Hess Midstream LP (HESM) Stock

Hess Midstream LP is a prominent player in the midstream sector, specializing in the ownership, development, operation, and acquisition of essential midstream assets across strategic locations. The company operates through three distinct segments, each playing a crucial role in its comprehensive infrastructure network.

Under its Gathering segment, Hess Midstream LP owns and manages extensive natural gas gathering and compression systems, crude oil gathering infrastructure, and facilities for the gathering and disposal of produced water. These assets include over 1,350 miles of high and low-pressure natural gas and natural gas liquids pipelines, capable of handling approximately 450 million cubic feet per day, along with a network spanning 550 miles of crude oil gathering pipelines.

The Processing and Storage segment encompasses critical facilities such as the Tioga Gas Plant, a pivotal natural gas processing and fractionation facility in North Dakota, and a 50% stake in the Little Missouri 4 gas processing plant. Additionally, the segment operates the Mentor Storage Terminal, specializing in propane storage caverns and comprehensive rail and truck loading and unloading capabilities in Mentor, Minnesota.

Within its Terminaling and Export segment, Hess Midstream LP oversees the Ramberg terminal facility, Tioga rail terminal, and a fleet of crude oil rail cars. The segment also manages the Johnson's Corner Header System, a crucial component of its crude oil pipeline infrastructure. Founded in 2014 and headquartered in Houston, Texas, Hess Midstream LP continues to expand its footprint and enhance its operational capabilities in the dynamic midstream energy landscape.