Highest-materiality recent filing
Hess Midstream LP Reports Q1 2026 Results; Raises Free Cash Flow Guidance
Net income of $157.7M and adjusted EBITDA of $299.8M in Q1 2026.
Hess Midstream announces $60M repurchase: $18M sponsor buyback + $42M ASR
Repurchased 455,811 Class B units from Chevron affiliate at $39.49/unit for ~$18M.
Hess Midstream Q4 2025 EPS $0.72, Adj. EBITDA $309M, distribution raised to $0.7641
Net income $168M; diluted EPS $0.72 vs $0.68 in Q4 2024.
Hess Midstream Q3 net income $175.5M, EPS $0.75, dividend increased 2.4% QoQ
Net income $175.5M ($0.75 basic EPS) vs $164.7M ($0.63) in Q3 2024; adjusted EBITDA $320.7M.
Subsidiary Hess Midstream Operations LP repurchases 695,894 Class B units from Chevron affiliate for ~$30M at $43.11/share.
Hess Midstream Q2 net income $179.7M, EPS $0.74; distribution raised 3.8% QoQ
Net income attributable to HESM $90.3M ($0.74 basic EPS) vs $0.59 YoY; Adjusted EBITDA $316M.
Chevron closes Hess merger; Hess Midstream gets new board, Jonathan Stein named CEO
Chevron indirectly owns ~37.8% consolidated interest in Hess Midstream after Merger completion.
GIP affiliate offers 15,022,517 Class A shares; HESM receives no proceeds.
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.
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.
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.
Max materiality 0.90 · Median 0.65 · Most common event earnings