What move does the options market price into Hess Midstream's report?

Implied ±11.1%, either direction · provisional.

HESMNYSEMining

Hess Midstream LP (HESM) earnings date, market-implied expected move, and options open interest by expiry

32.71

Closed16:00 ET

Open32.20Volume3.5MMkt cap$4.2BP/E11.24EPS2.91Div yield9.44%

Day32.20 – 33.3445%52-wk29.52 – 41.3227%

HESM

Hess Midstream LP

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±11.1%implied · straddle

29.0836.34

spot 32.71exp Feb 19ATM strike 33ATM straddle 4.28IV 30%

Oct 30 closeprovisional

Expected move

Inputs

Next report

Feb 1

before open · in 93 days

est.Q4 FY26

Calendar

Next report

Last report

+1.43%

vs ±5.6% implied · ×0.26

shaded = implied · ▲▼ = realized

Oct 30 '26 · confirmed

Implied vs realized

Linked news

1dCVX · customerChevron and Exxon hit all-time highs as refining profits soar in reaction to Iran and Ukraine wars

News

Largest filed tie

13F top-10 QoQ

+2.18%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

284 managers

Top fund weight

—

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Hess Midstream (HESM) is expected to report on Feb 1 before open (estimated date).

Implied vs realized

1 report

—≥ implied

Oct 30 '26Oct 30 '26confirmed±5.6%▲+1.43%×0.26

quarterimplied−10%0+10%realized×

Oct '26±5.6%▲+1.43%×0.26

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 3 expiries · Oct 29 close

0.68OI · 3 expiries · Oct 29 closeP/C open interest · Feb 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

6,644+2%Nov 2020d1.474,526+4%1.47

22,5020%Dec 1848d15.501,452+3%15.50

report · Feb 1 · before open · est.

1,142−2%Feb 19111d1,6910%

ExpiryPutsCallsP/C

Nov 2020d6,644+2%4,526+4%1.47

Dec 1848d22,5020%1,452+3%15.50

report · Feb 1 · before open · est.

Feb 19111d1,142−2%

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No linked exposure.

Linked exposure

Revenue flow

as filedQ2 FY26

43.53%as filednet margin · revenue +2.28% QoQ · −3.67% YoY

Revenue

$399M+2.28% QoQ

Gross profit

$399M+2.28% QoQ

100.00% margin

Operating income

$253M+6.34% QoQ

63.46% margin

Pre-tax income

$205M+10.17% QoQ

Net income

$174M+10.15% QoQ

43.53% margin

Operating expenses

$146M−4.08% QoQ

SG&A $91M

Depreciation $54M

Other expense

$48M

Tax

$31M+10.28% QoQ

Revenue$399M+2.28%

Gross profit

$399M+2.28%

100.00% margin

Operating income

$253M+6.34%

63.46% margin

Pre-tax income

$205M+10.17%

Net income

$174M+10.15%

43.53% margin

Cost of revenue

Operating expenses

$146M−4.08%

SG&A $91M

Depreciation $54M

Other expense

$48M

Tax$31M+10.28%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

GDP ×1.37· ±1.5% vs ±1.1% · 19 releases

eventrelease day|move|up · n×base

GDPgross domestic product±1.5%12 of 19×1.37

CPROFcorporate profits±1.3%6 of 12×1.23

PCEpersonal income & outlays±1.2%11 of 19×1.14

CPIconsumer prices±1.2%6 of 10×1.10

FOMCrate decision±0.9%12 of 24×0.86

PPIproducer prices±0.9%2 of 10×0.81

NFPjobs report±0.8%4 of 10×0.72

Bar = avg |move| to ±2% · tick = ±1.1% avg day · ×base = |move| ÷ ±1.1% · min 6 releases

Earnings history

EPS 0.75 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	—	0.75	—
Q1 FY26	—	0.68	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod