Hess Midstream LP owns, develops, operates, and acquires midstream assets. The company operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and crude oil gathering systems; and produced water gathering and disposal facilities. Its gathering systems consists of approximately 1,350 miles of high and low pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 450 million cubic feet per day; and crude oil gathering system comprises approximately 550 miles of crude oil gathering pipelines. The Processing and Storage segment comprises Tioga Gas Plant, a natural gas processing and fractionation plant located in Tioga, North Dakota; a 50% interest in the Little Missouri 4 gas processing plant located in south of the Missouri River in McKenzie County, North Dakota; and Mentor Storage Terminal, a propane storage cavern and rail, and truck loading and unloading facility located in Mentor, Minnesota. The Terminaling and Export segment owns Ramberg terminal facility; Tioga rail terminal; and crude oil rail cars, as well as Johnson's Corner Header System, a crude oil pipeline header system. Hess Midstream LP was founded in 2014 and is based in Houston, Texas.
IPO Year: 2017
Exchange: NYSE
Website: hessmidstream.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/8/2024 | $37.00 | Overweight → Neutral | JP Morgan |
| 10/6/2023 | $32.00 | Buy | Goldman |
| 5/10/2023 | $37.00 | Buy | UBS |
| 4/21/2023 | $35.00 | Outperform | Raymond James |
| 12/9/2022 | $34.00 | Buy | Citigroup |
| 3/10/2022 | $33.00 | Overweight → Equal-Weight | Wells Fargo |
| 1/7/2022 | $32.00 | Overweight → Equal-Weight | Morgan Stanley |
| 12/16/2021 | $30.00 → $31.00 | Overweight | Wells Fargo |
| 10/15/2021 | $25.00 → $27.00 | Neutral | Credit Suisse |
| 10/1/2021 | $29.00 | Buy → Neutral | UBS |
Hess Midstream LP (NYSE:HESM) ("Hess Midstream") announced today that Global Infrastructure Partners ("GIP"), a part of BlackRock, has completed a full exit of its position in Hess Midstream as the result of the closing of a registered underwritten public offering on May 30, 2025. Ownership of Hess Midstream on a consolidated basis is now approximately 62.2% for the public and 37.8% for Hess Corporation ("Hess"). "Today's announcement is a milestone in our public journey," said Jonathan Stein, Chief Financial Officer of Hess Midstream. "We are thankful for the prosperous partnership with GIP, which allowed us to build a leading midstream platform together, and we are excited to continue e
Hess Midstream LP (NYSE:HESM) ("HESM") today announced the pricing of the previously announced underwritten public offering of an aggregate 15,022,517 Class A shares representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners, a part of BlackRock (the "Selling Shareholder"), at a public offering price of $37.25 per Class A share. The gross proceeds from the sale of Class A shares by the Selling Shareholder are expected to be $559.59 million. HESM will not receive any proceeds from the sale of Class A shares in the offering. The offering is expected to close on May 30, 2025, subject to customary closing conditions. J.P. Morgan and Citigroup are acting
Hess Midstream LP (NYSE:HESM) ("HESM") today announced the commencement of an underwritten public offering of an aggregate of 15,022,517 Class A shares representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners, a part of BlackRock (the "Selling Shareholder"). HESM will not receive any proceeds from the sale of Class A shares in the offering. J.P. Morgan and Citigroup are acting as the joint bookrunning managers of the offering. The offering of these securities is being made only by means of the prospectus supplement and accompanying base prospectus as filed with the Securities and Exchange Commission (the "SEC"). Copies of the preliminary prospectu
Hess Midstream LP (NYSE:HESM) ("Hess Midstream") announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, will meet with investors at the Annual Energy Infrastructure CEO & Investor Conference on May 21, 2025, and at the J.P. Morgan Energy, Power, Renewables & Mining Conference on June 24, 2025. A presentation will be posted in the "Investors" section of the Hess Midstream website at www.hessmidstream.com. About Hess Midstream Hess Midstream is a fee-based, growth-oriented, midstream company that owns, operates, develops and acquires a diverse set of midstream assets to provide services to Hess and third-party customers. Hess
Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced an accretive $200 million repurchase that included both Class B units by its subsidiary, Hess Midstream Operations LP, from affiliates of Hess Corporation and Global Infrastructure Partners, a part of BlackRock, Hess Midstream's sponsors (the "Sponsors"), and Hess Midstream's Class A shares from the public. Hess Midstream announced the execution of a definitive agreement providing for the repurchase of approximately $190 million of Class B units by its subsidiary, Hess Midstream Operations LP, from the Sponsors. The terms of the proposed unit repurchase transaction were unanimously approved by the Board of Directors of Hess
First Quarter 2025 Highlights: Net income was $161.4 million. Net cash provided by operating activities was $202.4 million. Net income attributable to Hess Midstream LP was $71.6 million, or $0.65 basic earnings per Class A share, after deduction for noncontrolling interests. Adjusted EBITDA1 was $292.3 million and Adjusted Free Cash Flow1 was $190.7 million. Increased quarterly cash distribution to $0.7098 per Class A share for the first quarter of 2025, an increase of $0.0086 per Class A share for the first quarter of 2025 compared with the fourth quarter of 2024. Completed accretive $100.0 million repurchase of Class B units of Hess Midstream Operations LP in January 2025. Th
Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.7098 per Class A share for the quarter ended March 31, 2025, an increase of $0.0086 per Class A share as compared with the fourth quarter of 2024, consistent with Hess Midstream's targeted 5% growth in annual distributions per Class A share through 2027. "With today's announcement, we continue to execute on our differentiated financial strategy, prioritizing consistent and ongoing return of capital to our shareholders," said Jonathan Stein, Chief Financial Officer of Hess Midstream. "We expect to continue to have more than $1.25 b
Hess Midstream LP (NYSE:HESM) ("Hess Midstream") announced today that it will hold a conference call on Wednesday, April 30, 2025, at 12:00 p.m. Eastern Time to discuss its first quarter 2025 earnings release. To phone into the conference call, participants should register in advance using this link to receive a unique PIN and dial-in number. This conference call and subsequent replay will also be accessible by webcast (audio only) on Hess Midstream's website at www.hessmidstream.com. About Hess Midstream Hess Midstream is a fee-based, growth-oriented, midstream company that owns, operates, develops and acquires a diverse set of midstream assets to provide services to Hess and third-part
Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), announced the filing of its annual report on Form 10-K for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission on February 27, 2025. A copy of the annual report is available on Hess Midstream's website, www.hessmidstream.com, by selecting "Investors" and then "SEC Filings." Shareholders may request printed copies of our annual report on Form 10-K, which includes Hess Midstream's complete audited financial statements, free of charge by emailing Investor Relations at: [email protected]. About Hess Midstream Hess Midstream is a fee-based, growth-oriented, midstream company that owns, operates, develops
Hess Midstream LP (NYSE:HESM) ("Hess Midstream") announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, will meet with investors at the Morgan Stanley Energy & Power Conference on March 6, 2025. A presentation has been posted in the "Investors" section of the Hess Midstream website at www.hessmidstream.com. About Hess Midstream Hess Midstream is a fee-based, growth-oriented, midstream company that owns, operates, develops and acquires a diverse set of midstream assets to provide services to Hess and third-party customers. Hess Midstream owns oil, gas and produced water handling assets that are primarily located in the Bak
144 - Hess Midstream LP (0001789832) (Subject)
SCHEDULE 13D/A - Hess Midstream LP (0001789832) (Subject)
8-K - Hess Midstream LP (0001789832) (Filer)
424B7 - Hess Midstream LP (0001789832) (Filer)
424B7 - Hess Midstream LP (0001789832) (Filer)
8-K - Hess Midstream LP (0001789832) (Filer)
SCHEDULE 13D/A - Hess Midstream LP (0001789832) (Subject)
10-Q - Hess Midstream LP (0001789832) (Filer)
SCHEDULE 13D/A - Hess Midstream LP (0001789832) (Subject)
8-K - Hess Midstream LP (0001789832) (Filer)