Webull and Hess Midstream Shares Plunge on Security Concerns and Weak Guidance

Key Facts

1Webull shares fell 19.2% following a U.S. congressional report raising national security concerns over the firm's ties to China.

2Hess Midstream shares declined 14.6% after issuing 2027 adjusted EBITDA guidance that fell below previous market expectations.

3Chevron expects to record a one-time after-tax loss of $3 billion to $4 billion resulting from its transaction with Hess Midstream.

Webull shares fell 19.2% following a U.S. congressional report raising national security concerns over the firm's ties to China, according to Financial Modeling Prep. Simultaneously, Hess Midstream shares declined 14.6% after issuing 2027 adjusted EBITDA guidance that fell below previous market expectations. Financial Modeling Prep also reported that Chevron expects to record a one-time after-tax loss of $3 billion to $4 billion resulting from its transaction with Hess Midstream.

BULL closed at $7.28 on October 6, 2026, prior to these developments, while HESM closed at $38.69 on the same date. The weakened guidance for Hess Midstream followed reduced service fees in a deal where Chevron exits its ownership position. In the broader energy sector, CVX closed at $207.58 on October 6, 2026, while peer XOM closed at $163.785 on October 7, 2026.