HESM - Mergers and acquisitions

First Quarter 2026 Highlights: Net income was $157.7 million. Net cash provided by operating activities was $253.3 million. Net income attributable to Hess Midstream LP was $87.6 million, or $0.68 basic earnings per Class A share, after deduction for noncontrolling interests. Adjusted EBITDA1 was $299.8 million and Adjusted Free Cash Flow1 was $237.0 million. Completed accretive $42.0 million repurchase of Class A shares of Hess Midstream LP and $18.0 million repurchase of Class B units of Hess Midstream Operations LP. Increased quarterly cash distribution to $0.7792 per Class A share for the first quarter of 2026, an increase of $0.0151 per Class A share for the first quarte

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.7792 per Class A share for the quarter ended March 31, 2026, an increase of $0.0151 per Class A share as compared with the fourth quarter of 2025. This increase is supported by the reduction in total Hess Midstream LP shares and Hess Midstream Operations LP units following the accretive $42 million Class A share repurchase and $18 million Class B unit repurchase in March 2026. "This distribution increase highlights our continued execution of return of capital to our shareholders," said Jonathan Stein, Chief Executive Officer of H

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced an accretive $60 million repurchase that included both Class B units of its subsidiary, Hess Midstream Operations LP, from an affiliate of Chevron, Hess Midstream's sponsor (the "Sponsor"), and Hess Midstream's Class A shares from the public. Hess Midstream announced the execution of a definitive agreement providing for the repurchase of approximately $18 million of Class B units by its subsidiary, Hess Midstream Operations LP, from the Sponsor. The terms of the proposed unit repurchase transaction were unanimously approved by the Board of Directors of Hess Midstream's general partner, based on the unanimous approval and re

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), announced the filing of its annual report on Form 10-K for the fiscal year ended December 31, 2025 with the Securities and Exchange Commission on February 25, 2026. A copy of the annual report is available on Hess Midstream's website, www.hessmidstream.com, by selecting "Investors" and then "SEC Filings." Shareholders may request printed copies of our annual report on Form 10-K, which includes Hess Midstream's complete audited financial statements, free of charge by emailing Investor Relations at: HessMidstream@hess.com. About Hess Midstream Hess Midstream is a fee-based, growth-oriented, midstream company that owns, operates, develops

Fourth Quarter 2025 Highlights: Net income was $168.0 million. Net cash provided by operating activities was $245.6 million. Net income attributable to Hess Midstream LP was $93.3 million, or $0.72 basic earnings per Class A share, after deduction for noncontrolling interests. Adjusted EBITDA1 was $309.1 million and Adjusted Free Cash Flow1 was $207.8 million. Increased quarterly cash distribution to $0.7641 per Class A share for the fourth quarter of 2025, an increase of $0.0093 per Class A share for the fourth quarter of 2025 compared with the third quarter of 2025. Throughput volumes decreased 4% for oil terminaling, 1% for gas processing and 5% for water gathering compare

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.7641 per Class A share for the quarter ended December 31, 2025, an increase of $0.0093 per Class A share as compared with the third quarter of 2025. "This distribution increase highlights our differentiated cash flow stability and continued execution of return of capital to our shareholders," said Jonathan Stein, Chief Executive Officer of Hess Midstream. "We expect Adjusted Free Cash Flow growth through 2028 to support our targeted annual distribution per Class A share growth of at least 5% through 2028 and provide financial fle

2026 and Long-Term Throughput Volumes Guidance Hess Midstream LP ("Hess Midstream") expects relatively flat throughput volumes in oil and gas in 2026, compared with 2025, consistent with Chevron plans to operate three drilling rigs commencing in the fourth quarter of 2025, as previously announced. Hess Midstream expects approximately 1.5% annualized growth in gas throughput volumes and relatively flat oil throughput volumes from 2026 through 2028. 2026 Financial Guidance Hess Midstream expects $650 - $700 million of net income and $1,225 - $1,275 million of Adjusted EBITDA1 in 2026, with Adjusted EBITDA approximately flat at the midpoint of guidance, compared with 2025. Hess Midst

