Hess Midstream LP
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About
Hess Midstream LP is a fee-based, growth-oriented midstream company that owns, operates, develops and acquires a diverse set of midstream assets to provide services to Hess Corp. and third-party customers. Hess Midstream owns oil, gas and produced water handling assets that are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota.
Editor's note: Updated April 21, 2022.
Transactions
Hess Midstream To Buy Bakken Tioga System In $60 Million Bolt-On
Hess Midstream To Buy Bakken Tioga System In $60 Million Bolt-On
Hess Midstream, Targa To Build Gas Processing Plant In Bakken Core
Hess Midstream, Targa To Build Gas Processing Plant In Bakken Core
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New Financings
Consolidated subsidiary Hess Midstream Operations LP announced that it has priced 5.500% senior unsecured…
Announced the upsizing and pricing of an underwritten public offering of an aggregate 8.9 million Class A…
Executed a definitive agreement providing for the repurchase of Class B units by its subsidiary, Hess…
Priced an underwritten public offering of 7.5 million Class A shares representing limited partner…
Priced a private offering by its subsidiary Hess Midstream Operations LP of 4.250% senior unsecured notes…
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News
Dividends Declared the Week of Oct. 28
Here is a compilation of dividends declared this week for select upstream, midstream and downstream companies.
Howard: The Implications of ONEOK's M&A Binge
ONEOK’s M&A binge has propelled it to near the top of the sector. With so much midstream consolidation, what are its implications?Â
Hess Midstream Repurchases $100MM Class B Units
Hess Midstream repurchased more than 2.7 million Class B units as part of its strategy to deliver shareholder returns.
Hess Midstream Subsidiary Plans Private Offering of Senior Notes
The proposed issuance is not expected to have a meaningful impact on Hess Midstream’s leverage and credit profile, according to Fitch Ratings.
Hess Midstream Increases Class A Distribution
Hess Midstream has increased its quarterly distribution per Class A share by approximately 45% since the first quarter of 2021.
Hess Midstream Subsidiary to Buy Back $100MM of Class B Units
Hess Midstream subsidiary Hess Midstream Operations will repurchase approximately 2 million Class B units equal to 1.2% of the company.
Hess Midstream Announces 10 Million Share Secondary Offering
Global Infrastructure Partners, a Hess Midstream affiliate, will act as the selling shareholder and Hess Midstream will not receive proceeds from the public offering of shares.
Which Assets Will Chevron Shop After $53B Hess Deal?
Chevron is entering the Bakken Shale play in a big way through its $53 billion acquisition of Hess Corp. After closing, will the supermajor be in North Dakota to stay?
Hess Midstream Increases Cash Distribution
Hess Midstream upped its quarterly distribution 2.7%, which will be payable on Nov. 14 to Class A shareholders on record by Nov. 2.
Hess Midstream to Buyback $100 Million of Units
Hess Midstream will repurchase $100 million worth of units from the company’s sponsors, Hess Corp. and Global Infrastructure Partners.
Back-to-School Trends in Midstream
As various areas of the U.S. return to school, here's a recap of what's been going on in the publicly traded stock side of the midstream space.
Hess Midstream Announces Secondary Offering
Hess Midstream announced the pricing of 10 million Class A shares representing limited partner interests at $28.80 per share.
Hess Midstream Grows Quarterly Distribution
The quarterly cash distribution is up 2.7% compared with first-quarter 2023, Hess Midstream said.
Strong Earnings, Promising Outlooks for Enterprise, Magellan, Hess Midstream
In a strong earnings season, Enterprise surpassed $9 billion in EBITDA, Magellan beat earnings per share guidance and Hess Midstream weathered a tough winter to please investors.
Morgan Stanley: Capital Flowing into Midstream but Investors Should Be Picky
Despite risks, the midstream sector appears to be well-positioned for the second half of 2021.