{"filings":[{"id":95477,"accession_number":"0001193125-26-202613","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2026-05-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hess Midstream LP Reports Q1 2026 Results; Raises Free Cash Flow Guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income of $157.7M and adjusted EBITDA of $299.8M in Q1 2026.","Increased quarterly distribution to $0.7792 per Class A share, up $0.0151 from Q4 2025.","Repurchased $42M of Class A shares and $18M of Class B units in Q1 2026.","Cuts 2026 capex guidance to $105M; raises adjusted free cash flow guidance to $910-$960M.","Reaffirms full-year 2026 throughput, net income, and adjusted EBITDA guidance."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":390100000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108588,"accession_number":"0001193125-26-091542","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2026-03-04T23:59:59+00:00","items":["1.01","7.01","8.01","9.01"],"status":"ready","headline":"Hess Midstream announces $60M repurchase: $18M sponsor buyback + $42M ASR","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Repurchased 455,811 Class B units from Chevron affiliate at $39.49/unit for ~$18M.","Entered $42M ASR with JPMorgan to repurchase Class A shares; initial delivery of 744,492 shares.","Both repurchases funded via revolving credit facility; repurchased securities will be cancelled.","Post unit repurchase, public ownership ~62.2%, Chevron ~37.8%; expects increased distributable cash flow per share.","Reaffirms ~$1B financial flexibility through 2028 for incremental shareholder returns and debt repayment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108587,"accession_number":"0001193125-26-032732","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2026-02-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hess Midstream Q4 2025 EPS $0.72, Adj. EBITDA $309M, distribution raised to $0.7641","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $168M; diluted EPS $0.72 vs $0.68 in Q4 2024.","Adjusted EBITDA $309.1M; Adjusted Free Cash Flow $207.8M.","Quarterly cash distribution raised to $0.7641/share (+$0.0093 QoQ); payable Feb 13, 2026.","Throughput volumes down 4% oil, 1% gas, 5% water due to severe winter weather.","CapEx $47.6M, down 44% YoY; reaffirming FY 2026 and long-term guidance."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":1621300000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108586,"accession_number":"0001193125-26-031835","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2026-01-30T23:59:59+00:00","items":["5.03","8.01","9.01"],"status":"ready","headline":"Hess Midstream changes principal office, registered agent, and registered office","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Effective Jan 26, 2026, principal office moved to 1400 Smith Street, Houston, TX 77002.","Registered agent changed to Corporation Service Company; registered office to 251 Little Falls Drive, Wilmington, DE.","Amendments to partnership agreements and certificates filed to reflect the changes.","Exhibit B modified to show Hess Midstream LP address as c/o Chevron Corporation, same Houston address."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":125031,"accession_number":"0001193125-25-311959","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2025-12-09T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Hess Midstream director Walz resigns; McCarthy named Chair; Harrison appointed","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Andrew B. Walz resigned from the Board on Dec. 4, 2025, due to his appointment as an executive officer of Chevron; no disagreement with the Company.","Kristi H. McCarthy was designated Chairman of the Board, effective immediately.","Barbara F. Harrison appointed to fill the vacancy; she is VP, Crude Supply and Trading at Chevron U.S.A. Inc.","Ms. Harrison will not receive additional compensation from the Company for her board service."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":125030,"accession_number":"0001193125-25-261718","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2025-11-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hess Midstream Q3 net income $175.5M, EPS $0.75, dividend increased 2.4% QoQ","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $175.5M ($0.75 basic EPS) vs $164.7M ($0.63) in Q3 2024; adjusted EBITDA $320.7M.","Throughput volumes up 10% (gas processing), 7% (oil terminaling), 7% (water gathering) YoY.","Quarterly distribution raised to $0.7548/share (+$0.0178 QoQ); paid Nov 14 to record Nov 6.","Completed $70M Class A share repurchase and $30M Class B unit repurchase during Q3.","Full-year 2025 capex guidance reduced to ~$270M (Capa gas plant suspended); Q4 net income guided $170-180M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":1217100000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":141726,"accession_number":"0001193125-25-197236","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2025-09-05T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Hess Midstream appoints Michael S. Bast as President and COO, succeeding John A. Gatling","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["President and COO John A. Gatling resigns effective Sept 26, 2025; succeeded by Michael S. Bast on same date.","Bast, 49, previously served as Director of Upstream Operations at Hess since Nov 2022, overseeing Bakken production.","Bast joined Hess in 2007; earlier held roles at Chevron (1998-2006). Will become CUSA employee Oct 1, 2025.","Bast receives no additional compensation from Hess Midstream for his officer role; entitled to indemnification."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":141725,"accession_number":"0001193125-25-174531","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2025-08-06T23:59:59+00:00","items":["1.01","7.01","8.01","9.01"],"status":"ready","headline":"Hess Midstream announces $100M accretive repurchase of $30M sponsor units and $70M ASR of Class A shares","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Subsidiary Hess Midstream Operations LP repurchases 695,894 Class B units from Chevron affiliate for ~$30M at $43.11/share.","Enters $70M accelerated share repurchase (ASR) with JPMorgan; initial delivery of 1,136,627 Class A shares (70% of expected).","Post-repurchase public ownership ~62.4%, Chevron ~37.6%; repurchased securities to be cancelled, accretive to distributable cash flow per share.","Funded via revolving credit facility; unit repurchase closes August 8, ASR settlement expected September 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":141724,"accession_number":"0000950170-25-099887","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2025-07-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hess Midstream Q2 net income $179.7M, EPS $0.74; distribution raised 3.8% QoQ","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income attributable to HESM $90.3M ($0.74 basic EPS) vs $0.59 YoY; Adjusted EBITDA $316M.","Throughput volumes up 7% gas processing, 9% oil terminaling, 11% water gathering YoY.","Completed $190M Class B unit and $10M Class A share repurchases; distribution increased to $0.7370/share.","Full-year net income guidance updated to $685-735M; Adjusted EBITDA reaffirmed $1,235-1,285M.","S&P upgraded senior unsecured debt to BBB- on July 24, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":796200000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":141723,"accession_number":"0001193125-25-161221","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2025-07-18T23:59:59+00:00","items":["5.01","5.02","7.01","9.01"],"status":"ready","headline":"Chevron closes Hess merger; Hess Midstream gets new board, Jonathan Stein named CEO","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Chevron indirectly owns ~37.8% consolidated interest in Hess Midstream after Merger completion.","John B. Hess, Gregory Hill, John Rielly resign from board; Andy Walz (Chevron) becomes Chairman.","Jonathan Stein promoted from CFO to CEO; Michael Chadwick appointed CFO; Gabriela Boersner named GC.","Three independent directors (Letwin, Niemiec, Reddy) remain; fourth independent to be appointed.","New officers are Chevron employees; receive no additional compensation from Hess Midstream."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159630,"accession_number":"0001193125-25-132104","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2025-05-30T23:59:59+00:00","items":["1.01","5.02","8.01","9.01"],"status":"ready","headline":"Hess Midstream prices $559.6M secondary offering at $37.25/share; three directors resign","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Selling shareholder (GIP/BlackRock affiliate) sold 15,022,517 Class A shares at $37.25 per share.","Gross proceeds to selling shareholder of $559.59M; company will receive no proceeds.","Directors William J. Brilliant, Scott E. Telesz and James K. Lee resigned effective upon closing.","Company and certain affiliates subject to 60-day lock-up on additional share sales.","Offering expected to close May 30, 2025; J.P. Morgan and Citigroup acted as joint bookrunners."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159629,"accession_number":"0001193125-25-129499","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2025-05-28T23:59:59+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"Hess Midstream launches secondary offering of 15M shares by GIP; GIP to exit and board to be restructured","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["GIP affiliate offers 15,022,517 Class A shares; HESM receives no proceeds.","Upon closing, GIP will hold no interest; Hess affiliate will own 100% of HIP (GP's sole member).","GIP-designated directors (Brilliant, Lee, Telesz) to resign; no other board changes expected.","Board will consist of up to 8 directors: no more than 4 Hess-affiliated, remainder independent.","Certain actions (debt >4x EBITDA, distributions, M&A, governance) require one Hess and one independent director approval."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159628,"accession_number":"0001193125-25-114907","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2025-05-07T23:59:59+00:00","items":["1.01","7.01","8.01","9.01"],"status":"ready","headline":"Hess Midstream signs $200M repurchase: $190M from sponsors, $10M ASR of Class A shares","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["HESM OpCo to repurchase 5,151,842 Class B units from sponsors for ~$190M at $36.88/share; units canceled.","ASR agreement with JPMorgan to repurchase $10M of Class A shares; initial delivery of 189,804 shares.","Post-unit repurchase (pre-ASR) ownership: public 55.1%, Hess Corp 37.8%, GIP/BlackRock 7.1%.","Unit repurchase expected to close May 9, 2025; ASR final settlement in May 2025; funded via credit facility.","CFO says repurchases accretive; expects >$1.25B financial flexibility through 2027 for further repurchases."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159627,"accession_number":"0000950170-25-060585","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2025-04-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hess Midstream Q1 2025 EPS $0.65; distribution raised to $0.7098; throughput volumes up","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income attributable to Hess Midstream $71.6M, basic EPS $0.65 vs $0.60 in Q1 2024.","Adjusted EBITDA $292.3M, Adjusted FCF $190.7M, net cash from operations $202.4M.","Throughput volumes increased 8% gas processing, 7% oil terminaling, 9% water gathering YoY.","Quarterly distribution raised to $0.7098/Class A share (+$0.0086 QoQ); FY2025 guidance reaffirmed.","Completed $100M repurchase of Class B units in Jan 2025; issued $800M 5.875% notes due 2028."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":382000000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":178001,"accession_number":"0001193125-25-025112","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2025-02-12T23:59:59+00:00","items":["1.01","2.03","8.01","9.01"],"status":"ready","headline":"Hess Midstream LP secondary offering of 11M shares at $39.45; subsidiary issues $800M 5.875% notes","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["GIP/BlackRock affiliate sold 11M Class A shares at $39.45 each; gross proceeds $433.95M; company got $0.","Upsized from 10M shares; underwriter Goldman Sachs has 30-day option to buy up to 1.65M additional shares.","Subsidiary Hess Midstream Operations LP issued $800M 5.875% senior notes due 2028 to refinance 5.625% notes due 2026.","Secondary offering and notes offering closed on February 12, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":178000,"accession_number":"0000950170-25-010217","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2025-01-29T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hess Midstream Q4 net income $70.4M ($0.68 EPS), distribution raised to $0.7012/share","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income attributable $70.4M ($0.68 basic EPS) vs $0.55 in Q4 2023; adjusted EBITDA $298.2M.","Throughput volumes up 15-16% YoY for gas gathering/processing, 11% crude gathering, 6% terminaling.","Quarterly distribution raised to $0.7012/share (+$0.0166 vs Q3 2024); paid Feb 14, 2025.","Completed accretive $100M repurchase of Class B units in Jan 2025, supporting distribution growth.","Full year 2024 adjusted EBITDA $1,136.1M; leverage 3.1x; Q4 capex $84.3M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":1495500000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":177999,"accession_number":"0001193125-25-007128","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2025-01-15T23:59:59+00:00","items":["1.01","2.01","7.01","9.01"],"status":"ready","headline":"Hess Midstream repurchases $100M in Class B units from sponsors; 2.57M units cancelled","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Repurchased 2,572,677 Class B units from affiliates of Hess and GIP/BlackRock at $38.87/unit; closed Jan 15.","Repurchase expected to be accretive and support incremental distribution growth above 5% annual target through 2026.","Post-repurchase public holds ~47.9%, Hess ~37.8%, GIP/BlackRock ~14.3%; combined sponsor voting interest ~52.1%.","Since 2021, total sponsor unit repurchases reach $1.95B; company retains over $1.25B financial flexibility through 2026.","Funded via existing credit facility; repurchase approved by independent conflicts committee."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":194690,"accession_number":"0000950170-24-118597","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2024-10-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hess Midstream Q3 2024 net income $164.7M, EPS $0.63; distribution increased to $0.6846/share","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $164.7M, EPS $0.63 (vs $0.57 YoY); adjusted EBITDA $286.9M, adjusted free cash flow $141.4M.","Throughput volumes +9% for gas gathering and processing vs Q3 2023; water gathering volumes +29% YoY.","Completed $100M accretive repurchase of Class B units in Sept 2024; increased cash distribution to $0.6846/share (+$0.0169 QoQ).","Q4 2024 guidance: net income $170-185M, adjusted EBITDA $295-310M; reaffirming full-year throughput guidance.","Targets at least 5% annual distribution growth through 2026; expects >$1.25B financial flexibility through 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":1099600000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":210994,"accession_number":"0001193125-24-222884","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2024-09-20T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"GIP affiliate sells 12.65M HESM Class A shares in upsized secondary offering at $35.12/sh","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Offering upsized from 10M to 11M shares, plus full exercise of 1.65M-share option: total 12.65M shares.","Price $35.12/share; selling shareholder affiliate of Global Infrastructure Partners receives net proceeds of $444.3M.","Hess Midstream LP receives no proceeds. Underwriter Citigroup; offering closed September 20, 2024.","Lock-up agreements restrict company, selling shareholder, and Hess Investments North Dakota for 90 days.","Secondary sale does not change HESM's outstanding share count or operations; existing shares transferred."