Third Quarter 2025 Highlights: Net income was $175.5 million. Net cash provided by operating activities was $258.9 million. Net income attributable to Hess Midstream LP was $97.7 million, or $0.75 basic earnings per Class A share, after deduction for noncontrolling interests. Adjusted EBITDA1 was $320.7 million and Adjusted Free Cash Flow1 was $186.8 million. Completed accretive $70.0 million repurchase of Class A shares of Hess Midstream LP and $30.0 million repurchase of Class B units of Hess Midstream Operations LP. Increased quarterly cash distribution to $0.7548 per Class A share for the third quarter of 2025, an increase of $0.0178 per Class A share for the third quarte

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.7548 per Class A share for the quarter ended September 30, 2025, an increase of $0.0178 per Class A share as compared with the second quarter of 2025. This increase is supported by excess Adjusted Free Cash Flow after distributions following Hess Midstream's accretive $30 million unit repurchase and $70 million repurchase of Class A shares of Hess Midstream LP completed in the third quarter and, on an annualized basis, is significantly above Hess Midstream's targeted 5% growth in annual distributions per Class A share through 2027.

Hess Midstream LP (NYSE:HESM) ("Hess Midstream") today provided updated financial and operational guidance for the remainder of 2025 based on updated expectations and for 2026 and 2027 based on an expected decrease in Bakken rig activity by Chevron from four to three drilling rigs commencing in the fourth quarter of 2025. Highlights Hess Midstream continues to expect long-term growth in gas throughput volumes through at least 2027 in the Bakken while oil throughput volumes are now expected to plateau in 2026 as a result of lower planned rig activity. Hess Midstream expects throughput volumes to generally stay above already-established minimum volume commitments. Hess Midstream no

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced an accretive $100 million repurchase that included both Class B units of its subsidiary, Hess Midstream Operations LP, from an affiliate of Chevron Corporation ("Chevron"), Hess Midstream's sponsor (the "Sponsor"), and Hess Midstream's Class A shares from the public. Hess Midstream announced the execution of a definitive agreement providing for the repurchase of approximately $30 million of Class B units by its subsidiary, Hess Midstream Operations LP, from the Sponsor. The terms of the proposed unit repurchase transaction were unanimously approved by the Board of Directors of Hess Midstream's general partner, based on the

Second Quarter 2025 Highlights: Net income was $179.7 million. Net cash provided by operating activities was $276.9 million. Net income attributable to Hess Midstream LP was $90.3 million, or $0.74 basic earnings per Class A share, after deduction for noncontrolling interests. Adjusted EBITDA1 was $316.0 million and Adjusted Free Cash Flow1 was $193.8 million. Completed accretive $190.0 million repurchase of Class B units of Hess Midstream Operations LP and $10.0 million repurchase of Class A shares of Hess Midstream LP. Increased quarterly cash distribution to $0.7370 per Class A share for the second quarter of 2025, an increase of $0.0272 per Class A share for the second qu

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.7370 per Class A share for the quarter ended June 30, 2025, an increase of $0.0272 per Class A share as compared with the first quarter of 2025. This increase is supported by excess adjusted free cash flow after distributions following Hess Midstream's accretive $190 million unit repurchase and $10.0 million repurchase of Class A shares of Hess Midstream LP in May 2025 and, on an annualized basis, is significantly above Hess Midstream's targeted 5% growth in annual distributions per Class A share through 2027. "We continue to exe

Hess Midstream LP (NYSE:HESM) today announced publication of its 2024 Sustainability Report as part of its commitment to transparency about environmental, social and governance plans and performance. The report is available on the Hess Midstream website. Leading sustainability reporting frameworks were used to develop the Hess Midstream Sustainability Report including the Energy Infrastructure Council and GPA Midstream Association Environment, Social and Governance Reporting Template; the Sustainability Accounting Standards Board standard for oil and gas – midstream; the Taskforce for Climate-Related Financial Disclosures; and the Global Reporting Initiative Standards. About Hess Midstr

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced an accretive $200 million repurchase that included both Class B units by its subsidiary, Hess Midstream Operations LP, from affiliates of Hess Corporation and Global Infrastructure Partners, a part of BlackRock, Hess Midstream's sponsors (the "Sponsors"), and Hess Midstream's Class A shares from the public. Hess Midstream announced the execution of a definitive agreement providing for the repurchase of approximately $190 million of Class B units by its subsidiary, Hess Midstream Operations LP, from the Sponsors. The terms of the proposed unit repurchase transaction were unanimously approved by the Board of Directors of Hess

