SCHEDULE: Hess Midstream LP: Major Holders Disclose Stakes

ALPS Advisors and Alerian MLP ETF report significant beneficial ownership of Hess Midstream LP common units as of March 31, 2026.

Summary

• This filing is an amendment to a Schedule 13G, indicating changes in beneficial ownership of Hess Midstream LP common units.
• ALPS Advisors, Inc. reported beneficial ownership of 30,880,193 common units, representing 23.87% of the class.
• Alerian MLP ETF reported beneficial ownership of 30,496,065 common units, representing 23.57% of the class.
• Both entities hold these shares in the ordinary course of business and not for the purpose of influencing control of the issuer.
• ALPS Advisors, Inc. acts as an investment adviser to Alerian MLP ETF and other investment companies, holding voting and/or investment power over the reported securities.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing neutrally as it is a routine ownership disclosure and does not provide new financial or operational information about Hess Midstream LP.

Positives

• Significant investment by established financial entities (ALPS Advisors, Inc. and Alerian MLP ETF) suggests confidence in Hess Midstream LP's business model and future prospects.
• The reporting entities confirm that the securities were acquired and are held in the ordinary course of business, implying stable, long-term investment rather than activist intentions.

Negatives

• The filing does not contain any negative financial results or operational issues; it solely reports ownership stakes.

Risks

• While not explicitly stated as risks in this filing, significant ownership by a few entities could potentially lead to concentrated influence on corporate decisions, though the filing disclaims this intent.
• The nature of MLP investments carries inherent risks related to commodity prices, regulatory changes, and operational performance, which are not detailed in this ownership disclosure.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding the company's future performance. It is purely an ownership disclosure.

Management Comments

• ALPS Advisors, Inc. disclaims beneficial ownership of the securities held by the Funds it advises, stating that all reported securities are owned by the Funds.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Industry Context

StockSavvy.ai notes that this Schedule 13G filing reflects significant institutional investment in the midstream energy sector, a critical component of the energy infrastructure. The substantial stakes held by ALPS Advisors and Alerian MLP ETF underscore continued investor interest in stable, income-generating assets within this industry, despite broader market volatilities.

Stakeholder Impact

• Shareholders: The significant stakes held by institutional investors may indicate stability and confidence, potentially influencing market perception. However, the filing does not suggest any immediate impact on share price or corporate control.
• Creditors: No direct impact is indicated, as the filing pertains to equity ownership.
• Employees and Suppliers: No direct impact is indicated by this ownership disclosure.

Next Steps

• Monitor future filings for any changes in beneficial ownership by ALPS Advisors, Inc. and Alerian MLP ETF.
• Continue to track Hess Midstream LP's operational and financial performance through its regular SEC filings (e.g., 10-Q, 10-K).

Key Dates

Keywords

Hess Midstream LP, Schedule 13G, Beneficial Ownership, ALPS Advisors, Alerian MLP ETF, Common Units, Limited Partner Interests, SEC Filing, Investment Adviser