Hess Midstream LP — fact timeline

Hess Midstream LP reported Q1 2026 results: revenue $390.1 million, net income $157.7 million, EPS $0.68 basic earnings per Class A share. Guidance reaffirmed.

“as a precise description of any of the separate companies, each of which manages its own affairs. Financial Results Revenues and other income in the first quarter of 2026 were $390.1 million compared with $382.0 million in the prior‐year quarter. First quarter 2026 revenues included $30.6 million of pass-through electricity, produced water trucking and disposal costs”

Hess Midstream LP entered into Unit Repurchase Agreement with Hess Investments North Dakota LLC valued at approximately $18 million (effective 2026-03-02).

“On March 2, 2026, Hess Midstream LP, a Delaware limited partnership (the “Company”), Hess Midstream Operations LP, a Delaware limited partnership and a subsidiary of the Company that holds all of the Company’s operating assets (“HESM OpCo” and, together with the Company, the “Partnership Entities”), and Hess Investments North Dakota LLC, a Delaware limited liability company (“HINDL”) and an indirect, wholly owned subsidiary of Chevron Corporation (“Chevron”), entered into a Unit Repurchase Agreement (the “Repurchase Agreement”) pursuant to which HESM OpCo agreed to purchase from HINDL 455,811 Class B units representing limited partner interests in HESM OpCo (“Class B Units” and such Class B Units subject to the Repurchase Agreement, the “Subject Units”) for an aggregate purchase price of approximately $18 million (the “Repurchase Transaction”).”

Hess Midstream LP: Changed principal office, registered agent, and registered office addresses; amended certificate and limited partnership agreement accordingly (effective 2026-01-26).

“Effective January 26, 2026, each of Hess Midstream LP (the “Company”) and Hess Midstream GP LP, the general partner of the Company (the “General Partner”), changed (a) its principal office to 1400 Smith Street, Houston, Texas 77002 from 1501 McKinney Street, Houston, Texas 77010, (b) its registered agent to Corporation Service Company from The Corporation Trust Company and (c) its registered office to 251 Little Falls Drive, Wilmington, New Castle County, Delaware 19808 from Corporation Trust Center, 1209 Orange Street, Wilmington, New Castle County, Delaware 19801.”

James K. Lee resigned as Director at Hess Midstream LP.

“Effective upon the closing of the Secondary Offering, in connection with the governance changes disclosed in the Current Report on Form 8-K dated May 28, 2025, each of William J. Brilliant, Scott E. Telesz and James K. Lee resigned from the board of directors (the “Board”) of GP LLC.”

Scott E. Telesz resigned as Director at Hess Midstream LP.

“Effective upon the closing of the Secondary Offering, in connection with the governance changes disclosed in the Current Report on Form 8-K dated May 28, 2025, each of William J. Brilliant, Scott E. Telesz and James K. Lee resigned from the board of directors (the “Board”) of GP LLC.”

William J. Brilliant resigned as Director at Hess Midstream LP.

“Effective upon the closing of the Secondary Offering, in connection with the governance changes disclosed in the Current Report on Form 8-K dated May 28, 2025, each of William J. Brilliant, Scott E. Telesz and James K. Lee resigned from the board of directors (the “Board”) of GP LLC.”

Hess Midstream LP incurred senior notes of $800,000,000 in aggregate principal amount with Computershare Trust Company, N.A., as trustee at 5.875% senior notes due 2028 maturing 2028.

“On February 12, 2025, in connection with the closing of the previously announced offering (the “Notes Offering”) and issuance by Hess Midstream Operations LP, a Delaware limited partnership (the “Issuer”), and consolidated subsidiary of the Company, of $800,000,000 in aggregate principal amount of its 5.875% senior notes due 2028 (the “Notes”), the Issuer entered into an indenture, dated as of February 12, 2025 (the “Indenture”), with Computershare Trust Company, N.A., as trustee”

Hess Midstream LP completed an acquisition involving HINDL and GIP II Blue Holding, L.P. for aggregate purchase price of approximately $100 million (closed 2024-06-26).

