HESMNYSECrude Petroleum & Natural GasFiscal year ends December 31
Hess Midstream LP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$30.23−0.43 (-1.40%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
89.3%
115M of 128M shares
Institutional holders
285
38 new, 35 sold out
Net institutional buying
-1M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Goldman Sachs Asset Management, L.P. | 8,333,429 | 6.40% | 13G (passive) amendment | Sep 30, 2025 |
| Hess Investments North Dakota LLC | 79,428,190 | 37.80% | 13D (active) amendment | May 28, 2025 |
| Chevron Corporation | 78,732,296 | 37.80% | 13D (active) amendment | Aug 8, 2025 |
| Hess Corporation | 78,276,485 | 38.00% | 13D (active) amendment | Oct 6, 2026 |
| Global X Management CO LLC | 7,058,116 | 5.50% | 13G (passive) | Mar 31, 2026 |
| Invesco Ltd. | 6,619,868 | 5.10% | 13G (passive) | Dec 31, 2025 |
| Harvest Fund Holdco L.P. | 6,528,473 | 5.10% | 13G (passive) | Feb 9, 2026 |
| ALPS Advisors, Inc. | 60,855,424 | 23.51% | 13G (passive) amendment | Sep 30, 2026 |
| Global Infrastructure Investors II, LLC | 32,839,539 | 24.10% | 13D (active) amendment | Sep 18, 2024 |
| GIP Blue Holding GP, LLC | 31,234,403 | 23.20% | 13D (active) amendment | Jan 13, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of HESM | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Alps Advisors Inc | 29,254,074 | 22.79% | $1.10B | −1,626,119 | 5.16% |
| Goldman Sachs Group Inc | 8,389,537 | 6.54% | $315.45M | +439,639 | 0.03% |
| Invesco Ltd. | 7,535,978 | 5.87% | $283.35M | +352,973 | 0.02% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 7,055,800 | 5.50% | $265.30M | −10,630 | 0.32% |
| Blackstone Inc. | 5,786,130 | 4.51% | $217.56M | −1,983,395 | 0.66% |
| Bank of New York Mellon Corp | 4,720,992 | 3.68% | $177.51M | +968,990 | 0.03% |
| Tortoise Capital Advisors, L.L.C. | 4,236,214 | 3.30% | $159.28M | −230,725 | 1.62% |
| Neuberger Berman Group LLC | 2,671,592 | 2.08% | $100.44M | +695,678 | 0.07% |
| TD Asset Management Inc | 1,984,203 | 1.55% | $74.61M | −216,914 | 0.06% |
| UBS Group AG | 1,974,398 | 1.54% | $74.24M | +10,399 | 0.01% |
| Epoch Investment Partners, Inc. | 1,945,456 | 1.52% | $73.15M | −136,365 | 0.42% |
| JPMorgan Chase & Co | 1,906,588 | 1.49% | $71.19M | +65,483 | 0.00% |
| Two Sigma Investments, LP | 1,674,699 | 1.30% | $62.97M | +1,469,793 | 0.05% |
| Adage Capital Partners Gp, L.L.C. | 1,610,000 | 1.25% | $60.54M | +535,000 | 0.08% |
| Miller Howard Investments Inc /Ny | 1,558,131 | 1.21% | $58.59M | +66,232 | 1.55% |
| Ci Investments Inc. | 1,285,671 | 1.00% | $48.34M | −266,105 | 0.16% |
| FMR LLC | 1,206,735 | 0.94% | $45.37M | −521,500 | 0.00% |
| Westwood Holdings Group Inc | 1,170,092 | 0.91% | $44.00M | −141,343 | 0.33% |
| Morgan Stanley | 1,167,570 | 0.91% | $43.90M | −553,321 | 0.00% |
