--- title: "Hess Midstream Partners LP | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 399 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294689862.md" datetime: "2026-08-03T12:03:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294689862.md) - [en](https://longbridge.com/en/news/294689862.md) - [zh-HK](https://longbridge.com/zh-HK/news/294689862.md) generator: "portal-rs" --- # Hess Midstream Partners LP | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 399 M Revenue: As of FY2026 Q2, the actual value is USD 399 M, beating the estimate of USD 395.96 M. EPS: As of FY2026 Q2, the actual value is USD 0.75, beating the estimate of USD 0.6598. EBIT: As of FY2026 Q2, the actual value is USD 259.3 M. ### Second Quarter 2026 Financial Performance (vs. Second Quarter 2025) #### Net Income Hess Midstream LP reported net income of $173.7 million for the second quarter of 2026, a decrease from $179.7 million in the prior-year quarter. Net income attributable to Hess Midstream LP increased to $96.4 million from $90.3 million in the prior-year quarter. #### Adjusted EBITDA Adjusted EBITDA was $313.7 million, compared to $316.0 million in the prior-year quarter. #### Cash Flow Adjusted Free Cash Flow increased to $231.6 million from $193.8 million in the prior-year quarter. Net cash provided by operating activities increased to $278.6 million from $276.9 million in the prior-year quarter. #### Total Revenues and Other Income Total revenues and other income were $399.0 million, down from $414.2 million, primarily due to lower throughput volumes, partially offset by higher tariff rates and third-party services. #### Operating Costs and Expenses Total operating costs and expenses decreased to $145.8 million from $154.0 million, mainly due to lower employee costs and maintenance expense, partially offset by higher depreciation expense. #### Interest Expense, Net Interest expense, net, was $54.5 million, approximately flat compared to $55.4 million in the prior-year quarter. #### Income from Operations Income from operations was $253.2 million, compared to $260.2 million in the prior-year quarter. #### Margins Gross margin remained consistent at 63%, while Gross Adjusted EBITDA Margin increased to 85% from 82% in the prior-year quarter. #### Capital Expenditures Capital expenditures for the second quarter of 2026 totaled $30.6 million, a 56% decrease from $70.0 million in the prior-year quarter, primarily due to the completion of gas compression capacity expansion. #### Revolving Credit Facility At June 30, 2026, Hess Midstream LP had a drawn balance of $256.0 million on its revolving credit facility. ### Six Months Ended June 30, 2026 Financial Performance (vs. Six Months Ended June 30, 2025) #### Total Revenues For the six months ended June 30, 2026, total revenues were $789.1 million, a decrease from $796.2 million in the prior-year period. #### Net Income Net income was $331.4 million, compared to $341.1 million in the prior-year period. Net income attributable to Hess Midstream LP was $184.0 million, an increase from $161.9 million in the prior-year period. #### Total Operating Costs and Expenses Total operating costs and expenses were $297.8 million, a slight decrease from $298.6 million in the prior-year period. #### Income from Operations Income from operations was $491.3 million, compared to $497.6 million in the prior-year period. #### Interest Expense, Net Interest expense, net, was $109.9 million, compared to $111.8 million in the prior-year period. ### Second Quarter 2026 Segment Revenue #### Gathering Segment Total revenues for the Gathering segment were $209.8 million, consisting of $203.2 million from affiliate services and $6.6 million from third-party services. Income from operations for this segment was $120.0 million. #### Processing and Storage Segment Total revenues for the Processing and Storage segment were $151.3 million, with $140.1 million from affiliate services and $11.2 million from third-party services. Income from operations for this segment was $109.0 million. #### Terminaling and Export Segment Total revenues for the Terminaling and Export segment were $37.9 million, including $36.5 million from affiliate services, $0.1 million from third-party services, and $1.3 million in other income. Income from operations for this segment was $25.7 million. ### Second Quarter 2026 Operational Metrics (Throughput Volumes vs. Second Quarter 2025) #### Throughput Volume Changes Oil terminaling volumes decreased by 15% to 117 MBbl of crude oil per day from 137 MBbl of crude oil per day. Water gathering volumes decreased by 12% to 121 MBbl of water per day from 138 MBbl of water per day. Gas processing volumes decreased by 4% to 433 Mcf of natural gas per day from 449 Mcf of natural gas per day, primarily due to planned maintenance. #### Specific Throughput Volumes Gas gathering volumes were 445 Mcf of natural gas per day, down from 464 Mcf of natural gas per day. Crude oil gathering volumes were 103 MBbl of crude oil per day, down from 127 MBbl of crude oil per day. NGL loading volumes remained flat at 17 blpd. ### Outlook / Guidance Hess Midstream LP is reaffirming its full year 2026 financial and throughput guidance, anticipating net income between $650 million and $700 million, Adjusted EBITDA between $1,225 million and $1,275 million, and Adjusted Free Cash Flow between $910 million and $960 million. Capital expenditures are projected at $105 million for the full year 2026. The company expects to generate approximately $1 billion of Adjusted Free Cash Flow after Distributions through 2028, intended for incremental shareholder returns and debt repayment. ### Related Stocks - [HESM.US](https://longbridge.com/en/quote/HESM.US.md) ## Related News & Research - [Igua Sergipe board signs off Q2 2026 financial results](https://longbridge.com/en/news/297932404.md) - [Marisa updates financial events calendar for 2026](https://longbridge.com/en/news/297913424.md) - [Quanta Services announces dividend of R$ 0.03 per unit for Q3 2026](https://longbridge.com/en/news/297931955.md) - [LyondellBasell announces dividend of R$ 1.72 per unit for 3Q 2026](https://longbridge.com/en/news/297814383.md) - [PulteGroup declares Q3 2026 dividend of R$ 0.9 per unit](https://longbridge.com/en/news/297931957.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**