NYSE$HESM

Hess Midstream · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Hess Midstream reported Q3 2025, revenue of $420.9M, net income of $175.5M.

For Q3 2025, Hess Midstream reported revenue of $420.9M, net income of $175.5M. Management discusses operating trends, liquidity, and priorities as disclosed in the filing.

  • Revenue $420.9M.
  • Net income $175.5M.
  • Hess Midstream updated strategic and capital priorities in the filing.

Headline financials

Total Revenue

$421M

Previous: $379M+11.2%
EPS (adj)

$0.75

Previous: $0.63+19.0%
Gas gathering throughput

480.0K

No prior period
Crude oil gathering

123.0K

No prior period
Gas processing throughput

462.0K

No prior period
Crude terminaling throughput

130.0K

No prior period
NGL loading throughput

18.0K

No prior period
Water gathering throughput

137.0K

No prior period
Capital Expenditures

-$189M

Previous: -$211M+10.5%
Net Income

$97.7M

Previous: $58.6M+66.7%
Operating Income

$259M

Previous: $232M+11.7%

Revenue & EPS history

Hess Midstream · Revenue · Quarterly

$421M

Q3 2025+11.2%vs Q3 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

The filing discusses Hess Midstream's outlook, capital deployment, and key risks without relying solely on numeric EPS guidance.

Tailwinds

  • Hess Midstream cites execution on strategic priorities in the filing.
  • Balance sheet and liquidity support continued operations.

Headwinds

  • Macro, competitive, and cost pressures may affect margins.
  • Segment mix and one-time items can affect comparability.

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 Q3 2025

Historical avgQ3 2025

+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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