HESM

Over the past six months, Hess Midstream LP's stock experienced an increased quarterly cash distribution, an increase to $0.7792 per Class A share for the quarter ended March 31, 2026, supported by share repurchases. The Q1 2026 earnings report surpassed market expectations, with an EPS of $0.68 and revenues of $390.1 million, leading to a stock increase. The company reduced its full-year 2026 capital expenditure forecast to approximately $105 million and raised its 2026 Adjusted Free Cash Flow guidance to a range of $910 million to $960 million. Share and unit repurchases of $60 million were executed in March 2026. Severe winter weather in January and February 2026 impacted operations early in Q1, leading to a slight sequential decline in net income and adjusted EBITDA compared to Q4 2025.