Hess Midstream LP (HESM) Gives Updated Financial and Operational Guidance

Financial and Operational Guidance - Hess Midstream LP (NYSE:HESM) expects long-term growth in gas throughput volumes through at least 2027 in the Bakken region, while oil throughput volumes are projected to plateau in 2026 due to lower planned rig activity [1] - The company anticipates relatively flat adjusted EBITDA in 2026 compared to 2025, with growth expected in 2027 driven by improvements in gas throughput volumes and inflation escalation provisions in existing commercial agreements [1] - Hess Midstream LP plans to significantly reduce capital spending in 2026 and 2027, suspending early engineering activities on the Capa gas plant and removing the project from the forward plan [2] - For 2025, Hess Midstream LP expects full-year gas gathering volumes to average between 455 to 465 million cubic feet of natural gas per day and gas processing volumes to average between 440 to 450 million cubic feet of natural gas per day [2]