“B Units”) and (b) GIP 1,699,581 Class B Units (such Class B Units subject to the Repurchase Agreement, the “Repurchased Units”) for an aggregate purchase price of approximately $100 million (the “Repurchase Transaction”). The Repurchase Transaction was consummated on June 26, 2024. The purchase price per Class B Unit was $36.71, the closing price of the Class A”

Hess Midstream LP engaged PricewaterhouseCoopers LLP as its auditor.

“dit Committee (the “Committee”) of the board of directors of Hess Midstream GP LLC (“GP LLC”), the general partner of Hess Midstream GP LP, a Delaware limited partnership and the general partner of Hess Midstream LP (the “Company”), approved the engagement of PricewaterhouseCoopers LLP (“PwC”) as the Company’s new independent registered public accounting firm for the fiscal year ended December 31, 2024 and dismissed Ernst & Young LLP (“EY”) as the Company’s independent registered public accounting firm, effective immediately.”

Hess Midstream LP dismissed Ernst & Young LLP as its auditor.

“tner of Hess Midstream LP (the “Company”), approved the engagement of PricewaterhouseCoopers LLP (“PwC”) as the Company’s new independent registered public accounting firm for the fiscal year ended December 31, 2024 and dismissed Ernst & Young LLP (“EY”) as the Company’s independent registered public accounting firm, effective immediately.”

Hess Midstream LP incurred senior notes of $600,000,000 with Computershare Trust Company, N.A. at 6.500% maturing due 2029.

“On May 16, 2024, in connection with the closing of the previously announced offering (the “Notes Offering”) and issuance by Hess Midstream Operations LP, a Delaware limited partnership (the “Issuer”), and consolidated subsidiary of Hess Midstream LP, a Delaware limited partnership (the “Company”), of $600,000,000 in aggregate principal amount of its 6.500% senior notes due 2029 (the “Notes”), the Issuer entered into an indenture, dated as of May 16, 2024 (the “Indenture”), with Computershare Trust Company, N.A., as trustee (the “Trustee”) and the Guarantors (as defined below) party thereto.”

Hess Midstream LP reported the first quarter of 2024 results: revenue $355.6 million, net income $161.9 million, EPS $0.60 basic earnings per Class A share.

“these non‐GAAP measures to GAAP reporting measures appear in the following pages of this release. Financial Results Revenues and other income in the first quarter of 2024 were $355.6 million compared with $305.0 million in the prior‐year quarter. First quarter 2024 affiliate revenues included $23.2 million of pass-through electricity, produced water trucking and”

Hess Midstream LP completed an acquisition involving HINDL and GIP for approximately $100 million (closed 2024-03-14).

“B Units”) and (b) GIP 1,757,511 Class B Units (such Class B Units subject to the Repurchase Agreement, the “Repurchased Units”) for an aggregate purchase price of approximately $100 million (the “Repurchase Transaction”). The Repurchase Transaction was consummated on March 14, 2024. The purchase price per Class B Unit was $35.50, the closing price of the Class A”

Hess Midstream LP entered into Unit Repurchase Agreement with Hess Investments North Dakota LLC and GIP II Blue Holding, L.P. valued at approximately $100 million (effective 2024-03-11).

“On March 11, 2024, Hess Midstream LP, a Delaware limited partnership (the “Company”), Hess Midstream Operations LP, a Delaware limited partnership and a subsidiary of the Company that holds all of the Company’s operating assets (“HESM OpCo” and, together with the Company, the “Partnership Entities”), Hess Investments North Dakota LLC, a Delaware limited liability company (“HINDL”), and GIP II Blue Holding, L.P., a Delaware limited partnership (“GIP” and, together with HINDL, the “Sponsors” and each, a “Sponsor”), entered into a Unit Repurchase Agreement (the “Repurchase Agreement”) pursuant to which HESM OpCo agreed to purchase from (a) HINDL 1,059,390 Class B units representing limited partner interests in HESM OpCo (the “Class B Units”) and (b) GIP 1,757,511 Class B Units (such Class B Units subject to the Repurchase Agreement, the “Repurchased Units”) for an aggregate purchase price of approximately $100 million (the “Repurchase Transaction”).”

