Hess Midstream Partners, which benefits from having a pristine balance sheet, has used its financial muscle to acquire its parent Hess Infrastructure Partners.
Hess Midstream Partners has also been developing major projects which will significantly grow its natural gas processing capacity, further bolstering the MLP’s growth.
Hess Midstream has been primarily serving Hess Corp. but it is gradually diversifying its customer base.
Hess Midstream Partners LP (HESM) is much smaller and less diversified than some of the leading midstream MLPs but it is quickly expanding its footprint in the Bakken shale play. The Houston, Texas-based