Hess Midstream LP filings document the regulatory disclosures of a Delaware limited partnership whose Class A shares represent limited partner interests and trade on the New York Stock Exchange under HESM. The filings cover operating results, cash flow measures, throughput volumes, capital expenditure guidance, distributions and the economics of fee-based midstream services provided through oil, gas and produced water handling assets.
Material-event filings also describe unit and share repurchase agreements, Hess Midstream Operations LP as the subsidiary that holds operating assets, amendments to partnership documents, registered security information and governance changes at the general partner. Annual and current reports provide formal disclosure on capital structure, partnership governance, related-party service relationships, risk factors and other matters affecting the partnership’s public-company reporting.
Hess Midstream LP approved a combined $60 million equity repurchase, split between sponsor-held units and publicly traded Class A shares. Its subsidiary agreed to buy 455,811 Class B units from a Chevron affiliate for approximately $18 million at $39.49 per unit, with those units then cancelled.
The company also entered into a $42 million accelerated share repurchase with JPMorgan, initially receiving 744,492 Class A shares, with the final share count set by volume-weighted average prices through March 2026. Management states these actions support its framework for at least 5% annual distribution growth through 2028 and about $1 billion of expected financial flexibility over that period.
Hess Midstream LP filed a Form S-3 shelf registration to offer Class A Shares representing limited partner interests and Preferred Shares, permitting one or more offerings from time to time after the registration becomes effective.
The prospectus describes general terms and states that specific offering terms and any underwriters will be disclosed in a prospectus supplement. The prospectus incorporates ongoing SEC reports by reference and notes Chevron became the Sponsor following a merger on July 18, 2025. As of February 18, 2026, the company reported 129,403,244 Class A Shares outstanding and 78,283,296 Class B Shares outstanding. The last reported NYSE price for Class A Shares was $38.07 per share on February 24, 2026.
Hess Midstream LP outlines in its annual report how it operates a fee-based, growth‑oriented midstream business serving Chevron and third parties in the Bakken shale. The partnership owns extensive gathering, gas processing, storage, terminaling, rail and water‑handling assets under long‑term, minimum‑volume contracts with Chevron.
At December 31, 2025, Hess Midstream held a 62.3% controlling interest in its operating partnership, while Chevron held a 37.7% noncontrolling economic interest and was also its primary customer. The company emphasizes stable cash flows from minimum volume commitments and details extensive environmental, safety, regulatory and concentration‑of‑customer risks tied to Chevron’s Bakken operations.
Hess Midstream LP reported beneficial ownership disclosures from ALPS Advisors, Inc. and the Alerian MLP ETF. As of December 31, 2025, ALPS Advisors may be deemed to beneficially own 30,303,091 Class A Shares (reported 23.42%) and Alerian MLP ETF holds 29,908,345 Class A Shares (reported 23.11%). The percentage calculations use 129,392,378 Class A Shares outstanding as of October 31, 2025, per the issuer's Form 10-Q, and this amendment updates prior calculations that used the consolidated total (approximately 207 million on an as-exchanged basis).
Harvest Fund Advisors and affiliated Blackstone entities report owning 6,528,473 Hess Midstream LP Class A shares, or 5.1% of the class. These Class A units represent limited partner interests in Hess Midstream.
The shares are held in funds and accounts managed by Harvest Fund Advisors LLC, with a chain of control running through multiple Blackstone holding and management entities up to Blackstone Inc. and Blackstone Group Management L.L.C., which is controlled by founder Stephen A. Schwarzman. All reporting persons state that they may be deemed beneficial owners through these control relationships but expressly disclaim beneficial ownership.
The ownership percentage is calculated using 129,392,378 Class A shares outstanding as of October 31, 2025, as disclosed in Hess Midstream’s Form 10-Q. The group also certifies that the securities were not acquired to change or influence control of Hess Midstream, other than activities solely in connection with a nomination under the specified proxy rule.
Invesco Ltd. has reported beneficial ownership of 6,619,868 shares of Hess Midstream LP common stock, representing 5.1% of the class as of 12/31/2025. Invesco is a Bermuda-based parent holding company to investment advisers whose clients hold these shares of record.
Invesco reports sole voting power over 6,615,486 shares and sole dispositive power over 6,619,868 shares, with no shared voting or dispositive power. The filing states the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of Hess Midstream, and that no individual client has more than 5% economic ownership.
Hess Midstream LP filed a Form 8‑K to inform investors that it issued a news release on February 2, 2026 reporting its estimated results for the fourth quarter of 2025. The company furnished this news release as Exhibit 99.1, making the estimates publicly available through the SEC filing system.
Hess Midstream filed an update describing administrative changes to its corporate and partnership records. Effective January 26, 2026, the company and its general partner moved their principal office to 1400 Smith Street, Houston, Texas 77002 and changed their registered agent to Corporation Service Company with a new registered office at 251 Little Falls Drive, Wilmington, Delaware 19808. The general partner executed an Amended and Restated Certificate of Limited Partnership and a First Amendment to the Amended and Restated Agreement of Limited Partnership to reflect these changes, and filed the amended certificate with the Delaware Secretary of State on January 27, 2026. Hess Midstream Operations LP and its general partner made corresponding updates to their principal office, registered agent, registered office, and partnership agreement.
Hess Midstream LP received an updated ownership report showing that ALPS Advisors, Inc. and Alerian MLP ETF each hold more than 5% of its common units representing limited partner interests. As of 12/31/2025, ALPS Advisors, Inc. is reported as having beneficial ownership of 30,303,091 units, or 13.29% of the class, and Alerian MLP ETF is reported as having beneficial ownership of 29,908,345 units, or 13.11%.
ALPS Advisors, Inc., a registered investment adviser, furnishes investment advice to various investment funds, including Alerian MLP ETF, and may be deemed to share voting and investment power over these securities. All units are owned by the funds, and ALPS Advisors, Inc. disclaims beneficial ownership beyond what is required for this filing. The securities are reported as being held in the ordinary course of business and not with the purpose or effect of changing or influencing control of Hess Midstream LP.
Hess Midstream LP director Barbara Frances Harrison filed an initial ownership report on Form 3 stating that she currently has no securities beneficially owned in the company. The filing confirms her role as a director and clarifies that, as of the event date of 12/04/2025, there are no Hess Midstream LP units or derivative securities reported under her beneficial ownership.