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Here's What Key Metrics Tell Us About Hess Midstream Partners (HESM) Q3 Earnings

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For the quarter ended September 2026, Hess Midstream Partners LP (HESM - Free Report) reported revenue of $410.1 million, down 2.6% over the same period last year. EPS came in at $0.77, compared to $0.75 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $401.74 million, representing a surprise of +2.08%. The company delivered an EPS surprise of +8.45%, with the consensus EPS estimate being $0.71.

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.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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: 438.00 MMcf/d compared to the 441.67 MMcf/d average estimate based on two analysts.
  • Throughput Volumes - Crude oil gathering: 107.00 MBbl/d compared to the 113.41 MBbl/d average estimate based on two analysts.
  • Throughput Volumes - Water gathering: 131.00 MBbl/d compared to the 128.89 MBbl/d average estimate based on two analysts.
  • Throughput Volumes - Crude terminals: 117.00 MBbl/d compared to the 130.03 MBbl/d average estimate based on two analysts.
  • Throughput Volumes - NGL loading: 17.00 MBbl/d versus 15.38 MBbl/d estimated by two analysts on average.
  • Throughput Volumes - Gas processing: 427.00 MMcf/d versus the two-analyst average estimate of 438.18 MMcf/d.
  • Revenue- Gathering: $217.8 million versus $207.59 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -4.2% change.
  • Revenue- Terminaling and Export: $39.2 million compared to the $37.9 million average estimate based on two analysts. The reported number represents a change of +15.3% year over year.
  • Revenue- Processing and Storage: $153.1 million compared to the $161.61 million average estimate based on two analysts. The reported number represents a change of -4.1% year over year.

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

Shares of Hess Midstream Partners have returned -15.2% over the past month versus the Zacks S&P 500 composite's +0.7% 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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