Overview
Hess Midstream Partners is fueled up and ready to grow. A 2014 spin-off of Hess Corporation, it is a master limited partnership (MLP) that owns, operates, and acquires various midstream assets to service the needs of Hess Corporation and third-party customers. Through a shared ownership structure, Hess Midstream owns a 20% controlling interest in its asset portfolio, which is comprised of partially or wholly owned pipelines, gas compression
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Read More facilities, storage facilities, and other related items. All assets were dropped into Hess Midstream by previous parent, Hess Corporation, and its partners. Hess Midstream conducts business primarily in the Williston Basin area of North Dakota. It sold a 30% ownership interest to the investing public in a 2017 initial public offering.
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Read More facilities, storage facilities, and other related items. All assets were dropped into Hess Midstream by previous parent, Hess Corporation, and its partners. Hess Midstream conducts business primarily in the Williston Basin area of North Dakota. It sold a 30% ownership interest to the investing public in a 2017 initial public offering.
Read Less
Pipeline Transportation of Natural Gas
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Oil and Gas Extraction
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Pipeline Transportation
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Transportation and Warehousing
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Storage, natural gas
See All Industries , Natural gas liquids Propane (natural) production
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See All Industries , Natural gas liquids Propane (natural) production
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Charter Bus Industry
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Couriers and Express Delivery Services
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Deep Sea, Coastal, and Great Lakes Water Transportation
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Freight Transportation Arrangement
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General Freight Trucking
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Inland Water Transportation
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Interurban and Rural Bus Transportation
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Local Messengers and Local Delivery
View more , Nonscheduled Air Transportation , Other Pipeline Transportation , Other Support Activities for Transportation , Other Transit and Ground Passenger Transportation , Pipeline Transportation of Crude Oil , Postal Service , Rail Transportation , Scenic and Sightseeing Transportation, Land , Scenic and Sightseeing Transportation, Other , Scenic and Sightseeing Transportation, Water , Scheduled Air Transportation , School and Employee Bus Transportation , Specialized Freight Trucking , Support Activities for Air Transportation , Support Activities for Rail Transportation , Support Activities for Road Transportation , Support Activities for Water Transportation , Taxi and Limousine Service , Urban Transit Systems Warehousing and Storage
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View more , Nonscheduled Air Transportation , Other Pipeline Transportation , Other Support Activities for Transportation , Other Transit and Ground Passenger Transportation , Pipeline Transportation of Crude Oil , Postal Service , Rail Transportation , Scenic and Sightseeing Transportation, Land , Scenic and Sightseeing Transportation, Other , Scenic and Sightseeing Transportation, Water , Scheduled Air Transportation , School and Employee Bus Transportation , Specialized Freight Trucking , Support Activities for Air Transportation , Support Activities for Rail Transportation , Support Activities for Road Transportation , Support Activities for Water Transportation , Taxi and Limousine Service , Urban Transit Systems Warehousing and Storage
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1501 McKinney St Houston, TX, 77010-4010 United States
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Financial Data
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Financial data as of ? (12 month period) in USD
Annual Revenue
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USD
Modelled
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $940 | $866 | $861 |
| Net Investing Cash | -$306 | -$224 | -$238 |
| Net Financing Cash | -$635 | -$641 | -$622 |
| Net Change in Cash | -$1 | $2 | $1 |
| Cash at Beginning of Period | $5 | $3 | $2 |
| Cash at End of Period | $4 | $5 | $3 |
| Capital Expenditure | -$306 | -$224 | -$238 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $4 | $5 | $3 |
| Accounts Receivable | $139 | $124 | $123 |
| Inventories | $ | $ | $ |
| Other Current Assets | $6 | $7 | $6 |
| Asset Summary | |||
| Total Current Assets | $149 | $137 | $132 |
| Tangible Fixed Assets | $3,325 | $3,229 | $3,173 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $4,151 | $3,790 | $3,588 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $56 | $38 | $35 |
| Short-Term Debt | $22 | $12 | $2 |
| Other Current Liabilities | $141 | $159 | $122 |
| Liability Summary | |||
| Total Current Liabilities | $219 | $210 | $160 |
| Long-Term Debt | $3,449 | $3,199 | $2,883 |
| Other Long-Term Liabilities | $16 | $17 | $16 |
| Total Liabilities | $3,686 | $3,426 | $3,059 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $ | $ | $ |
| Retained Earnings | $ | $ | $ |
| Equity Summary | |||
| Total Equity | $531 | $340 | $245 |
| Shares Outstanding | 104,086,900 | 68,367,647 | 44,002,846 |