November 3, 2025 — Leads & Copy — Hess Midstream LP (NYSE: HESM) reported a net income of $175.5 million for the third quarter of 2025, up from $164.7 million in the same period of 2024.
Net income attributable to Hess Midstream was $97.7 million, or $0.75 basic earnings per Class A share, compared with $0.63 basic earnings per Class A share in the third quarter of 2024. The company generated Adjusted EBITDA of $320.7 million, with net cash from operating activities at $258.9 million and Adjusted Free Cash Flow at $186.8 million.
CEO Jonathan Stein noted solid operational performance and throughput growth across gas systems. Following the merger between Hess Corporation and Chevron, Chevron indirectly owns approximately 37.9% of Hess Midstream.
On October 27, 2025, the board declared a quarterly cash distribution of $0.7548 per Class A share, payable on November 14, 2025. The company expects a net income of $170 – $180 million and Adjusted EBITDA of $315 – $325 million for the fourth quarter of 2025.
Capital expenditure guidance for 2025 has been updated to approximately $270 million due to the suspension of the Capa gas plant project.
More information is available at www.hessmidstream.com.
Source: Hess Midstream LP
