# Hess Midstream (HESM) — Earnings

HESM · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/hesm/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $0.75 |
| EPS estimate | $0.67 |
| EPS surprise | +11.67% |
| Revenue surprise | +0.77% |
| Revenue | $399.0M |
| Revenue estimate | $396.0M |
| Reported | Aug 3, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1789832/000119312526338055/hesm-20260630.htm) |

Hess Midstream reported Q2 2026 results on August 3, 2026. Earnings per share were $0.75, ahead of the $0.67 estimate by 11.67%. Revenue was $399.0 million, about 0.8% above the $396.0 million consensus. Against Q2 2025, EPS edged up about 1% from $0.74, while revenue slipped about 3.7% from $414.2 million.

Annual EPS rose from $2.01 in 2022 to $2.09 in 2023, $2.49 in 2024 and $2.86 in 2025, a gain of about 42% over three years. Revenue grew about 27% over the same span, to $1.62 billion in 2025. The first half of 2026 adds up to $1.43 per share, against $1.39 a year earlier. Q2 2026 ties Q3 2025 for the highest quarterly EPS in the table at $0.75, while the revenue high is Q3 2025's $420.9 million. Hess Midstream beat EPS estimates in 11 of the last 20 quarters, including each of the last seven.

Q3 results have been reported between October 25 and November 3 in each of the last four years, which points to late October or early November 2026 for the next report. It will show whether quarterly revenue moves back toward the $420 million level seen in Q3 2025.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Aug 3, 2026 | $0.67 | $0.75 | 11.67% | $396.0M | $399.0M |
| Q1 2026 | May 4, 2026 | $0.67 | $0.68 | 2.01% | $389.5M | $390.1M |
| Q4 2025 | Feb 2, 2026 | $0.72 | $0.72 | 0.63% | $416.4M | $404.2M |
| Q3 2025 | Nov 3, 2025 | $0.73 | $0.75 | 2.61% | $417.9M | $420.9M |
| Q2 2025 | Jul 30, 2025 | $0.65 | $0.74 | 13.08% | $405.1M | $414.2M |
| Q1 2025 | Apr 30, 2025 | $0.62 | $0.65 | 5.21% | $381.6M | $382.0M |
| Q4 2024 | Jan 29, 2025 | $0.68 | $0.68 | 0.58% | $390.9M | $395.9M |
| Q3 2024 | Oct 30, 2024 | $0.66 | $0.63 | -4.17% | $377.0M | $378.5M |
| Q2 2024 | Jul 31, 2024 | $0.63 | $0.59 | -6.91% | $365.2M | $365.5M |
| Q1 2024 | Apr 25, 2024 | $0.64 | $0.59 | -7.55% | $354.2M | $355.6M |
| Q4 2023 | Jan 31, 2024 | $0.63 | $0.55 | -12.29% | $358.9M | $356.5M |
| Q3 2023 | Oct 25, 2023 | $0.58 | $0.57 | -1.08% | $342.5M | $363.1M |
| Q2 2023 | Jul 26, 2023 | $0.48 | $0.50 | 4.41% | $322.4M | $324.0M |
| Q1 2023 | Apr 26, 2023 | $0.51 | $0.47 | -8.22% | $311.8M | $305.0M |
| Q4 2022 | Jan 25, 2023 | $0.54 | $0.49 | -9.93% | $327.9M | $314.6M |
| Q3 2022 | Oct 26, 2022 | $0.52 | $0.53 | 0.97% | $317.0M | $334.8M |
| Q2 2022 | Jul 27, 2022 | $0.50 | $0.50 | 0.60% | $308.4M | $313.4M |
| Q1 2022 | Apr 27, 2022 | $0.52 | $0.49 | -5.42% | $307.7M | $312.4M |
| Q4 2021 | Jan 26, 2022 | $0.59 | $0.51 | -13.66% | $302.7M | $316.3M |
| Q3 2021 | Oct 27, 2021 | $0.37 | $0.38 | 1.96% | $291.1M | $303.9M |

## Frequently Asked Questions

### When did Hess Midstream (HESM) last report earnings?

Hess Midstream last reported on Aug 3, 2026, covering fiscal Q2 2026.

### Did HESM beat earnings estimates?

Yes. Hess Midstream reported EPS of $0.75 for Q2 2026 against a $0.67 estimate — a 11.67% beat.

### How much revenue did HESM report last quarter?

Hess Midstream reported $399.0M in revenue for Q2 2026, against a consensus estimate of $396.0M.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

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