Welcome to our dedicated page for Hess Midstream P SEC filings (Ticker: HESM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Hess Midstream LP (NYSE: HESM) SEC filings page on Stock Titan provides access to the partnership’s regulatory disclosures as filed with the U.S. Securities and Exchange Commission. Hess Midstream’s Class A shares representing limited partner interests are registered under Section 12(b) of the Exchange Act and trade on the New York Stock Exchange, so its filings offer detailed insight into this fee‑based midstream business.
Through Forms 8‑K, Hess Midstream reports material events such as governance changes, leadership transitions, unit and share repurchase agreements and the release of quarterly financial results. Recent 8‑K filings describe items including a unit repurchase agreement with an indirect Chevron subsidiary, an accelerated share repurchase agreement for Class A shares, the completion of a secondary public offering by an affiliate of Global Infrastructure Partners, updates to the board of directors and changes in executive officers.
Investors can also use Hess Midstream’s periodic reports, such as the Annual Report on Form 10‑K and Quarterly Reports on Form 10‑Q, to review segment information, related‑party relationships with Chevron and its subsidiaries, and definitions and reconciliations of non‑GAAP measures like Adjusted EBITDA, Adjusted Free Cash Flow and Gross Adjusted EBITDA Margin. These documents explain how the company’s oil, gas and produced water handling assets in the Bakken and Three Forks Shale plays support its fee‑based revenue model.
Stock Titan enhances these filings with AI‑powered summaries that highlight key points, such as changes in ownership structure, updates to commercial agreements, capital allocation actions and governance provisions requiring independent director approval for certain decisions. Users can quickly scan new 8‑K, 10‑Q and 10‑K filings, as well as insider‑related disclosures where applicable, while retaining the ability to review the full original documents sourced in real time from EDGAR.
Hess Midstream LP reported first quarter 2026 net income of $157.7 million, slightly below $161.4 million a year earlier, while revenue rose to $390.1 million from $382.0 million. Net income attributable to Hess Midstream LP was $87.6 million, or $0.68 per Class A share, up from $0.65 per share.
Adjusted EBITDA was $299.8 million, net cash from operations was $253.3 million, and Adjusted Free Cash Flow reached $237.0 million. Capital expenditures fell to $10.4 million from $50.1 million, reflecting completion of prior growth projects.
The company repurchased $42.0 million of Class A shares and $18.0 million of Class B units and raised its quarterly cash distribution to $0.7792 per Class A share. For 2026, it now expects capital expenditures of about $105 million and Adjusted Free Cash Flow of $910–$960 million, with net income guidance of $650–$700 million and Adjusted EBITDA of $1,225–$1,275 million.
Hess Midstream (HESM) Schedule 13G/A amends reported passive ownership: ALPS Advisors, Inc. reports shared voting and dispositive power over 30,880,193 common units (23.87%) and Alerian MLP ETF reports shared voting and dispositive power over 30,496,065 common units (23.57%).
Both reporting persons state the units are owned by investment funds advised by ALPS Advisors, and ALPS Advisors disclaims beneficial ownership while acknowledging it furnishes investment advice to the Funds.
Hess Midstream LP Chief Executive Officer Jonathan C. Stein reported a routine equity compensation event involving 2025 phantom shares. On March 8, 2026, he exercised 2,066 2025 phantom shares, which settled into 2,066 Class A shares at a conversion price of $0.00 per share under the 2017 Long Term Incentive Plan.
To cover required tax obligations at settlement, 1,048 Class A shares were withheld at $38.92 per share, leaving him with 60,963 Class A shares held directly after these transactions. Following the exercise, he also holds 4,133 2025 phantom shares, which the filing states will vest ratably on March 8, 2027 and March 8, 2028 and have no expiration date.
Hess Midstream LP director J Patrick Reddy converted 1,612 2025 phantom shares into 1,612 Class A shares at an exercise price of $0.00 per share. These phantom shares, each economically equivalent to one Class A share, vested on March 8, 2026.
On the same date, he received a grant of 1,656 2026 phantom shares, also economically equivalent to Class A shares and scheduled to vest on March 8, 2027. Following these transactions, he holds 24,437 Class A shares directly and 1,656 phantom shares.
Hess Midstream LP director Stephen J J Letwin reported routine equity compensation activity. He exercised 1,612 2025 phantom shares into 1,612 Class A shares at an effective price of $0.00 per share, increasing his direct Class A holdings to 32,423 shares. He also received a new grant of 1,656 2026 phantom shares, each economically equivalent to one Class A share and scheduled to vest on March 8, 2027.
Hess Midstream LP President and COO Michael Scott Bast reported the cashless settlement of phantom share awards into Class A shares. He exercised derivative awards covering 3,445 Class A shares granted under the 2017 Long Term Incentive Plan, with 893 shares withheld at $38.9200 per share to cover required tax obligations. Following these compensation-related transactions, he holds 3,352 Class A shares directly. Footnotes note that 2023 phantom shares vested on March 8, 2026, and remaining 2024 and 2025 phantom shares are scheduled to vest in 2027 and 2028 with no expiration date.
Hess Midstream LP director David W. Niemiec reported routine equity compensation activity. He exercised 1,612 2025 phantom shares, receiving 1,612 Class A shares, with each phantom share economically equivalent to one Class A share. The 2025 phantom shares vested on March 8, 2026.
On the same date, he was granted 1,656 2026 phantom shares for his service as director. These phantom shares will vest on March 8, 2027 and have no expiration date. Following these transactions, Niemiec directly holds 50,527 Class A shares and 1,656 phantom shares.
CHEVRON CORP reported disposition transactions in this Form 4 filing.
Hess Midstream LP reported an internal equity adjustment involving affiliated holders. Hess Midstream Operations LP repurchased 455,811 Opco Class B Units from Hess Investments North Dakota LLC (HINDL), followed by the cancellation of those units and the related cancellation for no consideration of 455,811 Class B Shares.
The securities are held of record by HINDL, a wholly owned subsidiary of Hess Corporation, which is itself wholly owned by Chevron Corporation. Chevron and Hess state they may be deemed to beneficially own these securities through HINDL but disclaim beneficial ownership except to the extent of any pecuniary interest.
Chevron Corporation, Hess Corporation and Hess Investments North Dakota LLC updated their Schedule 13D for Hess Midstream LP to reflect current ownership and a recent unit repurchase. The reporting group beneficially owns 78,276,485 Class A Shares, representing 37.8% of Hess Midstream’s Class A Shares outstanding as of March 2, 2026.
Hess Midstream Operations LP agreed to repurchase 455,811 Opco Class B Units from Hess Investments North Dakota LLC for approximately $18 million, or $39.49 per unit, under a March 2, 2026 Unit Repurchase Agreement. The transaction closed on March 4, 2026, and the repurchased units and an equal number of associated Class B Shares were cancelled.
Hess Midstream LP approved a combined $60 million equity repurchase, split between sponsor-held units and publicly traded Class A shares. Its subsidiary agreed to buy 455,811 Class B units from a Chevron affiliate for approximately $18 million at $39.49 per unit, with those units then cancelled.
The company also entered into a $42 million accelerated share repurchase with JPMorgan, initially receiving 744,492 Class A shares, with the final share count set by volume-weighted average prices through March 2026. Management states these actions support its framework for at least 5% annual distribution growth through 2028 and about $1 billion of expected financial flexibility over that period.