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HESM News
HESM Events
Hess Midstream Announces $0.7888 Cash Distribution per Share
Hess Midstream LP announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.7888 per Class A share for the quarter ended June 30, 2026, an increase of $0.0096 per Class A share as compared with the first quarter of 2026. "This distribution increase highlights our continued execution of return of capital to our shareholders," said Jonathan Stein, Chief Executive Officer of Hess Midstream. "On an annualized basis, the second quarter increase is in line with Hess Midstream's targeted 5% growth in annual distributions per Class A share through 2028."
Hess Midstream Declares Quarterly Cash Distribution of $0.7792 per Share
On April 27, 2026, the Board of Directors of Hess Midstream's General Partner declared a quarterly cash distribution of $0.7792 per Class A share for the first quarter of 2026, an increase of $0.0151 per Class A share as compared with the fourth quarter of 2025. This increase is supported by the reduction in total Hess Midstream LP shares and Hess Midstream Operations LP units following the accretive repurchases in the first quarter of 2026. The distribution is expected to be paid on May 14, 2026, to shareholders of record as of the close of business on May 7, 2026.
Hess Midstream Reports Q1 Revenue of $390.1M
Reports Q1 revenue $390.1M, consensus $389.51M. "In the first quarter, we continued to execute on our operational priorities and delivered on our financial strategy," said Jonathan Stein, Chief Executive Officer of Hess Midstream. "We are focused on safe, reliable and efficient execution, and have lowered our expected capital spend for the year, supporting additional Adjusted Free Cash Flow for continued shareholder returns and debt repayment."
Hess Midstream Raises 2026 Free Cash Flow Guidance to $910-$960 Million
Hess Midstream now expects total capital expenditures of approximately $105 million in 2026. Hess Midstream no longer expects to pay income tax in 2026 and does not expect to pay material income taxes until after 2028 as a result of the recently issued Additional Interim Guidance Regarding the Application of the Corporate Alternative Minimum Tax. As a result, Hess Midstream is increasing its full year 2026 Adjusted Free Cash Flow guidance to $910 - $960 million and expects approximately $280 million Adjusted Free Cash Flow after Distributions at the midpoint of the updated guidance range after funding distributions that are targeted to grow at least 5% per annum on a distribution per Class A share basis. Hess Midstream continues to expect to generate approximately $1 billion of Adjusted Free Cash Flow after Distributions through 2028 that is expected to be available for incremental shareholder returns and debt repayment.
Quarterly Distribution Payable on May 14, 2026
The quarterly distribution will be payable on May 14, 2026, to Class A shareholders of record as of the close of business on May 7, 2026.
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