Executive Officer of Hess Midstream
“The addition of the DJ Basin assets is expected to significantly diversify and increase the footprint of our business, approximately tripling our crude gathering throughput and significantly growing our gas gathering throughput, while also broadening our asset base with ownership in a long-haul crude oil pipeline, all of which positions us well to capture future growth.”
Hess Midstream LP Reports Estimated Results for the Third Quarter of 2026
* Net income was $179.1 million. Net cash provided by operating activities was $267.9 million.
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