Why Is Hess Midstream $HESM Stock Down -13.1% Today? (Find out why any stock moved today on Tickeron.) • $HESM shares fell roughly 13.1% to about $33.62, down from a prior-session close of $38.69. • The primary catalyst was a transformative deal in which CVX (Chevron) will divest its entire ownership stake in Hess Midstream and its Denver-Julesburg (DJ) Basin midstream assets. • The restructured Bakken contracts include lower tariffs and fees from 2027 through 2033, removing a takeover premium the market had previously priced in. • Chevron plans to cut its Bakken rig count from three to two starting in December 2026, signaling a softer volume-growth outlook. • Traders are now watching for deal-closing details, updated 2027 guidance, and how the company's new independent, multi-basin structure performs. $WES $MPLX $PAA $PAGP $EPD $KNTK $OKE