Articles from Hess Midstream LP

Hess Midstream LP (NYSEHESM) (“Hess Midstream”), today announced the execution of a definitive agreement providing for the repurchase of approximately $100 million of Class B units by its subsidiary, Hess Midstream Operations LP, from affiliates of Hess Corporation and Global Infrastructure Partners, a part of BlackRock, Hess Midstream’s sponsors (the “Sponsors”). The terms of the proposed unit repurchase transaction were unanimously approved by the Board of Directors of Hess Midstream’s general partner, based on the unanimous approval and recommendation of its conflicts committee composed solely of independent directors.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, will meet with investors at the Goldman Sachs Energy, Clean Tech & Utilities Conference on January 7, 2025, and at the UBS Global Energy & Utilities Conference on January 14, 2025.

Hess Midstream LP (NYSEHESM) today announced publication of its 2023 Sustainability Report as part of its commitment to transparency about environmental, social and governance plans and performance. The report is available on the Hess Midstream website.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, will meet with investors at the Wells Fargo Midstream, Energy & Utilities Symposium on December 10-11, 2024.

Hess Midstream LP (NYSEHESM) (“Hess Midstream” or the "company") today reported third quarter 2024 net income of $164.7 million compared with net income of $164.8 million for the third quarter of 2023. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $58.6 million, or $0.63 basic earnings per Class A share, compared with $0.57 basic earnings per Class A share in the third quarter of 2023. Hess Midstream generated Adjusted EBITDA of $286.9 million. Net cash provided by operating activities was $224.9 million and Adjusted Free Cash Flow was $141.4 million.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.6846 per Class A share for the quarter ended September 30, 2024, an increase of $0.0169 per Class A share as compared with the second quarter of 2024. This quarterly increase includes incremental distribution per Class A share growth utilizing excess adjusted free cash flow available for distributions following Hess Midstream’s accretive $100 million unit repurchase in September 2024 and, on an annualized basis, is significantly above Hess Midstream’s targeted 5% growth in annual distributions per Class A share through 2026.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, October 30, 2024, at 12:00 p.m. Eastern Time to discuss its third quarter 2024 earnings release.

Hess Midstream LP (NYSEHESM) (“HESM”) today announced the upsizing and pricing of the previously announced underwritten public offering of an aggregate 11,000,000 Class A shares representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners (the “Selling Shareholder”). The offering was upsized from the previously announced offering of 10,000,000 Class A shares. The Selling Shareholder has granted the underwriter a 30-day option to purchase up to 1,650,000 additional Class A shares.

Hess Midstream LP (NYSEHESM) (“HESM”) today announced the commencement of an underwritten public offering of an aggregate of 10,000,000 Class A shares representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners (the “Selling Shareholder”). The Selling Shareholder intends to grant the underwriters a 30-day option to purchase up to 1,500,000 additional Class A shares. HESM will not receive any proceeds from the sale of Class A shares in the offering.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”), today announced the execution of a definitive agreement providing for the repurchase of approximately $100 million of Class B units by its subsidiary, Hess Midstream Operations LP, from affiliates of Hess Corporation and Global Infrastructure Partners, Hess Midstream’s sponsors (the “Sponsors”). The terms of the proposed unit repurchase transaction were unanimously approved by the Board of Directors of Hess Midstream’s general partner, based on the unanimous approval and recommendation of its conflicts committee composed solely of independent directors.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, will meet with investors at the Barclays Annual CEO Energy-Power Conference on September 3, 2024.

