Hess Midstream Earnings Reports

Hess Midstream LP reported a net income of $161.4 million for the first quarter of 2025, with Adjusted EBITDA of $292.3 million and Adjusted Free Cash Flow of $190.7 million. The company increased its quarterly cash distribution to $0.7098 per Class A share and completed a $100.0 million repurchase of Class B units. Throughput volumes saw increases across gas processing, oil terminaling, and water gathering compared to the prior-year quarter.

Hess Midstream reported a net income of $172.1 million for Q4 2024, compared to $152.8 million in Q4 2023. Adjusted EBITDA was $298.2 million and Adjusted Free Cash Flow was $164.3 million. Throughput volumes for gas gathering and gas processing increased by approximately 15% compared to the prior-year quarter.