HESM SEC Filings - Hess Midstream P 10-K, 10-Q, 8-K Forms
This page provides a comprehensive resource for Hess Midstream P (HESM) SEC filings, including annual 10-K reports, quarterly 10-Q reports, 8-K material event forms, and insider trading information. The article details how these documents offer insights into the company's fee-based midstream business, governance changes, and financial performance. It also highlights Stock Titan's AI-powered summaries for quick analysis of these regulatory disclosures.
Director at Hess Midstream (NYSE: HESM) gains Class A and phantom shares
Hess Midstream director David W. Niemiec reported routine equity compensation involving the exercise of 1,612 2025 phantom shares into Class A shares and a grant of 1,656 new 2026 phantom shares. These transactions are part of his director compensation and resulted in him directly holding 50,527 Class A shares and 1,656 phantom shares. The phantom shares are economically equivalent to Class A shares, with the 2025 shares vesting on March 8, 2026, and the 2026 shares vesting on March 8, 2027.
Hess Midstream (HESM) director logs phantom share exercise and new grant
Stephen J.J. Letwin, a director at Hess Midstream LP (HESM), recently engaged in routine equity compensation activities. He exercised 1,612 phantom shares from 2025 into Class A shares at no cost, increasing his direct holdings to 32,423 shares. Additionally, Letwin received a new grant of 1,656 phantom shares for 2026, which are set to vest on March 8, 2027.
Hess Midstream (NYSE: HESM) COO settles phantom shares, updates holdings
Hess Midstream LP President and COO Michael Scott Bast reported the cashless settlement of phantom share awards into Class A shares. He exercised derivative awards for 3,445 Class A shares, with 893 shares withheld for tax obligations at $38.92 per share. Following these transactions, Bast directly holds 3,352 Class A shares, with remaining phantom shares scheduled to vest in 2027 and 2028.
Hess Midstream (HESM) CEO settles phantom shares and nets Class A stock
Hess Midstream LP CEO Jonathan C. Stein recently settled 2,066 phantom shares, converting them into Class A shares. Following this, 1,048 Class A shares were withheld to cover tax obligations, leaving him with 60,963 directly held Class A shares. He retains 4,133 phantom shares that will vest ratably in March 2027 and March 2028.
Hess Midstream makes $200M repurchase transactions
Hess Midstream has completed $200 million in share repurchase transactions. This move is part of the company's broader financial strategy to return capital to shareholders. The repurchases demonstrate management's confidence in the company's valuation and future prospects.
Hess Midstream (NYSE: HESM) director gets 1,656 new phantom shares
Hess Midstream LP director J Patrick Reddy converted 1,612 2025 phantom shares into Class A shares at an exercise price of $0.00, which vested on March 8, 2026. On the same day, he received a grant of 1,656 new 2026 phantom shares scheduled to vest on March 8, 2027. Following these transactions, Reddy holds 24,437 Class A shares directly and 1,656 phantom shares.
Hess Midstream Announces $60 Million Share, Unit Repurchase Deal
Hess Midstream LP has announced a $60 million share and unit repurchase, including equity from Chevron and public shareholders, aimed at increasing distributable cash flow per share. This move is part of its financial strategy to boost shareholder returns and debt repayment, with a target of at least 5% annual distribution growth through 2028. The company will fund the repurchases through its revolving credit facility, adjusting ownership stakes post-transaction.
Hess Midstream Announces Unit Repurchase and Share Buyback
Hess Midstream announced a unit repurchase from a Chevron affiliate and a $42 million accelerated share repurchase program. These actions aim to cancel securities, enhance distributable cash flow per Class A share, and support the company's objective of exceeding its 5% annual distribution growth target through 2028. An analyst maintains a Buy rating for HESM stock with a $42.00 price target.
$60M Hess Midstream (NYSE: HESM) buyback targets sponsor units and public shares
Hess Midstream LP has approved a $60 million equity repurchase program, targeting both sponsor-held Class B units and publicly traded Class A shares. This includes an $18 million buyback of 455,811 Class B units from a Chevron affiliate and a $42 million accelerated share repurchase of Class A shares with JPMorgan. The company expects these actions to support its goal of at least 5% annual distribution growth through 2028 and maintain significant financial flexibility.
Hess Midstream LP Announces Signing of Accretive $60 Million Repurchase From Sponsor and the Public
Hess Midstream LP announced a $60 million repurchase, including Class B units from an affiliate of Chevron and Class A shares from the public. This repurchase is expected to increase distributable cash flow per Class A share, supporting distribution growth of at least 5% through 2028. The company anticipates having approximately $1 billion in financial flexibility through 2028 for further shareholder returns and debt repayment.
Hess Midstream LP announces accretive $60M repurchase
Hess Midstream LP announced a $60 million repurchase program, including $18 million in Class B units from a Chevron affiliate and $42 million in Class A shares from the public through an accelerated share repurchase agreement with JPMorgan Chase Bank. The company anticipates these repurchases will increase distributable cash flow per Class A share, supporting an annual distribution growth target of at least 5% through 2028. This move aligns with Hess Midstream's return of capital framework and was unanimously approved by its board of directors and an independent conflicts committee.
Will New Shelf Registration for Equity Issuance Change Hess Midstream's (HESM) Narrative?
Hess Midstream LP (HESM) recently filed an omnibus shelf registration, allowing it to issue new equity securities for financial flexibility. While this filing supports future growth, balance sheet goals, or ownership changes, it doesn't significantly alter the company's reliance on Bakken volumes and Hess/Chevron activity. Investors should weigh this expanded financing flexibility against the existing investment narrative, which includes predictable fee-based income and specific concentration risks.
Hess Midstream (HESM) files S-3 shelf to offer Class A and Preferred Shares
Hess Midstream LP has filed an S-3 shelf registration statement with the SEC to allow for the future offering of Class A Shares and Preferred Shares. This filing enables the company to issue securities periodically, with specific terms, amounts, and underwriters to be detailed in subsequent prospectus supplements. The document also confirms that Chevron became HESM's sponsor on July 18, 2025, and that for U.S. federal tax purposes, HESM is treated as a corporation, meaning distributions on Class A Shares are considered dividends.
Hess Midstream Files For Offering Of Class A Shares Representing Lp Interests
Hess Midstream has announced its filing for an offering of Class A shares, which represent limited partnership interests. This news, reported by Reuters, indicates a move by Hess Midstream concerning its equity structure and potential capital raising.
Harvest and Blackstone disclose 5.1% Hess Midstream stake (HESM)
Harvest Fund Advisors and affiliated Blackstone entities have reported a 5.1% stake in Hess Midstream LP, totaling 6,528,473 Class A shares. This ownership, disclosed in a SCHEDULE 13G filing, is channeled through various Blackstone holding and management entities, with ultimate control traced to Stephen A. Schwarzman. Despite the beneficial ownership through control relationships, all reporting persons disclaim direct beneficial ownership and state that the acquisition was not intended to influence control of Hess Midstream, except for activities related to a proxy rule nomination.
How Investors Are Reacting To Hess Midstream (HESM) Stronger Q4 Earnings And Improved Profitability Metrics
Hess Midstream (HESM) reported stronger Q4 2025 earnings, with increased revenue and net income, alongside a higher cash distribution. This performance reinforces the company's investment narrative, which relies on fee-based contracts and the Bakken's long-term relevance. While the improved profitability is appealing to income-focused investors, the company's dependency on Chevron's drilling decisions remains a key risk.
Should Hess Midstream’s Higher Payout and Office Shift Require Action From Hess Midstream (HESM) Investors?
Hess Midstream LP recently reported its Q4 2025 results, showing increased revenue and net income, alongside a higher quarterly cash distribution of US$0.7641 per Class A share. The article discusses how these financial updates and administrative changes to principal offices impact Hess Midstream's investment narrative, emphasizing its high leverage, funding risks for its generous yield, and the divergence in fair value estimates from the Simply Wall St Community.
Results: Hess Midstream LP Beat Earnings Expectations And Analysts Now Have New Forecasts
Hess Midstream LP (NYSE: HESM) recently reported its annual earnings, surpassing profit expectations with US$2.86 per share, though revenues were in line with forecasts. Analysts have since revised their 2026 EPS forecasts slightly downward to US$2.56, while revenue estimates remain steady at US$1.61 billion, which is a decline from historical growth. Despite the adjusted earnings outlook, the consensus price target for HESM held at US$36.83, suggesting analysts do not anticipate a commensurate drop in stock price.
Hess Midstream (HESM) Margin Jump To 21.8% Challenges Cautious Narratives On Profitability
Hess Midstream (HESM) reported strong financial results for FY 2025, with a significant jump in net margins to 21.8% from 14.9% a year prior. While revenue growth was modest, earnings per share outpaced it due to improved profitability and efficiency. Despite this earnings strength and a discounted valuation, some investors remain cautious due to high debt levels and concerns about dividend coverage.
Hess Midstream LP Reports Estimated Results for Q4 2025
Hess Midstream LP announced its estimated financial results for Q4 2025, reporting a net income of $168.0 million and an Adjusted EBITDA of $309.1 million. Despite a decrease in throughput volumes due to severe weather, the company completed its infrastructure buildout, leading to significantly lower capital expenditures and an increased quarterly cash distribution. Management expressed confidence in future performance, reiterating its full-year 2026 guidance as Chevron acquired a substantial indirect interest in the company.
Hess Midstream LP Reports Estimated Results for the Fourth Quarter of 2025
Hess Midstream LP reported its estimated results for the fourth quarter of 2025, with net income at $168.0 million and Adjusted EBITDA at $309.1 million. The company increased its quarterly cash distribution to $0.7641 per Class A share and reaffirmed its full-year 2026 guidance. Operational highlights included a new compressor station placement and a decrease in throughput volumes due to severe winter weather, while capital expenditures significantly dropped following the completion of an expansion project.
Does Hess Midstream’s Higher Payout Shift The Income Case For HESM?
Hess Midstream LP recently announced a higher quarterly cash distribution of US$0.7641 per Class A share, reflecting the partnership's focus on investor returns and confidence in its cash generation. While this reinforces HESM's income-first investment narrative, it also highlights existing risks such as tight dividend coverage, high leverage, and the tenure of the new management team. Investors are encouraged to consider multiple perspectives on the company's valuation given the divergence in fair value estimates and the combination of high debt with generous distributions.
Hess Midstream's (NYSE:HESM) Shareholders Will Receive A Bigger Dividend Than Last Year
Hess Midstream (NYSE:HESM) is increasing its dividend to $0.7641, resulting in an 8.5% yield. However, concerns are raised about the sustainability of future payments as the dividend currently exceeds profits and cash flow, with EPS forecast to fall. Despite a solid dividend growth track record over 9 years, the high payout ratio suggests potential challenges in maintaining or increasing the dividend moving forward.
Hess Midstream targets 5%+ yearly payout growth through 2028
Hess Midstream LP announced an increase in its quarterly cash distribution to $0.7641 per Class A share, reflecting a differentiated cash flow stability and commitment to shareholder returns. The company targets an annual distribution per Class A share growth of at least 5% through 2028, supported by expected Adjusted Free Cash Flow growth. This strategy also aims to provide financial flexibility for incremental shareholder returns and debt repayment.
Hess Midstream LP raise quarterly distribution to 76.41c per share
Hess Midstream LP has announced an increase in its quarterly cash distribution to 76.41 cents per Class A share for Q4 2025, up 0.93 cents from the previous quarter. The CEO, Jonathan Stein, stated that this increase reflects the company's strong cash flow stability and commitment to returning capital to shareholders. Hess Midstream anticipates achieving at least 5% annual distribution growth per Class A share through 2028, supported by expected Adjusted Free Cash Flow growth.
