3/ JPM believes $HESM has a business model that exhibits traits of quality and predictability as a ~3% variance results in soft guidance, and the '26 growth story remains intact amid robust volumetric and free cash flow growth. Investors will also look for updates on $CVX's announced acquisition of $HES, alongside implications for what $HES' ownership stake may mean. $HESM also declared and increased its distribution per share for FY24.