Hess Midstream reduces guidance amid lower Chevron rig activity
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Hess Midstream LP Announces Updated Guidance
September 18, 2025 4:15 PM EDTHOUSTON--(BUSINESS WIRE)-- Hess Midstream LP (NYSE: HESM) (Hess Midstream) today provided updated financial and operational guidance for the remainder of 2025 based on updated expectations and for 2026 and 2027 based on an expected decrease in Bakken rig activity by Chevron from four to three drilling rigs commencing in the fourth quarter of 2025.
Highlights
Hess Midstream continues to expect long-term growth in gas throughput volumes through at least 2027 in the Bakken while oil throughput volumes are now expected to plateau in 2026 as a result of lower planned rig... More