Hess Midstream LP Announces Distribution Per Share Level Increase
Hess Midstream LP announced a quarterly cash distribution increase of $0.0093 per Class A share, raising it to $0.7641. This increase, payable on February 13, 2026, reflects the company's commitment to returning capital to shareholders and is supported by expected Adjusted Free Cash Flow growth through 2028. Hess Midstream aims for an annual distribution per Class A share growth of at least 5% through 2028.
Hess Midstream LP Announces Distribution Per Share Level Increase
Hess Midstream LP announced a quarterly cash distribution increase to $0.7641 per Class A share for the quarter ending December 31, 2025, which represents a $0.0093 increase from the previous quarter. The company's CEO, Jonathan Stein, emphasized that this increase underscores their stable cash flow and commitment to shareholder returns, with a target of at least 5% annual distribution growth through 2028. The distribution is scheduled for payment on February 13, 2026, to shareholders of record as of February 5, 2026.
Hess Midstream LP Schedules Earnings Release Conference Call
Hess Midstream LP (NYSE: HESM) announced it will host a conference call on Monday, February 2, 2026, at 10:00 a.m. Eastern Time to discuss its fourth quarter 2025 earnings. Participants can register for a unique PIN and dial-in number, or access a webcast of the call on the company's website. Hess Midstream is a fee-based, growth-oriented midstream company operating in the Bakken and Three Forks Shale plays.
Hess Midstream LP Announces 2026 Guidance, Extends Return of Capital Program
Hess Midstream LP has released its financial and operational guidance for 2026, projecting net income of $650-$700 million and Adjusted EBITDA of $1,225-$1,275 million. The company expects relatively flat throughput volumes in oil and gas in 2026, with an annualized growth of approximately 1.5% in gas throughput volumes through 2028. Hess Midstream is also extending its return of capital program, targeting annual distribution per Class A share growth of at least 5% through 2028, funded by anticipated Adjusted Free Cash Flow.
Hess Midstream LP provides long-term financial guidance
Hess Midstream LP has released long-term financial guidance, anticipating approximately 5% annualized growth in net income and Adjusted EBITDA through 2028 from 2026 levels. The company expects significant reductions in capital expenditures starting in 2027 and aims for dividend growth of at least 5% annually, fully funded by Adjusted Free Cash Flow. Additionally, Hess Midstream plans to generate about $1 billion in Adjusted Free Cash Flow after distributions for shareholder returns and debt repayment, targeting leverage below 3x Adjusted EBITDA.
Hess Midstream (NYSE: HESM) guides 2026 EBITDA to $1.225B–$1.275B, plans $1B excess FCF
Hess Midstream LP has released its 2026 financial and operational guidance, projecting net income between $650M and $700M and Adjusted EBITDA between $1.225B and $1.275B. The company plans to significantly reduce capital expenditures to $150M in 2026 and further to less than $75M annually through 2028. Hess Midstream anticipates generating approximately $1 billion in Adjusted Free Cash Flow after Distributions through 2028, available for shareholder returns and debt repayment, while targeting annual distribution growth of at least 5%.
Hess Midstream LP Class A Representing Limited Partner Interests (HESM) Stock Price | Live Quotes & Charts | NYSE
This article provides live quotes and charts for Hess Midstream LP Class A Representing Limited Partner Interests (HESM), showing its current stock price and daily change. It also includes sections for analyst ratings and earnings information, although specific data for these categories is currently unavailable. The article appears to be part of a trading platform offering stock analysis and alerts.
Hess Midstream LP Reports Estimated Results for the Third Quarter of 2025
Hess Midstream LP reported strong estimated financial results for the third quarter of 2025, with net income rising to $175.5 million and diluted EPS reaching $0.75 per Class A share. The company also saw significant operational growth, including a 10% increase in gas processing throughput, and completed share repurchases while increasing its quarterly cash distribution. Looking ahead, Hess Midstream projects continued strong financial performance for the fourth quarter and reaffirms its full-year 2025 guidance.