First Quarter 2025 Highlights: Net income was $161.4 million. Net cash provided by operating activities was $202.4 million. Net income attributable to Hess Midstream LP was $71.6 million, or $0.65 basic earnings per Class A share, after deduction for noncontrolling interests. Adjusted EBITDA1 was $292.3 million and Adjusted Free Cash Flow1 was $190.7 million. Increased quarterly cash distribution to $0.7098 per Class A share for the first quarter of 2025, an increase of $0.0086 per Class A share for the first quarter of 2025 compared with the fourth quarter of 2024. Completed accretive $100.0 million repurchase of Class B units of Hess Midstream Operations LP in January 2025. Th

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.7098 per Class A share for the quarter ended March 31, 2025, an increase of $0.0086 per Class A share as compared with the fourth quarter of 2024, consistent with Hess Midstream's targeted 5% growth in annual distributions per Class A share through 2027. "With today's announcement, we continue to execute on our differentiated financial strategy, prioritizing consistent and ongoing return of capital to our shareholders," said Jonathan Stein, Chief Financial Officer of Hess Midstream. "We expect to continue to have more than $1.25 b

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), announced the filing of its annual report on Form 10-K for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission on February 27, 2025. A copy of the annual report is available on Hess Midstream's website, www.hessmidstream.com, by selecting "Investors" and then "SEC Filings." Shareholders may request printed copies of our annual report on Form 10-K, which includes Hess Midstream's complete audited financial statements, free of charge by emailing Investor Relations at: HessMidstream@hess.com. About Hess Midstream Hess Midstream is a fee-based, growth-oriented, midstream company that owns, operates, develops

Hess Midstream Operations LP (the "Issuer"), a consolidated subsidiary of Hess Midstream LP (NYSE:HESM) ("HESM" and, together with the Issuer, "Hess Midstream"), today announced that it has priced $800 million aggregate principal amount of 5.875% senior unsecured notes due 2028 (the "Notes") at par in a private offering. Hess Midstream intends to use the net proceeds from the offering, along with borrowings under its revolving credit facility, to redeem its outstanding 5.625% senior notes due 2026. Hess Midstream delivered a notice of redemption in respect of its 5.625% senior notes due 2026 on February 3, 2025. The private offering of the Notes is expected to close on February 12, 2025, su

Hess Midstream Operations LP (the "Issuer"), a consolidated subsidiary of Hess Midstream LP (NYSE:HESM) ("HESM" and, together with the Issuer, "Hess Midstream"), today announced that it intends to offer $800 million aggregate principal amount of senior unsecured notes due 2028 (the "Notes") in a private offering. Hess Midstream intends to use the net proceeds from the offering, along with borrowings under its revolving credit facility, to redeem its outstanding 5.625% senior notes due 2026 (the "2026 Notes"). This is not a notice of redemption for the 2026 Notes. The Notes are being sold only to persons reasonably believed to be "qualified institutional buyers" pursuant to Rule 144A and

2025 and Long-Term Throughput Volumes Guidance Hess Midstream LP expects throughput volumes in 2025 to increase by approximately 10% across oil and gas systems compared with 2024. Hess Midstream LP expects continued growth in oil and gas throughput volumes beyond 2025 with approximately 10% growth in gas throughput volumes in 2026, followed by approximately 5% growth in 2027, and approximately 5% growth in oil throughput volumes in each of 2026 and 2027. 2025 Financial Guidance Hess Midstream LP expects $715 - $765 million of net income and $1,235 - $1,285 million of Adjusted EBITDA1 in 2025, representing an approximate 11% increase in Adjusted EBITDA, at the midpoint of guidanc

