Hess Midstream LP raises quarterly distribution to 75.48c per class A share

Hess Midstream LP (HESM) announced that the Board of Directors of its general partner declared a quarterly cash distribution of 75.48c per Class A share for the quarter ended September 30, 2025, an increase of 1.78c per Class A share as compared with the second quarter of 2025. This increase is supported by excess Adjusted Free Cash Flow after distributions following Hess Midstream’s accretive $30M unit repurchase and $70M repurchase of Class A shares of Hess Midstream LP completed in the third quarter and, on an annualized basis, is significantly above Hess Midstream’s targeted 5% growth in annual distributions per Class A share through 2027. “This distribution increase reflects continued execution of our previously announced return of capital framework,” said Jonathan Stein, Chief Executive Officer of Hess Midstream. “We expect continued Adjusted Free Cash Flow growth through 2027 to support our targeted annual distribution per Class A share growth of at least 5% through 2027 and financial flexibility for incremental return of capital including potential share repurchases.”