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":210993,"accession_number":"0001193125-24-217253","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2024-09-11T23:59:59+00:00","items":["1.01","2.01","7.01","9.01"],"status":"ready","headline":"Hess Midstream repurchases $100M of Class B units from sponsors at $35.42/share","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Repurchased 2,823,262 Class B units from Hess Corp and GIP affiliates for ~$100M (1.3% of consolidated co).","Transaction closed Sept 11, 2024; funded via revolving credit facility.","Since 2021, total $1.85B returned to shareholders via sponsor unit repurchases; >$1.25B financial flexibility through 2026.","Expected to increase distributable cash flow per Class A share, supporting annual distribution growth of at least 5% through 2026.","Post-repurchase ownership: public 41.5%, GIP 20.7%, Hess Corp 37.8%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":210992,"accession_number":"0000950170-24-093996","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2024-08-08T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Hess Midstream adopts new segment reporting standard; recasts prior periods","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Early adoption of ASU 2023-07 effective April 1, 2024; no restatement of prior financials.","CODM (CEO & CFO) uses segment Adjusted EBITDA to evaluate three segments: gathering, processing & storage, terminaling & export.","Recast segment disclosures provided for FY 2023 and prior quarterly periods in 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":210991,"accession_number":"0000950170-24-088248","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2024-07-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hess Midstream Q2 net income $160.3M, raises 2024 gas throughput guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 net income $160.3M ($0.59 diluted EPS); adjusted EBITDA $276.5M, adj. free cash flow $156.4M.","Gas gathering volumes +19% YoY, gas processing +17%, crude oil terminaling +17%, water gathering +43%.","Quarterly distribution increased to $0.6677/Class A share, up $0.0161 from Q1 2024.","Full-year 2024 net income guidance raised to $650-700M; reiterates adj. EBITDA $1,125-1,175M.","Completed $100M accretive repurchase of Class B units in June 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":721100000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229468,"accession_number":"0001193125-24-169065","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2024-06-26T23:59:59+00:00","items":["1.01","2.01","7.01","9.01"],"status":"ready","headline":"Hess Midstream signs $100M sponsor unit repurchase; 2.7M Class B units cancelled","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Repurchased 2,724,052 Class B units from Hess Corp and Global Infrastructure Partners at $36.71/unit.","Transaction funded with cash on hand, closed June 26, 2024; reduces total unit count by ~1.2%.","Since 2021, Hess Midstream has returned $1.75B to shareholders through unit repurchases, reducing unit count by nearly 25%.","Over $1.25B of financial flexibility remains through 2026 for potential incremental repurchases.","Repurchase accretive to Class A shares, supports distribution growth above 5% annual target."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229467,"accession_number":"0001193125-24-151737","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2024-05-31T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Hess Midstream announces secondary offering of 10M Class A shares at $34.025/share by GIP affiliate","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Selling shareholder (GIP affiliate) offers 10M Class A shares at $34.025/share; gross proceeds of $343M.","Underwriter has 30-day option to purchase additional 1.5M shares at same price.","Company receives no proceeds from the secondary offering or any exercised option.","Closing expected May 31, 2024; 60-day lock-up on further share sales by company and selling shareholder.","J.P. Morgan is sole bookrunning manager; offering under effective shelf registration statement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229466,"accession_number":"0001193125-24-140580","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2024-05-16T23:59:59+00:00","items":["4.01","9.01"],"status":"ready","headline":"Hess Midstream dismisses EY, appoints PwC as auditor ahead of BlackRock-GIP deal","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Audit committee dismissed EY and engaged PwC as independent auditor effective May 16, 2024 due to pending BlackRock acquisition of GIP.","No disagreements or reportable events between EY and Hess Midstream for fiscal years 2022 and 2023.","EY's audit reports for 2022 and 2023 were unqualified; EY will cooperate in orderly transition.","No prior consultations with PwC on accounting principles or audit opinions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229465,"accession_number":"0001193125-24-140570","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2024-05-16T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"Hess