Hess Midstream stock reports an 8.7 percent Q2 EPS beat
Published on 09/23/2026 at 18:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Hess Midstream stock traded at USD 39.34 on the NYSE on September 23, 2026, up 0.43 percent. The partnership's second-quarter adjusted EPS beat consensus by 8.7 percent, putting earnings execution ahead of the revenue trend.
EPS beat masks lower revenue
According to TradingView on September 22, 2026, Hess Midstream reported adjusted EPS of USD 0.75 for Q2 2026, 1.4 percent above the prior-year figure and 8.7 percent above the USD 0.69 consensus estimate. Revenue and other income declined 3.7 percent year over year to USD 399 million, although the result was 1 percent above consensus.
The more detailed Q2 comparison shows the pressure on operations. Yahoo Finance reported on September 17, 2026, that net income fell to USD 173.7 million from USD 179.7 million in Q2 2025, while revenue declined from USD 414.2 million. Adjusted EBITDA also slipped to USD 313.7 million from USD 316 million.
Cash flow supports distribution
Hess Midstream increased its quarterly distribution to USD 0.7888 per Class A share for the quarter ended June 30, 2026. The payment was USD 0.0096 higher than the first-quarter distribution, according to MarketMinute.
Operating cash flow reached USD 278.6 million in Q2 2026, while adjusted free cash flow was USD 231.6 million. The combination matters because lower volumes are being offset by cash generation and a lighter capital burden rather than by top-line expansion.
Stock stays below yearly high
HESM was trading at USD 39.34 on September 23, 2026 at 12:28:22 p.m. ET. Its 52-week range was USD 31.63 to USD 41.44, leaving the price USD 2.10 below the yearly high.
Hess Midstream market snapshot
- Company: Hess Midstream LP
- Ticker: HESM
- Trading venue: NYSE
- Price as of September 23, 2026, 12:28:22 p.m. ET: USD 39.34, up 0.43 percent
- Market capitalization: USD 8,128,988,012 as of September 23, 2026
- 52-week range: USD 31.63-41.44 as of September 23, 2026
- Sector / Industry: Energy / Oil and Gas Midstream