Hess Midstream LP Announces Distribution Per Share Level Increase
Hess Midstream LP has announced an increased quarterly cash distribution of $0.7548 per Class A share, reflecting a $0.0178 increase from the previous quarter. This rise is attributed to strong Adjusted Free Cash Flow following significant unit and share repurchases, with the company targeting at least 5% annual distribution growth through 2027. The distribution is payable on November 14, 2025, to shareholders of record as of November 6, 2025.
High Dividend 50: Hess Midstream LP
Hess Midstream LP (HESM) is a high-yield midstream energy company included in the 'High Dividend 50' series, offering stable fee-based revenue from operations in the Williston Basin. The company reported strong Q3 2025 results with increased net income and distributions, driven by higher throughput volumes and strategic expansions. HESM exhibits strong growth potential from volume increases and inflation-linked fee hikes, supporting expected EBITDA growth of over 10% annually and distribution growth of at least 5% through 2027.
Hess Midstream LP Reports Estimated Results for the Third Quarter of 2025
Hess Midstream LP reported strong third-quarter 2025 results, with net income of $175.5 million and Adjusted EBITDA of $320.7 million. The company completed accretive share repurchases, increased its quarterly cash distribution, and saw significant throughput volume increases across its operations. Hess Midstream LP also provided fourth-quarter 2025 guidance, expecting net income between $170-$180 million and Adjusted EBITDA between $315-$325 million, while reducing its full-year capital expenditure guidance.
HESS MIDSTREAM LP - CLASS A (NYSE:HESM) Q3 2025 Earnings Beat Estimates, Raises Distribution
Hess Midstream LP (NYSE:HESM) reported Q3 2025 earnings per share of $0.75, surpassing analyst estimates, despite a slight revenue shortfall with total revenues of $420.9 million. The company raised its quarterly cash distribution to $0.7548 per Class A share and provided strong full-year 2025 guidance for net income and Adjusted EBITDA, while updating capital expenditure plans. These results signal solid operational execution and a confident capital return strategy, supported by a recent S&P investment grade debt upgrade.
Hess Midstream LP raises quarterly distribution to 75.48c per class A share
Hess Midstream LP announced an increase in its quarterly cash distribution to 75.48 cents per Class A share for Q3 2025, an increase of 1.78 cents from the previous quarter. This rise is attributed to excess Adjusted Free Cash Flow after distributions, following significant unit repurchases. The company targets at least 5% annual distribution growth through 2027, supported by expected Adjusted Free Cash Flow growth.
Hess Midstream LP Schedules Earnings Release Conference Call
Hess Midstream LP announced that it will host a conference call on Monday, November 3, 2025, at 10:00 a.m. Eastern Time to discuss its third-quarter 2025 earnings results. Interested participants can register in advance for a unique PIN and dial-in number or access the webcast on Hess Midstream’s website. The company also provided forward-looking statements and contact information for investor inquiries.
(HESM) Movement as an Input in Quant Signal Sets - news.stocktradersdaily.com
This article from Stock Traders Daily provides an AI-driven analysis for Hess Midstream Lp Class A Share (NASDAQ: HESM), indicating choppy conditions due to divergent sentiment across various time horizons and elevated downside risk. It presents key findings, institutional trading strategies (Long, Breakout, Short), and multi-timeframe signal analyses with specific entry, target, and stop-loss levels. The report emphasizes the use of predictive AI to generate real-time trading signals and risk management parameters.
Hess Midstream Forms Death Cross, Signaling Potential Bearish Trend Ahead - Markets Mojo
Hess Midstream LP has experienced a "Death Cross" technical event, where its short-term moving average crossed below its long-term moving average, signaling a potential bearish trend. Current technical indicators for Hess Midstream LP (HESM) are predominantly bearish, with the stock underperforming the S&P 500 significantly over the past year and year-to-date. Investors are closely monitoring these trends to assess the company's future trajectory.
