Hess Midstream LP Class A Representing Limited Partner Interests (HESM)
37.28
-0.91 (-2.38%)
NYSE · Last Trade: May 30th, 2:26 AM EDT
Detailed Quote
Previous Close
38.19
Open
37.40
Bid
37.00
Ask
41.83
Day's Range
36.85 - 37.43
52 Week Range
33.59 - 44.05
Volume
6,186,988
Market Cap
1.64B
PE Ratio (TTM)
-
EPS (TTM)
-
Dividend & Yield
2.804 (7.52%)
1 Month Average Volume
812,097
Chart
About Hess Midstream LP Class A Representing Limited Partner Interests (HESM)
Hess Midstream Partners LP is a leading provider of midstream services in the oil and gas industry, primarily focused on the transportation, processing, and storage of hydrocarbons. The company operates a highly integrated network of pipelines, terminals, and processing facilities, enabling it to efficiently move crude oil, natural gas, and other related products from production sites to market. By collaborating closely with upstream producers, Hess Midstream Partners delivers reliable and flexible solutions tailored to meet the evolving needs of its customers, while maintaining a strong commitment to safety and environmental stewardship. Read More
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 (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 (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 (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 (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 (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 (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 (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.”
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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 Morgan Stanley Energy & Power Conference on March 6, 2025.
Hess Midstream LP (NYSE: HESM) (“HESM”) today announced the upsizing and pricing of the previously announced underwritten public offering of an aggregate 11,000,000 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 $39.45 per Class A share. The offering was upsized from the previously announced offering of 10,000,000 Class A shares. The Selling Shareholder has granted the underwriter a 30-day option to purchase up to 1,650,000 additional Class A shares.
Hess Midstream LP (NYSE: HESM) (“HESM”) today announced the commencement of an underwritten public offering of an aggregate of 10,000,000 Class A shares representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners, a part of BlackRock (the “Selling Shareholder”). The Selling Shareholder intends to grant the underwriters a 30-day option to purchase up to 1,500,000 additional Class A shares. HESM will not receive any proceeds from the sale of Class A shares in the offering.
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, subject to the satisfaction of customary closing conditions.
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 LP (NYSE: HESM) (“Hess Midstream” or the "company") today reported fourth quarter 2024 net income of $172.1 million compared with net income of $152.8 million for the fourth quarter of 2023. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $70.4 million, or $0.68 basic earnings per Class A share, compared with $0.55 basic earnings per Class A share in the fourth quarter of 2023. Hess Midstream generated Adjusted EBITDA of $298.2 million. Net cash provided by operating activities was $258.5 million and Adjusted Free Cash Flow was $164.3 million.
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.
Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, January 29, 2025, at 12:00 p.m. Eastern Time to discuss its fourth quarter 2024 earnings release.
