Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Departure and Appointment of Officers
On September 4, 2025, John A. Gatling resigned from his role as President and Chief Operating Officer of Hess Midstream GP LLC (“GP LLC”), the general partner of Hess Midstream GP LP, a Delaware limited partnership (the “General Partner”) and the general partner of Hess Midstream LP, a Delaware limited partnership (the “Company”), effective as of September 26, 2025. On September 4, 2025, the board of directors of GP LLC appointed Michael S. Bast to succeed Mr. Gatling in this role, also effective as of September 26, 2025.
Since November 2022, Mr. Bast, age 49, has served as the Director of the Upstream Operations and the Maintenance, Reliability and Integrity departments at Hess Corporation (“Hess”), a direct, wholly owned subsidiary of Chevron Corporation, a Delaware corporation,1 and is responsible for overseeing oil and gas production, maintenance and engineering activities in the Bakken. From November 2019 to November 2022, Mr. Bast served as Director of Midstream Operations at Hess and was responsible for overseeing oil and gas and water gathering, processing, export and disposal activities. Mr. Bast joined Hess in 2007 and previously worked at Chevron from 1998 to 2006, where he held several domestic and international positions supporting the upstream business. Effective as of October 1, 2025, Mr. Bast will also be an employee of Chevron U.S.A. Inc. (“CUSA”), an indirect, wholly owned subsidiary of Chevron Corporation.
The officers or employees of CUSA or any subsidiary of Chevron Corporation who serve as officers of GP LLC do not receive additional compensation from the Company or the General Partner for their service as an officer. Mr. Bast will have rights to indemnification by the Company pursuant to the Company’s Amended and Restated Agreement of Limited Partnership.
Mr. Bast does not have any direct or indirect material interest in any transaction or series of similar transactions contemplated by Item 404(a) of Regulation S-K other than through his employment with CUSA or any subsidiary of Chevron Corporation, including Hess.
Relationships
The Company is managed and controlled by GP LLC. GP LLC is wholly owned by Hess Infrastructure Partners GP LLC (“HIP GP”), and HIP GP is owned 100% by Hess Investments North Dakota LLC, a Delaware limited liability company (“HINDL”) and an indirect, wholly owned subsidiary of Chevron Corporation. As a result, certain individuals, including officers and directors of Chevron, HINDL, HIP GP and the General Partner, serve as officers and/or directors of more than one of such other entities.
For relationships between the Company, the General Partner, GP LLC, HIP GP and Hess, see Item 13 “Certain Relationships and Related Party Transactions and Director Independence” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, which is incorporated into this Item 5.02 by reference.
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Unless expressly stated otherwise herein, the term “Chevron” may refer to Chevron Corporation, one or more of its consolidated subsidiaries, or all of them taken as a whole, but unless stated otherwise they do not include “affiliates” of Chevron – that is, those companies accounted for by the equity method (generally owned 50% or less) or non-equity method investments. |
