Hess Midstream Partners GAAP EPS of $0.75 beats by $0.06, revenue of $420.9M beats by $2.98M

Published 5 days ago Positive
Hess Midstream Partners GAAP EPS of $0.75 beats by $0.06, revenue of $420.9M beats by $2.98M
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* Hess Midstream Partners press release [https://seekingalpha.com/filing/21393347] (HESM [https://seekingalpha.com/symbol/HESM]): Q3 GAAP EPS of $0.75 beats by $0.06.
* Revenue of $420.9M (+11.2% Y/Y) beats by $2.98M.
* Increased quarterly cash distribution to $0.7548 per Class A share for the third quarter of 2025, an increase of $0.0178 per Class A share for the third quarter of 2025 compared with the second quarter of 2025. This increase is supported by excess Adjusted Free Cash Flow after distributions from the reduction in total Hess Midstream LP shares and Hess Midstream Operations LP units following the accretive repurchases in the third quarter of 2025.
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FOR THE FOURTH QUARTER OF 2025, HESS MIDSTREAM EXPECTS NET INCOME OF $170 - $180 MILLION AND ADJUSTED EBITDA OF $315 - $325 MILLION BASED ON SCHEDULED MAINTENANCE ACTIVITIES AND LOWER THIRD-PARTY VOLUMES AS DISCLOSED IN THE SEPTEMBER 18, 2025 NEWS RELEASE, IMPLYING FULL YEAR EXPECTED NET INCOME OF $685 - $695 MILLION AND ADJUSTED EBITDA OF $1,245 - $1,255 MILLION.

* Hess Midstream LP is reducing its full year 2025 capital expenditure guidance to approximately $270 million, implying $70 million of capital expenditures expected in the fourth quarter of 2025, based on suspension of the Capa gas plant and removal of the project from its forward plan.