Oil & gas firm Hess Midstream's Q2 revenue beats analyst expectations

Hess Midstream LP

30/07/2025 13:09

Overview

Hess Midstream Q2 revenue rises to $414.2 mln, beating analyst expectations

Adjusted EBITDA for Q2 beats estimates, reaching $316.0 mln, per LSEG data

Co completes $200 mln repurchase of Class B units and Class A shares

Outlook

Hess Midstream updates 2025 net income guidance to $685 - $735 mln

Company reaffirms 2025 Adjusted EBITDA guidance of $1,235 - $1,285 mln

Hess Midstream targets 5% annual distribution growth per Class A share through 2027

Company expects organic throughput volume growth in 2026 and 2027

Result Drivers

HIGHER PRODUCTION - Increased throughput volumes for gas processing, oil terminaling, and water gathering due to higher production

SHARE REPURCHASES - Accretive repurchases of Class B units and Class A shares supported increased cash distribution

UPSTREAM PERFORMANCE - Strong operational results driven by upstream performance and high system availability, per COO John Gatling

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$414.20 mln
$405.10 mln (4 Analysts)
Q2 Net Income
$179.70 mln
Q2 Adjusted EBITDA
Beat
$316 mln
$306.80 mln (4 Analysts)
Q2 Adjusted Free Cash Flow
$193.80 mln
Q2 Capex
$70 mln


Press Release: ID:nBw3pSY7Qa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)