Midstream issues $600M in 6.500% senior notes due 2029","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issuer Hess Midstream Operations LP completed $600M aggregate principal of 6.500% senior notes due 2029.","Notes rank equally with existing and future senior debt; effectively subordinated to secured debt.","Proceeds used to repay borrowings under revolving credit facility and for general corporate purposes.","Indenture includes customary covenants, events of default, and change-of-control repurchase at 101%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229464,"accession_number":"0000950170-24-047927","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2024-04-25T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hess Midstream Q1 net income $161.9M, EPS $0.60; increases distribution to $0.6516/share","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $161.9M; attributable to HESM $44.6M ($0.60 basic EPS) vs $0.47 in Q1 2023.","Adjusted EBITDA $275.8M, Adjusted Free Cash Flow $194.2M; reaffirmed FY2024 EBITDA guidance $1.125–1.175B.","Throughput volumes up YoY: gas processing +16%, oil terminaling +13%, water gathering +47%.","Increased quarterly distribution to $0.6516/share (~2.7% QoQ); targets at least 5% annual growth through 2026.","Completed $100M repurchase of Class B units in March 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":355600000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":248022,"accession_number":"0001193125-24-067915","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2024-03-14T23:59:59+00:00","items":["1.01","2.01","7.01","9.01"],"status":"ready","headline":"Hess Midstream repurchases $100M of Class B units from sponsors","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Repurchased 2,816,901 Class B units at $35.50/unit, ~1.2% of company, closing March 14, 2024.","Funded via existing revolving credit facility; expected to be accretive to distributable cash flow per share.","Since 2021, $1.65B returned to shareholders via repurchases, reducing unit count by over 20%.","After repurchase: public 35.4%, GIP 26.8%, Hess Corp 37.8% ownership; >$1.25B financial flexibility through 2026.","Transaction unanimously approved by board and independent conflicts committee."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":248021,"accession_number":"0001193125-24-028366","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2024-02-08T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Hess Midstream secondary offering of 11.5M Class A shares at $32.83 by GIP affiliate","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Selling shareholder (GIP affiliate) sold 10M Class A shares plus full exercise of 1.5M option at $32.83 each.","Net proceeds to selling shareholder of ~$377.5M; company received no proceeds.","Offering closed Feb 8, 2024; Citigroup acted as sole bookrunning manager.","Company, selling shareholder, and Hess Investments North Dakota LLC subject to 60-day lock-up."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":248020,"accession_number":"0000950170-24-009150","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2024-01-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hess Midstream Q4 net income $152.8M; adj EBITDA $264.1M; distribution raised 2.7% sequentially","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income attributable to Hess Midstream $37.5M ($0.55 EPS) vs $0.49 YoY; revenue $356.5M (+13% YoY).","Adjusted EBITDA $264.1M; Adjusted Free Cash Flow $146.6M; net cash from ops $247.6M.","Gas processing throughput +24%, oil terminaling +19%, water gathering +47% vs prior-year quarter.","Increased Q4 cash distribution to $0.6343/Class A share (+2.7% vs Q3 2023), targeting ≥5% annual growth through 2025.","Completed $100M repurchase of Class B units in Nov 2023; FY 2023 full-year adj EBITDA $1,022.2M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":1348600000.0,"consensus_period":"2023-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":265477,"accession_number":"0001193125-23-278838","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2023-11-16T23:59:59+00:00","items":["1.01","2.01","7.01","9.01"],"status":"ready","headline":"Hess Midstream repurchases $100M of sponsor Class B units, reducing unit count by ~1.5%","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["HESM OpCo repurchased 3,370,407 Class B units from affiliates of Hess Corp and GIP for $100M at $29.67/unit.","Post-repurchase ownership: public 29.8%, Global Infrastructure Partners 32.4%, Hess Corp 37.8%.","Since 2021, Hess Midstream has returned $1.55B to shareholders via unit repurchases, reducing total units by ~20%.","Repurchase funded through existing revolving credit facility; expects accretion and supports 5% annual distribution growth target through 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":265476,"accession_number":"0000950170-23-055003","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2023-10-25T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hess Midstream Q3 net income $164.8M, raises FY23 guidance, distribution up 2.7% to $0.6175","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 net income $164.8M ($0.57 basic EPS); Adjusted EBITDA $271.0M; DCF $224.1M (1.6x coverage).","Quarterly distribution