2 Aug 2021quarterly activities report● Neutral
Hess Midstream LP reported quarterly revenue of $294.8 million and net income of $11.0 million for the period ended 2021-06-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
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.
28 July 2021quarterly activities report● Neutral
Hess Midstream LP reported quarterly revenue of $294.8 million and net income of $11.0 million for the period ended 2021-06-30.
17 May 2021director interest notice● Neutral
Hess Midstream LP Chairman and CEO John B Hess sold 258,550 shares.
10 May 2021substantial holder notice● Neutral
Invesco Ltd reported a Hess Midstream LP shareholding of 2,145,408 shares (8.90% of votes) in a periodic institutional filing.
6 May 2021quarterly activities report● Neutral
Hess Midstream LP reported quarterly revenue of $288.8 million and net income of $8.6 million for the period ended 2021-03-31.
28 Apr 2021quarterly activities report● Neutral
Hess Midstream LP reported quarterly revenue of $288.8 million and net income of $8.6 million for the period ended 2021-03-31.
16 Mar 2021director interest notice● Neutral
Hess Midstream LP director J Patrick Reddy exercised stock options for 6,069 shares and disposed of 6,069 shares.
16 Mar 2021substantial holder notice● Neutral
GIP II Blue Holding Partnership, L.P, GIP Blue Holding GP, LLC, Global Infrastructure GP II, L.P, Global Infrastructure Investors II, LLC reported a Hess Midstream LP shareholding of 130,656,464 shares (84.40% of votes) in a periodic institutional filing.
16 Mar 2021director interest notice● Neutral
Hess Midstream LP director Stephen J J Letwin exercised stock options for 6,069 shares and disposed of 6,069 shares.
16 Mar 2021substantial holder notice● Neutral
Hess Midstream GP LP, Hess Midstream GP LLC, Hess Infrastructure Partners GP LLC, Hess Investments North Dakota LLC, Hess Corporation reported a Hess Midstream LP shareholding of 130,656,464 shares (84.40% of votes) in a periodic institutional filing.
16 Mar 2021director interest notice● Neutral
Hess Midstream LP director David W Niemiec exercised stock options for 6,069 shares and disposed of 6,069 shares.
16 Mar 2021director interest notice● Neutral
Hess Midstream LP director Hess Infrastructure Partners Gp LLC disposed of 6,900,000 shares via option/appreciation-right settlement.
16 Mar 2021director interest notice● Neutral
Hess Midstream LP President and COO John A. Gatling exercised stock options for 7,781 shares and disposed of 9,676 shares.
16 Mar 2021director interest notice● Neutral
Hess Midstream LP Chief Financial Officer Jonathan C. Stein exercised stock options for 7,781 shares and disposed of 11,574 shares.
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.
11 Mar 2021securities registration● Neutral
Hess Midstream LP filed a prospectus supplement covering resales by selling shareholders.
11 Mar 2021securities registration● Neutral
Hess Midstream LP filed a prospectus supplement for an offering off its existing shelf.
9 Mar 2021director interest notice● Neutral
Hess Midstream LP director J Patrick Reddy received a stock option grant for 2,902 shares.
9 Mar 2021director interest notice● Neutral
Hess Midstream LP director David W Niemiec received a stock option grant for 2,902 shares.
9 Mar 2021director interest notice● Neutral
Hess Midstream LP Chief Financial Officer Jonathan C. Stein acquired 18,885 shares and disposed of 10,349 in a set of related equity transactions.
9 Mar 2021director interest notice● Neutral
Hess Midstream LP President and COO John A. Gatling acquired 18,885 shares and disposed of 9,606 in a set of related equity transactions.
9 Mar 2021director interest notice● Neutral
Hess Midstream LP director Stephen J J Letwin received a stock option grant for 2,902 shares.
12 Feb 2021substantial holder notice● Neutral
Tortoise Capital Advisors, L.L.C reported a Hess Midstream LP shareholding of 680,936 shares (3.80% of votes) in a periodic institutional filing.
9 Feb 2021substantial holder notice● Neutral
Invesco Ltd reported a Hess Midstream LP shareholding of 2,741,651 shares (15.20% of votes) in a periodic institutional filing.
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.
5 Nov 2020quarterly activities report● Neutral
Hess Midstream LP reported quarterly revenue of $264.8 million and net income of $5.6 million for the period ended 2020-09-30.
28 Oct 2020quarterly activities report● Neutral
Hess Midstream LP reported quarterly revenue of $264.8 million and net income of $5.6 million for the period ended 2020-09-30.
18 Aug 2020director interest notice● Neutral
Hess Midstream LP President and COO John A. Gatling bought 1,084 shares on the open market at $18.57.