Equity Profile

HESM

Hess Midstream LP

EnergyOil & Gas Storage & Transportation$5.0B

Jul29Wed

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Hess Midstream LP is a key player in the energy sector, focusing on oil and gas storage and transportation. With a market cap of $5 billion, the company plays a vital role in the supply chain of energy resources, which is essential for both domestic and international markets.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a crucial indicator of profitability and will help assess how well the company is managing its costs and generating income.

$0.70

Revenue Growth

Revenue growth reflects the company's ability to expand its operations and capture market share in a competitive environment.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

HESM Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+8.13%

Avg Stock Reaction

+0.59%

Last Quarter Recap

In Q1-2026, Hess Midstream reported an EPS of $0.68, exceeding expectations by 4.13%. The stock reacted positively, gaining 3.67% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, the market is cautiously optimistic about Hess Midstream's upcoming earnings, given its strong track record of beating EPS estimates.

Bull Case

If Hess Midstream continues its trend of exceeding EPS expectations, it could signal strong operational performance and market confidence.

Bear Case

Conversely, any signs of declining revenue or increased operational costs could lead to a negative market reaction.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.70

EPS is a crucial indicator of profitability and will help assess how well the company is managing its costs and generating income.

Revenue Growth

N/A

Revenue growth reflects the company's ability to expand its operations and capture market share in a competitive environment.

Operating Margin

N/A

Operating margin will provide insight into the efficiency of Hess Midstream's operations and its ability to control costs.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to the previous quarter?

Given Hess Midstream's history of beating EPS estimates, this number will be crucial for investor sentiment and stock performance.

What is the outlook for revenue growth in the upcoming quarters?

Understanding revenue trends will help gauge the company's ability to sustain its operations and profitability in a competitive market.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating Hess Midstream's ability to outperform due to its strong operational efficiencies and strategic positioning in the energy sector.

Supporting Evidence

Hess Midstream has consistently beaten EPS estimates, with an 88% success rate in the last eight quarters.

The options market is pricing in a larger move than historical averages, indicating potential for a significant reaction.

Recent trends in energy prices suggest a favorable environment for Hess Midstream's operations.

Key Risk

If EPS falls below $0.65, it could undermine the bullish sentiment surrounding the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on Hess Midstream's ability to maintain profitability amidst fluctuating energy prices and operational costs.

Bull Confirmed If

An EPS of $0.70 or higher would confirm the bull case and indicate strong operational performance.

Bear Confirmed If

An EPS below $0.65 would confirm the bear case and raise concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±10.27%

Historical Avg

±2.1%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±10.3% while HESM has averaged ±2.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

28.7%

Calls (11K)P/C Ratio: 0.72Puts (9K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Hess Midstream beats expectations, history suggests the stock could rise by about 0.87% on the following day, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance from management.

Miss

A miss could lead to a decline of around 1.41%, reflecting investor disappointment and concerns about future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiencies and cost management strategies.
2Insights into revenue growth expectations for the next quarter.
3Management's commentary on market conditions and pricing trends in the energy sector.
4Details on any new contracts or partnerships that could impact future revenue.
5Guidance on capital expenditures and investment plans moving forward.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Jul27

DYNBMO

Dyne Therapeutics, Inc.

Insider activity

PreviewView

Jul

Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a crucial indicator of profitability and will help assess how well the company is managing its costs and generating income.

$0.70

Revenue Growth

Revenue growth reflects the company's ability to expand its operations and capture market share in a competitive environment.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

HESM Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+8.13%

Avg Stock Reaction

+0.59%

Last Quarter Recap

In Q1-2026, Hess Midstream reported an EPS of $0.68, exceeding expectations by 4.13%. The stock reacted positively, gaining 3.67% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, the market is cautiously optimistic about Hess Midstream's upcoming earnings, given its strong track record of beating EPS estimates.

Bull Case

If Hess Midstream continues its trend of exceeding EPS expectations, it could signal strong operational performance and market confidence.

Bear Case

Conversely, any signs of declining revenue or increased operational costs could lead to a negative market reaction.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.70

EPS is a crucial indicator of profitability and will help assess how well the company is managing its costs and generating income.

Revenue Growth

N/A

Revenue growth reflects the company's ability to expand its operations and capture market share in a competitive environment.

Operating Margin

N/A

Operating margin will provide insight into the efficiency of Hess Midstream's operations and its ability to control costs.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to the previous quarter?

Given Hess Midstream's history of beating EPS estimates, this number will be crucial for investor sentiment and stock performance.

What is the outlook for revenue growth in the upcoming quarters?

Understanding revenue trends will help gauge the company's ability to sustain its operations and profitability in a competitive market.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating Hess Midstream's ability to outperform due to its strong operational efficiencies and strategic positioning in the energy sector.

Supporting Evidence

Hess Midstream has consistently beaten EPS estimates, with an 88% success rate in the last eight quarters.

The options market is pricing in a larger move than historical averages, indicating potential for a significant reaction.

Recent trends in energy prices suggest a favorable environment for Hess Midstream's operations.

Key Risk

If EPS falls below $0.65, it could undermine the bullish sentiment surrounding the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on Hess Midstream's ability to maintain profitability amidst fluctuating energy prices and operational costs.

Bull Confirmed If

An EPS of $0.70 or higher would confirm the bull case and indicate strong operational performance.

Bear Confirmed If

An EPS below $0.65 would confirm the bear case and raise concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±10.27%

Historical Avg

±2.1%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±10.3% while HESM has averaged ±2.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

28.7%

Calls (11K)P/C Ratio: 0.72Puts (9K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Hess Midstream beats expectations, history suggests the stock could rise by about 0.87% on the following day, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance from management.

Miss

A miss could lead to a decline of around 1.41%, reflecting investor disappointment and concerns about future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiencies and cost management strategies.
2Insights into revenue growth expectations for the next quarter.
3Management's commentary on market conditions and pricing trends in the energy sector.
4Details on any new contracts or partnerships that could impact future revenue.
5Guidance on capital expenditures and investment plans moving forward.