Post-earnings recap
Reported
Mon, Aug 3, 2026
EPS actual
$0.75
EPS est.
$0.69
EPS surprise
+8.70%
1-day move
-0.15%
Hess Midstream LP reported better-than-expected earnings per share for the quarter, which is a positive sign for the company. However, the stock reacted slightly negatively, declining by 0.15%. The lack of revenue figures and guidance may have contributed to investor uncertainty.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.75 | $0.67 | +8.70% |
| Revenue | — | $396M | — |
No transcript is on record, and the analysis is based on numerical results only.
Hess Midstream LP (HESM) operates in the energy sector, focusing on oil and gas storage and transportation. With a market cap of $5 billion, the company plays a crucial role in the energy supply chain, providing essential infrastructure for the movement and storage of hydrocarbons.
Last quarter
In Q1-2026, Hess Midstream reported an EPS of $0.68, beating estimates by 4.13%. The stock reacted positively, gaining 3.67% the following day.
EPS beat streak
2Q
EPS beat rate
88%
Avg EPS surprise
+7.93%
Avg 1-day reaction
+0.65%
Analysts expect Hess Midstream to report solid earnings this quarter, with a consensus EPS of $0.67 and revenue of $396 million. The company has a strong track record of beating earnings estimates.
Bull case
If Hess Midstream exceeds EPS expectations, it could signal robust demand and operational efficiency, leading to a positive stock reaction.
Bear case
Conversely, if the company fails to meet expectations, it may raise concerns about demand in the energy sector, potentially leading to a negative stock response.
Key metrics to watch
EPS
0.67Earnings per share (EPS) is a key indicator of profitability and helps investors gauge the company's financial health.
Revenue
396MRevenue figures provide insight into the company's operational performance and demand for its services.
The print will turn on these.
Q1
Will Hess Midstream achieve an EPS of at least $0.67?
This EPS figure is crucial as it sets the benchmark for market expectations and can significantly influence stock performance.
Q2
What commentary will management provide on revenue trends?
Insights into revenue trends will help investors understand demand dynamics and operational efficiency in the current market.
—
Est. EPS
—
Est. Rev
—
Impl. Move
±3.1%
Why consensus could be wrong
The consensus may underestimate Hess Midstream's resilience in a volatile market, as recent operational efficiencies could lead to better-than-expected results.
Supporting evidence
Hess Midstream has a strong track record of beating EPS estimates, with an 88% beat rate over the last eight quarters.
The options market is pricing in a larger move than historical averages, indicating higher expectations for volatility.
Recent trends in oil and gas demand may not be fully reflected in analyst estimates.
Key risk
If the EPS comes in significantly above $0.67, it could challenge the current market outlook and drive the stock higher.
Pre-commit to what would confirm each case.
The market is closely watching Hess Midstream's ability to maintain profitability amid fluctuating energy prices and demand.
Bull confirmed if
An EPS of $0.70 or higher would confirm strong operational performance and demand.
Bear confirmed if
An EPS below $0.65 would raise concerns about demand and operational challenges.
What the market is pricing for the move.
Implied Move
±10.27%
Historical Avg
±2.0%
The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.
Options are pricing ±10.3% while HESM has averaged ±2.0% over the last 8 prints — setup is pricing rich.
ATM IV
0.3%
30d HV
28.7%
Smart-money positioning from the most recent 13F filings.
Institutional
89.67%
of float
Insider
0.86%
of float
Holders
373
institutions
Top Holders· as of Jun 2026
Alps Advisors Inc.
29,254,074 sh · $966.3M
22.79%
-5.3%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Hess Midstream beats expectations, history suggests the stock could rise by approximately 0.87% on the following day, confirming strong demand.
In line / cautious
If results are in line with expectations, the stock may experience muted movement as investors await further guidance.
Miss
If the company misses EPS estimates, history suggests a potential decline of around 1.41%, raising concerns about future performance.
The lines on the call that would change the story.
Goldman Sachs Group Inc
8,389,537 sh · $277.1M
6.54%
5.5%
Invesco Ltd.
7,535,978 sh · $248.9M
5.87%
4.9%
Mirae Asset Global ETFs Holdings Ltd.
7,055,800 sh · $233.1M
5.50%
-0.1%
Blackstone Inc
5,786,130 sh · $191.1M
4.51%
-25.5%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.