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Hess Midstream HESM Q2 2026 earnings

Reported August 3, 2026 · Before market open

Revenue$399.0MBeat by $3.0M
EPS$0.75Beat by $0.08
Revenue estimate$396.0M
EPS estimate$0.67
“As we enter the second half of the year, we remain focused on execution and generating Adjusted Free Cash Flow to support continued shareholder returns and balance sheet strength.”
Jonathan Stein

Next report

Nov 2, 2026 (in 2 months)
Revenue estimate$411.3M
EPS estimate$0.74

Financials

Q2 2026

Income statement

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Revenue$399.0M-3.7%
Operating income$253.2M-2.7%
Net income$96.4M+6.8%

Balance sheet

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Cash & equivalents$5.0M+11.1%
Total debt$3.7B-0.9%
Total assets$4.3B-3.8%

Cash flow

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Operating cash flow$278.6M+0.6%
CapEx$23.1M-63.6%
Free cash flow$255.5M+19.7%

Valuation & ratios

Valuation

as of 08/27/26
See full
Market cap$5.14B-5.3%
Enterprise value$8.82B-3.5%
P/E13.7×-4.9×
P/S3.2×-0.3×

Profitability

See full
Operating margin62.1%+0.2pp
Net margin23.2%+4.7pp
FCF margin51.9%+9.5pp

Returns & leverage

See full
Current ratio0.8×+0.1×

Segments

By product

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Oil And Gas Service$171.2M-7.9%
Processing And Storage Services$140.1M-8.0%
Terminaling And Export Services$36.5M+10.3%
Water Gathering And Disposal Services$32.0M-5.9%

By segment

See full
Gathering$209.8M-5.7%
Processing And Storage$151.3M-4.2%
Terminaling And Export$37.9M+11.8%

FAQ

When did Hess Midstream report Q2 2026 earnings?
Hess Midstream (HESM) reported Q2 2026 earnings on August 3, 2026 before market open.
What were Hess Midstream's Q2 2026 revenue and EPS?
Hess Midstream reported revenue of $399.0M and eps of $0.75 for Q2 2026.
Did Hess Midstream beat estimates in Q2 2026?
Revenue beat the consensus estimate of $396.0M by $3.0M. EPS beat the consensus estimate of $0.67 by $0.08.
How did Hess Midstream's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 3.5% from $413.5M a year earlier and eps grew 1.4% from $0.74.
Where can I find Hess Midstream's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-329567) and the 10-Q periodic report (0001193125-26-338055) directly on SEC EDGAR. The filing index links above go to sec.gov.