Hess Midstream LP
Hess Midstream LP (NYSE: HESM) owns, operates, develops and acquires midstream infrastructure, providing fee-based services to Chevron, its subsidiaries and third-party customers, primarily in North Dakota’s Bakken region. Its services include gathering crude oil, natural gas, natural gas liquids and produced water;… From the company’s description.
In fiscal 2025, Hess Midstream LP reported revenue of $1.62B, up 8.4% from fiscal 2024, and net income of $684.60M. Its operating margin was 62.2%, and operations generated $983.80M in cash. Over the twelve months to Jun 30, 2026, revenue was $1.61B.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Hess Midstream LP does
In the company’s own words
Hess Midstream LP (NYSE: HESM) owns, operates, develops and acquires midstream infrastructure, providing fee-based services to Chevron, its subsidiaries and third-party customers, primarily in North Dakota’s Bakken region. Its services include gathering crude oil, natural gas, natural gas liquids and produced water; compressing and processing gas; fractionating NGLs; storing propane; and terminaling, loading and transporting crude oil and NGLs. The partnership operates through three segments: gathering; processing and storage; and terminaling and export. Its assets include the Tioga Gas Plant, the Little Missouri 4 gas processing plant, the Mentor Storage Terminal, crude oil rail and pipeline terminals, and produced-water facilities. At year-end 2025, its natural gas gathering system comprised approximately 1,430 miles of pipelines, and it had 13 operated water handling and disposal facilities. Long-term, fee-based commercial agreements with Chevron support most of its business; 97% of 2025 revenue was attributable to those agreements, including third-party volumes delivered under them. Chevron became its sponsor through its July 2025 merger with Hess.
Company details
- Sector
- Energy
- Industry (SIC)
- Oil & Gas Extraction
- Headquarters
- HOUSTON, TX
- Fiscal year end
- December
- CIK
- 1789832
- SIC
- 1311
Financial performance, year by year
Fiscal 2017–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Hess Midstream LP — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Hess Midstream LP’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Could not be determined for this company: bond issues.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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