Hess Midstream Cuts Capex 40% to $150M in 2026, Forecasts $850-$900M in Free Cash Flow
ByAinvest
Saturday, Mar 21, 2026 7:08 am ET1min read
HESM--
Hess Midstream is reducing capital spending by 40% in 2026 to $150M, with further declines to under $75M annually in 2027-2028. Adjusted free cash flow is forecasted at $850-$900M in 2026, supporting 5% annual distribution increases through 2028 and a $260M share repurchase program. The company's integration with Chevron allows for coordinated planning and reduced overbuilding.
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