HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP ANNOUNCES 2026 GUIDANCE, EXTENDS RETURN OF CAPITAL PROGRAM.

NEW YORK and DELAWARE, Dec. 05, 2025 (GLOBE NEWSWIRE) -- The law firms of Acocelli Law, PLLC, and Long Law, LLC (collectively, the “Firms”), announce their intention to file an application for an award of attorneys' fees and reimbursement of expenses (the “Fee and Expense Application”) in a lawsuit pending in the Delaware Court of Chancery (the “Court”) captioned Assad v. Hess Corporation, et al., Case No. 2024-0468-NAC (Del. Ch.) (the “Action”). The Firms, who represent the plaintiff in the Action, seek an award of attorneys' fees and expenses for claimed corporate benefits to stockholders of defendant Hess Corporation (“Hess”) conferred as a result of the litigation of the Action. Defendants in the Action intend to oppose the Fee and Expense Application, which will be determined by the Court after briefing and argument by the parties.

Hess Midstream (HESM) is rated a strong buy, offering an 8.8% yield, robust free cash flow, and downside protection via minimum volume commitments through 2033. HESM pivots from growth to maximizing shareholder returns, with distribution growth of 5% annually through 2027 fully covered by cash flow and CPI-linked fee escalators. Buybacks are highly accretive at current prices, with potential for $200 million in repurchases next year and leverage maintained at a conservative 3x.

Hess Midstream LP offers a compelling >9% yield, strong free cash flow, and resilient financials despite recent stock pressure and industry headwinds. HESM maintains a solid payout ratio, ongoing buybacks, and financial flexibility, even as macro uncertainty and Chevron's rig cuts pressure near-term growth. Long-term prospects are driven by rising natural gas demand, LNG expansion, and Chevron's leadership influence, positioning HESM for solid returns.

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When Chevron executives and top shareholders convene in New York City on Wednesday for the oil producer's investor day, portfolio managers will be eager to hear CEO Mike Wirth's plan to finally reap rewards from the Hess acquisition and begin a new phase of growth.

HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream” or the “Company”) today reported third quarter 2025 net income of $175.5 million compared with net income of $164.7 million for the third quarter of 2024. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $97.7 million, or $0.75 basic earnings per Class A share, compared with $0.63 basic earnings per Class A share in the third quarter of 2024. Hess Midstream generated Adjusted EB.

CNBC's Becky Quick reports on the company's quarterly earnings results.

Chevron's net income declined 21% year over year to $3.54 billion, or $1.82 per share, as oil prices fell and costs rose due to the Hess acquisition. But the oil major achieved record production of 4.1 million barrel per day.