Hess Midstream Q1 2026: Strong Earnings, Lower Capex, Higher FCF

Hess Midstreams Q1 2022 earnings showcased resilience amid harsh winter weather, with throughput averaging 430 million cubic feet of gas, 119,000 barrels of oil, and 115,000 barrels of water per day. The company met guidance, repurchased $60 million in shares and units, and increased distributions by 2% annually. Net income reached $158 million, adjusted EBITDA was $300 million, and capital spending was just $10 million. Looking ahead, Hess Midstream plans to slash full-year capex by a third, boosting adjusted free cash flow guidance by 20% year over year. The company remains focused on driving free cash flow for distribution growth, buybacks, and debt paydown, leveraging solid contracts and Bakken visibility. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/d51607148ad8e22b