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Hess Midstream LP (HESM) guidance and outlook
Hess Midstream LP (HESM) reaffirmed its guidance on Oct 30, 2026: Net income $650M–$675M for ; EBITDA $1.2B for ; Capital expenditures $105M for ; Free cash flow $910M–$935M for . Hess Midstream LP's 10-Q filed Nov 5, 2026 makes 10 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Net income | $650M–$675M | new | |
| EBITDA | $1.2B | new | |
| Capital expenditures | $105M | new | |
| Free cash flow | $910M–$935M | new | |
| Free cash flow | $920M | new |
From the earnings release filed Oct 30, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 5, 2026
- In addition, the Company will pay Chevron approximately $200 million in cash and Chevron will contribute to the Company 100% of its consolidated ownership interests in the Company, including 77,827,485 Class B units of the Partnership and 449,000 Class A shares of the Company, all of which will be canceled by the Company.
- Although Chevron has committed to minimum volumes under our commercial agreements described above, our results of operations will be impacted by our ability to:
- For our terminaling and water gathering systems, the rates will continue to be reset through our annual rate redetermination process through 2033.
- For all of our systems, MVCs will continue to provide downside risk protection through 2033.
- We expect our ongoing sources of liquidity to include:
- Net cash used in investing activities decreased $111.3 million for the nine months ended September 30, 2026, compared to the same period in 2025, primarily driven by completion of our multi-year projects for expansion of compression capacity and the timing of payments for additions to property, plant, and equipment related to ongoing capital projects.
- the expected tax treatment of the Transaction and the tax implications of the Transaction for the Company and its shareholders;
- our ability to generate sufficient cash flow to pay current and expected levels of distributions;
- our ability to comply with government regulations or make capital expenditures required to maintain compliance, including our ability to obtain or maintain permits necessary for capital projects in a timely manner, if at all, or the revocation or modification of existing permits;
- our ability to successfully identify, evaluate and timely execute our capital projects, investment opportunities and growth strategies, whether through organic growth or acquisitions;
Hess Midstream LP's latest quarter
Hess Midstream LP, Q3 2026: revenue $410M (-3% year over year), operating margin 64.0%, net earnings $99.4M, operating cash flow $268M. The chart follows the revenue to costs, profit and cash.
Questions
Did Hess Midstream LP raise or lower its guidance?
Hess Midstream LP (HESM) reaffirmed its guidance on Oct 30, 2026: Net income $650M–$675M for ; EBITDA $1.2B for ; Capital expenditures $105M for ; Free cash flow $910M–$935M for .
What does Hess Midstream LP expect?
In addition, the Company will pay Chevron approximately $200 million in cash and Chevron will contribute to the Company 100% of its consolidated ownership interests in the Company, including 77,827,485 Class B units of the Partnership and 449,000 Class A shares of the Company, all of which will be canceled by the Company. Although Chevron has committed to minimum volumes under our commercial agreements described above, our results of operations will be impacted by our ability to: For our terminaling and water gathering systems, the rates will continue to be reset through our annual rate redete
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.