Hess Midstream Partners (HESM) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Hess Midstream Partners LP reported revenue of $420.9 million for the quarter ended September 2025, reflecting an 11.2% increase year-over-year, with EPS at $0.75 compared to $0.63 in the same quarter last year [1] - The revenue was slightly below the Zacks Consensus Estimate of $421.33 million, resulting in a revenue surprise of -0.1%, while the EPS exceeded the consensus estimate of $0.73, yielding an EPS surprise of +2.74% [1] Financial Performance Metrics - Gas gathering throughput volumes were reported at 480.00 MMcf/d, slightly above the estimated 478.70 MMcf/d [4] - Crude oil gathering throughput volumes were 123.00 MBbl/d, below the estimated 129.46 MBbl/d [4] - Water gathering throughput volumes were 137.00 MBbl/d, lower than the estimated 144.66 MBbl/d [4] - Crude oil terminaling throughput volumes were 130.00 MBbl/d, compared to the estimated 137.31 MBbl/d [4] - NGL loading throughput volumes were 18.00 MBbl/d, exceeding the estimated 14.97 MBbl/d [4] - Gas processing throughput volumes were 462.00 MMcf/d, slightly below the estimated 463.06 MMcf/d [4] Revenue and EBITDA Analysis - Revenue from gathering was $227.3 million, compared to the average estimate of $229.83 million [4] - Revenue from terminaling and export was $34 million, slightly below the estimated $34.67 million [4] - Revenue from processing and storage was $159.6 million, compared to the average estimate of $176.62 million [4] - Adjusted EBITDA for terminaling and export was $23.4 million, below the estimated $24.63 million [4] - Adjusted EBITDA for gathering was $166 million, exceeding the average estimate of $161.08 million [4] Stock Performance - Shares of Hess Midstream Partners have returned +1% over the past month, compared to the Zacks S&P 500 composite's +1.4% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]