Key Developments: Completed accretive $100 million repurchase of Class B units of Hess Midstream Operations LP in January 2025. Increased quarterly cash distribution to $0.7012 per Class A share for the fourth quarter of 2024, an increase of $0.0166 per Class A share for the fourth quarter of 2024 compared with the third quarter of 2024. This increase is supported by excess Adjusted Free Cash Flow after distributions from the reduction in total units following the accretive $100 million unit repurchase. Fourth Quarter 2024 Highlights: Net income was $172.1 million. Net cash provided by operating activities was $258.5 million. Net income attributable to Hess Midstream LP was $

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.7012 per Class A share for the quarter ended December 31, 2024, an increase of $0.0166 per Class A share as compared with the third quarter of 2024. This increase is supported by excess adjusted free cash flow after distributions from the reduction in total units following Hess Midstream's accretive $100 million unit repurchase in January 2025 and, on an annualized basis, is significantly above Hess Midstream's targeted 5% growth in annual distributions per Class A share through 2026. "We continue to execute on our differentiated

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced the execution of a definitive agreement providing for the repurchase of approximately $100 million of Class B units by its subsidiary, Hess Midstream Operations LP, from affiliates of Hess Corporation and Global Infrastructure Partners, a part of BlackRock, Hess Midstream's sponsors (the "Sponsors"). The terms of the proposed unit repurchase transaction were unanimously approved by the Board of Directors of Hess Midstream's general partner, based on the unanimous approval and recommendation of its conflicts committee composed solely of independent directors. "We continue to execute unit repurchase transactions as part of ou

Hess Midstream LP (NYSE:HESM) today announced publication of its 2023 Sustainability Report as part of its commitment to transparency about environmental, social and governance plans and performance. The report is available on the Hess Midstream website. Leading sustainability reporting frameworks were used to develop the Hess Midstream Sustainability Report including the Energy Infrastructure Council and GPA Midstream Association Environment, Social and Governance Reporting Template; the Sustainability Accounting Standards Board standard for oil and gas – midstream; the Taskforce for Climate-Related Financial Disclosures; and the Global Reporting Initiative Standards. About Hess Midstr

Third Quarter 2024 Highlights: Net income was $164.7 million. Net cash provided by operating activities was $224.9 million. Net income attributable to Hess Midstream LP was $58.6 million, or $0.63 basic earnings per Class A share, after deduction for noncontrolling interests. Adjusted EBITDA1 was $286.9 million and Adjusted Free Cash Flow1 was $141.4 million. Completed accretive $100 million repurchase of Class B units of Hess Midstream Operations LP in September 2024. Increased quarterly cash distribution to $0.6846 per Class A share for the third quarter of 2024, an increase of $0.0169 per Class A share for the third quarter of 2024 compared with the second quarter of 2024; this

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.6846 per Class A share for the quarter ended September 30, 2024, an increase of $0.0169 per Class A share as compared with the second quarter of 2024. This quarterly increase includes incremental distribution per Class A share growth utilizing excess adjusted free cash flow available for distributions following Hess Midstream's accretive $100 million unit repurchase in September 2024 and, on an annualized basis, is significantly above Hess Midstream's targeted 5% growth in annual distributions per Class A share through 2026. "We c

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced the execution of a definitive agreement providing for the repurchase of approximately $100 million of Class B units by its subsidiary, Hess Midstream Operations LP, from affiliates of Hess Corporation and Global Infrastructure Partners, Hess Midstream's sponsors (the "Sponsors"). The terms of the proposed unit repurchase transaction were unanimously approved by the Board of Directors of Hess Midstream's general partner, based on the unanimous approval and recommendation of its conflicts committee composed solely of independent directors. "We continue to execute unit repurchase transactions as part of our unique financial str

Second Quarter 2024 Highlights: Throughput volumes increased 17% for gas processing, 17% for oil terminaling and 43% for water gathering compared with the prior-year quarter, primarily due to higher production, higher gas capture and higher system utilization. Net income was $160.3 million. Net cash provided by operating activities was $271.6 million. Net income attributable to Hess Midstream LP was $49.5 million, or $0.59 basic earnings per Class A share, after deduction for noncontrolling interests. Adjusted EBITDA1 was $276.5 million and Adjusted Free Cash Flow1 was $156.4 million. Completed accretive $100 million repurchase of Class B units of Hess Midstream Operations LP