Hess Midstream LP Stock Plummets to New 52-Week Low of $31.63 - Markets Mojo
Hess Midstream LP (HESM) stock recently hit a new 52-week low of $31.63, reflecting an 8.11% decline in its one-year performance. The company, a small-cap player in the oil industry with a market capitalization of $8,413 million, shows strong efficiency in generating profits with a return on equity of 106.76% but also carries a high debt-to-equity ratio of 5.84 and offers no dividend yield. This downturn contrasts with the S&P 500's 14.44% gain over the same period, highlighting volatility in Hess Midstream's price performance.
Hess Midstream LP Stock Plummets to New 52-Week Low at $31.64 - Markets Mojo
Hess Midstream LP's stock has fallen to a new 52-week low of $31.64 as of October 13, 2025. The company, a small-cap oil entity with a market capitalization of $8,413 million, has experienced a 7.71% decline over the past year, in contrast to the S&P 500's 13.36% gain. Despite a high debt-to-equity ratio of 5.84, it maintains a strong return on equity of 106.76%.
UBS lowers Hess Midstream stock price target to $34 on Bakken rig reduction - Investing.com Canada
UBS has lowered its stock price target for Hess Midstream to $34.00, down from the previous $36.00, while maintaining a Neutral rating on the stock. This adjustment is attributed to a reduction in the estimated rig count in the Bakken region. The firm noted that current natural gas processing levels exceed HESM's capacity, and despite potential expansion needs, UBS anticipates a decrease in midstream volumes by 2026.
Hess Midstream Expects Lower Activity in Guidance Update
Hess Midstream LP has updated its financial and operational guidance for 2025-2027, anticipating a reduction in Bakken rig activity by Chevron, which will decrease from four to three drilling rigs starting in Q4 2025. This change means oil throughput volumes are now expected to plateau in 2026, though gas throughput volumes are still projected to grow through at least 2027. The company forecasts significantly lower capital spending in 2026 and 2027 due to the suspension of the Capa gas plant project, while still expecting continued adjusted EBITDA and free cash flow growth.
Hess Midstream LP Announces Updated Guidance
Hess Midstream LP has updated its financial and operational guidance for 2025, 2026, and 2027, anticipating a decrease in Bakken drilling rig activity by Chevron. The company expects long-term growth in gas throughput volumes but a plateau in oil volumes from 2026, with relatively flat Adjusted EBITDA in 2026 followed by growth in 2027. Hess Midstream is also lowering capital spending projections for 2026 and 2027 by suspending and removing the Capa gas plant project from its plans, while maintaining a commitment to shareholder returns and a long-term leverage target.
$100 Million Repurchase and Upgraded Guidance Boost Hess Midstream (HESM) Confidence
Hess Midstream LP (HESM) has announced a $100 million repurchase agreement and upgraded its full-year 2025 net income guidance, signaling confidence in its future growth. The repurchase includes both Class B units from Chevron Corporation and Class A shares from the public, while the company maintains significant financial flexibility for future shareholder returns. HESM's dividend yield is currently 6.89%.
Hess Midstream announces $100m repurchase of class B and class A shares
Hess Midstream has announced a $100 million share repurchase program, including $30 million in Class B units from an affiliate of Chevron and $70 million in Class A shares from the public. This initiative aims to increase distributable cash flow per Class A share and supports a minimum of 5% annual distribution growth through 2027. The company's CEO, Jonathan Stein, stated that these repurchases are part of an ongoing financial strategy to return capital to shareholders, with over $1.25 billion in financial flexibility remaining for future returns.
Hess Midstream Announces $100MM Share Repurchase
Hess Midstream (HESM) announced a $100 million stock repurchase from its Chevron affiliate, its sponsor, and the public, including publicly traded Class A shares. This move is part of the company's ongoing capital return strategy and was unanimously approved by its board of directors. The repurchase transactions will bring Chevron's ownership stake to 37.6%, and Hess Midstream expects to retain over $1.25 billion in financial flexibility through 2027 for potential future shareholder returns.