raised to $0.6175/share (+2.7% QoQ), payable Nov 14, record Nov 2.","FY 2023 guidance raised: net income ~$615M, Adjusted EBITDA ~$1.03B; gas gathering ~380 MMcf/d.","Completed $100M accretive repurchase of Class B units in September, third such transaction in 2023.","Chevron to acquire Hess' 37.8% stake in HESM; contract structure unchanged; conference call postponed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":992100000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":282678,"accession_number":"0001193125-23-240508","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2023-09-22T23:59:59+00:00","items":["1.01","2.01","7.01","9.01"],"status":"ready","headline":"Hess Midstream repurchases $100M of Class B units from sponsors at $30.29/unit","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Repurchased 3,301,420 Class B units from Hess Corp and GIP affiliates for $100M ($30.29/unit).","Units cancelled; transaction closed Sept 22, 2023, funded via credit facility.","Public ownership rises to ~29.4%; sponsors hold ~70.6% voting, 1.3% economic interest.","Expects >$1B financial flexibility through 2025 for potential additional repurchases.","Accretive transaction supports distribution growth above 5% annual target through 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":282677,"accession_number":"0001193125-23-215088","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2023-08-17T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Hess Midstream LP secondary offering of 10M Class A shares at $28.80 by GIP affiliate","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Selling shareholder (affiliate of Global Infrastructure Partners) sells 10,000,000 Class A shares at $28.80 each.","Gross proceeds of $288M; net proceeds to selling shareholder ~$285.9M after underwriting discounts.","Underwriter Goldman Sachs granted 30-day option to purchase up to 1.5M additional shares.","Hess Midstream LP receives no proceeds from the offering.","Offering closed August 17, 2023, pursuant to an effective shelf registration statement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":282676,"accession_number":"0000950170-23-034561","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2023-07-26T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hess Midstream Q2 net income $147.9M, raises FY2023 EBITDA guidance to $1.0-1.03B","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $147.9M ($0.50/Class A share) vs $151.8M ($0.51) in Q2 2022; Adjusted EBITDA $248.1M.","Quarterly distribution raised to $0.6011/share (+2.7% QoQ); payable Aug 14, 2023 to holders of record Aug 3.","Completed $100M repurchase of Class B units in June 2023, second such buyback in 2023.","FY2023 guidance raised: net income $595-625M, Adjusted EBITDA $1,000-1,030M, DCF $820-850M.","Throughput volumes up YoY: gas processing +23%, gas gathering +19%, water gathering +34%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":629000000.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":301949,"accession_number":"0001193125-23-178600","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2023-06-29T23:59:59+00:00","items":["1.01","2.01","7.01","9.01"],"status":"ready","headline":"Hess Midstream repurchases $100M of Class B units from sponsors at $29.85/unit","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["HESM OpCo repurchased 3,350,084 Class B units from affiliates of Hess Corp and GIP for $100M ($29.85/unit).","Repurchased units cancelled; public ownership increases to ~24.0% of consolidated company.","CFO says transaction accretive, supports incremental distribution growth above 5% annual target through 2025.","Funded via revolving credit facility; repurchase approved by conflicts committee of independent directors."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":301948,"accession_number":"0001193125-23-149336","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2023-05-19T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Hess Midstream LP announces secondary offering of 12.8M Class A shares at $27.00 per share by selling shareholders","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Selling shareholders (Hess subsidiary and GIP affiliate) sold 12,765,000 Class A shares at $27.00/share.","Company received no proceeds; sellers netted approximately $333.4 million after underwriting discounts.","Underwriters exercised full 30-day option for additional 1,665,000 shares on top of base 11,100,000.","Company and insiders subject to 60-day lock-up on share sales without underwriter consent.","Morgan Stanley and J.P. Morgan acted as joint bookrunners for the offering."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":301947,"accession_number":"0000950170-23-014571","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2023-04-26T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hess Midstream Q1 net income $142.2M, EPS $0.47; raises distribution 2.7% QoQ","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income attributable to Hess Midstream LP $20.7M ($0.47 basic EPS) vs $0.50 in Q1 2022.","Adjusted EBITDA $239.0M, DCF $196.6M, distribution coverage ~1.4x.","Quarterly distribution increased to $0.5851/Class A share, up 2.7% QoQ; payable May 12, 2023.","Completed $100M repurchase of Class B units in March 2023.","Reaffirmed FY2023 guidance: Adj. EBITDA $990M-$1,030M, DCF $815M-$855M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":305000000.