Hess Midstream LP (NYSEHESM) (“Hess Midstream” or the "company") today reported second quarter 2024 net income of $160.3 million compared with net income of $147.9 million for the second quarter of 2023. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $49.5 million, or $0.59 basic earnings per Class A share, compared with $0.50 basic earnings per Class A share in the second quarter of 2023. Hess Midstream generated Adjusted EBITDA of $276.5 million. Net cash provided by operating activities was $271.6 million and Adjusted Free Cash Flow was $156.4 million.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.6677 per Class A share for the quarter ended June 30, 2024, an increase of $0.0161 per Class A share as compared with the first quarter of 2024. This quarterly increase includes incremental distribution per Class A share growth utilizing excess adjusted free cash flow available for distributions following Hess Midstream’s accretive $100 million unit repurchase in June 2024 and, on an annualized basis, is significantly above Hess Midstream’s targeted 5% growth in annual distributions per Class A share through 2026.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, will meet with investors at the Raymond James Industrial & Energy Showcase on August 8, 2024, and at the Citi Midstream and Infrastructure Conference on August 13-14, 2024.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, July 31, 2024, at 12:00 p.m. Eastern Time to discuss its second quarter 2024 earnings release.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) today announced the execution of a definitive agreement providing for the repurchase of approximately $100 million of Class B units by its subsidiary, Hess Midstream Operations LP, from affiliates of Hess Corporation and Global Infrastructure Partners, Hess Midstream’s sponsors (the “Sponsors”). The terms of the proposed unit repurchase transaction were unanimously approved by the Board of Directors of Hess Midstream’s general partner, based on the unanimous approval and recommendation of its conflicts committee composed solely of independent directors.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, will meet with investors at the J.P. Morgan Energy, Power & Renewables Conference on June 18, 2024.

Hess Midstream LP (NYSEHESM) (“HESM”) today announced the pricing of the previously announced underwritten public offering of an aggregate of 10,000,000 Class A shares representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners (the “Selling Shareholder”), resulting in gross proceeds of $343 million, exclusive of any proceeds that may be received in connection with the exercise of the underwriter’s option to purchase additional shares. The Selling Shareholder has granted the underwriter a 30-day option to purchase up to 1,500,000 additional Class A shares.

Hess Midstream LP (NYSEHESM) (“HESM”) today announced the commencement of an underwritten public offering of an aggregate of 10,000,000 Class A shares representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners (the “Selling Shareholder”). The Selling Shareholder intends to grant the underwriters a 30-day option to purchase up to 1,500,000 additional Class A shares. HESM will not receive any proceeds from the sale of Class A shares in the offering.

Hess Midstream Operations LP (the “Issuer”), a consolidated subsidiary of Hess Midstream LP (NYSEHESM) (“HESM” and, together with the Issuer, “Hess Midstream”), today announced that it intends to offer $500 million aggregate principal amount of senior unsecured notes due 2029 (the “Notes”) in a private offering.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, will meet with investors at the Citi Energy and Climate Technology Conference on May 15, 2024, and at the EIC Annual Energy Infrastructure Conference on May 22, 2024.

Hess Midstream LP (NYSEHESM) (“Hess Midstream” or the "company") today reported first quarter 2024 net income of $161.9 million compared with net income of $142.2 million for the first quarter of 2023. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $44.6 million, or $0.60 basic earnings per Class A share, compared with $0.47 basic earnings per Class A share in the first quarter of 2023. Hess Midstream generated Adjusted EBITDA of $275.8 million. Net cash provided by operating activities was $185.3 million and Adjusted Free Cash Flow was $194.2 million.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.6516 per Class A share for the quarter ended March 31, 2024. The distribution represents an approximate 2.7% increase in the quarterly distribution per Class A share for the first quarter of 2024 as compared to the fourth quarter of 2023. This increase consists of an approximate 1.5% increase in Hess Midstream’s distribution level per Class A share in addition to the quarterly 1.2% increase per Class A share consistent with its target of at least 5% growth in annual distributions per Class A share through 2026.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) announced today that it will hold a conference call on Thursday, April 25, 2024, at 12:00 p.m. Eastern Time to discuss its first quarter 2024 earnings release.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”), today announced the execution of a definitive agreement providing for the repurchase of approximately $100 million of Class B units by its subsidiary, Hess Midstream Operations LP, from affiliates of Hess Corporation and Global Infrastructure Partners, Hess Midstream’s sponsors (the “Sponsors”). The terms of the proposed unit repurchase transaction were unanimously approved by the Board of Directors of Hess Midstream’s general partner, based on the unanimous approval and recommendation of its conflicts committee composed solely of independent directors.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”), announced the filing of its annual report on Form 10-K for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission on February 29, 2024. A copy of the annual report is available on Hess Midstream’s website, www.hessmidstream.com, by selecting “Investors” and then “SEC Filings.”

