Earnings8-K
Results of Operations and Financial Condition
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2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
HESM
Hess Midstream LP
A midstream energy company that gathers, processes, and stores the crude oil, natural gas, and produced water coming out of wells in North Dakota's Bakken and Three Forks shale plays, charging fees for the service rather than owning the fuel. It was formed in 2015 as a joint venture between Hess Corporation and Global Infrastructure Partners to build the pipelines and plants Hess needed to move its Bakken output to market, and it renamed itself Hess Midstream LP in a 2019 restructuring. A fun quirk: despite the "LP" in its name, it's actually taxed as a corporation, and its signature Tioga gas plant sits near the town where the company's roots run deep.
MLPUnderlying: HESMCUSIP: 428103105EnergyUS1 holder
Class A Shares representing Limited Partner Interests