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":321682,"accession_number":"0001193125-23-085570","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2023-03-30T23:59:59+00:00","items":["1.01","2.01","7.01","9.01"],"status":"ready","headline":"Hess Midstream repurchases $100M of Class B units from sponsors at $27.63/unit","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Repurchased 3,619,254 Class B units from affiliates of Hess Corp and GIP for $100M at $27.63/unit (closing price on March 27, 2023).","Repurchase funded via existing revolving credit facility; units cancelled, increasing public ownership to 18.3%.","Expected to be accretive to shareholders and provide capacity for incremental distribution growth above 5% annual target.","After repurchase, sponsors hold ~81.7% voting interest and 2.0% economic interest in Hess Midstream.","Transaction approved by Board and Conflicts Committee; closed March 30, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":321681,"accession_number":"0000950170-23-001142","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2023-01-25T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hess Midstream Q4 net income falls to $149.8M, distributable cash flow $202.6M, quarterly distribution raised 1.2%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $149.8M vs $165.1M in Q4 2021; EPS $0.49 vs $0.51 year ago.","Adjusted EBITDA $245.1M, DCF $202.6M, Adjusted Free Cash Flow $144.1M.","Revenue $314.6M; crude gathering volumes down 12% YoY, water gathering up 7%.","Quarterly distribution raised to $0.5696 per share, 1.2% QoQ increase; targeting 5% annual growth.","2023 guidance to be issued separately on Jan 25."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":1275200000.0,"consensus_period":"2022-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":339778,"accession_number":"0000950170-22-020104","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2022-10-26T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hess Midstream Q3 net income $159.4M; raises FY 2022 guidance, volumes up 24% gas processing","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $159.4M ($0.53/share) vs $131.1M in Q3 2021; adj. EBITDA $253.6M, DCF $214.8M.","Gas processing volumes +24% YoY, gas gathering +20%, water gathering +12%; crude oil gathering -4%.","Raised FY2022 guidance: net income ~$630M, adj. EBITDA ~$990M, DCF ~$840M.","Q3 distribution $0.5627/share (+1.2% QoQ); targeting 5% annual growth through 2024 with coverage >1.5x in 2022.","Extended $1.4B credit facilities to July 2027; $5.9M remediation costs for produced water release."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":960600000.0,"consensus_period":"2022-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":357102,"accession_number":"0000950170-22-013149","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2022-07-27T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hess Midstream Q2 net income $151.8M; reaffirms 2022 guidance and 5% annual distribution growth","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income attributable to Hess Midstream LP $22.0M ($0.51/share) vs $0.44 year ago.","Adjusted EBITDA $242.6M, DCF $206.2M, distribution coverage ~1.5x.","Reaffirmed FY2022 guidance: Adj. EBITDA $970M–$1B; 5% annual distribution growth through 2024.","Completed $400M repurchase of 13.6M Class B units from Hess and GIP in Q2.","Q2 volumes down 12-21% YoY due to Bakken severe weather; MVC shortfall fees partially offset."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":625800000.0,"consensus_period":"2022-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":357101,"accession_number":"0001193125-22-195006","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2022-07-15T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Hess Midstream amends credit agreement; extends maturity to July 2027, increases accordion to $750M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Maturity extended from December 2024 to July 2027; $1B revolver and $400M term loan unchanged.","Accordion feature increased to $750M, allowing total commitments up to $2.15B.","Benchmark interest rate switched from LIBOR to SOFR.","Covenants: total debt/EBITDA ≤ 5.00x; secured debt/EBITDA ≤ 4.00x until investment grade."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":375663,"accession_number":"0000950170-22-006275","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2022-04-27T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hess Midstream Q1 net income $159.6M ($0.50 EPS), distribution up 6.3%, repurchased $400M Class B units","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $159.6M ($0.50 basic EPS), flat YoY; Adjusted EBITDA $241.6M.","Repurchased $400M Class B units from Hess Corp and GIP in April 2022, accretive transaction.","Quarterly distribution raised to $0.5492/Class A share, up 6.3% sequentially.","Reaffirms FY2022 guidance: Adjusted EBITDA $970M-$1B, 95% revenue protected by MVCs.","Updates net income guidance to $610-640M including interest/tax from unit repurchase and equity offering."