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, will meet with investors at the Raymond James Institutional Investors Conference on March 4, 2024, and at the Morgan Stanley Global Energy & Power Conference on March 7, 2024.

Hess Midstream LP (NYSEHESM) (“HESM”) today announced the pricing of the previously announced underwritten public offering of an aggregate of 10,000,000 Class A shares representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners (the “Selling Shareholder”), resulting in gross proceeds of $331 million, exclusive of any proceeds that may be received in connection with the exercise of the underwriter’s option to purchase additional shares. The Selling Shareholder has granted the underwriter a 30-day option to purchase up to 1,500,000 additional Class A shares.

Hess Midstream LP (NYSEHESM) (“HESM”) today announced the commencement of an underwritten public offering of an aggregate of 10,000,000 Class A shares representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners (the “Selling Shareholder”). The Selling Shareholder intends to grant the underwriters a 30-day option to purchase up to 1,500,000 additional Class A shares. HESM will not receive any proceeds from the sale of Class A shares in the offering.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) today provided financial and operational guidance and expectations.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) today reported fourth quarter 2023 net income of $152.8 million compared with net income of $149.8 million for the fourth quarter of 2022. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $37.5 million, or $0.55 basic earnings per Class A share compared with $0.49 basic earnings per Class A share in the fourth quarter of 2022. Hess Midstream generated Adjusted EBITDA of $264.1 million. Net cash provided by operating activities was $247.6 million and Adjusted Free Cash Flow was $146.6 million.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.6343 per Class A share for the quarter ended December 31, 2023. The distribution represents an approximate 2.7% increase in the quarterly distribution per Class A share for the fourth quarter of 2023 as compared to the third quarter of 2023. This increase consists of an approximate 1.5% increase in Hess Midstream’s distribution level per Class A share in addition to the quarterly 1.2% increase per Class A share consistent with its target of at least 5% growth in annual distributions per Class A share through 2025.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, January 31, 2024, at 12:00 p.m. Eastern Time to discuss its fourth quarter 2023 earnings release.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, will meet with investors at the UBS Global Energy & Utilities Winter Conference on January 9, 2024.

Hess Midstream LP (NYSEHESM) today announced publication of its 2022 Sustainability Report as part of its commitment to transparency about environmental, social and governance plans and performance. The report is available on the Hess Midstream website.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”), today announced the execution of a definitive agreement providing for the repurchase of approximately $100 million of Class B units by its subsidiary, Hess Midstream Operations LP, from affiliates of Hess Corporation and Global Infrastructure Partners, Hess Midstream’s sponsors (the “Sponsors”). The terms of the proposed unit repurchase transaction were unanimously approved by the Board of Directors of Hess Midstream’s general partner, based on the unanimous approval and recommendation of its conflicts committee composed solely of independent directors.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) today reported third quarter 2023 net income of $164.8 million compared with net income of $159.4 million for the third quarter of 2022. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $35.3 million, or $0.57 basic earnings per Class A share compared with $0.53 basic earnings per Class A share in the third quarter of 2022. Hess Midstream generated Adjusted EBITDA of $271.0 million. Distributable Cash Flow (“DCF”) for the third quarter of 2023 was $224.1 million and Adjusted Free Cash Flow was $162.7 million.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.6175 per Class A share for the quarter ended September 30, 2023. The distribution represents an approximate 2.7% increase in the quarterly distribution per Class A share for the third quarter of 2023 as compared to the second quarter of 2023. This increase consists of an approximate 1.5% increase in Hess Midstream’s distribution level per Class A share in addition to the quarterly 1.2% increase per Class A share consistent with its target of at least 5% growth in annual distributions per Class A share through 2025.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, October 25, 2023, at 12:00 p.m. Eastern Time to discuss its third quarter 2023 earnings release.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”), today announced the execution of a definitive agreement providing for the repurchase of approximately $100 million of Class B units by its subsidiary, Hess Midstream Operations LP, from affiliates of Hess Corporation and Global Infrastructure Partners, Hess Midstream’s sponsors (the “Sponsors”). The terms of the proposed unit repurchase transaction were unanimously approved by the Board of Directors of Hess Midstream’s general partner, based on the unanimous approval and recommendation of its conflicts committee composed solely of independent directors.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, will meet with investors at the Citi Midstream / Energy Infrastructure Conference on August 22-23, 2023, and at the Barclays CEO Energy-Power Conference on September 5, 2023.

