Hess Midstream LP (HESM) Back Under Morgan Stanley's Radar After Chevron Merger
According to Morgan Stanley, the key concern for Hess Midstream LP (NYSE:HESM) is whether Chevron will buy the remaining part or keep it as a separate midstream company.
According to the firm, a possible takeover wouldn't likely have a major financial impact on Chevron, although it might streamline the company's organizational structure and grant the oil giant more direct control over midstream activities.
Hess Midstream LP (NYSE:HESM) is a midstream energy company that specializes in fee-based gathering, processing, storage, and terminal services. Based in Texas, the company operates in the Bakken and Three Forks shale areas.
While we acknowledge the potential of HESM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Read More: and
Disclosure: None.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
an hour ago
- Bloomberg
Morgan Stanley's Adam Jonas to Step Away From Autos Coverage
Morgan Stanley's Adam Jonas, a longtime Tesla Inc. bull and automotive industry analyst, is moving into a new broader role at the bank, according to an internal memo seen by Bloomberg. Jonas, who has covered Tesla at the firm for more than a decade, will be taking on the coverage of artificial intelligence and humanoid robots later this year, the memo said. A Morgan Stanley spokesperson confirmed the contents of the memo.
Bloomberg
an hour ago
- Bloomberg
S&P 500 Rallies Since May as Traders Sift Through Results
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are BlackRock's Stephen Laipply, EQT's Toby Rice, DA Davidson & Co's Gil Luria, Morgan Stanley's Michael Zezas, Edward Jones' Mona Mahajan, Seaport Research Partners' Aaron Kessler, Jefferies' Brent Thill, Waze's Uri Levine, The Institute For Advanced Study's Alondra Nelson. (Source: Bloomberg)
Miami Herald
2 hours ago
- Miami Herald
Fast-food chain franchisee closes, files Chapter 11 bankruptcy
Fast-food franchisees have battled economic challenges over the last three years, which have led certain chain operators to close restaurant locations and, in some cases, file for bankruptcy. Rising costs of operating driven by inflation, such as labor and food, are the top reason many franchisees have faced distress. Other common financial issues blamed for distress include fierce competition among dining chains and consumer reluctance to spend in uncertain times. Restaurant operators reporting higher annual sales in May 2025: 52%.Restaurant operators reporting higher annual sales in June 2025: 49%.Restaurant operators reporting sales decline in May 2025: 38%.Restaurant operators reporting sales decline in June 2025: 41%. Red flags were raised in June 2025, as 49% of restaurant operators reported a rise in same-store sales between June 2024 and June 2025, which was down from 52% reporting higher sales in May 2025, according to the National Restaurant Association. Related: Famous gunmaker files for Chapter 11 bankruptcy, closes As for restaurants reporting sales declines, more reported declines in June, with 41% reporting decreased sales, than in May, with 38% reporting declines. Former Panera Bread franchisee EYM Cafe of Texas LLC filed for Chapter 11 bankruptcy protection on Aug. 2 after it lost control of its 15 Houston-area Panera franchises in a court judgment. EYM Cafe of Texas listed up to $50,000 in assets and $10 million to $50 million in debts in its petition filed in the U.S. Bankruptcy Court for the Eastern District of Missouri. The Irving, Texas-based debtor's largest creditors include the Internal Revenue Service, owed over $904,000, and the Texas Comptroller of Public Accounts, owed over $124,000. Panera LLC on May 23, 2025, filed a lawsuit against EYM Cafe of Texas in the U.S. District Court for the Eastern District of Missouri for unauthorized operation of several Panera locations in Texas and unapproved use of its trademarks. EYM Cafe's franchise agreements had been terminated in March and May 2025 due to payment defaults, food safety violations, and brand standard breaches, according to Related: Major mattress retailer files Chapter 7 bankruptcy, closes stores A federal judge ruled in favor of Panera on June 17, issuing a permanent injunction and ordering EYM Cafe of Texas to stop operating under the Panera brand and remove all references to the restaurant brand's intellectual property by Aug. 21, QSR reported. The judge's ruling also imposed a two-year non-compete clause barring EYM owner Eduardo Diaz from owning or advising any competing dining business within five miles of a Panera location. Diaz has a history of fighting lawsuits and filing for bankruptcy on behalf of his companies' other fast-food restaurant franchises. EYM Pizza, which at one time operated 142 Pizza Hut locations in Texas, Wisconsin, Ohio, and Indiana, filed for Chapter 11 bankruptcy protection in the Eastern District of Texas on July 22, 2024. More bankruptcy Major iconic food brand files for Chapter 11 bankruptcyPopular Dairy Queen rival franchisee files Chapter 11 bankruptcyPopular vision care chain files for Chapter 11 bankruptcy The debtor sold 77 Pizza Hut locations and closed 65 locations it could not sell in the bankruptcy case. The franchisee had also been sued by Pizza Hut after it allegedly stopped paying franchise royalties when a forbearance period ended. EYM Cafe of Texas King. Diaz's KFC franchisee EYM Chicken closed 25 of its 47 locations in 2024, and his EYM Chicken of Indiana LLC entity filed for Chapter 11 protection in the Court for the Eastern District of Texas on June 14, 2025. Another Diaz franchisee, EYM King, was ordered to close 26 Michigan Burger King locations in March 2023 after the Burger King Corp. terminated EYM's franchise agreement, according to Restaurant Business at the time. Burger King had filed a lawsuit against EYM King in February 2023 seeking payment of unpaid royalties, advertisement payments, and other charges. Don't miss the move: Subscribe to TheStreet's free daily newsletter The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
