Hess Midstream LP

Hess Midstream LP acquires, owns, operates, and develops midstream assets in the United States. It provides fee-based services to its sponsor, subsidiaries, and third-party customers. The company's operations are organized into three segments: Gathering, Processing and Storage, and Terminaling and Export. The Gathering segment includes natural gas gathering and compression systems, crude oil gathering pipelines, and produced water gathering and disposal facilities. Its gathering network comprises approximately 1,430 miles of natural gas and NGL pipelines with a capacity of about 685 million cubic feet per day, along with around 615 miles of crude oil pipelines and 360 miles of produced water pipelines. The Processing and Storage segment features the Tioga Gas Plant in North Dakota and the Mentor Storage Terminal in Minnesota. The Terminaling and Export segment owns the Ramberg terminal, Tioga rail terminal, crude oil rail cars, Dakota Access Pipeline connections, and the Johnson's Corner Header System.

Hess Midstream LP is listed on the New York Stock Exchange (NYSE) under the ticker symbol HESM. The company trades in U.S. dollars (USD), which is the currency of its home country, the United States. As a publicly traded partnership, its shares are available for purchase by investors on the NYSE, and all financial reporting and dividends are denominated in USD.

Hess Midstream LP operates in the Energy sector, specifically within the Oil & Gas Midstream industry. Midstream companies are responsible for the transportation, storage, and processing of oil, natural gas, and natural gas liquids. Hess Midstream's assets include gathering pipelines, processing plants, storage terminals, and export facilities that connect upstream production to downstream markets. This positions the company as a critical link in the energy supply chain, handling crude oil, natural gas, and produced water for its customers in the United States.

Hess Midstream LP's key assets are primarily located in the United States, with a strong presence in North Dakota and Minnesota. The Tioga Gas Plant, a natural gas processing and fractionation facility, is situated in Tioga, North Dakota. The Mentor Storage Terminal, a propane storage cavern with rail and truck loading capabilities, is located in Mentor, Minnesota. Additionally, the company's gathering systems span approximately 1,430 miles of natural gas pipelines, 615 miles of crude oil pipelines, and 360 miles of produced water pipelines, all within the U.S. The Terminaling and Export segment includes the Ramberg terminal facility and the Tioga rail terminal, also in North Dakota, along with connections to the Dakota Access Pipeline.

Hess Midstream LP generates revenue by providing fee-based midstream services to its sponsor, Hess Corporation, its subsidiaries, and third-party customers. The company earns fees for gathering natural gas, crude oil, and produced water through its extensive pipeline network. It also generates income from processing natural gas at the Tioga Gas Plant, which produces natural gas liquids and fractionated products. Storage services at the Mentor Storage Terminal and terminaling and export services at the Ramberg terminal and Tioga rail terminal contribute additional revenue. The fee-based model provides stable cash flows, as the company charges for the volume of products handled or capacity reserved, rather than being exposed to commodity price fluctuations.