Hess Midstream LP entered into Underwriting Agreement with Citigroup Global Markets Inc. valued at 10,000,000 Class A shares at a price of $32.83 per Class A Share (effective 2024-02-05).

“On February 5, 2024, Hess Midstream LP., a Delaware limited partnership (the “Company”), Hess Midstream GP LP, a Delaware limited partnership and the general partner of the Company (the “General Partner”), Hess Midstream GP LLC, a Delaware limited liability company and the general partner of the General Partner, GIP II Blue Holding, L.P., a Delaware limited partnership (the “Selling Shareholder”), and Citigroup Global Markets Inc., as underwriter (the “Underwriter”), entered into an Underwriting Agreement (the “Underwriting Agreement”), pursuant to which the Selling Shareholder agreed to sell to the Underwriter, and the Underwriter agreed to purchase from the Selling Shareholder, subject to and upon the terms and conditions set forth therein, 10,000,000 Class A shares representing limited partner interests in the Company (the “Class A Shares”) at a price of $32.83 per Class A Share (the “Secondary Offering”).”

Hess Midstream LP reported the fourth quarter of 2023 results: revenue $356.5 million, net income $152.8 million, EPS $0.55 basic earnings per Class A share.

“these non‐GAAP measures to GAAP reporting measures appear in the following pages of this release. Financial Results Revenues and other income in the fourth quarter of 2023 were $356.5 million compared with $314.6 million in the prior-year quarter. Fourth quarter 2023 revenues included $21.7 million of pass-through electricity, produced water trucking and disposal”

Hess Midstream LP reported third quarter 2023 results: net income Net income was $164.8 million., EPS Net income attributable to Hess Midstream LP was $35.3 million, or $0.57 basic earnings per Class A share. Guidance raised.

“Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported third quarter 2023 net income of $164.8 million compared with net income of $159.4 million for the third quarter of 2022. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $35.3 million, or $0.57 basic earnings per Class A share compared with $0.53 basic earnings per Class A share in the third quarter of 2022.”

Hess Midstream LP reported the third quarter of 2023 results: net income Net income was $164.8 million.. Guidance raised.

“On October 25, 2023, Hess Midstream LP issued a news release reporting estimated results for the first quarter of 2023. A copy of this news release is furnished as Exhibit 99.1 to this report and is incorporated by reference herein.”

Hess Midstream LP completed an acquisition involving HINDL and GIP II Blue Holding, L.P. for approximately $100 million (closed 2023-09-22).

“interests in HESM OpCo (the “Class B Units” and such Class B Units subject to the Repurchase Agreement, the “Repurchased Units”) for an aggregate purchase price of approximately $100 million (the “Repurchase Transaction”). The Repurchase Transaction was consummated on September 22, 2023. The purchase price per Class B Unit was $30.29, the closing price of the Class A”

Hess Midstream LP entered into Unit Repurchase Agreement with Hess Investments North Dakota LLC and GIP II Blue Holding, L.P. valued at approximately $100 million (effective 2023-09-19).

“he “Partnership Entities”), Hess Investments North Dakota LLC, a Delaware limited liability company (“HINDL”), and GIP II Blue Holding, L.P., a Delaware limited partnership (“GIP” and, together with HINDL, the “Sponsors” and each, a “Sponsor”), entered into a Unit Repurchase Agreement (the “Repurchase Agreement”) pursuant to which HESM OpCo agreed to purchase from the Sponsors (divided equally between the Sponsors) 3,301,420 Class B units representing limited partner interests in HESM OpCo (the “Class B Units” and such Class B Units subject to the Repurchase Agreement, the “Repurchased Units”) for an aggregate purchase price of approximately $100 million (the “Repurchase Transaction”).”

