---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-095095"
form_type: "8-K"
ticker: "HESM"
cik: "0001789832"
company_name: "Hess Midstream LP"
filed_at: "2022-04-04T23:59:59+00:00"
generated_at: "2026-06-26T09:52:16.090124+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Hess Midstream announces $400M sponsor unit repurchase and $263M secondary offering

## Summary
- HESM subsidiary repurchases 13,559,322 Class B units from sponsors for $400M at $29.50/unit; funded via revolver.
- Sponsors sell 8.9M Class A shares in upsized secondary at $29.50/unit; underwriter option exercised for 1.335M additional.
- Repurchase and offering close April 4; Sponsors retain ~81.65% voting and 2.04% economic interest post-transaction.
- Transaction expected to optimize leverage to 3.0x Debt/EBITDA and provide immediate accretion to unitholders.

## SEC filing metadata
- accession: 0001193125-22-095095
- form_type: 8-K
- ticker: HESM
- cik: 0001789832
- company_name: Hess Midstream LP
- filed_at: 2022-04-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1789832/000119312522095095/0001193125-22-095095-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789832/000119312522095095/d339275d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-095095
- JSON: https://secwatch.observer/filing/0001193125-22-095095.json
- Plain text: https://secwatch.observer/filing/0001193125-22-095095.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.