Hess Midstream LP

HESM · NYSE

$30.67+$0.44 (+1.46%)TodayMarket closed · Oct 20, 7:59 PM ET

Prev close $30.23

About HESM

Hess Midstream LP engages in the ownership, development, and acquisition of midstream assets to provide services to third-party crude oil and natural gas producers. The company is headquartered in Houston, Texas and currently employs 195 full-time employees. The company went IPO on 2017-04-05. The company owns oil, gas and produces water handling assets that are located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. Its gathering segment includes Hess North Dakota Pipeline Operations LP and Hess Water Services Holdings LLC, which owns natural gas gathering and compression, crude oil gathering, and produced water gathering and disposal. Its processing and storage segment includes Hess TGP Operations LP and Hess Mentor Storage Holdings LLC, which owns Tioga gas plant, an equity investment in LM4 Joint Venture, and mentor storage terminal. Its terminaling and export segment includes Hess North Dakota Export Logistics Operations LP, which owns Ramberg Terminal Facility, Tioga Rail Terminal, Crude Oil Rail Cars, Johnson's Corner Header System, and other DAPL connections.

Employees: 195
Headquarters: Houston, Texas
Listed: Apr 5, 2017
Sector: Energy
Industry: Oil, Gas & Consumable Fuels
Website: hessmidstream.gcs-web.com

Leadership

Hess Midstream LP executives
Name	Title	Since	Age
Andrew Walz	—	2025	—
Michael Bast	—	—	49
Jonathan Stein	—	—	55
John Rielly	—	2019	62
Timothy Goodell	—	—	67
Kristen Ghattas	—	—	—
Kristi Mccarthy	—	—	—
Gerbert Schoonman	—	—	59
Stephen Letwin	—	—	69
David Niemiec	—	—	75
John Reddy	—	—	72
Jennifer Gordon	—	—	—

Revenue by product and region

Fiscal year ended Dec 31, 2019: $848.30M total revenue

By product

Gathering.$422.90M49.9%
Processing and storage.$295.30M34.8%
Terminaling and export.$130.10M15.3%

Suppliers and customers

Price correlation is over one year: 1 means the stocks move together, -1 opposite

Hess Midstream LP suppliers and customers
Company	Relationship	Country	Correlation
Berkshire Hathaway B BRK.B	Supplier and customer	US	0.86
Targa Resources TRGP	Supplier and customer	US	0.85
Hess HES	Supplier and customer	US	0.80
TC Energy TRP.TO	Supplier and customer	CA	0.78
Pembina Pipeline PPL.TO	Supplier and customer	CA	0.75
ONEOK OKE	Supplier and customer	US	0.73
MDU Resources Group MDU	Supplier and customer	US	-0.71
Enbridge IPIPF.XX9	Supplier and customer	CA	—
Global Infrastructure Management, LLC	Supplier and customer	US	—
Targa Resources Partners LP NGLS	Supplier and customer	US	—

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