Hess Midstream Q1 2026 Net Income Dips on Lower Production


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   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.


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