Hess Midstream (HESM) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $0.75
- Estimate
- $0.66
- Surprise
- +13.7%
- Score at report (before → after)
- 5.6 → 5.7/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
Hess Midstream (HESM) beat the $0.66 estimate with diluted EPS of $0.75 — a large 13.7% upside surprise. TrendMatrix's engine moved from Hold (5.6/10) to Sell at 5.7/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates HESM Sell at 5.0/10.
3 of the last 4 quarters beat the estimate; this quarter's +13.7% surprise compares with a +4.7% four-quarter average. Next scheduled report: 2026-11-02.
What supports the rating
- V7 flight-to-quality bonus: +0.5 (Q=8.0 in RISK_OFF)
- Sector modifier (Energy): +1.2
What argues against it
- Concentration risk — Customer: Chevron
- Concentration risk — Geographic: Bakken
- Analyst target reached - limited upside remaining
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $40.24
- Price target
- $45.83
- Stop
- $38.21
- Upside to target
- +13.9%
At 13.9× trailing and 12.9× forward earnings, consensus estimates imply little change in earnings power.
Model outputs from TrendMatrix’s engine as of 2026-09-04 — shown for context, not personalized investment advice.
HESM at TrendMatrix's latest read
Energy results are commodity-price arithmetic first; the operational beat or miss is read net of what the strip already told the market.
- Industry
- Oil & Gas Midstream
- Market cap
- $8.25B
- P/E (fwd)
- 12.9
- P/E (ttm)
- 13.9
- 52-week range
- $31.63–$41.50
- Off 52-week high
- 3.0%
- RSI (14)
- 43
- Volume vs avg
- 1.29×
- Score today
- 5.0/10