Hess Midstream LP entered into Underwriting Agreement with Hess Midstream LP, Hess Midstream GP LP, Hess Midstream GP LLC, GIP II Blue Holding, L.P., and Goldman Sachs & Co. LLC valued at 10,000,000 Class A shares at $28.80 per share, less underwriting discounts; option for additional 1, (effective 2023-08-15).

“On August 15, 2023, Hess Midstream LP., a Delaware limited partnership (the “Company”), Hess Midstream GP LP, a Delaware limited partnership and the general partner of the Company (the “General Partner”), Hess Midstream GP LLC, a Delaware limited liability company and the general partner of the General Partner, GIP II Blue Holding, L.P., a Delaware limited partnership (the “Selling Shareholder”), and Goldman Sachs & Co. LLC, as underwriter (the “Underwriter”), entered into an Underwriting Agreement (the “Underwriting Agreement”), pursuant to which the Selling Shareholder agreed to sell to the Underwriter, and the Underwriter agreed to purchase from the Selling Shareholder, subject to and upon the terms and conditions set forth therein, 10,000,000 Class A shares representing limited partner interests in the Company (the “Class A Shares”) at a price of $28.80 per Class A Share, less underwriting discounts (the “Secondary Offering”).”

Hess Midstream LP reported full year 2023 results: net income Hess Midstream LP is updating its full year 2023 net income guidance to $595 – $625 million. Guidance raised.

“Hess Midstream LP is updating its full year 2023 net income guidance to $595 – $625 million and increasing its Adjusted EBITDA guidance to $1,000 – $1,030 million.”

Hess Midstream LP reported second quarter of 2023 results: revenue Revenues and other income in the second quarter of 2023 were $324.0 million, net income Net income attributable to Hess Midstream LP was $25.1 million, EPS $0.50 basic earnings per Class A share.

“Net income was $147.9 million. Net cash provided by operating activities was $204.6 million.”

Hess Midstream LP entered into Unit Repurchase Agreement with Hess Investments North Dakota LLC and GIP II Blue Holding, L.P. valued at approximately $100 million (effective 2023-06-26).

“he “Partnership Entities”), Hess Investments North Dakota LLC, a Delaware limited liability company (“HINDL”), and GIP II Blue Holding, L.P., a Delaware limited partnership (“GIP” and, together with HINDL, the “Sponsors” and each, a “Sponsor”), entered into a Unit Repurchase Agreement (the “Repurchase Agreement”) pursuant to which HESM OpCo agreed to purchase from the Sponsors (divided equally between the Sponsors) 3,350,084 Class B units representing limited partner interests in HESM OpCo (the “Class B Units” and such Class B Units subject to the Repurchase Agreement, the “Repurchased Units”) for an aggregate purchase price of approximately $100 million (the “Repurchase Transaction”).”

Hess Midstream LP entered into Underwriting Agreement with Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC, as representatives of the several underwriters valued at 11,100,000 Class A shares ... at a price of $27.00 per Class A Share, less underwriting discounts (effective 2023-05-16).

“ability company and the general partner of the General Partner, Hess Investments North Dakota LLC, a Delaware limited liability company (“HINDL”), GIP II Blue Holding, L.P., a Delaware limited partnership (together with HINDL, the “Selling Shareholders”), and Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC, as representatives of the several underwriters listed therein (the “Underwriters”), entered into an Underwriting Agreement (the “Underwriting Agreement”), pursuant to which the Selling Shareholders agreed to sell to the Underwriters, and the Underwriters agreed to purchase from the Selling Shareholders, subject to and upon the terms and conditions set forth therein, 11,100,000 Class A shares representing limited partner interests in the Company (the “Class A Shares”) at a price of $27.00 per Class A Share, less underwriting discounts (the “Secondary Offering”).”

