Security
Hess Midstream LP Class A Share representing a limited partner Interest · HESM
HESMNYSECommon stockCurrentCIK 1789832Updated Nov 2, 2026
HESM price & chart
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NYSE:HESM on TradingView ↗About the company
Hess Midstream LP is a fee‑based, growth-oriented midstream company that owns, operates, develops and acquires a diverse set of midstream assets to provide services to Chevron, its subsidiaries, and third‑party customers. Hess Midstream owns oil, gas and produced water handling assets that are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. More information is available at www.hessmidstream.com .
In the news
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Recent filings
Results of Operations and Financial Condition
Items 2.02, 9.01
SCHEDULE 13G - filed by Bank of New York Mellon Corp regarding Hess Midstream LP
SCHEDULE 13D/A - filed by Hess Investments North Dakota LLC regarding Hess Midstream LP
Entry into a Material Definitive Agreement · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure · Other Events
Items 1.01, 5.02, 7.01, 8.01, 9.01
SCHEDULE 13G/A - filed by ALPS ADVISORS INC regarding Hess Midstream LP
Show 5 more recent filings
SD filing
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 4,437,700,000Source | 4,146,900,000Source | 4,256,600,000Source | 4,423,100,000Source | 4,050,100,000Source | 4,317,200,000Source | 4,263,600,000Source | 3,862,800,000Source | 4,388,300,000Source | 4,151,000,000Source | 3,789,500,000Source | 3,588,200,000Source |
| Property, Plant and Equipment, NetUSD | 3,376,300,000Source | 3,291,800,000Source | 3,298,700,000Source | 3,344,700,000Source | 3,237,300,000Source | 3,322,100,000Source | 3,324,400,000Source | 3,215,000,000Source | 3,369,800,000Source | 3,325,400,000Source | 3,229,200,000Source | 3,172,800,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 5,500,000Source | 10,300,000Source | 5,000,000Source | 4,500,000Source | 99,600,000Source | 4,600,000Source | 6,100,000Source | 4,200,000Source | 1,900,000Source | 4,300,000Source | 5,400,000Source | 3,100,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 145,400,000Source | 127,600,000Source | 142,900,000Source | 138,400,000Source | 109,700,000Source | 149,300,000Source | 136,700,000Source | 127,800,000Source | 143,500,000Source | 135,300,000Source | 122,500,000Source | — |
| Assets, CurrentUSD | 168,200,000Source | 154,200,000Source | 157,200,000Source | 150,900,000Source | 214,100,000Source | 165,800,000Source | 150,100,000Source | 139,300,000Source | 159,000,000Source | 149,400,000Source | 136,800,000Source | 132,300,000Source |
| Other Assets, NoncurrentUSD | 4,700,000Source | 7,000,000Source | 4,000,000Source | 5,400,000Source | 7,700,000Source | 4,700,000Source | 6,100,000Source | 8,400,000Source | 4,100,000Source | 6,400,000Source | 8,600,000Source | 11,300,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 4,011,200,000Source | 3,705,100,000Source | 3,868,600,000Source | 3,915,500,000Source | 3,647,500,000Source | 3,942,400,000Source | 3,750,700,000Source | 3,481,100,000Source | 3,950,400,000Source | 3,685,700,000Source | 3,426,300,000Source | 3,059,200,000Source |
| Liabilities and EquityUSD | 4,437,700,000Source | 4,146,900,000Source | 4,256,600,000Source | 4,423,100,000Source | 4,050,100,000Source | 4,317,200,000Source | 4,263,600,000Source | 3,862,800,000Source | 4,388,300,000Source | 4,151,000,000Source | 3,789,500,000Source | 3,588,200,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 224,300,000Source | 220,900,000Source | 204,000,000Source | 213,500,000Source | 192,200,000Source | 181,200,000Source | 186,100,000Source | 157,200,000Source | 187,800,000Source | 219,300,000Source | 210,200,000Source | 159,500,000Source |
| Accounts Payable, CurrentUSD | 53,000,000Source | 44,900,000Source | 29,200,000Source | 44,200,000Source | 41,800,000Source | 22,800,000Source | 39,700,000Source | 21,200,000Source | 26,900,000Source | 33,500,000Source | 41,200,000Source | — |
