Hess Midstream

Hess Midstream LP is owns, operates, develops and acquires assets to support the storage and transfer of crude oil and natural gas within the United States. Founded in 2014, Hess Midstream is headquartered in Houston, Texas. The company operates through three segments: Gathering, Processing and Storage, and Terminaling and Export. The firm’s assets include thousands of miles of pipelines, gas and oil facilities and processing plants, rail and truck crude oil terminals, water-gathering assets, compressor stations and propane storage facilities. As of 2022, the firm has a total net processing capacity of 500 MMCF/D. Its gathering systems include approximately 1,350 miles of high- and low-pressure natural gas and natural gas liquids gathering pipelines with a total capacity of around 450 million cubic feet per day. The firm also operates a crude oil gathering system that is comprised of approximately 550 miles of crude oil gathering pipelines. In addition, the firm owns the Tioga gas plant and a 50% interest in the Little Missouri 4 gas processing plant. In 2021, the firm announced its 15th consecutive dividend increase since its initial public offering in 2017. The company is listed on the NYSE under the HESM stock ticker. Add HESM stock to your eToro watchlist to get the latest share price information.