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.6677 per Class A share for the quarter ended June 30, 2024, an increase of $0.0161 per Class A share as compared with the first quarter of 2024. This quarterly increase includes incremental distribution per Class A share growth utilizing excess adjusted free cash flow available for distributions following Hess Midstream's accretive $100 million unit repurchase in June 2024 and, on an annualized basis, is significantly above Hess Midstream's targeted 5% growth in annual distributions per Class A share through 2026. "We continue to

Hess Midstream LP (NYSE:HESM) ("Hess Midstream") today announced the execution of a definitive agreement providing for the repurchase of approximately $100 million of Class B units by its subsidiary, Hess Midstream Operations LP, from affiliates of Hess Corporation and Global Infrastructure Partners, Hess Midstream's sponsors (the "Sponsors"). The terms of the proposed unit repurchase transaction were unanimously approved by the Board of Directors of Hess Midstream's general partner, based on the unanimous approval and recommendation of its conflicts committee composed solely of independent directors. "We continue to execute unit repurchase transactions as part of our unique financial str

Hess Midstream Operations LP (the "Issuer"), a consolidated subsidiary of Hess Midstream LP (NYSE:HESM) ("HESM" and, together with the Issuer, "Hess Midstream"), today announced that it has priced $600 million aggregate principal amount of 6.500% senior unsecured notes due 2029 (the "Notes") at par in a private offering. The aggregate principal amount of the offering was increased from the previously announced offering size of $500 million. Hess Midstream intends to use the net proceeds from the offering to reduce indebtedness outstanding under its revolving credit facility and any remaining net proceeds for general corporate purposes. The private offering of the Notes is expected to close

Hess Midstream Operations LP (the "Issuer"), a consolidated subsidiary of Hess Midstream LP (NYSE:HESM) ("HESM" and, together with the Issuer, "Hess Midstream"), today announced that it intends to offer $500 million aggregate principal amount of senior unsecured notes due 2029 (the "Notes") in a private offering. Hess Midstream intends to use the net proceeds from the offering to reduce indebtedness outstanding under its revolving credit facility and any remaining net proceeds for general corporate purposes. The Notes are being sold only to persons reasonably believed to be "qualified institutional buyers" in the United States pursuant to Rule 144A and outside the United States to non-U

First Quarter 2024 Highlights: Throughput volumes increased 16% for gas processing, 13% for oil terminaling and 47% for water gathering compared with the prior-year quarter, primarily due to higher production and higher gas capture. Net income was $161.9 million. Net cash provided by operating activities was $185.3 million. Net income attributable to Hess Midstream LP was $44.6 million, or $0.60 basic earnings per Class A share, after deduction for noncontrolling interests. Adjusted EBITDA1 was $275.8 million and Adjusted Free Cash Flow1 was $194.2 million. Increased quarterly cash distribution to $0.6516 per Class A share for the first quarter of 2024, an approximate 2.7% in

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.6516 per Class A share for the quarter ended March 31, 2024. The distribution represents an approximate 2.7% increase in the quarterly distribution per Class A share for the first quarter of 2024 as compared to the fourth quarter of 2023. This increase consists of an approximate 1.5% increase in Hess Midstream's distribution level per Class A share in addition to the quarterly 1.2% increase per Class A share consistent with its target of at least 5% growth in annual distributions per Class A share through 2026. "We continue to ex

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced the execution of a definitive agreement providing for the repurchase of approximately $100 million of Class B units by its subsidiary, Hess Midstream Operations LP, from affiliates of Hess Corporation and Global Infrastructure Partners, Hess Midstream's sponsors (the "Sponsors"). The terms of the proposed unit repurchase transaction were unanimously approved by the Board of Directors of Hess Midstream's general partner, based on the unanimous approval and recommendation of its conflicts committee composed solely of independent directors. "We continue to execute unit repurchase transactions as part of our unique and differen

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), announced the filing of its annual report on Form 10-K for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission on February 29, 2024. A copy of the annual report is available on Hess Midstream's website, www.hessmidstream.com, by selecting "Investors" and then "SEC Filings." Shareholders may request printed copies of our annual report on Form 10-K, which includes Hess Midstream's complete audited financial statements, free of charge by emailing Investor Relations at: HessMidstream@hess.com. About Hess Midstream Hess Midstream is a fee-based, growth-oriented, midstream company that owns, operates, develops