| Deferred Income Tax Liabilities, NetUSD | 500,000Source | 500,000Source | 500,000Source | 500,000Source | 400,000Source | 500,000Source | 500,000Source | 400,000Source | 500,000Source | 500,000Source | 500,000Source | 500,000Source |
| Other Liabilities, NoncurrentUSD | 21,500,000Source | 13,900,000Source | 21,600,000Source | 14,600,000Source | 12,100,000Source | 23,700,000Source | 17,300,000Source | 13,100,000Source | 22,600,000Source | 16,500,000Source | 16,700,000Source | 16,100,000Source |
| Additional Financial Items | ||||||||||||
| Accrued Liabilities, CurrentUSD | 89,900,000Source | 103,600,000Source | 97,500,000Source | 102,200,000Source | 88,100,000Source | 88,500,000Source | 91,800,000Source | 86,100,000Source | 89,400,000Source | 93,800,000Source | 105,900,000Source | 82,900,000Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — | — | — | — | — | —Source | —Source | —Source | —Source |
| Long-term Debt, Current MaturitiesUSD | 30,000,000Source | 20,000,000Source | 37,500,000Source | 27,500,000Source | 17,500,000Source | 35,000,000Source | 25,000,000Source | 15,000,000Source | 32,500,000Source | 22,500,000Source | 12,500,000Source | 2,500,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 3,764,900,000Source | 3,469,800,000Source | 3,642,500,000Source | 3,686,900,000Source | 3,442,800,000Source | 3,737,000,000Source | 3,546,800,000Source | 3,310,400,000Source | 3,739,500,000Source | 3,449,400,000Source | 3,198,900,000Source | 2,883,100,000Source |
| Partners' CapitalUSD | 572,500,000Source | — | 514,600,000Source | 635,000,000Source | — | 518,000,000Source | 601,300,000Source | — | 568,300,000Source | 530,700,000Source | — | — |
| Partners' Capital, Including Portion Attributable to Noncontrolling InterestUSD | 426,500,000Source | 441,800,000Source | 388,000,000Source | 507,600,000Source | 402,600,000Source | 374,800,000Source | 512,900,000Source | 381,700,000Source | 437,900,000Source | 465,300,000Source | 363,200,000Source | 529,000,000Source |
| Deferred Revenue, Current | — | — | —Source | — | — | —Source | — | — | — | — | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | 175,500,000Source | 164,700,000Source | 173,700,000Source | 179,700,000Source | 157,700,000Source | 161,400,000Source | 684,600,000Source | 659,000,000Source | 607,700,000Source | 620,600,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 200,000Source | 300,000Source | 1,600,000Source | 1,800,000Source | 1,700,000Source | 1,600,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | 200,000Source | 400,000Source | 3,100,000Source | 1,700,000Source | — | — |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | 28,200,000Source | 22,900,000Source | 113,700,000Source | 71,600,000Source | 37,900,000Source | 26,600,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 253,300,000Source | 202,400,000Source | 983,800,000Source | 940,300,000Source | 866,400,000Source | 861,100,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -28,800,000Source | -45,500,000Source | -255,600,000Source | -306,100,000Source | -223,500,000Source | -238,200,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 28,800,000Source | 45,500,000Source | 255,600,000Source | 306,100,000Source | 223,500,000Source | 238,200,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | 60,000,000Source | 100,000,000Source | 400,000,000Source | 300,000,000Source | 400,000,000Source | 400,000,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -221,800,000Source | -155,100,000Source | -730,600,000Source | -635,300,000Source | -640,600,000Source | -622,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 2,700,000Source | 1,800,000Source | -2,400,000Source | -1,100,000Source | 2,300,000Source | 900,000Source |
| Additional Financial Items | ||||||||||||
| Amortization of Debt Issuance CostsUSD | — | — | — | — | — | — | 3,000,000Source | 4,900,000Source | 14,100,000Source | 9,600,000Source | 8,400,000Source | 8,800,000Source |
