NYSE:HESM - New York Stock Exchange, Inc. - US4281031058 - Common Stock - Currency: USD
Continental Resources, a petroleum and natural gas exploration and production company headquartered in Oklahoma City, filed a lawsuit against Hess Corp (NYSE:HES) in federal court. The latter is accused of manipulating internal agreements and inflating midstream fees, extracting up to $69 million at the expense of its partners. The lawsuit directly implicates Hess Midstream LP […]
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The lawsuit, filed in a federal court in Houston, US, accuses Hess of inflating midstream service fees via transactions with its subsidiaries.
BEIJING/SHANGHAI (Reuters) -China cut benchmark lending rates for the first time since October on Tuesday, while major state banks lowered deposit rates as authorities work to ease monetary policy to help buffer the economy from the impact of the Sino-U.S. trade war. The widely expected rate cuts are aimed at stimulating consumption and loan growth as the world's No. 2 economy softens, while still protecting commercial lenders' shrinking profit margins. Still, the size of the rate reductions was mild and reflected the incremental pace of monetary easing in recent years and what analysts interpreted as some wariness among policymakers for more aggressive steps while they navigate the trade war with the United States.
HOUSTON (Reuters) -U.S. shale producer Continental Resources has filed a lawsuit against Hess Corp alleging that it was defrauded out of up to $69 million through a series of deals the well operator conducted with its subsidiaries. Continental said that Hess, which operates hundreds of wells in North Dakota, artificially inflated midstream service fees by entering into agreements with its own subsidiaries. Net revenues for hydrocarbons from the wells, in which Continental holds a non-operating working interest, were far below market value due to excessive service fees paid to Hess Midstream Partners, the lawsuit said.
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Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Hess Midstream, Southern, and VICI Properties have rewarded shareholders for years and recently announced dividend increases. ...
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Hess Midstream announced that the Board of Directors of its general partner declared a quarterly cash distribution of 70.98c per Class A share for the quarter ended March 31, 2025, an increase of 0.86c per Class A share as compared with the fourth quarter of 2024, consistent with Hess Midstream’s targeted 5% growth in annual distributions per Class A share through 2027. “With today’s announcement, we continue to execute on our differentiated financial strategy, prioritizing consistent and ongoin
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