Hess Midstream Q1 2026 Net Income Dips on Lower Production

SECAUCUS, NJ (DTN) – Hess Midstream reported Monday (5/4) a slight year-on-year drop in net income to $157.7 million in the first quarter of 2026, amid lower throughput volumes across several segments owing to lower new-well activity.

• Net income was $168 million in the fourth quarter of 2025 and $161.4 million in the year-ago quarter.
• Throughput volumes fell 5% for oil terminaling and 9% for water gathering compared to a year ago, while gas processing rose 1% due to third-party volumes.
• Capital expenditure for the quarter dropped 79% to $10.4 million following the completion of a major project to expand gas compression capacity.