| DepreciationUSD | — | — | 56,600,000Source | 51,500,000Source | 54,400,000Source | 51,800,000Source | 58,500,000Source | 51,500,000Source | 214,100,000Source | 203,100,000Source | 192,500,000Source | 181,300,000Source |
| General and Administrative ExpenseUSD | — | — | 7,300,000Source | 6,300,000Source | 5,500,000Source | 8,100,000Source | 7,900,000Source | 7,500,000Source | 28,500,000Source | 26,100,000Source | 26,200,000Source | 23,100,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | 5,200,000Source | 3,700,000Source | 6,100,000Source | 4,000,000Source | 3,200,000Source | 3,400,000Source | 15,900,000Source | 14,000,000Source | 7,700,000Source | 5,300,000Source |
| Income Tax Expense (Benefit)USD | — | — | 31,500,000Source | 18,900,000Source | 31,100,000Source | 29,100,000Source | 28,200,000Source | 23,000,000Source | 113,800,000Source | 71,800,000Source | 37,900,000Source | 26,600,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 97,700,000Source | 58,600,000Source | 96,400,000Source | 90,300,000Source | 87,600,000Source | 71,600,000Source | 352,900,000Source | 223,100,000Source | 118,600,000Source | 83,900,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 77,800,000Source | 106,100,000Source | 77,300,000Source | 89,400,000Source | 70,100,000Source | 89,800,000Source | 331,700,000Source | 435,900,000Source | 489,100,000Source | 536,700,000Source |
| Operating Costs and ExpensesUSD | — | — | 98,100,000Source | 89,000,000Source | 85,900,000Source | 94,100,000Source | 85,600,000Source | 85,600,000Source | 370,600,000Source | 347,300,000Source | 313,000,000Source | 279,600,000Source |
| Payments of Financing CostsUSD | — | — | — | — | — | — | 0Source | 11,400,000Source | 12,500,000Source | 9,500,000Source | — | 13,300,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | 419,600,000Source | 377,600,000Source | 397,700,000Source | 413,500,000Source | 388,700,000Source | 381,000,000Source | 1,617,200,000Source | 1,491,900,000Source | 1,346,100,000Source | 1,273,200,000Source |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 420,900,000Source | 378,500,000Source | 399,000,000Source | 414,200,000Source | 390,100,000Source | 382,000,000Source | 1,621,300,000Source | 1,495,500,000Source | 1,348,600,000Source | 1,275,200,000Source |
| Operating Income (Loss)USD | — | — | 258,900,000Source | 231,700,000Source | 253,200,000Source | 260,200,000Source | 238,100,000Source | 237,400,000Source | 1,008,100,000Source | 919,000,000Source | 816,900,000Source | 791,200,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 207,000,000Source | 183,600,000Source | 204,800,000Source | 208,800,000Source | 185,900,000Source | 184,400,000Source | 798,400,000Source | 730,800,000Source | 645,600,000Source | 647,200,000Source |
| Income Tax Expense (Benefit)USD | — | — | 31,500,000Source | 18,900,000Source | 31,100,000Source | 29,100,000Source | 28,200,000Source | 23,000,000Source | 113,800,000Source | 71,800,000Source | 37,900,000Source | 26,600,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 77,800,000Source | 106,100,000Source | 77,300,000Source | 89,400,000Source | 70,100,000Source | 89,800,000Source | 331,700,000Source | 435,900,000Source | 489,100,000Source | 536,700,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 97,700,000Source | 58,600,000Source | 96,400,000Source | 90,300,000Source | 87,600,000Source | 71,600,000Source | 352,900,000Source | 223,100,000Source | 118,600,000Source | 83,900,000Source |
| Additional Financial Items | ||||||||||||
| Costs and ExpensesUSD | — | — | 162,000,000Source | 146,800,000Source | 145,800,000Source | 154,000,000Source | 152,000,000Source | 144,600,000Source | 613,200,000Source | 576,500,000Source | 531,700,000Source | 484,000,000Source |
