Welcome to our dedicated page for Hess Midstream P news (Ticker: HESM), a resource for investors and traders seeking the latest updates and insights on Hess Midstream P stock.
Hess Midstream LP (NYSE: HESM) is a fee‑based midstream partnership focused on oil, gas and produced water handling assets in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. The HESM news page on Stock Titan aggregates company‑specific press releases and market updates so readers can follow how this midstream business evolves over time.
News coverage for Hess Midstream commonly includes quarterly earnings releases with details on net income, Adjusted EBITDA, Adjusted Free Cash Flow and throughput volumes across gas gathering, gas processing, crude oil gathering, crude oil terminaling and water gathering systems. These updates often explain how changes in physical volumes, tariff rates and operating costs affect financial results and non‑GAAP performance measures defined by the company.
Investors can also track announcements about financial and operational guidance, including expected throughput volumes, capital expenditure plans and long‑term targets for net income, Adjusted EBITDA and Adjusted Free Cash Flow. Hess Midstream regularly discusses its return of capital framework, such as targeted annual distribution growth per Class A share and the use of repurchase transactions involving Class A shares and Class B units.
In addition, the news flow includes items on governance and ownership, such as the exit of Global Infrastructure Partners from its position, changes to the board of directors, leadership transitions and the impact of the merger between Hess Corporation and Chevron Corporation on Hess Midstream’s ownership structure. By reviewing these articles in one place, readers can follow how Hess Midstream’s operational performance, capital allocation decisions and governance developments relate to HESM stock over time.
Hess Midstream (NYSE: HESM) filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 with the SEC on February 25, 2026. The filing includes Hess Midstream’s complete audited financial statements and is available on the company website under Investors > SEC Filings.
Shareholders may request printed copies free of charge by emailing Investor Relations at HessMidstream@hess.com.
Hess Midstream (NYSE: HESM) reported fourth quarter 2025 results with net income $168.0M and net income attributable $93.3M or $0.72 basic EPS. The company generated Adjusted EBITDA $309.1M and Adjusted Free Cash Flow $207.8M.
Revenues were $404.2M; net cash from operations was $245.6M. Capital expenditures fell 44% to $47.6M. Quarterly cash distribution was raised to $0.7641 per Class A share. Total debt about $3.8B, leverage ~3.1x Adjusted EBITDA. Full year 2025 Adjusted EBITDA was $1,238.1M.
Hess Midstream (NYSE: HESM) announced a quarterly cash distribution of $0.7641 per Class A share for the quarter ended December 31, 2025, an increase of $0.0093 versus the third quarter of 2025. The Board set the payable date as February 13, 2026 to holders of record at the close of business on February 5, 2026. Management said it expects Adjusted Free Cash Flow growth through 2028 to support a targeted annual distribution per Class A share growth of at least 5% through 2028 and to provide flexibility for incremental shareholder returns and debt repayment.
Hess Midstream (NYSE: HESM) provided 2026 guidance and extended its return-of-capital program, forecasting stable oil volumes and modest gas growth. For 2026 the company expects net income $650–700M, Adjusted EBITDA $1,225–1,275M, Adjusted free cash flow $850–900M, and capex ~$150M. Throughput guidance includes gas gathering 450–460 MMcf/d and crude gathering 115–125 MBbl/d.
Long-term, Hess Midstream targets ~5% annualized net income and Adjusted EBITDA growth through 2028, capex < $75M annually in 2027–2028, Adjusted free cash flow ~10% annualized growth, distribution per Class A share growth of at least 5% through 2028, and leverage below 3x Adjusted EBITDA.
Summary not available.
Hess Midstream (NYSE: HESM) declared a quarterly cash distribution of $0.7548 per Class A share for the quarter ended September 30, 2025, an increase of $0.0178 versus Q2 2025.
The board said the increase is supported by excess Adjusted Free Cash Flow after distributions and by completed repurchases totaling $100 million in Q3 2025 ($30 million units, $70 million Class A shares). The quarterly distribution is payable on Nov 14, 2025 to holders of record as of Nov 6, 2025. Management reiterated a target of at least 5% annual distribution growth through 2027 and noted expected continued Adjusted Free Cash Flow growth to support returns of capital.
Hess Midstream (NYSE: HESM) will hold a conference call on Monday, November 3, 2025 at 10:00 a.m. ET to discuss third quarter 2025 earnings.
Participants must register in advance to receive a unique PIN and dial-in number. The call and subsequent replay will be available by audio-only webcast on Hess Midstream’s investor website at www.hessmidstream.com.
Hess Midstream (NYSE: HESM) has provided updated guidance through 2027, reflecting Chevron's planned reduction from four to three drilling rigs in the Bakken region starting Q4 2025. The company expects continued growth in gas throughput volumes through 2027, while oil throughput volumes are projected to plateau in 2026.
For 2025, gas gathering volumes are revised to 455-465 MMcf per day, and gas processing volumes to 440-450 MMcf per day. The company projects flat Adjusted EBITDA in 2026 compared to 2025, with growth resuming in 2027. Notably, Hess Midstream has suspended engineering activities for the Capa gas plant, leading to significantly lower capital spending in 2026-2027.
The company maintains its targeted annual distribution growth of at least 5% through 2027 and reiterates its long-term leverage target of 3x Adjusted EBITDA.
Hess Midstream (NYSE: HESM) has announced a strategic $100 million repurchase program, demonstrating its commitment to returning capital to shareholders. The program consists of two main components: a $30 million repurchase of Class B units from Chevron Corporation (their sponsor) and a $70 million accelerated share repurchase (ASR) of publicly traded Class A shares through JPMorgan Chase.
The Class B unit repurchase involves 695,894 units at $43.11 per unit, representing approximately 0.3% of the consolidated company. The ASR program will initially deliver 1,136,627 Class A shares, about 70% of expected repurchases. Following these transactions, public ownership will be approximately 62.4% while Chevron will hold 37.6%. The company expects to maintain over $1.25 billion in financial flexibility through 2027 for additional shareholder returns.
[ "Accretive $100 million repurchase program enhancing shareholder value", "Maintains substantial $1.25 billion financial flexibility through 2027", "Expected to increase distributable cash flow per Class A share", "Supports annual distribution growth target of at least 5% through 2027" ]Hess Midstream (NYSE: HESM) reported strong Q2 2025 results with net income of $179.7 million, up from $160.3 million in Q2 2024. The company achieved net income of $0.74 per Class A share, Adjusted EBITDA of $316.0 million, and Adjusted Free Cash Flow of $193.8 million.
Key operational highlights include volume increases of 7% for gas processing, 9% for oil terminaling, and 11% for water gathering compared to Q2 2024. The company completed a $190 million repurchase of Class B units and a $10 million repurchase of Class A shares. The quarterly cash distribution was increased to $0.7370 per Class A share.
Following Chevron's acquisition of Hess Corporation, Chevron now indirectly owns 37.8% interest in Hess Midstream. The company maintains its 2025 Adjusted EBITDA guidance of $1,235-$1,285 million and targets at least 5% annual distribution growth through 2027.