Hess Midstream LP raises quarterly distribution to 73.7c per share

Hess Midstream LP (HESM) announced that the Board of Directors of its general partner declared a quarterly cash distribution of 73.7c per Class A share for the quarter ended June 30, 2025, an increase of $0.0272 per Class A share as compared with the first quarter of 2025. This increase is supported by excess adjusted free cash flow after distributions following Hess Midstream’s accretive $190M unit repurchase and $10M repurchase of Class A shares of Hess Midstream LP in May 2025 and, on an annualized basis, is significantly above Hess Midstream’s targeted 5% growth in annual distributions per Class A share through 2027. “We continue to execute on our differentiated financial strategy, prioritizing consistent and ongoing return of capital through a combination of targeted distribution growth and the utilization of excess adjusted free cash flow after distributions,” said Jonathan Stein, Chief Executive 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 additional and ongoing repurchases that could support further distribution per share level increases.”