JPMorgan Chase Boosts Stake in Hess Midstream Partners

Investment firm increases holdings in energy infrastructure company by 179.3%

Mar. 19, 2026 at 9:21am

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JPMorgan Chase & Co. has significantly increased its stake in Hess Midstream Partners LP, a midstream energy company that operates infrastructure for oil and gas production in the Bakken Shale region. According to a recent 13F filing, JPMorgan Chase grew its position in Hess Midstream by 179.3% in the third quarter, now owning over 2.2 million shares worth $78.4 million.

Why it matters

This investment signals JPMorgan Chase's confidence in the long-term prospects of Hess Midstream Partners and the broader Bakken Shale energy market. As a major player in the midstream space, Hess Midstream's infrastructure assets are crucial for supporting upstream oil and gas production in the region.

The details

JPMorgan Chase & Co. purchased an additional 1.46 million shares of Hess Midstream Partners in the third quarter, bringing its total stake to 2,269,146 shares. This represents a 179.3% increase in the investment firm's position. Hess Midstream Partners operates a network of pipelines, storage facilities, and processing plants that serve producers in North Dakota and Montana's Bakken Shale.

  • JPMorgan Chase & Co. increased its stake in Hess Midstream Partners in the third quarter of 2026.

The players

JPMorgan Chase & Co.

A multinational investment bank and financial services company headquartered in New York City.

Hess Midstream Partners LP

A midstream energy partnership that owns and operates crude oil, natural gas, and produced water infrastructure in the Williston Basin, primarily serving the Bakken Shale region.

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The takeaway

JPMorgan Chase's significant increase in its Hess Midstream Partners stake underscores the investment firm's bullish outlook on the Bakken Shale energy market and the critical role that midstream infrastructure plays in supporting upstream production in the region.