Hess Midstream LP Reports Estimated Results for the Second Quarter of 2025
Hess Midstream LP (
NYSE: HESM) (“Hess Midstream” or the “Company”) today reported second quarter 2025 net income of $179.7 million compared with net income of $160.3 million for the second quarter of 2024. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $90.3 million, or $0.74 basic earnings per Class A share, compared with $0.59 basic earnings per Class A share in the second quarter of 2024. Hess Midstream generated Adjusted EBITDA of $316.0 million. Net cash provided by operating activities was $276.9 million and Adjusted Free Cash Flow was $193.8 million.
Hess Midstream LP Announces Distribution Per Share Level Increase
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.
Hess Midstream LP Announces Changes to the Board of Directors and Leadership Transition
Hess Midstream LP (
NYSE: HESM) (“Hess Midstream”) announced today that following the completion of the merger between Hess Corporation (“Hess”) and Chevron Corporation (“Chevron”), Hess Midstream’s general partner has appointed new members to its Board of Directors (the “Board”) and has appointed new executive officers. As a result of the merger, Chevron beneficially owns Hess’ approximately 37.8% interest in Hess Midstream on a consolidated basis.
Hess Midstream LP Schedules Earnings Release Conference Call
Hess Midstream LP (
NYSE: HESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, July 30, 2025, at 12:00 p.m. Eastern Time to discuss its second quarter 2025 earnings release.
Hess Midstream LP Publishes Sustainability Report
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.
Hess Midstream LP Announces Updated Governance
Hess Midstream LP (
NYSE: HESM) (“Hess Midstream”) announced today that Global Infrastructure Partners (“GIP”), a part of BlackRock, has completed a full exit of its position in Hess Midstream as the result of the closing of a registered underwritten public offering on May 30, 2025. Ownership of Hess Midstream on a consolidated basis is now approximately 62.2% for the public and 37.8% for Hess Corporation (“Hess”).
Hess Midstream LP Announces Pricing of Secondary Public Offering of Class A Shares
Hess Midstream LP (
NYSE: HESM) (“HESM”) today announced the pricing of the previously announced underwritten public offering of an aggregate 15,022,517 Class A shares representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners, a part of BlackRock (the “Selling Shareholder”), at a public offering price of $37.25 per Class A share.
Hess Midstream LP Announces Secondary Public Offering of Class A Shares
Hess Midstream LP (
NYSE: HESM) (“HESM”) today announced the commencement of an underwritten public offering of an aggregate of 15,022,517 Class A shares representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners, a part of BlackRock (the “Selling Shareholder”). HESM will not receive any proceeds from the sale of Class A shares in the offering.
Hess Midstream LP to Participate in May and June Conferences
Hess Midstream LP (
NYSE: HESM) (“Hess Midstream”) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, 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.
Hess Midstream LP Announces Signing of Accretive $200 Million Repurchase From Sponsors and the Public
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 LP Reports Estimated Results for the First Quarter of 2025
Hess Midstream LP (
NYSE: HESM) (“Hess Midstream” or the “company”) today reported first quarter 2025 net income of $161.4 million compared with net income of $161.9 million for the first quarter of 2024. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $71.6 million, or $0.65 basic earnings per Class A share, compared with $0.60 basic earnings per Class A share in the first quarter of 2024. Hess Midstream generated Adjusted EBITDA of $292.3 million. Net cash provided by operating activities was $202.4 million and Adjusted Free Cash Flow was $190.7 million.
Hess Midstream LP Announces Distribution Per Share Level Increase
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.
Hess Midstream LP Schedules Earnings Release Conference Call
Hess Midstream LP (
NYSE: HESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, April 30, 2025, at 12:00 p.m. Eastern Time to discuss its first quarter 2025 earnings release.
Hess Midstream LP Announces Filing of 2024 Annual Report on Form 10-K
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.”
