BRIEF-Hess Midstream LP Announces 2026 Guidance, Extends Return Of Capital Program

Reuters
Dec 09
BRIEF-Hess Midstream LP Announces 2026 Guidance, Extends Return Of Capital Program

Dec 9 (Reuters) - Hess Midstream LP HESM.N:

  • HESS MIDSTREAM LP ANNOUNCES 2026 GUIDANCE, EXTENDS RETURN OF CAPITAL PROGRAM

  • HESS MIDSTREAM LP - EXPECTS $150 MILLION CAPITAL EXPENDITURES IN 2026

  • HESS MIDSTREAM LP - EXPECTS $650-$700 MILLION NET INCOME IN 2026

  • HESS MIDSTREAM LP - EXPECTS ADJUSTED FREE CASH FLOW ANNUALIZED GROWTH OF ABOUT 10% THROUGH 2028 FROM 2026 LEVELS

  • HESS MIDSTREAM LP - EXPECTS CONTINUED REDUCTION IN CAPITAL EXPENDITURES THROUGH 2028, DECLINING TO LESS THAN $75 MILLION IN BOTH 2027 AND 2028

  • HESS MIDSTREAM LP - EXPECTS $1,225 MILLION - $1,275 MILLION OF ADJUSTED EBITDA IN 2026

  • HESS MIDSTREAM LP - EXPECTS NET INCOME AND ADJUSTED EBITDA ANNUALIZED GROWTH OF APPROXIMATELY 5% THROUGH 2028 FROM 2026 LEVELS

  • HESS MIDSTREAM LP - KRISTI MCCARTHY APPOINTED NEW CHAIR OF HESS MIDSTREAM BOARD

  • HESS MIDSTREAM LP - BARBARA HARRISON APPOINTED TO HESS MIDSTREAM BOARD

  • HESS MIDSTREAM LP - EXPECTS TO GENERATE APPROXIMATELY $1 BILLION OF ADJUSTED FREE CASH FLOW AFTER DISTRIBUTIONS THROUGH 2028

  • HESS MIDSTREAM LP - EXPECTS FULL YEAR 2026 NET INCOME OF BETWEEN $650 MILLION AND $700 MILLION AND ADJUSTED EBITDA OF BETWEEN $1,225 MILLION AND $1,275 MILLION

  • HESS MIDSTREAM LP - EXPECTS CONTINUED REDUCTION IN CAPITAL EXPENDITURES THROUGH 2028, WITH LEVELS DECLINING TO LESS THAN $75 MILLION IN BOTH 2027 & 2028

  • HESS MIDSTREAM LP - FULL YEAR GAS GATHERING VOLUMES ANTICIPATED TO AVERAGE BETWEEN 450 TO 460 MILLION CUBIC FEET OF NATURAL GAS PER DAY IN 2026

  • HESS MIDSTREAM LP - EXPECTS RELATIVELY FLAT THROUGHPUT VOLUMES IN OIL AND GAS IN 2026, COMPARED WITH 2025

  • HESS MIDSTREAM LP OUTLOOK CRUDE OIL GATHERING VOLUMES TO AVERAGE 115 TO 125 THOUSAND BARREL PER DAY OF CRUDE OIL IN 2026

Source text: ID:nBw4qqqjHa

Further company coverage: HESM.N

((Reuters.Briefs@thomsonreuters.com;))

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