NYSE$HESM

Hess Midstream · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

HESM Q1 2024 — $355.6M revenue

March 31, 2024 and December 31, 2023, the consolidated results of operations for the three months ended March 31, 2024 and 2023, and the consolidated cash flows f. Hess Midstream reported Q1 2024 results. Net income of $161.9M. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $355.6M.
  • Net income: $161.9M.
  • Operating income: $222.

Headline financials

Total Revenue

$356M

Previous: $305M+16.6%
EPS (adj)

$0.59

Previous: $0.47+25.5%
Capital Expenditures

-$54.8M

Previous: -$64.3M+14.8%
Free Cash Flow

-$10.2M

Previous: -$43.6M+76.6%
Net Income

$44.6M

Previous: $20.7M+115.5%
Operating Income

$222M

Previous: $189M+17.6%
Gross Profit

$278M

Previous: $243M+14.4%

Revenue & EPS history

Hess Midstream · Revenue · Quarterly

$356M

Q1 2024+16.6%vs Q1 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+0.8%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+0.2%

Avg return

30 days after

46%

17 / 37 earnings

Positive

+12.1%

Q2 2021

Best reaction

-4.4%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.4%+0.1%+1.0%
Q4 2025-1.4%+0.7%+10.2%
Q3 2025+1.0%-0.1%+0.6%
Q2 2025+3.4%+4.5%-0.1%
Q1 2025-3.5%-4.2%-3.9%
Q4 2024+2.0%+1.2%+2.1%
Q3 2024-0.5%-0.8%+8.8%
Q2 2024-2.0%-6.3%-1.0%
Q1 2024-2.0%-4.3%-0.4%
Q4 2023+0.1%+1.5%+1.5%
Q3 2023-0.8%-2.7%+5.4%
Q2 2023-2.4%-2.1%-9.2%
Q1 2023+1.4%+4.1%-5.1%
Q4 2022-2.1%-4.1%-11.7%
Q3 2022+4.6%+5.5%+7.9%
Q2 2022-1.5%-1.2%-1.9%
Q1 2022+1.6%-1.8%+11.0%
Q4 2021-1.5%-0.6%+4.6%
Q3 2021-1.1%+1.4%-3.8%
Q2 2021+12.1%+10.1%+9.5%
Q1 2021+2.4%-2.1%+11.7%
Q4 2020-4.4%-1.9%-4.3%
Q3 2020-0.5%-5.1%+3.7%
Q2 2020+4.7%+8.2%+5.2%
Q1 2020+9.6%+12.8%+31.1%
Q4 2019+0.4%-1.8%-20.2%
Q3 2019-0.4%-0.2%-4.4%
Q2 2019-2.4%-8.2%-7.8%
Q1 2019-0.7%-3.7%-12.1%
Q4 2018+4.9%+5.1%+9.9%
Q3 2018-1.0%-3.5%-10.8%
Q2 2018+5.4%+6.4%+12.2%
Q1 2018+6.6%+4.1%+5.2%
Q4 2017-1.5%-8.1%-5.1%
Q3 2017-1.4%-3.9%-9.8%
Q2 2017+0.0%-3.9%-8.1%
Q1 2017+0.6%-1.3%-13.7%
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013

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