Hess Midstream LP raises quarterly distribution 5% to 70.98c per share

Hess Midstream announced that the Board of Directors of its general partner declared a quarterly cash distribution of 70.98c per Class A share for the quarter ended March 31, 2025, an increase of 0.86c per Class A share as compared with the fourth quarter of 2024, consistent with Hess Midstream’s targeted 5% growth in annual distributions per Class A share through 2027. “With today’s announcement, we continue to execute on our differentiated financial strategy, prioritizing consistent and ongoing return of capital to our shareholders,” said Jonathan Stein, Chief Financial Officer of Hess Midstream. “We expect to continue to have more than $1.25 billion of financial flexibility through 2027 that can be used to support our return of capital framework, including potential unit repurchases that could support further distribution per share level increases.”