Hess Midstream LP reported first quarter of 2023 results: revenue $305.0 million, net income $20.7 million, EPS $0.47 basic earnings per Class A share.

“these non‐GAAP measures to GAAP reporting measures appear in the following pages of this release. Financial Results Revenues and other income in the first quarter of 2023 were $305.0 million compared with $312.4 million in the prior-year quarter. First quarter 2023 revenues included $17.5 million of pass-through electricity, produced water trucking and disposal costs”

Hess Midstream LP completed an acquisition involving Hess Investments North Dakota LLC and GIP II Blue Holding, L.P. for aggregate purchase price of approximately $100 million (closed 2023-03-30).

“On March 27, 2023, Hess Midstream LP, a Delaware limited partnership (the “Company”), Hess Midstream Operations LP, a Delaware limited partnership and a subsidiary of the Company that holds all of the Company’s operating assets (“HESM OpCo” and, together with the Company, the “Partnership Entities”), Hess Investments North Dakota LLC, a Delaware limited liability company (“HINDL”), and GIP II Blue Holding, L.P., a Delaware limited partnership (“GIP” and, together with HINDL, the “Sponsors” and each, a “Sponsor”), entered into a Unit Repurchase Agreement (the “Repurchase Agreement”) pursuant to which HESM OpCo agreed to purchase from the Sponsors (divided equally between the Sponsors) 3,619,254 Class B units representing limited partner interests in HESM OpCo (the “Class B Units” and such Class B Units subject to the Repurchase Agreement, the “Repurchased Units”) for an aggregate purchase price of approximately $100 million (the “Repurchase Transaction”). The Repurchase Transaction was”

Hess Midstream LP entered into Unit Repurchase Agreement with Hess Investments North Dakota LLC and GIP II Blue Holding, L.P. valued at approximately $100 million (effective 2023-03-27).

“On March 27, 2023, Hess Midstream LP, a Delaware limited partnership (the “Company”), Hess Midstream Operations LP, a Delaware limited partnership and a subsidiary of the Company that holds all of the Company’s operating assets (“HESM OpCo” and, together with the Company, the “Partnership Entities”), Hess Investments North Dakota LLC, a Delaware limited liability company (“HINDL”), and GIP II Blue Holding, L.P., a Delaware limited partnership (“GIP” and, together with HINDL, the “Sponsors” and each, a “Sponsor”), entered into a Unit Repurchase Agreement (the “Repurchase Agreement”) pursuant to which HESM OpCo agreed to purchase from the Sponsors (divided equally between the Sponsors) 3,619,254 Class B units representing limited partner interests in HESM OpCo (the “Class B Units” and such Class B Units subject to the Repurchase Agreement, the “Repurchased Units”) for an aggregate purchase price of approximately $100 million (the “Repurchase Transaction”).”

Hess Midstream LP reported the fourth quarter of 2022 results: revenue $314.6 million, net income $149.8 million, EPS $0.49 basic earnings per Class A share.

“these non‐GAAP measures to GAAP reporting measures appear in the following pages of this release. Financial Results Revenues and other income in the fourth quarter of 2022 were $314.6 million compared with $316.3 million in the prior-year quarter. Fourth quarter 2022 revenues included $16.7 million of pass-through electricity, produced water trucking and disposal”

James K. Lee was appointed as Member of the Board of Directors at Hess Midstream LP.

“James K. Lee, an Investment Principal of Global Infrastructure Partners (“ GIP ”), was appointed to succeed Mr. Harris as a member of the Board, effective immediately.”

Matthew C. Harris resigned as Member of the Board of Directors at Hess Midstream LP.

“On February 22, 2022, Matthew C. Harris resigned from the board of directors (the “ Board ”) of Hess Midstream GP LLC (“ HESM GP ”), the general partner of Hess Midstream GP LP (together with HESM GP, the “ General Partner ”), the general partner of Hess Midstream LP (the “ Partnership ”), effective immediately.”