Past year: ▼ 3%(33.03 – 40.83 USD)
Each one in plain English, with the numbers worked through for a shareholder.
4 Mar 2026material agreement● Neutral
Hess Midstream bought back a further, smaller $18 million of units solely from HINDL (Chevron's subsidiary), continuing the gradual wind-down of sponsor-held units under Hess Midstream's new, Chevron-linked ownership structure.
6 Aug 2025material agreement● NeutralMajor
Hess Midstream bought back about $30 million of units, this time solely from HINDL, which the filing newly discloses is now an indirect, wholly owned subsidiary of Chevron Corporation - confirming Chevron's 2025 acquisition of Hess Corporation has flowed through to Hess Midstream's own sponsor structure. GIP was not part of this particular repurchase.
7 May 2025material agreement● Neutral
Hess Midstream bought back about $190 million of units from its sponsors - a larger-than-usual repurchase - at $36.88 per unit.
12 Feb 2025debt financing● Neutral
GIP/BlackRock sold 10-11 million more HESM shares to the public, and Hess Midstream simultaneously raised $800 million in new 5.875% senior notes due 2028 - its largest single debt raise in the recurring capital-recycling program.
15 Jan 2025asset acquisition disposition● NeutralMajor
Hess Midstream's latest ~$100 million sponsor unit repurchase disclosed, for the first time, that the BlackRock acquisition of Global Infrastructure Partners had closed - GIP is now described as "a part of BlackRock" - and gave the post-repurchase ownership split as roughly 47.9% public, 14.3% GIP/BlackRock and 37.8% Hess Corporation.
20 Sept 2024material agreement● Neutral
GIP sold another 10 million HESM shares to the public in a solo secondary offering.
11 Sept 2024asset acquisition disposition● Neutral
Hess Midstream bought back about $100 million more of units from its sponsors, continuing the recurring repurchase program.
26 June 2024asset acquisition disposition● Neutral
Hess Midstream bought back about $100 million more of units from its sponsors, continuing the recurring repurchase program.
31 May 2024material agreement● Neutral
GIP sold another 10 million HESM shares to the public in a solo secondary offering.
16 May 2024debt financing● Neutral
Hess Midstream issued $600 million of new 6.500% senior notes due 2029, at a notably higher coupon than its prior debt raises, to help fund its ongoing sponsor unit repurchases.
16 May 2024auditor change● Neutral
Hess Midstream switched auditors from Ernst & Young to PricewaterhouseCoopers because sponsor Global Infrastructure Partners was itself about to be acquired by BlackRock, Inc. - a deal that would have compromised EY's independence once GIP became a BlackRock affiliate.
14 Mar 2024asset acquisition disposition● Neutral
Hess Midstream bought back about $100 million more of units from its sponsors, continuing the recurring repurchase program.
8 Feb 2024material agreement● Neutral
GIP again sold 10 million HESM shares to the public in a solo secondary offering.
16 Nov 2023asset acquisition disposition● Neutral
Hess Midstream bought back about $100 million more of units from its sponsors, continuing the recurring repurchase program.
22 Sept 2023asset acquisition disposition● Neutral
Hess Midstream bought back about $100 million more of units from its sponsors, continuing the recurring repurchase program.
17 Aug 2023material agreement● Neutral
Global Infrastructure Partners sold 10 million HESM shares to the public on its own this time (without a parallel Hess sale), continuing to reduce its stake.
29 June 2023asset acquisition disposition● Neutral
Hess Midstream bought back another roughly $100 million of units from its sponsors, continuing the recurring repurchase program.
19 May 2023material agreement● Neutral
Hess and GIP sold more HESM shares to the public in another secondary offering, continuing their gradual sell-down.
30 Mar 2023asset acquisition disposition● Neutral
Hess Midstream bought back about $100 million of units from its sponsors, the latest round of its recurring capital-recycling program.
15 July 2022debt financing▲ Good
Hess Midstream refinanced its credit facility (originally set up at the 2019 reorganization), keeping the $1 billion revolver and $400 million term loan but pushing the maturity out from December 2024 to July 2027, adding a $750 million expansion option, and switching its interest-rate benchmark from LIBOR to SOFR.
8 Apr 2022debt financing● Neutral
Hess Midstream issued $400 million of new 5.500% senior notes due 2030 to fund that unit repurchase.
4 Apr 2022asset acquisition disposition● Neutral
Hess Midstream agreed to a $400 million unit repurchase from its sponsors, paired with another secondary share offering - repeating the capital-recycling pattern established in mid-2021.
8 Oct 2021material agreement● Neutral
Hess and GIP sold another roughly 7.5 million HESM shares to the public in a second secondary offering, continuing the gradual sell-down of their sponsor stakes.
10 Aug 2021asset acquisition disposition● Neutral
Hess Midstream funded that $750 million sponsor unit repurchase by issuing $750 million of new 4.250% senior notes due 2030.
30 July 2021material agreement● NeutralMajor
Hess Midstream agreed to buy back $750 million of ownership units directly from its sponsors Hess and GIP - the first of what would become a recurring pattern of unit repurchases funded by new debt, gradually converting sponsor-held units into public float.
15 Mar 2021material agreement● Neutral
Hess Corporation and Global Infrastructure Partners sold 6 million HESM shares to the public in an underwritten secondary offering - the sponsors gradually monetizing part of their stake without HESM itself raising any new capital.
6 Jan 2021material agreement▲ GoodMajor
Hess Midstream exercised its option to extend its core minimum-volume gathering, processing and terminal agreements with Hess Corporation by another 10 years, through January 2034 - locking in the revenue base underpinning its business for over a decade beyond the original 2024 expiration.
23 Dec 2020material agreement● Neutral
Hess Midstream amended its core fee agreements with Hess Corporation - its majority owner and primary customer - to calculate fees off actual (rather than forecasted) operating and maintenance costs starting in 2021, a technical recalibration of the commercial terms.
17 Dec 2019asset acquisition disposition▲ GoodMajor
The reorganization closed: Hess Midstream acquired 100% of Hess Infrastructure Partners from Hess Corporation and Global Infrastructure Partners (their 80% stake in the core pipeline joint ventures, 100% of the produced-water business, and all incentive distribution rights) for about $1.15 billion of assumed debt, roughly 230 million newly issued limited partner units, and about $550 million cash - giving Hess Midstream 100% ownership of its underlying midstream assets for the first time.
17 Dec 2019business combination● Neutral
Hess Midstream LP formally became the new public registrant (ticker HESM, NYSE) succeeding Hess Midstream Partners LP, completing the corporate reshuffle into the simplified Up-C structure.