Hess Midstream LP (NYSEHESM) (“HESM”) today announced the pricing of an underwritten public offering of an aggregate 10,000,000 Class A shares representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners (the “Selling Shareholder”), at a public offering price of $28.80 per Class A share. The Selling Shareholder has granted the underwriter a 30-day option to purchase up to 1,500,000 additional Class A shares at the public offering price less underwriting discounts and commissions.

Hess Midstream LP (NYSEHESM) (“HESM”) today announced the commencement of an underwritten public offering of an aggregate of 10,000,000 Class A shares representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners (the “Selling Shareholder”). The Selling Shareholder intends to grant the underwriters a 30-day option to purchase up to 1,500,000 additional Class A shares. HESM will not receive any proceeds from the sale of Class A shares in the offering.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) today reported second quarter 2023 net income of $147.9 million compared with net income of $151.8 million for the second quarter of 2022. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $25.1 million, or $0.50 basic earnings per Class A share compared with $0.51 basic earnings per Class A share in the second quarter of 2022. Hess Midstream generated Adjusted EBITDA of $248.1 million. Distributable Cash Flow (“DCF”) for the second quarter of 2023 was $202.6 million and Adjusted Free Cash Flow was $154.3 million.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.6011 per Class A share for the quarter ended June 30, 2023. The distribution represents an approximate 2.7% increase in the quarterly distribution per Class A share for the second quarter of 2023 as compared to the first quarter of 2023. This increase consists of an approximate 1.5% increase in Hess Midstream’s distribution level per Class A share in addition to the quarterly 1.2% increase per Class A share consistent with its target of at least 5% growth in annual distributions per Class A share through 2025.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, July 26, 2023, at 12:00 p.m. Eastern Time to discuss its second quarter 2023 earnings release.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”), today announced the execution of a definitive agreement providing for the repurchase of approximately $100 million of Class B units by its subsidiary, Hess Midstream Operations LP, from affiliates of Hess Corporation and Global Infrastructure Partners, Hess Midstream’s sponsors (the “Sponsors”). The terms of the proposed unit repurchase transaction were unanimously approved by the Board of Directors of Hess Midstream’s general partner, based on the unanimous approval and recommendation of its conflicts committee composed solely of independent directors.

Hess Midstream LP (NYSEHESM) (“HESM”) today announced the pricing of an underwritten public offering of an aggregate 11,100,000 Class A shares representing limited partner interests in HESM by a subsidiary of Hess Corporation and an affiliate of Global Infrastructure Partners (the “Selling Shareholders”), at a public offering price of $27.00 per Class A share. The Selling Shareholders have granted the underwriters a 30-day option to purchase up to 1,665,000 additional Class A shares at the public offering price less underwriting discounts and commissions.

