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Hess Midstream Announces Leadership Changes Post-Merger

Story Highlights
  • Hess Midstream announced leadership changes post-merger with Chevron on July 18, 2025.
  • Chevron’s increased influence aims to enhance Hess Midstream’s shareholder value and performance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Hess Midstream Announces Leadership Changes Post-Merger

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An update from Hess Midstream Partners ( (HESM) ) is now available.

On July 18, 2025, following the merger between Hess Corporation and Chevron Corporation, Hess Midstream announced significant changes to its Board of Directors and executive leadership. John B. Hess and other key executives resigned from the Board, with Chevron’s Andy Walz appointed as Chairman alongside new members Kristen Ghattas and Kristi McCarthy. Jonathan C. Stein was named CEO, succeeding John B. Hess, and Michael J. Chadwick was appointed CFO. These changes reflect Chevron’s increased influence, owning approximately 37.8% of Hess Midstream, and aim to enhance shareholder value and operational performance.

The most recent analyst rating on (HESM) stock is a Buy with a $42.00 price target. To see the full list of analyst forecasts on Hess Midstream Partners stock, see the HESM Stock Forecast page.

Spark’s Take on HESM Stock

According to Spark, TipRanks’ AI Analyst, HESM is a Outperform.

Hess Midstream Partners scores well due to its strong financial performance, attractive valuation, and positive earnings call outlook. The recent stock buyback plan further supports shareholder value. However, technical analysis indicates a neutral momentum and high debt levels are a concern.

To see Spark’s full report on HESM stock, click here.

More about Hess Midstream Partners

Hess Midstream is a fee-based, growth-oriented midstream company that owns, operates, develops, and acquires a diverse set of midstream assets to provide services to Chevron, its subsidiaries, and third-party customers. The company primarily operates oil, gas, and produced water handling assets located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota.

Average Trading Volume: 1,187,031

Technical Sentiment Signal: Buy

Current Market Cap: $8.02B

Learn more about HESM stock on TipRanks’ Stock Analysis page.

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