Hess Midstream's Bakken assets face profitability challenges, limiting growth and future prospects.

Hess Midstream's core Bakken acreage remains high-cost and unprofitable, with production expected to stay flat at 200,000 barrels of oil equivalent per day. The rig count has dropped to three, signaling limited production growth. While Hess Midstream has increased dividends recently, this is seen as a short-term distraction. Chevron, a major partner, is likely to focus capital on more profitable assets, which may further constrain Hess Midstream's growth potential in the Bakken region.