Welcome to our dedicated page for Hess Midstream LP news (Ticker: HESM), a resource for investors and traders seeking the latest updates and insights on Hess Midstream LP stock.
Hess Midstream LP Class A Share (symbol: HESM) represents a limited partner interest in a company that focuses on processing natural gas and fractionating natural gas liquids (NGLs) in the United States. Founded in 2014 and headquartered in Houston, Texas, Hess Midstream Partners LP operates under its general partner, Hess Midstream Partners GP LLC.
The company operates through three primary segments:
- Gathering: This segment includes natural gas gathering and compression, crude oil gathering, and produced water gathering and disposal. It forms the backbone of the company's operations, contributing the majority of its revenue.
- Processing and Storage: Hess Midstream processes natural gas and stores NGLs, ensuring efficient and safe handling of these valuable resources.
- Terminaling and Exporting: This segment focuses on terminaling and loading crude oil and NGLs, transporting crude oil through rail cars, and storing and terminaling propane.
Hess Midstream LP’s core business is to own, operate, develop, and acquire a diverse set of midstream assets, providing fee-based services to Hess Corporation and third-party customers. The company has made significant strides in its recent projects, including the development of new infrastructure to enhance its capacity and efficiency. Financially, Hess Midstream has shown a solid performance with consistent revenue generation from its gathering segment.
Partnerships play a crucial role in Hess Midstream's operations. The company's strategic alliances enable it to expand its service offerings and optimize operational efficiencies. By leveraging these partnerships, Hess Midstream continues to provide high-quality, reliable services to its clients.
Hess Midstream (NYSE: HESM) announced its participation in the J.P. Morgan Energy, Power & Renewables Conference on June 18, 2024. Chief Financial Officer Jonathan Stein and Vice President of Investor Relations Jennifer Gordon will represent the company. Investors can access the presentation in the 'Investors' section of the Hess Midstream website.
Hess Midstream LP (NYSE: HESM) announced the pricing for a secondary public offering of 10 million Class A shares by Global Infrastructure Partners, yielding gross proceeds of $343 million. The underwriter has an option to purchase up to 1.5 million additional shares. HESM will not receive proceeds from this sale. The offering will close on May 31, 2024, pending customary conditions, with J.P. Morgan as the bookrunning manager. Shares will be sold through various market transactions. The offering is underpinned by a prospectus and base prospectus filed with the SEC.
Hess Midstream LP (NYSE: HESM) has announced the launch of an underwritten public offering of 10,000,000 Class A shares by an affiliate of Global Infrastructure Partners. The underwriters, led by J.P. Morgan, have a 30-day option to purchase an additional 1,500,000 shares. HESM will not receive any proceeds from this sale. The shares will be offered on the NYSE, in over-the-counter markets, or through negotiated transactions. The offering is made through a prospectus and accompanying base prospectus filed with the SEC. This announcement does not constitute an offer or solicitation to buy the securities.
Hess Midstream Operations LP, a subsidiary of Hess Midstream LP, has priced $600 million senior unsecured notes due 2029 in a private offering, an increase from the initially announced $500 million. The proceeds will be used to reduce debt and for general corporate purposes. The offering is expected to close on May 16, 2024.
Hess Midstream Operations LP, a subsidiary of Hess Midstream LP, announced a private offering of $500 million senior unsecured notes due 2029. The proceeds will be used to reduce outstanding debt and for general corporate purposes.
Hess Midstream LP (NYSE: HESM) will attend investor conferences with key executives in May 2024 and has shared a presentation on their website.
FAQ
What is the current stock price of Hess Midstream LP (HESM)?
What is the market cap of Hess Midstream LP (HESM)?
What is Hess Midstream LP?
What are the primary segments of Hess Midstream LP's operations?
Where is Hess Midstream LP headquartered?
When was Hess Midstream LP founded?
What services does Hess Midstream LP provide?
Who are the main customers of Hess Midstream LP?
What is the main revenue-generating segment for Hess Midstream LP?
How does Hess Midstream LP transport crude oil?
What role do partnerships play in Hess Midstream LP's operations?
What recent achievements has Hess Midstream LP made?