2024 Guidance Hess Midstream LP expects throughput volumes in 2024 to increase by approximately 10% across gas and oil systems compared with 2023. Hess Midstream LP expects $670 - $720 million of net income and $1,125 - $1,175 million of Adjusted EBITDA1 in 2024, representing an approximate 12.5% increase in Adjusted EBITDA, at the midpoint of guidance, compared with 2023 supported by growing revenues and stable operating costs. Hess Midstream LP expects total capital expenditures of $250 - $275 million in 2024 and expects to generate approximately $115 million of Adjusted Free Cash Flow1 after distributions at the midpoint of guidance. Long-Term Guidance Completed annual tar

Fourth Quarter 2023 Highlights: Throughput volumes increased 24% for gas processing, 19% for oil terminaling and 47% for water gathering compared with the prior-year quarter, primarily due to increased Hess drilling activity, higher gas capture and higher third-party volumes. Net income was $152.8 million. Net cash provided by operating activities was $247.6 million. Net income attributable to Hess Midstream LP was $37.5 million, or $0.55 basic earnings per Class A share, after deduction for noncontrolling interests. Adjusted EBITDA1 was $264.1 million and Adjusted Free Cash Flow1 was $146.6 million. Increased quarterly cash distribution to $0.6343 per Class A share for the f

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.6343 per Class A share for the quarter ended December 31, 2023. The distribution represents an approximate 2.7% increase in the quarterly distribution per Class A share for the fourth quarter of 2023 as compared to the third quarter of 2023. This increase consists of an approximate 1.5% increase in Hess Midstream's distribution level per Class A share in addition to the quarterly 1.2% increase per Class A share consistent with its target of at least 5% growth in annual distributions per Class A share through 2025. "We continue to

Hess Midstream LP (NYSE:HESM) today announced publication of its 2022 Sustainability Report as part of its commitment to transparency about environmental, social and governance plans and performance. The report is available on the Hess Midstream website. Leading sustainability reporting frameworks were used to develop the Hess Midstream Sustainability Report including the Energy Infrastructure Council and GPA Midstream Association Environment, Social and Governance Reporting Template; the Sustainability Accounting Standards Board standard for oil and gas – midstream; the Taskforce for Climate-Related Financial Disclosures; and the Global Reporting Initiative Standards. The Hess Midstrea

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced the execution of a definitive agreement providing for the repurchase of approximately $100 million of Class B units by its subsidiary, Hess Midstream Operations LP, from affiliates of Hess Corporation and Global Infrastructure Partners, Hess Midstream's sponsors (the "Sponsors"). The terms of the proposed unit repurchase transaction were unanimously approved by the Board of Directors of Hess Midstream's general partner, based on the unanimous approval and recommendation of its conflicts committee composed solely of independent directors. "We continue to execute unit repurchase transactions as part of our unique and differen

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.6175 per Class A share for the quarter ended September 30, 2023. The distribution represents an approximate 2.7% increase in the quarterly distribution per Class A share for the third quarter of 2023 as compared to the second quarter of 2023. This increase consists of an approximate 1.5% increase in Hess Midstream's distribution level per Class A share in addition to the quarterly 1.2% increase per Class A share consistent with its target of at least 5% growth in annual distributions per Class A share through 2025. "We continue t

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced the execution of a definitive agreement providing for the repurchase of approximately $100 million of Class B units by its subsidiary, Hess Midstream Operations LP, from affiliates of Hess Corporation and Global Infrastructure Partners, Hess Midstream's sponsors (the "Sponsors"). The terms of the proposed unit repurchase transaction were unanimously approved by the Board of Directors of Hess Midstream's general partner, based on the unanimous approval and recommendation of its conflicts committee composed solely of independent directors. "We continue to execute unit repurchase transactions as part of our unique and differen

Second Quarter 2023 Highlights: Completed accretive $100 million repurchase of Class B units of Hess Midstream Operations LP in June 2023, which is the second repurchase transaction during 2023. Increased quarterly cash distribution to $0.6011 per Class A share for the second quarter of 2023, an approximate 2.7% increase compared with the first quarter of 2023, consisting of a 1.5% increase in the distribution level per Class A share in addition to the quarterly 1.2% increase per Class A share consistent with the target of at least 5% growth in annual distributions per Class A share through 2025. Net income was $147.9 million. Net cash provided by operating activities was $204.6 mi

