Hess Midstream LP HESM

HESM Company Overview

Hess Midstream LP (NYSE: HESM) is a U.S.-based midstream energy company that owns, operates, develops, and acquires infrastructure assets primarily serving crude oil, natural gas, and produced water operations in the Bakken shale region of North Dakota. The company operates within the broader energy infrastructure and midstream sectors, providing fee-based services that support upstream oil and gas production. Its operations are concentrated around gathering, processing, storage, terminaling, compression, and water handling services tied largely to production from acreage dedicated by Hess Corporation and other producers.

The company’s primary revenue drivers are long-term, fee-based commercial agreements associated with its Gathering, Processing and Storage, and Terminaling and Export operations. Hess Midstream was formed in 2014 through the contribution of midstream assets by Hess Corporation and later completed an initial public offering in 2017. The company’s strategic positioning is supported by long-term minimum volume commitments, a concentrated footprint in the Bakken, and integrated infrastructure that connects upstream production with downstream transportation markets. Public filings and investor disclosures consistently identify Hess Corporation as its anchor customer and strategic sponsor.