Hess Midstream sees FY25 throughput volumes up 10%, net income $715M – $765M

Hess Midstream LP (HESM) expects throughput volumes in 2025 to increase by approximately 10% across oil and gas systems compared with 2024. Hess Midstream LP expects continued growth in oil and gas throughput volumes beyond 2025 with approximately 10% growth in gas throughput volumes in 2026, followed by approximately 5% growth in 2027, and approximately 5% growth in oil throughput volumes in each of 2026 and 2027. Hess Midstream LP expects $715 – $765M of net income and $1,235 – $1,285M of Adjusted EBITDA in 2025, representing an approximate 11% increase in Adjusted EBITDA, at the midpoint of guidance, compared with 2024 supported by growing revenues. Hess Midstream LP expects total capital expenditures of approximately $300M in 2025 and expects to generate approximately $135 million of Adjusted Free Cash Flow1 after distributions at the midpoint of guidance. Hess Midstream LP expects its leverage to decrease to below its long-term target of 3x Adjusted EBITDA by the end of 2025.