---
title: "Hess Midstream posts bigger Q3 profit, cuts FY capex forecast"
description: "Hess Midstream reported a Q3 net income of $175.5 million, up from $164.7 million last year, but its adjusted EBITDA fell short of analyst expectations. The company completed $70 million in Class A sh"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/264033048.md"
published_at: "2025-11-03T13:07:48.000Z"
---

# Hess Midstream posts bigger Q3 profit, cuts FY capex forecast

> Hess Midstream reported a Q3 net income of $175.5 million, up from $164.7 million last year, but its adjusted EBITDA fell short of analyst expectations. The company completed $70 million in Class A share repurchases and $30 million in Class B unit repurchases. For Q4, it expects net income between $170 - $180 million and adjusted EBITDA of $315 - $325 million. Additionally, Hess Midstream has reduced its 2025 capex guidance to $270 million due to project suspensions. The average analyst rating remains "hold" with a 12-month price target of $38.00.

)

Overview

-   Hess Midstream Q3 net income rises to $175.5 mln, up from $164.7 mln last year
-   Adjusted EBITDA for Q3 misses analyst expectations
-   Company completed $70 mln Class A share repurchase, $30 mln Class B unit repurchase

Outlook

-   Hess Midstream expects Q4 net income of $170 - $180 mln
-   Company anticipates Q4 Adjusted EBITDA of $315 - $325 mln
-   Company reduces 2025 capex guidance to $270 mln due to project suspension

Result Drivers

-   THROUGHPUT INCREASE - Higher production led to a 10% increase in gas processing, 7% in oil terminaling, and 7% in water gathering volumes compared to the prior year
-   NEW COMPRESSOR STATION - Completion of a new compressor station added 35 MMcf/d capacity, supporting throughput growth
-   SHARE REPURCHASES - $70 mln Class A share and $30 mln Class B unit repurchases supported increased cash distributions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net $175.50

Income mln

Q3 Miss $320.70 $321.90

Adjusted mln mln (5

EBITDA Analysts

)

### Q3 $186.80

Adjusted mln

Free

Cash

Flow

Q3 Capex $79.80

mln

Analyst Coverage

-   The current average analyst rating on the shares is “hold” and the breakdown of recommendations is 1 “strong buy” or “buy”, 6 “hold” and no “sell” or “strong sell”
-   The average consensus recommendation for the oil & gas transportation services peer group is “buy.”
-   Wall Street’s median 12-month price target for Hess Midstream LP is $38.00, about 10.7% above its October 31 closing price of $33.95
-   The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (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.)

### Related Stocks

- [HESM.US - Hess Midstream Partners LP](https://longbridge.com/en/quote/HESM.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Oppenheimer & Co. Inc. Acquires 33,975 Shares of Hess Midstream Partners LP $HESM | Oppenheimer & Co. Inc. increased its holdings in Hess Midstream Partners LP by 598.7% in Q3, acquiring an additional 33, | [Link](https://longbridge.com/en/news/276003534.md) |
| Hess Midstream Provides Full-Year 2026 Outlook | Hess Midstream Provides Full-Year 2026 Outlook | [Link](https://longbridge.com/en/news/269097053.md) |
| News Corp outlines daily repurchase notices under $1B 2025 share buyback | News Corp has reported daily ASX notifications regarding its ongoing share repurchase program, which is authorized for u | [Link](https://longbridge.com/en/news/276336762.md) |
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| CICC Reaffirms Their Buy Rating on Knowledge Atlas Technology Joint Stock Company Limited Class H (2513) | CICC has reaffirmed a Buy rating on Knowledge Atlas Technology Joint Stock Company Limited Class H (2513) with a price t | [Link](https://longbridge.com/en/news/276095967.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.