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Hess Midstream Partners Announces Leadership Change

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Hess Midstream Partners Announces Leadership Change

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

On September 4, 2025, John A. Gatling resigned as President and COO of Hess Midstream GP LLC, effective September 26, 2025. Michael S. Bast was appointed as his successor. Mr. Bast, who has been with Hess since 2007 and has held various roles, will also become an employee of Chevron U.S.A. Inc. on October 1, 2025. His appointment is expected to continue the company’s focus on efficient operations in the Bakken region, with no additional compensation from Hess Midstream for his role.

The most recent analyst rating on (HESM) stock is a Hold with a $46.00 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 and positive earnings call sentiment, supported by strategic corporate actions like stock buybacks. While high leverage is a concern, the company’s profitability and cash flow management, combined with attractive valuation metrics, provide a solid investment case.

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

More about Hess Midstream Partners

Hess Midstream Partners operates in the energy sector, focusing on the transportation and processing of oil, gas, and water. The company is a Delaware limited partnership and is managed by Hess Midstream GP LLC, which is wholly owned by Hess Infrastructure Partners GP LLC, a subsidiary of Chevron Corporation.

Average Trading Volume: 1,532,099

Technical Sentiment Signal: Buy

Current Market Cap: $8.67B

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

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