SCHEDULE 13G/A: Blackstone Entities Disclose 3.8% Stake in Hess Midstream LP

Multiple Blackstone-affiliated entities and Stephen A. Schwarzman have filed an amended Schedule 13G, disclosing a collective 3.8% beneficial ownership in Hess Midstream LP.

Summary

• Harvest Fund Advisors LLC and its related entities beneficially own 5,015,644 Class A shares of Hess Midstream LP.
• Blackstone Intermediary Holdco L.L.C. and its upstream entities, including Blackstone Inc. and Stephen A. Schwarzman, beneficially own 5,016,295 Class A shares.
• The total beneficial ownership represents 3.8% of Hess Midstream LP's Class A shares outstanding.
• The calculation of the percentage is based on 131,084,592 Class A shares outstanding following a secondary offering described in a prospectus filed on May 30, 2025.
• The reporting persons certify that the securities were not acquired for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain performance data or forward-looking statements that would indicate positive or negative sentiment.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of beneficial ownership by institutional investors in a publicly traded midstream energy company. It reflects an investment position rather than a strategic industry move or operational update.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, confirming a substantial stake held by Blackstone-affiliated entities.

Key Dates

Keywords

Hess Midstream LP, Blackstone, Harvest Fund Advisors, Beneficial Ownership, Schedule 13G, Midstream, Energy Infrastructure, Limited Partner Interests