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.)