Hess Midstream LP (HESM) Discusses Definitive Agreement for DJ Basin Asset Acquisition and Business Strategy Transcript

Hess Midstream LP discusses acquisition of DJ Basin assets and business strategy.

The company has entered into a definitive agreement to acquire certain midstream assets in the DJ Basin from Crestone Peak Resources.

The acquisition will expand Hess Midstream's footprint in the DJ Basin and provide additional cash flow.

The company also provided an update on its business strategy, including plans to grow its gathering and processing business.

Hess Midstream's stock price has been volatile, reflecting the company's growth prospects and the broader energy market.