Hess Midstream LP Announces Increased Quarterly Distribution

Rhea-AI Summary

Hess Midstream LP (NYSE: HESM) announced a quarterly cash distribution of $0.5104 per Class A share for the quarter ending September 30, 2021. This marks a 1.2% increase from the previous quarter, translating to a 5% annualized increase. The distribution payment is scheduled for November 12, 2021, to shareholders on record as of November 4, 2021.

Hess Midstream focuses on operating, developing, and acquiring midstream assets in the Bakken and Three Forks Shale plays in the Williston Basin, North Dakota.

Positive

• Quarterly cash distribution increased by 1.2% from the previous quarter.
• Annualized increase of 5% in cash distribution.

Negative

• None.

HOUSTON--(BUSINESS WIRE)-- Hess Midstream LP (NYSE: HESM) (“Hess Midstream”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.5104 per Class A share for the quarter ended September 30, 2021. The distribution represents a 1.2% increase compared to the distribution on the Hess Midstream Class A shares for the second quarter of 2021, which equals a 5% increase on an annualized basis. The distribution will be payable on November 12, 2021 to shareholders of record as of the close of business on November 4, 2021.

About Hess Midstream

Hess Midstream LP is a fee-based, growth-oriented midstream company that operates, develops and acquires a diverse set of midstream assets to provide services to Hess Corporation 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. More information is available at www.hessmidstream.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211025005695/en/

Investor Contact:

Jennifer Gordon

(212) 536-8244

Media Contact:

Robert Young

(346) 319 8783

Source: Hess Midstream LP

FAQ

What is the latest cash distribution for Hess Midstream (HESM)?

Hess Midstream has declared a cash distribution of $0.5104 per Class A share for the quarter ended September 30, 2021.

When will the cash distribution for HESM be paid?

The cash distribution will be payable on November 12, 2021, to shareholders of record as of the close of business on November 4, 2021.

How much has Hess Midstream's distribution increased?

The distribution represents a 1.2% increase from the previous quarter, equating to a 5% increase on an annualized basis.