Hess Midstream LP (NYSEHESM) (“HESM”) today announced the commencement of an underwritten public offering of an aggregate of 11,100,000 Class A shares representing limited partner interests in HESM by a subsidiary of Hess Corporation and an affiliate of Global Infrastructure Partners (the “Selling Shareholders”). The Selling Shareholders intend to grant the underwriters a 30-day option to purchase up to 1,665,000 additional Class A shares. HESM will not receive any proceeds from the sale of Class A shares in the offering.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, will meet with investors at the Citi Energy and Climate Tech Conference on May 10, 2023, and at the Annual Energy Infrastructure CEO & Investor Conference on May 23, 2023.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) today reported first quarter 2023 net income of $142.2 million compared with net income of $159.6 million for the first quarter of 2022. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $20.7 million, or $0.47 basic earnings per Class A share compared with $0.50 basic earnings per Class A share in the first quarter of 2022. Hess Midstream generated Adjusted EBITDA of $239.0 million. Distributable Cash Flow (“DCF”) for the first quarter of 2023 was $196.6 million and Adjusted Free Cash Flow was $142.2 million.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.5851 per Class A share for the quarter ended March 31, 2023. The distribution represents an approximate 2.7% increase in the quarterly distribution per Class A share for the first quarter of 2023 as compared to the fourth quarter of 2022. This increase consists of an approximate 1.5% increase in Hess Midstream’s distribution level per Class A share in addition to the quarterly 1.2% increase per Class A share consistent with its target of at least 5% growth in annual distributions per Class A share.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, April 26, 2023, at 12:00 p.m. Eastern Time to discuss its first quarter 2023 earnings release.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”), today announced the execution of a definitive agreement providing for the approximately $100 million repurchase of Class B units by its subsidiary, Hess Midstream Operations LP, from affiliates of Hess Corporation and Global Infrastructure Partners, Hess Midstream’s sponsors (the “Sponsors”). The terms of the proposed unit repurchase transaction were unanimously approved by the Board of Directors of Hess Midstream’s general partner (the “Board”), based on the unanimous approval and recommendation of its conflicts committee composed solely of independent directors.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”), announced the filing of its annual report on Form 10-K for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission on February 27, 2023. A copy of the annual report is available on Hess Midstream’s website, www.hessmidstream.com, by selecting “Investors” and then “SEC Filings.”

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) today provided 2023 financial and operational guidance and expectations for 2024 and 2025.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) today reported fourth quarter 2022 net income of $149.8 million compared with net income of $165.1 million for the fourth quarter of 2021. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $21.8 million, or $0.49 basic earnings per Class A share compared with $16.9 million, or $0.51 basic earnings per Class A share in the year-ago quarter. Hess Midstream generated Adjusted EBITDA of $245.1 million. Distributable Cash Flow (“DCF”) for the fourth quarter of 2022 was $202.6 million and Adjusted Free Cash Flow was $144.1 million.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.5696 per Class A share for the quarter ended December 31, 2022. The distribution represents a 1.2% increase compared to the distribution on the Hess Midstream Class A shares for the third quarter of 2022, which equals a 5% increase on an annualized basis. The distribution will be payable on February 13, 2023 to shareholders of record as of the close of business on February 2, 2023.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, January 25, 2023, at 12:00 p.m. Eastern Time to discuss its fourth quarter 2022 earnings release.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) announced today that representatives of Hess Midstream will meet with investors at the Wells Fargo 21st Annual Midstream & Utilities Symposium on December 7, 2022.

