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News 2026-10-06 21:27 UTC
Hess Midstream LP updates its full year 2026 guidance. Hess Midstream LP provides preliminary financial guidance for 2027 after giving effect to the transaction, including expected Adjusted EBITDA(1) of approximately $850 million to $950 million(2), with expected Gross Adjusted EBITDA Margin(1) of approximately 75%, an
News 2026-10-06 21:20 UTC
Chevron to divest its ownership interests in Hess Midstream and DJ Basin crude oil midstream assets in exchange for extended and improved Bakken midstream commercial terms -- Expected to improve Chevron's Bakken cost structure and increase return on capital employed -- Supports competitive upstream development activi
News 2026-10-06 21:17 UTC
Expects To Deconsolidate Hess Midstream, Including $3.70B In Debt - Revised Agreements Expected To Cut Bakken Unit Midstream Costs By About 50% And Lift Return On Capital Employed By 0.5% - Deal Expected To Close By End-2026
News 2026-10-06 21:15 UTC
Chevron entered agreements to restructure Bakken contracts and set new DJ Basin contracts, cutting Bakken unit midstream costs by ~50%. It will transfer its Hess Midstream interests and DJ crude assets, deconsolidate ~$3.7B HESM debt, and expects a $3—$4B after-tax loss at closing.Material DetailsC…