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 Partners LP (HESM) provides essential midstream infrastructure services including natural gas processing, crude oil terminaling, and NGL fractionation. This page aggregates official press releases and verified news to help stakeholders track operational developments, financial performance, and strategic initiatives.
Access timely updates on earnings reports, infrastructure expansions, and regulatory filings. Content categories include quarterly financial results, asset acquisitions, partnership announcements, and operational efficiency milestones. All materials are sourced directly from company filings and reputable financial publications.
This resource enables investors to monitor HESM's fee-based revenue model and its role in energy logistics. Bookmark this page for structured access to critical updates affecting midstream sector analysis and long-term performance evaluation.
Hess Midstream reported strong Q1 2025 financial results with net income of $161.4 million and basic earnings of $0.65 per Class A share. The company generated Adjusted EBITDA of $292.3 million and Adjusted Free Cash Flow of $190.7 million.
Key operational highlights include increased throughput volumes: 8% for gas processing, 7% for oil terminaling, and 9% for water gathering compared to Q1 2024. The company completed a $100 million repurchase of Class B units and increased quarterly cash distribution to $0.7098 per Class A share.
Despite challenging weather conditions, Hess Midstream maintained strong performance and reaffirmed its full-year 2025 guidance. The company issued $800 million in senior unsecured notes at 5.875% due 2028, using proceeds to redeem existing notes. Hess Midstream continues to target at least 5% annual distribution growth per Class A share through 2027.
Hess Midstream (NYSE: HESM) has announced a quarterly cash distribution increase for Q1 2025. The company will distribute $0.7098 per Class A share, representing a $0.0086 increase from Q4 2024.
This increase aligns with the company's strategic goal of achieving 5% growth in annual distributions per Class A share through 2027. The distribution will be paid on May 14, 2025, to shareholders of record as of May 8, 2025.
Key highlights:
- Quarterly distribution: $0.7098 per Class A share
- Quarter-over-quarter increase: $0.0086
- Expected financial flexibility: Over $1.25 billion through 2027
The company's CFO, Jonathan Stein, emphasized their commitment to executing their financial strategy, focusing on consistent shareholder returns. The available financial flexibility may support their return of capital framework, including potential unit repurchases that could lead to further distribution increases.
Hess Midstream (NYSE: HESM) has announced its upcoming first quarter 2025 earnings release conference call, scheduled for Wednesday, April 30, 2025, at 12:00 p.m. Eastern Time. Participants interested in joining the call must pre-register through a provided link to receive their unique PIN and dial-in number. The company will also make the conference call and replay available via webcast on their corporate website www.hessmidstream.com.
Hess Midstream (NYSE: HESM) has announced the filing of its annual report on Form 10-K for the fiscal year ended December 31, 2024. The report was filed with the Securities and Exchange Commission on February 27, 2025.
The annual report, which includes complete audited financial statements, is accessible on the company's website at www.hessmidstream.com under the Investors section and SEC Filings subsection. Shareholders can request free printed copies of the report by emailing Investor Relations at HessMidstream@hess.com.
Hess Midstream LP (NYSE: HESM) has announced its participation in the upcoming Morgan Stanley Energy & Power Conference scheduled for March 6, 2025. The company will be represented by Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President of Investor Relations, who will engage with investors during the conference. A presentation related to the event has been made available to the public and can be accessed in the 'Investors' section of the company's official website at www.hessmidstream.com.
Hess Midstream LP (NYSE: HESM) announced the pricing of an upsized secondary public offering of 11,000,000 Class A shares at $39.45 per share. The offering, increased from the initially planned 10,000,000 shares, is being conducted by an affiliate of Global Infrastructure Partners, a part of BlackRock.
The gross proceeds are expected to reach $433.95 million. The Selling Shareholder has granted the underwriter a 30-day option to purchase up to 1,650,000 additional Class A shares. HESM will not receive any proceeds from this sale. The offering is expected to close on February 12, 2025, with Goldman Sachs & Co. acting as the bookrunning manager.
Hess Midstream LP (NYSE: HESM) announced a secondary public offering of 10,000,000 Class A shares by an affiliate of Global Infrastructure Partners, a part of BlackRock (the Selling Shareholder). The Selling Shareholder is granting underwriters a 30-day option to purchase up to 1,500,000 additional Class A shares.
Goldman Sachs & Co. is serving as the bookrunning manager for the offering. HESM will not receive any proceeds from the sale of Class A shares in this offering. The shares will be offered through a shelf registration statement previously filed with the SEC.
Hess Midstream Operations, a consolidated subsidiary of Hess Midstream LP (NYSE: HESM), has priced a $800 million private offering of 5.875% senior unsecured notes due 2028. The notes are being priced at par and will be sold exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.
The company plans to use the net proceeds, combined with borrowings from its revolving credit facility, to redeem its outstanding 5.625% senior notes due 2026. The redemption notice was delivered on February 3, 2025, and the new offering is expected to close on February 12, 2025, subject to customary closing conditions.
Hess Midstream Operations LP, a consolidated subsidiary of Hess Midstream LP (NYSE: HESM), announced plans to offer $800 million in senior unsecured notes due 2028 through a private offering. The company intends to use the net proceeds, combined with borrowings from its revolving credit facility, to redeem its outstanding 5.625% senior notes due 2026.
The Notes will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. The securities will not be registered under the Securities Act or state securities laws, limiting their sale and transfer in the United States without registration or applicable exemption.
Hess Midstream LP (HESM) has announced its 2025 guidance and extended its Return of Capital program through 2027. The company expects 10% throughput volume growth across oil and gas systems in 2025 compared to 2024, with projected net income of $715-765 million and Adjusted EBITDA of $1,235-$1,285 million for 2025.
The company anticipates capital expenditures of $300 million in 2025 and expects to generate approximately $135 million in Adjusted Free Cash Flow after distributions. Looking ahead, HESM projects at least 10% growth in net income and Adjusted EBITDA in 2026, followed by 5% growth in 2027.
The Return of Capital framework includes targeting annual distribution per Class A share growth of at least 5% through 2027 and provides over $1.25 billion of financial flexibility through 2027 for incremental shareholder returns. The company plans to construct a new gas processing plant with 125 MMcf per day capacity, expected to be online in 2027.
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