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) 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.
Hess Midstream (NYSE: HESM) announced a quarterly cash distribution increase to $0.7370 per Class A share for Q2 2025, representing a $0.0272 increase from Q1 2025. The increase follows the company's $190 million unit repurchase and $10 million Class A shares repurchase in May 2025.
The company expects over $1.25 billion in financial flexibility through 2027 to support its return of capital framework. The distribution exceeds HESM's targeted 5% annual distribution growth through 2027 and will be paid on August 14, 2025, to shareholders of record as of August 7, 2025.
Hess Midstream (NYSE: HESM) announced significant changes to its Board of Directors and executive leadership following the completion of the Chevron-Hess merger. Through this merger, Chevron now owns Hess' 37.8% interest in Hess Midstream.
Key leadership changes include Andy Walz from Chevron joining as Board Chairman, alongside Kristen Ghattas and Kristi McCarthy as new board members. Jonathan C. Stein, previously CFO, has been promoted to CEO, while Michael J. Chadwick has been appointed as the new CFO. The company's three independent directors will remain on the Board, with plans to add a fourth independent member.
Hess Midstream (NYSE: HESM) has scheduled its Q2 2025 earnings conference call for July 30, 2025, at 12:00 p.m. Eastern Time. Participants who wish to join the call must pre-register through a provided link to receive their unique PIN and dial-in details. The company will also make the earnings discussion available via webcast on their corporate website at www.hessmidstream.com.
Hess Midstream (NYSE: HESM) has published its 2024 Sustainability Report, demonstrating its commitment to environmental, social, and governance (ESG) transparency. The report, available on the company's website, follows leading sustainability reporting frameworks including the Energy Infrastructure Council, GPA Midstream Association ESG Template, SASB standards for oil and gas midstream, TCFD, and GRI Standards.
Hess Midstream LP (NYSE: HESM) has announced the pricing of a secondary public offering of 15,022,517 Class A shares at $37.25 per share. The shares are being offered by an affiliate of Global Infrastructure Partners, a part of BlackRock (the Selling Shareholder). The offering is expected to generate gross proceeds of $559.59 million and close on May 30, 2025. J.P. Morgan and Citigroup are serving as joint bookrunning managers for the offering. Notably, HESM will not receive any proceeds from this secondary offering.
Hess Midstream LP (NYSE: HESM) has announced a secondary public offering of 15,022,517 Class A shares by an affiliate of Global Infrastructure Partners, a part of BlackRock (the Selling Shareholder). The offering will be managed by joint bookrunners J.P. Morgan and Citigroup. HESM will not receive any proceeds from this sale of Class A shares. The offering is being conducted through a shelf registration statement previously filed with the SEC, with shares available through the joint bookrunners.
Hess Midstream (NYSE: HESM) announced that its executives will participate in two upcoming investor conferences. Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President of 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. The company will make its presentation materials available in the "Investors" section of their website at www.hessmidstream.com.
Hess Midstream (NYSE: HESM) has announced a $200 million accretive repurchase program, consisting of two parts: a $190 million repurchase of Class B units from sponsors Hess Corporation and BlackRock's Global Infrastructure Partners, and a $10 million accelerated share repurchase (ASR) of publicly traded Class A shares through JPMorgan Chase.
The Class B unit repurchase involves 5,151,842 units at $36.88 per unit, representing 2.4% of the consolidated company. Post-transaction ownership will be approximately 55.1% public, 7.1% Global Infrastructure Partners, and 37.8% Hess Corporation. Under the ASR, HESM will receive an initial delivery of 189,804 Class A shares, about 70% of expected repurchases.
Both transactions will be funded through HESM's existing credit facility and are expected to enhance distributable cash flow per share, supporting the company's target of at least 5% annual distribution growth through 2027.