| Fractal Investments LLC | 1,160,420 | 0.90% | $43.63M | −24,800 | 5.03% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 285 | 115M | 89.3% | 38 / 113 | 81 / 35 | 11M | 12M |
| Q1 2026 | 290 | 116M | 90.5% | 66 / 101 | 86 / 40 | 15M | 15M |
| Q4 2025 | 268 | 118M | 92.0% | 50 / 90 | 94 / 44 | 15M | 16M |
| Q3 2025 | 267 | 119M | 93.0% | 38 / 101 | 92 / 41 | 20M | 15M |
| Q2 2025 | 273 | 114M | 89.1% | 48 / 125 | 71 / 46 | 18M | 14M |
| Q1 2025 | 274 | 110M | 86.0% | 44 / 118 | 72 / 39 | 22M | 9M |
| Q4 2024 | 270 | 97M | 75.8% | 45 / 111 | 72 / 26 | 13M | 10M |
| Q3 2024 | 254 | 94M | 73.5% | 41 / 123 | 43 / 25 | 16M | 5M |
| Q2 2024 | 241 | 84M | 65.8% | 41 / 106 | 53 / 18 | 19M | 10M |
| Q1 2024 | 221 | 75M | 58.8% | 33 / 95 | 60 / 24 | 16M | 5M |
| Q4 2023 | 213 | 64M | 50.0% | 38 / 88 | 51 / 18 | 13M | 8M |
| Q3 2023 | 196 | 60M | 46.6% | 39 / 90 | 36 / 12 | 13M | 2M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of HESM | Value | % of fund | As of |
|---|---|---|---|---|---|
| Alerian MLP ETF | 30,864,175 | 24.05% | $1.16B | 9.53% | May 31, 2026 |
| Global X MLP ETF | 5,242,374 | 4.08% | $196.59M | 9.35% | May 31, 2026 |
| Goldman Sachs MLP Energy Infrastructure Fund | 3,427,640 | 2.67% | $128.54M | 7.17% | May 31, 2026 |
| Invesco SteelPath MLP Income Fund | 3,300,000 | 2.57% | $123.75M | 2.78% | May 31, 2026 |
| BNY Mellon Global Infrastructure Income ETF | 2,527,051 | 1.97% | $103.18M | 7.88% | Jul 31, 2026 |
| Tortoise Energy Infrastructure Total Return Fund | 1,900,428 | 1.48% | $71.27M | 1.89% | May 31, 2026 |
| Invesco SteelPath MLP Select 40 Fund | 1,794,355 | 1.40% | $67.29M | 2.88% | May 31, 2026 |
| Invesco SteelPath MLP Alpha Fund | 1,602,767 | 1.25% | $60.10M | 5.28% | May 31, 2026 |
| Global X MLP and Energy Infrastructure ETF | 1,526,417 | 1.19% | $57.24M | 1.62% | May 31, 2026 |
| First Trust Natural Gas ETF | 756,869 | 0.59% | $28.46M | 4.83% | Jun 30, 2026 |
| Vanguard Energy Index Fund | 707,789 | 0.55% | $26.54M | 0.23% | May 31, 2026 |
| Invesco SteelPath MLP Alpha Plus Fund | 652,983 | 0.51% | $24.49M | 7.46% | May 31, 2026 |
| InfraCap MLP ETF | 604,561 | 0.47% | $24.68M | 5.23% | Jul 31, 2026 |
| Kayne Anderson Energy Infrastructure Fund, Inc | 496,420 | 0.39% | $18.62M | 0.70% | May 31, 2026 |
| Global X SuperDividend U.S. ETF | 418,006 | 0.33% | $17.07M | 2.18% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Michael Scott Bast | President and COO | 2,127 | 0.00% | Mar 10, 2026 |
| Jonathan C. Stein | Chief Executive Officer | 62,011 | 0.05% | Mar 10, 2026 |
| John A. Gatling | President and COO | 7,705 | 0.01% | Sep 26, 2025 |
| Michael James Chadwick | Chief Financial Officer | – | – | Jul 18, 2025 |
| Noguera Gabriela Betsabe Boersner | General Counsel and Secretary | 150 | 0.00% | Jul 18, 2025 |
| Stephen J. J. Letwin | Director | 32,423 | 0.03% | Mar 10, 2026 |