Hess Midstream LP (NYSEHESM) today announced publication of its 2021 Sustainability Report as part of its commitment to transparency about environmental, social and governance plans and performance. The report is available on the Hess Midstream website.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, will meet with investors at the Scotiabank Energy Infrastructure Conference on November 16, 2022.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) today reported third quarter 2022 net income of $159.4 million compared with net income of $131.1 million for the third quarter of 2021. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $23.2 million, or $0.53 basic earnings per Class A share compared with $0.39 basic earnings per Class A share in the year-ago quarter. Hess Midstream generated Adjusted EBITDA of $253.6 million. Distributable Cash Flow (“DCF”) for the third quarter of 2022 was $214.8 million and Adjusted Free Cash Flow was $155.6 million.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.5627 per Class A share for the quarter ended September 30, 2022. The distribution represents a 1.2% increase compared to the distribution on the Hess Midstream Class A shares for the second quarter of 2022, which equals a 5% increase on an annualized basis. The distribution will be payable on November 14, 2022 to shareholders of record as of the close of business on November 3, 2022.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, October 26, 2022, at 12:00 p.m. Eastern Time to discuss its third quarter 2022 earnings release.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) announced today that representatives of Hess Midstream will meet with investors at the NYSE Energy and Utilities Investor Access Day on September 14, 2022, and at the Credit Suisse Houston Oil & Gas Conference on September 21, 2022.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, will meet with investors at the Goldman Sachs Power, Utilities, MLPs and Pipelines Conference on August 11, 2022, and at the Citi Midstream and Energy Infrastructure Conference on August 16-17, 2022.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) today reported second quarter 2022 net income of $151.8 million compared with net income of $162.0 million for the second quarter of 2021. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $22.0 million, or $0.51 basic earnings per Class A share compared with $0.44 basic earnings per Class A share in the year-ago quarter. Hess Midstream generated Adjusted EBITDA of $242.6 million. Distributable Cash Flow (“DCF”) for the second quarter of 2022 was $206.2 million and Adjusted Free Cash Flow was $135.7 million.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.5559 per Class A share for the quarter ended June 30, 2022. The distribution represents a 1.2% increase compared to the distribution on the Hess Midstream Class A shares for the first quarter of 2022, which equals a 5% increase on an annualized basis. The distribution will be payable on August 12, 2022 to shareholders of record as of the close of business on August 4, 2022.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, July 27, 2022, at 12:00 p.m. Eastern Time to discuss its second quarter 2022 earnings release.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, will meet with investors at the Citi Global Energy, Utilities and Climate Technology Conference on May 10, 2022 and at the EIC Investor Conference on May 17, 2022.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”) today reported first quarter 2022 net income of $159.6 million compared with net income of $159.6 million for the first quarter of 2021. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $16.9 million, or $0.50 basic earnings per Class A share. Hess Midstream generated Adjusted EBITDA of $241.6 million. Distributable Cash Flow (“DCF”) for the first quarter of 2022 was $211.6 million and Adjusted Free Cash Flow was $175.2 million.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.5492 per Class A share for the quarter ended March 31, 2022. The distribution represents an approximate 6.3% increase in its quarterly distribution per Class A share for the first quarter of 2022 as compared to the fourth quarter of 2021. This increase consists of a 5% immediate increase in Hess Midstream’s distribution level per Class A share in addition to the quarterly increase consistent with its targeted 5% growth in annual distributions per Class A share.

Hess Midstream LP (NYSEHESM) (“HESM”) today announced the upsizing and pricing of an underwritten public offering of an aggregate 8,900,000 Class A shares representing limited partner interests in HESM by a subsidiary of Hess Corporation and an affiliate of Global Infrastructure Partners (the “Selling Shareholders”), at a public offering price of $29.50 per Class A share. The offering was upsized from the previously announced 7,900,000 Class A shares. The Selling Shareholders have granted the underwriters a 30-day option to purchase up to 1,335,000 additional Class A shares at the public offering price less underwriting discounts and commissions.

Hess Midstream LP (NYSEHESM) (“Hess Midstream”), today announced the execution of a definitive agreement providing for the repurchase of $400 million in Class B units by its subsidiary, Hess Midstream Operations LP, from affiliates of Hess Corporation and Global Infrastructure Partners, Hess Midstream’s sponsors (the “Sponsors”). The terms of the proposed unit repurchase transaction were unanimously approved by the Board of Directors of Hess Midstream’s general partner (the “Board”), based on the unanimous approval and recommendation of its conflicts committee composed solely of independent directors.