Hess Midstream Announces Major Share Offering

Hess Midstream Partners ( (HESM) ) has provided an announcement.

On May 28, 2025, Hess Midstream LP announced the commencement of a public offering of 15,022,517 Class A shares by GIP II Blue Holding, L.P., an affiliate of Global Infrastructure Partners. This offering will result in GIP no longer holding ownership interests in Hess Midstream or its affiliates, with Hess Investments North Dakota LLC gaining full control. The board will see the resignation of GIP’s designated directors, and Hess will continue to control the company’s management. The offering will not alter existing commercial agreements or the partnership agreement with Hess.

The most recent analyst rating on (HESM) stock is a Hold with a $40.00 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 strong financial performance, particularly in profitability and cash flow management, despite high leverage. The technical analysis suggests potential short-term downside risks, but the valuation remains attractive with a high dividend yield. Positive guidance and robust financial performance in the earnings call further enhance the stock’s prospects.

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

More about Hess Midstream Partners

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

Average Trading Volume: 1,110,445

Technical Sentiment Signal: Buy

Current Market Cap: $8.3B

For a thorough assessment of HESM stock, go to TipRanks’ Stock Analysis page.