| J. Patrick Reddy | Director | 24,437 | 0.02% | Mar 10, 2026 |
| David W. Niemiec | Director | 50,527 | 0.04% | Mar 10, 2026 |
| Corp Hess | Director, 10% owner | 15,022,517 | 11.70% | Mar 4, 2026 |
| Corp Chevron | Director, 10% owner | 78,276,485 | 60.99% | Mar 4, 2026 |
| Investments North Dakota LLC Hess | Director, 10% owner | 78,732,296 | 61.34% | Mar 4, 2026 |
| Barbara Frances Harrison | Director | – | – | Dec 11, 2025 |
| Kristi Hamlin McCarthy | Director | – | – | Jul 18, 2025 |
| Kristen Mary George Ghattas | Director | – | – | Jul 18, 2025 |
| Andrew Benjamin Walz | Director | – | – | Jul 18, 2025 |
| Geurt G. Schoonman | Director | 0 | – | Jun 10, 2025 |
| Midstream GP LP Hess | Director | 30,045,034 | 23.41% | May 30, 2025 |
| Infrastructure Partners GP LLC Hess | Director | 0 | – | May 30, 2025 |
| Midstream GP LLC Hess | Director | 61,570,806 | 47.97% | May 30, 2025 |
| GIP Blue Holding GP, LLC | Director, 10% owner | 49,552,600 | 38.61% | Jan 15, 2025 |
| Global Infrastructure GP II, L.P. | Director, 10% owner | 30,785,403 | 23.99% | Jan 15, 2025 |
| Global Infrastructure Investors II, LLC | Director, 10% owner | 31,941,539 | 24.89% | Jan 15, 2025 |
| GIP II Blue Holding, L.P. | Director, 10% owner | 46,802,019 | 36.46% | Jan 15, 2025 |
| Portfolio Management LLC BlackRock | 10% owner | 0 | – | May 30, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Stephen J. J. Letwin Director | Mar 8, 2026 | Option exercise | +1,612 | – | – | 32,423 |
| Michael Scott Bast President and COO | Mar 8, 2026 | Option exercise | +1,327 | – | – | 2,127 |
| Michael Scott Bast President and COO | Mar 8, 2026 | Tax withholding | −344 | $38.92 | $13.39K | 1,783 |
| Michael Scott Bast President and COO | Mar 8, 2026 | Option exercise | +1,189 | – | – | 2,972 |
| Michael Scott Bast President and COO | Mar 8, 2026 | Tax withholding | −308 | $38.92 | $11.99K | 2,664 |
| Michael Scott Bast President and COO | Mar 8, 2026 | Tax withholding | −241 | $38.92 | $9.38K | 3,352 |
| Michael Scott Bast President and COO | Mar 8, 2026 | Option exercise | +929 | – | – | 3,593 |
| J. Patrick Reddy Director | Mar 8, 2026 | Option exercise | +1,612 | – | – | 24,437 |
| Jonathan C. Stein Chief Executive Officer | Mar 8, 2026 | Option exercise | +2,066 | – | – | 62,011 |
| Jonathan C. Stein Chief Executive Officer | Mar 8, 2026 | Tax withholding | −1,048 | $38.92 | $40.79K | 60,963 |
| David W. Niemiec Director | Mar 8, 2026 | Option exercise | +1,612 | – | – | 50,527 |
| Corp Chevron Director, 10% owner | Mar 4, 2026 | Other | −455,811 | – | – | 77,827,485 |
| John A. Gatling President and COO | Sep 26, 2025 | Option exercise | +4,757 | – | – | 7,705 |
| John A. Gatling President and COO | Sep 26, 2025 | Option exercise | +6,199 | – | – | 13,904 |
| John A. Gatling President and COO | Sep 26, 2025 | Option exercise | +2,948 | – | – | 2,948 |
