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Compared to Estimates, Hess Midstream Partners (HESM) Q2 Earnings: A Look at Key Metrics

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For the quarter ended June 2026, Hess Midstream Partners LP (HESM - Free Report) reported revenue of $399 million, down 3.7% over the same period last year. EPS came in at $0.75, compared to $0.74 in the year-ago quarter.

The reported revenue represents a surprise of +1% over the Zacks Consensus Estimate of $395.07 million. With the consensus EPS estimate being $0.69, the EPS surprise was +8.7%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Hess Midstream Partners performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Throughput Volumes - Gas gathering: 445.00 MMcf/d versus 440.91 MMcf/d estimated by two analysts on average.
  • Throughput Volumes - Crude oil gathering: 103.00 MBbl/d versus the two-analyst average estimate of 115.29 MBbl/d.
  • Throughput Volumes - Water gathering: 121.00 MBbl/d compared to the 125.49 MBbl/d average estimate based on two analysts.
  • Throughput Volumes - Crude terminals: 117.00 MBbl/d compared to the 126.53 MBbl/d average estimate based on two analysts.
  • Throughput Volumes - NGL loading: 17.00 MBbl/d compared to the 14.97 MBbl/d average estimate based on two analysts.
  • Throughput Volumes - Gas processing: 433.00 MMcf/d versus 428.40 MMcf/d estimated by two analysts on average.
  • Revenue- Gathering: $209.8 million versus $210.13 million estimated by two analysts on average.
  • Revenue- Terminaling and Export: $37.9 million compared to the $35.73 million average estimate based on two analysts.
  • Revenue- Processing and Storage: $151.3 million versus $152.87 million estimated by two analysts on average.
  • Adjusted EBITDA- Terminaling and Export: $30.1 million compared to the $26.37 million average estimate based on two analysts.
  • Adjusted EBITDA- Gathering: $156.6 million versus $155.03 million estimated by two analysts on average.

View all Key Company Metrics for Hess Midstream Partners here>>>

Shares of Hess Midstream Partners have returned +3% over the past month versus the Zacks S&P 500 composite's +2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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