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.6011 per Class A share for the quarter ended June 30, 2023. The distribution represents an approximate 2.7% increase in the quarterly distribution per Class A share for the second quarter of 2023 as compared to the first quarter of 2023. This increase consists of an approximate 1.5% increase in Hess Midstream's distribution level per Class A share in addition to the quarterly 1.2% increase per Class A share consistent with its target of at least 5% growth in annual distributions per Class A share through 2025. "We continue to use

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced the execution of a definitive agreement providing for the repurchase of approximately $100 million of Class B units by its subsidiary, Hess Midstream Operations LP, from affiliates of Hess Corporation and Global Infrastructure Partners, Hess Midstream's sponsors (the "Sponsors"). The terms of the proposed unit repurchase transaction were unanimously approved by the Board of Directors of Hess Midstream's general partner, based on the unanimous approval and recommendation of its conflicts committee composed solely of independent directors. "We continue to execute a unique and differentiated financial strategy, prioritizing co

First Quarter 2023 Highlights: Completed accretive $100 million repurchase of Class B units of Hess Midstream Operations LP in March 2023. Increased quarterly cash distribution to $0.5851 per Class A share for the first quarter of 2023, an approximate 2.7% increase compared with the fourth quarter of 2022, consisting of a 1.5% increase in the distribution level per Class A share in addition to the quarterly 1.2% increase per Class A share consistent with the target of at least 5% growth in annual distributions per Class A share. Net income was $142.2 million. Net cash provided by operating activities was $198.7 million. Net income attributable to Hess Midstream LP was $20.7 mill

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.5851 per Class A share for the quarter ended March 31, 2023. The distribution represents an approximate 2.7% increase in the quarterly distribution per Class A share for the first quarter of 2023 as compared to the fourth quarter of 2022. This increase consists of an approximate 1.5% increase in Hess Midstream's distribution level per Class A share in addition to the quarterly 1.2% increase per Class A share consistent with its target of at least 5% growth in annual distributions per Class A share. "We continue to use our financi

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced the execution of a definitive agreement providing for the approximately $100 million repurchase of Class B units by its subsidiary, Hess Midstream Operations LP, from affiliates of Hess Corporation and Global Infrastructure Partners, Hess Midstream's sponsors (the "Sponsors"). The terms of the proposed unit repurchase transaction were unanimously approved by the Board of Directors of Hess Midstream's general partner (the "Board"), based on the unanimous approval and recommendation of its conflicts committee composed solely of independent directors. "With today's announcement, we again demonstrate our unique and differentiate

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), announced the filing of its annual report on Form 10-K for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission on February 27, 2023. A copy of the annual report is available on Hess Midstream's website, www.hessmidstream.com, by selecting "Investors" and then "SEC Filings." Shareholders may request printed copies of our annual report on Form 10-K, which includes Hess Midstream's complete audited financial statements, free of charge by emailing Investor Relations at: HessMidstream@hess.com. About Hess Midstream Hess Midstream is a fee-based, growth-oriented, midstream company that owns, operates, develops an

Completed annual tariff rate redetermination process and established minimum volume commitments ("MVCs") for 2025 that imply approximately 10% annualized growth in throughput volumes across gas, oil and water systems from 2023 to 2025. Hess Midstream LP expects $600 - $640 million of Net Income and $990 - $1,030 million of Adjusted EBITDA1 in 2023 followed by at least 10% per year expected growth in Net Income and Adjusted EBITDA in each of 2024 and 2025, supported by growth in gas processing and gathering throughput volumes that represent approximately 75% of total affiliate revenues, excluding passthrough revenues. Hess Midstream LP expects capital expenditures of approximately $225