| John A. Gatling President and COO | Aug 12, 2025 | Sale | −62,457.16 | $41.59 | $2.60M | 0 |
| Investments North Dakota LLC Hess Director, 10% owner | Aug 8, 2025 | Other | −695,894 | – | – | 78,283,296 |
| Geurt G. Schoonman Director | Jun 9, 2025 | Sale | −3,249.49 | $39.10 | $127.06K | 0 |
| Infrastructure Partners GP LLC Hess Director | May 30, 2025 | Other | −29,147,034 | – | – | 0 |
| Infrastructure Partners GP LLC Hess Director | May 30, 2025 | Other | −898,000 | – | – | 0 |
| Portfolio Management LLC BlackRock 10% owner | May 30, 2025 | Other | −14,573,517 | – | – | 0 |
| Portfolio Management LLC BlackRock 10% owner | May 30, 2025 | Sale | −15,022,517 | $36.86 | $553.73M | 0 |
| Portfolio Management LLC BlackRock 10% owner | May 30, 2025 | Conversion | +14,573,517 | – | – | 14,573,517 |
| Midstream GP LP Hess Director, 10% owner | May 9, 2025 | Other | −6,225,772 | – | – | 29,147,034 |
| Corp Hess Director, 10% owner | May 9, 2025 | Other | −3,112,886 | – | – | 14,573,517 |
| Portfolio Management LLC BlackRock 10% owner | May 9, 2025 | Other | −3,112,886 | – | – | 14,573,517 |
| John A. Gatling President and COO | Mar 11, 2025 | Sale | −2,087 | $40.60 | $84.73K | 62,457 |
| David W. Niemiec Director | Mar 8, 2025 | Option exercise | +1,855 | – | – | 48,915 |
| Stephen J. J. Letwin Director | Mar 8, 2025 | Option exercise | +1,855 | – | – | 30,811 |
| J. Patrick Reddy Director | Mar 8, 2025 | Option exercise | +1,855 | – | – | 22,825 |
| John A. Gatling President and COO | Mar 8, 2025 | Option exercise | +2,486 | – | – | 59,218 |
| John A. Gatling President and COO | Mar 8, 2025 | Option exercise | +2,378 | – | – | 64,544 |
| John A. Gatling President and COO | Mar 8, 2025 | Option exercise | +2,948 | – | – | 62,166 |
| Portfolio Management LLC BlackRock 10% owner | Feb 19, 2025 | Other | −1,650,000 | – | – | 17,686,403 |
| Portfolio Management LLC BlackRock 10% owner | Feb 19, 2025 | Conversion | +1,650,000 | – | – | 1,650,000 |
| Portfolio Management LLC BlackRock 10% owner | Feb 19, 2025 | Sale | −1,650,000 | $39.11 | $64.53M | 0 |
| Midstream GP LP Hess Director, 10% owner | Feb 19, 2025 | Other | −3,300,000 | – | – | 35,372,806 |
| Portfolio Management LLC BlackRock 10% owner | Feb 12, 2025 | Other | −11,000,000 | – | – | 19,336,403 |
| Portfolio Management LLC BlackRock 10% owner | Feb 12, 2025 | Conversion | +11,000,000 | – | – | 11,000,000 |
| Portfolio Management LLC BlackRock 10% owner | Feb 12, 2025 | Sale | −11,000,000 | $39.11 | $430.21M | 0 |
| Midstream GP LP Hess Director, 10% owner | Feb 12, 2025 | Other | −22,000,000 | – | – | 38,672,806 |
| Corp Hess Director, 10% owner | Jan 15, 2025 | Other | −1,605,136 | – | – | 30,336,403 |
| Midstream GP LLC Hess Director, 10% owner | Jan 15, 2025 | Other | −3,210,272 | – | – | 60,672,806 |
