Hess Midstream LP (HESM) said Tuesday that it expects 2026 net income of $650 million to $700 million.

The company said said it expects relatively flat throughput volumes in oil and gas in 2026, compared with 2025.

Hess Midstream said it expects 2026 gas gathering volumes to average between 450 to 460 million cubic feet, or MMcf of natural gas per day, and gas processing volumes to average 435 to 445 MMcf of natural gas per day.

The company said it expects 2026 crude oil gathering volumes to average 115,000 to 125,000 barrels, or MBbl per day of crude oil, and crude oil terminaling volumes to average 125 to 135 MBbl of crude oil per day.

Hess Midstream said it projects 2026 total capital expenditures of $150 million.

Additionally, the company said Andrew Walz, who was appointed as an executive officer of Chevron (CVX) with Hess Corporation's integration with Chevron largely complete, has resigned from the board of the Hess Midstream board, effective Dec. 4.

The company said that board member Kristi McCarthy has been appointed as the new chair, while Chevron's vice president for crude supply and trading, Barbara Harrison, has been added to the board.