Fourth Quarter 2022 Highlights: Net income was $149.8 million. Net cash provided by operating activities was $222.6 million. Net income attributable to Hess Midstream LP was $21.8 million, or $0.49 basic earnings per Class A share, after deduction for noncontrolling interests. Adjusted EBITDA1 was $245.1 million, Distributable Cash Flow1 was $202.6 million and Adjusted Free Cash Flow1 was $144.1 million. Hess Midstream LP (NYSE:HESM) ("Hess Midstream") today reported fourth quarter 2022 net income of $149.8 million compared with net income of $165.1 million for the fourth quarter of 2021. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $21

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.5696 per Class A share for the quarter ended December 31, 2022. The distribution represents a 1.2% increase compared to the distribution on the Hess Midstream Class A shares for the third quarter of 2022, which equals a 5% increase on an annualized basis. The distribution will be payable on February 13, 2023 to shareholders of record as of the close of business on February 2, 2023. About Hess Midstream Hess Midstream LP is a fee-based, growth-oriented midstream company that owns, operates, develops and acquires a diverse set of m

Hess Midstream LP (NYSE:HESM) today announced publication of its 2021 Sustainability Report as part of its commitment to transparency about environmental, social and governance plans and performance. The report is available on the Hess Midstream website. Leading sustainability reporting frameworks were used to develop the Hess Midstream Sustainability Report including the Energy Infrastructure Council and GPA Midstream Association Environment, Social and Governance Reporting Template; the Sustainability Accounting Standards Board standard for oil and gas – midstream; the Taskforce for Climate-Related Financial Disclosures; and the Global Reporting Initiative Standards. The Hess Midstream

Third Quarter 2022 Highlights: Hess Midstream Operations LP extended the maturity of its $1.4 billion credit facilities through July 2027. Net income was $159.4 million. Net cash provided by operating activities was $234.7 million. Net income attributable to Hess Midstream LP was $23.2 million, or $0.53 basic earnings per Class A share, after deduction for noncontrolling interests. Adjusted EBITDA1 was $253.6 million, Distributable Cash Flow1 was $214.8 million and Adjusted Free Cash Flow1 was $155.6 million. Throughput volumes increased 24% for gas processing, 20% for gas gathering, and 12% for water gathering compared with the prior-year quarter primarily due to increased Hess d

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.5627 per Class A share for the quarter ended September 30, 2022. The distribution represents a 1.2% increase compared to the distribution on the Hess Midstream Class A shares for the second quarter of 2022, which equals a 5% increase on an annualized basis. The distribution will be payable on November 14, 2022 to shareholders of record as of the close of business on November 3, 2022. About Hess Midstream Hess Midstream LP is a fee-based, growth-oriented midstream company that owns, operates, develops and acquires a diverse set of

Second Quarter 2022 Highlights: Completed a previously announced repurchase of an aggregate 13,559,322 Class B units of Hess Midstream Operations LP from Hess Corporation and Global Infrastructure Partners for $400.0 million. Net income was $151.8 million. Net cash provided by operating activities was $213.2 million. Net income attributable to Hess Midstream LP was $22.0 million, or $0.51 basic earnings per Class A share, after deduction for noncontrolling interests. Adjusted EBITDA1 was $242.6 million, Distributable Cash Flow1 was $206.2 million and Adjusted Free Cash Flow1 was $135.7 million. Guidance: Hess Midstream LP is reiterating its full year 2022 financial guidance, whi

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.5559 per Class A share for the quarter ended June 30, 2022. The distribution represents a 1.2% increase compared to the distribution on the Hess Midstream Class A shares for the first quarter of 2022, which equals a 5% increase on an annualized basis. The distribution will be payable on August 12, 2022 to shareholders of record as of the close of business on August 4, 2022. About Hess Midstream Hess Midstream LP is a fee-based, growth-oriented midstream company that owns, operates, develops and acquires a diverse set of midstream

Hess Midstream LP (NYSE:HESM) ("Hess Midstream"), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.5492 per Class A share for the quarter ended March 31, 2022. The distribution represents an approximate 6.3% increase in its quarterly distribution per Class A share for the first quarter of 2022 as compared to the fourth quarter of 2021. This increase consists of a 5% immediate increase in Hess Midstream's distribution level per Class A share in addition to the quarterly increase consistent with its targeted 5% growth in annual distributions per Class A share. "We continue to use our financial flexibility to deliver consistent an