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":312400000.0,"consensus_period":"2022-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":375662,"accession_number":"0001193125-22-100346","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2022-04-08T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"Hess Midstream Operations LP issues $400M 5.500% senior notes due 2030","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $400M aggregate principal of 5.500% senior notes due 2030 under an indenture dated August 8, 2022.","Proceeds used to repay revolver borrowings that funded repurchase of 13,559,322 Class B units from HINDL and GIP.","Notes rank equally with existing senior debt, effectively subordinated to secured debt, and unsecured.","Issuer may redeem up to 40% before Oct 2025 at 105.5% with equity proceeds, or at make-whole premium.","Notes fully and unconditionally guaranteed by all wholly owned subsidiaries that guarantee the revolving credit facility."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":375661,"accession_number":"0001193125-22-095095","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2022-04-04T23:59:59+00:00","items":["1.01","2.01","7.01","9.01"],"status":"ready","headline":"Hess Midstream announces $400M sponsor unit repurchase and $263M secondary offering","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["HESM subsidiary repurchases 13,559,322 Class B units from sponsors for $400M at $29.50/unit; funded via revolver.","Sponsors sell 8.9M Class A shares in upsized secondary at $29.50/unit; underwriter option exercised for 1.335M additional.","Repurchase and offering close April 4; Sponsors retain ~81.65% voting and 2.04% economic interest post-transaction.","Transaction expected to optimize leverage to 3.0x Debt/EBITDA and provide immediate accretion to unitholders."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":393997,"accession_number":"0001193125-22-048687","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2022-02-22T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Matthew Harris resigns from Hess Midstream board; James K. Lee of GIP succeeds him","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Matthew C. Harris resigned from the board of Hess Midstream GP LLC effective Feb 22, 2022; no disagreement.","James K. Lee, Investment Principal at Global Infrastructure Partners, appointed to succeed Harris.","Lee was actively involved in GIP's investment in the partnership; will not receive additional board compensation.","Lee's appointment fills GIP's nomination slot; he serves on no board committees."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":393996,"accession_number":"0000950170-22-000489","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2022-01-26T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hess Midstream Q4 net income $165M; guides 2022 Adj EBITDA $970M-$1B, extends 5% distribution growth through 2024","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income Q4 2021 $165.1M (up from $132.3M Q4 2020); attributable to HESM $16.9M or $0.51 per share.","Adjusted EBITDA $246.6M, DCF $215.0M; 2022 guidance: Adj EBITDA $970M-$1,000M, DCF $840M-$870M.","Declared Q4 distribution $0.5167/share, 5% annual growth target extended through 2024 with >1.4x coverage.","MVCs for 2024 established with 95% revenue protection for 2022; leverage expected ~2.6x in 2022.","Gas gathering volumes up 4% YoY; crude oil gathering down 18% due to reduced drilling activity."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":1203800000.0,"consensus_period":"2021-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":412543,"accession_number":"0000950170-21-002338","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2021-10-27T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Hess Midstream Q3 net income $131.1M, raises FY2021 EBITDA guidance to $895-905M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $131.1M; attributable $9.9M ($0.39/share). Adjusted EBITDA $205.0M, DCF $171.5M, Adjusted FCF $119.8M.","Repurchased 31.25M Class B units from Hess and GIP for $750M, funded by 4.25% senior notes due 2030.","Raised FY2021 net income guidance to $605-615M and Adjusted EBITDA to $895-905M.","Q3 distribution $0.5104/share (+1.2% QoQ); reaffirms ≥5% annual growth through 2023.","Gas processing volumes down 4% YoY due to Tioga Gas Plant turnaround; crude oil gathering down 23%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":887500000.0,"consensus_period":"2021-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":412542,"accession_number":"0001193125-21-295488","cik":1789832,"company_name":"Hess Midstream LP","ticker":"HESM","form_type":"8-K","filed_at":"2021-10-08T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Hess Midstream secondary offering of 7.5M Class A shares at $26.00 by selling shareholders","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Selling shareholders (Hess Corp affiliate and GIP affiliate) sold 7.5M Class A shares, upsized from 6M.","Offering priced at $26.00/share; gross proceeds ~$195M; net proceeds ~$216.6M after underwriting discounts.","Underwriters have 30-day option to buy up to 1.125M additional shares; option exercised in full.","Company receives no proceeds; all shares sold by existing holders.","Offering closed October 8, 2021; J.P. Morgan and Citi acted as joint bookrunners."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":7948175589.921813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2021-10-08T23:59:59+00:00|412542"}