Core Insights - Hess Midstream LP (NYSE:HESM) is recognized as one of the 15 Extreme Dividend Stocks to buy according to hedge funds [1] - The company announced a 2.4% increase in its quarterly dividend to $0.7548 per share, marking its 32nd consecutive quarter of dividend growth [2] - For Q3 2025, Hess Midstream reported a net income of $176 million, a slight decrease from $180 million in Q2, while adjusted EBITDA rose to $321 million from $316 million [3] Dividend and Financial Performance - The quarterly dividend increase will be paid on November 14 to shareholders of record as of November 6, with an ex-dividend date of November 6 [2] - The gross adjusted EBITDA margin remained strong at approximately 80%, exceeding the 75% target, indicating solid operating leverage [3] - The third-quarter distribution included a targeted 5% annual growth per Class A share, along with an additional boost from a $100 million share repurchase [3] Analyst Ratings and Price Target - Raymond James analyst J.R. Weston lowered Hess Midstream's price target to $35 from $48 while maintaining an Outperform rating, reflecting adjustments across the midstream suppliers group ahead of Q3 earnings [4] - Hess Midstream provides midstream services, including gathering, processing, storing, and transporting crude oil, natural gas, and natural gas liquids [4]