Hess Midstream Raises Quarterly Distribution 1.2% to $0.7985

Hess Midstream LP set its cash distribution at $0.7985 per Class A share for the period through Sept. 30, an increase of $0.0097, or about 1.2%, from the prior quarter. The previous distribution was $0.7888 per share.

Investors listed as shareholders when business closes Nov. 5 are scheduled to receive payment Nov. 13.

The company is targeting 5% annualized growth in its per-share distribution in the fourth quarter of 2026. It expects quarterly payments in 2027 to match the anticipated fourth-quarter 2026 amount and plans to maintain at least that level using Adjusted Free Cash Flow.

Hess Midstream operates oil, natural gas and produced-water handling assets mainly in North Dakota’s Bakken and Three Forks shale plays. It serves Chevron, its subsidiaries and third-party customers.

CEO Jonathan Stein said, “This distribution increase highlights our continued execution of return of capital to our shareholders.”