Hess Midstream LP SEC Filings

HESM Form 144 summary: A notice was filed reporting a proposed sale of 5,817 Class A shares with an aggregate market value of $191,600.34, to be sold on 10/08/2025 via Fidelity Brokerage Services LLC on the NYSE. The shares were acquired by restricted stock vesting from the issuer on 09/26/2025 and were paid as compensation. The filing also discloses insider sales in the prior three months: John A. Gatling sold 43,913 shares for $1,827,323.20 and the Gatling Family Trust sold 18,543 shares for $770,210.42, totaling 62,456 shares and $2,597,533.62 in gross proceeds. The signer certifies no undisclosed material adverse information.

ALPS Advisors, Inc. and the Alerian MLP ETF filed an Amendment to Schedule 13G reporting shared beneficial ownership of common units of Hess Midstream LP. ALPS Advisors reports beneficial ownership of 12.75% of the class, equal to 29,295,245 units, while Alerian MLP ETF reports 12.6%, equal to 28,950,810 units. Both filers state they have no sole voting or dispositive power and instead report shared voting and dispositive power over the listed amounts. The filing clarifies that ALPS Advisors acts as an investment adviser to funds that own the securities and disclaims direct beneficial ownership, and that the holdings are managed in the ordinary course of business and not for the purpose of changing control.

The filing is an Initial Statement of Beneficial Ownership (Form 3) for Michael Scott Bast reporting ownership in Hess Midstream LP (HESM). Mr. Bast directly owns 800 Class A shares and holds three tranches of phantom shares that convert economically 1:1 to Class A shares: 1,327 (2023), 2,378 (2024), and 2,789 (2025). The phantom shares vest on specified dates beginning March 8, 2026 and have no expiration dates. The filing was executed on 09/26/2025.

John A. Gatling, President and Chief Operating Officer of Hess Midstream LP (HESM), reported acquisitions on 09/26/2025 when phantom share awards settled into 13,904 Class A shares held directly. The Form 4 shows three settlements of phantom share grants: 2,948, 4,757 and 6,199 Class A shares, each recorded with a transaction code M and price listed as $0. The filing states the phantom shares vested on 09/26/2025 and have no expiration date. All shares are reported as direct beneficial ownership following settlement.

Hess Midstream reported a leadership change in its general partner’s management. John A. Gatling resigned as President and Chief Operating Officer of Hess Midstream GP LLC, effective September 26, 2025.

The board appointed Michael S. Bast to succeed him as President and COO, also effective September 26, 2025. Bast has held senior operational roles at Hess Corporation since 2007, most recently overseeing upstream operations and maintenance in the Bakken. Effective October 1, 2025, he will also be an employee of Chevron U.S.A. Inc. Officers from Chevron affiliates serving as officers of Hess Midstream GP LLC do not receive additional compensation from Hess Midstream or its general partner for those roles, and Bast will be entitled to indemnification under the partnership agreement.

John A. Gatling, President and COO of Hess Midstream LP (HESM), reported an insider sale on 08/12/2025. The Form 4 shows he disposed of 62,457.163 Class A shares representing limited partner interests at a weighted-average price of $41.59 per share, with execution prices ranging from $41.525 to $41.650. The filing lists the amount of securities beneficially owned following the reported transactions as 0, indicating no remaining direct ownership reported on this form. The Form 4 was signed by an agent on 08/14/2025 and includes an undertaking to provide transaction-level details upon request.

Form 144 notice filed for Hess Midstream LP (HESM) Class A shares proposes the sale of 62,458 Class A units through Fidelity Brokerage Services on 08/12/2025, with an aggregate market value of $2,597,533.62 and the securities to be sold on the NYSE. The filing reports 131,084,592 Class A shares outstanding, so the proposed sale represents approximately 0.048% of outstanding Class A units.

The acquisition history in the filing lists purchases, dividend reinvestments and restricted-stock vesting entries dated between 03/16/2018 and 03/08/2025, documenting the origins of the shares to be sold. The filing shows "Nothing to Report" for securities sold during the past three months. Certain filer identification fields (CIK and filer name) and issuer address details are not provided in the supplied content.

Hess Midstream LP (HESM) Form 144 reports a proposed sale of 20,000 common shares through Morgan Stanley Smith Barney LLC on the NYSE with an approximate sale date of 08/11/2025. The filing lists an aggregate market value of $829,528.00 and 131,084,592 shares outstanding.

The securities were acquired in the issuer's IPO on 04/05/2017 from the issuer and paid on that date. The filing states "Nothing to Report" for securities sold in the past three months and includes the standard signer representation that they are not aware of any undisclosed material adverse information.

Amendment No. 1 to a Schedule 13G/A reports that Harvest Fund Advisors LLC and related Blackstone entities may be deemed to beneficially own up to 5,016,295 Class A shares of Hess Midstream LP, representing 3.8% of the Class A shares outstanding. The percentage is calculated on 131,084,592 Class A shares outstanding following the issuer's May 30, 2025 prospectus disclosure and reflects holdings as of June 30, 2025.

The filing maps the ownership chain: the shares are held by funds and accounts managed by HFA and by entities within the Blackstone structure. The reporting persons disclaim beneficial ownership for some entities and certify the shares were not acquired to change or influence control of the issuer.