| Global Infrastructure GP II, L.P. Director, 10% owner | Jan 15, 2025 | Other | −1,605,136 | – | – | 30,336,403 |
| Global Infrastructure GP II, L.P. Director, 10% owner | Jan 15, 2025 | Other | −1,605,136 | – | – | 0 |
| Jonathan C. Stein Chief Financial Officer | Nov 11, 2024 | Sale | −7,923 | $35.32 | $279.84K | 59,945 |
| Jonathan C. Stein Chief Financial Officer | Nov 8, 2024 | Option exercise | +2,486 | – | – | 54,837 |
| Jonathan C. Stein Chief Financial Officer | Nov 8, 2024 | Option exercise | +7,135 | – | – | 67,868 |
| Jonathan C. Stein Chief Financial Officer | Nov 8, 2024 | Option exercise | +5,896 | – | – | 60,733 |
| Global Infrastructure Investors II, LLC Director, 10% owner | Sep 20, 2024 | Other | −12,650,000 | – | – | 31,941,539 |
| Global Infrastructure Investors II, LLC Director, 10% owner | Sep 20, 2024 | Sale | −12,650,000 | $35.12 | $444.27M | 0 |
| Global Infrastructure Investors II, LLC Director, 10% owner | Sep 20, 2024 | Conversion | +12,650,000 | – | – | 12,650,000 |
| Infrastructure Partners GP LLC Hess Director, 10% owner | Sep 20, 2024 | Other | −25,300,000 | – | – | 63,883,078 |
| Corp Hess Director, 10% owner | Sep 11, 2024 | Other | −1,761,480 | – | – | 44,591,539 |
| Infrastructure Partners GP LLC Hess Director, 10% owner | Sep 11, 2024 | Other | −3,522,960 | – | – | 89,183,078 |
| Global Infrastructure GP II, L.P. Director, 10% owner | Sep 11, 2024 | Other | −1,761,480 | – | – | 0 |
| Global Infrastructure GP II, L.P. Director, 10% owner | Sep 11, 2024 | Other | −1,761,480 | – | – | 44,591,539 |
| Investments North Dakota LLC Hess Director, 10% owner | Jun 26, 2024 | Other | −1,699,581 | – | – | 46,353,019 |
| GIP II Blue Holding, L.P. Director, 10% owner | Jun 26, 2024 | Other | −1,699,581 | – | – | 46,353,019 |
| GIP II Blue Holding, L.P. Director, 10% owner | Jun 26, 2024 | Other | −1,699,581 | – | – | 0 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| John A. Gatling Former Officer | Nov 7, 2025 | 8,087 | $270.82K | Nov 7, 2025 | Restricted Stock Vesting |
| John A. Gatling Former Officer | Oct 8, 2025 | 5,817 | $191.60K | Oct 8, 2025 | Restricted Stock Vesting |
| John A. Gatling Officer | Aug 12, 2025 | 62,458 | $2.60M | Aug 12, 2025 | Open Market Purchase |
| P. Rielly John Former Member of Board of Directors | Aug 11, 2025 | 20,000 | $829.53K | Aug 11, 2025 | Shares from IPO |
| Timothy B. Goodell Officer | Aug 6, 2025 | 12,500 | $528.30K | Aug 6, 2025 | Open Market Purchase |
| Guert G. Schoonman Director | Jun 9, 2025 | 3,250 | $126.69K | Jun 9, 2025 | Open market purchases. |
| John A. Gatling Officer | Mar 11, 2025 | 2,087 | $84.19K | Mar 11, 2025 | Settlement of phantom units (1) |
| Jonathan C. Stein Officer | Nov 12, 2024 | 7,923 | $277.86K | Nov 11, 2024 | Settlement of phantom units (1) |
| John A. Gatling Officer | Mar 13, 2024 | 2,231 | $79.69K | Mar 13, 2024 | Settlement of phantom units (1) |