| General and Administrative ExpenseUSD | — | — | 7,300,000Source | 6,300,000Source | 5,500,000Source | 8,100,000Source | 7,900,000Source | 7,500,000Source | 28,500,000Source | 26,100,000Source | 26,200,000Source | 23,100,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | 5,200,000Source | 3,700,000Source | 6,100,000Source | 4,000,000Source | 3,200,000Source | 3,400,000Source | 15,900,000Source | 14,000,000Source | 7,700,000Source | 5,300,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | — | — | -57,100,000Source | -51,800,000Source | -54,500,000Source | -55,400,000Source | -55,400,000Source | -56,400,000Source | -225,600,000Source | -202,200,000Source | -179,000,000Source | -149,300,000Source |
| Operating Costs and ExpensesUSD | — | — | 98,100,000Source | 89,000,000Source | 85,900,000Source | 94,100,000Source | 85,600,000Source | 85,600,000Source | 370,600,000Source | 347,300,000Source | 313,000,000Source | 279,600,000Source |
| Other IncomeUSD | — | — | 1,300,000Source | 900,000Source | 1,300,000Source | 700,000Source | 1,400,000Source | 1,000,000Source | 4,100,000Source | 3,600,000Source | 2,500,000Source | 2,000,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | 419,600,000Source | 377,600,000Source | 397,700,000Source | 413,500,000Source | 388,700,000Source | 381,000,000Source | 1,617,200,000Source | 1,491,900,000Source | 1,346,100,000Source | 1,273,200,000Source |
Filing attachments
hesm-ex99_1.htm · 8-K · 2026-10-30
Exhibit 99.1 HESS MIDSTREAM LP HESS MIDSTREAM LP REPORTS ESTIMATED RESULTS FOR THE THIRD QUARTER OF 2026 Third Quarter 2026 Highlights: • Net income was $179.1 million. Net cash provided by operating activities was $267.9 million. • Net income attributable to Hess Midstream LP was $99.4 million, or $0.77 basic earnings per Class A share, after deduction for noncontrolling interests. • Adjusted EBITDA1 was $319.9 million and Adjusted Free Cash Flow1 was $247.9 million. • Increased quarterl…
Read attachment ↗d401552dex991.htm · 8-K · 2026-10-08
Exhibit 99.1 Hess Midstream LP Announces Transformative Transaction Leading to New Independent Multi-basin Midstream Company October 6, 2026 Highlights: Hess Midstream LP and Chevron have executed a definitive agreement that will establish Hess Midstream LP as an independent, multi-basin midstream company. The transaction includes the following: Hess Midstream LP will acquire Chevron’s crude oil and natural gas gathering and storage assets in the Denver Julesburg (“DJ”) Basin, inclu…
Read attachment ↗hesm-ex99_1.htm · 8-K · 2026-08-03
EX-99.1 2 hesm-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 HESS MIDSTREAM LP HESS MIDSTREAM LP REPORTS ESTIMATED RESULTS FOR THE SECOND QUARTER OF 2026 Second Quarter 2026 Highlights: • Net income was $173.7 million. Net cash provided by operating activities was $278.6 million. • Net income attributable to Hess Midstream LP was $96.4 million, or $0.75 basic earnings per Class A share, after deduction for noncontrolling interests. • Adjusted EBITDA1 was $313.7 million and Adjusted Free Cas…
Read attachment ↗hesm-ex99_1.htm · 8-K · 2026-05-04
EX-99.1 2 hesm-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 HESS MIDSTREAM LP HESS MIDSTREAM LP REPORTS ESTIMATED RESULTS FOR THE FIRST QUARTER OF 2026 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 …
Read attachment ↗hesm-ex99_1.htm · 8-K · 2026-02-02
Exhibit 99.1 HESS MIDSTREAM LP HESS MIDSTREAM LP REPORTS ESTIMATED RESULTS FOR THE FOURTH QUARTER OF 2025 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 quarte…
Read attachment ↗d102303dex991.htm · 8-K · 2026-01-30
Exhibit 99.1 FIRST AMENDMENT TO THE THIRD AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF HESS MIDSTREAM OPERATIONS LP This First Amendment to the Third Amended and Restated Agreement of Limited Partnership of Hess Midstream Operations LP, a Delaware limited partnership (the “Partnership” and such amendment, this “Amendment”), is made and entered into effective as of January 26, 2026, by Hess Midstream Partners GP LP, a Delaware limited partnership, as the sole general partner of…
Read attachment ↗