{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-085570","form_type":"8-K","ticker":"HESM","cik":"0001789832","company_name":"Hess Midstream LP","filed_at":"2023-03-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.556886+00:00","generated_at":"2026-06-17T09:32:03.417456+00:00","sec_items":["1.01","2.01","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Hess Midstream repurchases $100M of Class B units from sponsors at $27.63/unit","bullets":["Repurchased 3,619,254 Class B units from affiliates of Hess Corp and GIP for $100M at $27.63/unit (closing price on March 27, 2023).","Repurchase funded via existing revolving credit facility; units cancelled, increasing public ownership to 18.3%.","Expected to be accretive to shareholders and provide capacity for incremental distribution growth above 5% annual target.","After repurchase, sponsors hold ~81.7% voting interest and 2.0% economic interest in Hess Midstream.","Transaction approved by Board and Conflicts Committee; closed March 30, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-085570","json":"https://secwatch.observer/filing/0001193125-23-085570.json","markdown":"https://secwatch.observer/filing/0001193125-23-085570.md","text":"https://secwatch.observer/filing/0001193125-23-085570.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1789832/000119312523085570/0001193125-23-085570-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1789832/000119312523085570/d392021d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T09:32:03.417456+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"caa52f93d00c5e430bd00f90165265d329dcd3b4","claim":"Hess Midstream LP completed an acquisition involving Hess Investments North Dakota LLC and GIP II Blue Holding, L.P. for aggregate purchase price of approximately $100 million (closed 2023-03-30).","evidence_excerpt":"On March 27, 2023, Hess Midstream LP, a Delaware limited partnership (the “Company”), Hess Midstream Operations LP, a Delaware limited partnership and a subsidiary of the Company that holds all of the Company’s operating assets (“HESM OpCo” and, together with the Company, the “Partnership Entities”), Hess Investments North Dakota LLC, a Delaware limited liability company (“HINDL”), and GIP II Blue Holding, L.P., a Delaware limited partnership (“GIP” and, together with HINDL, the “Sponsors” and each, a “Sponsor”), entered into a Unit Repurchase Agreement (the “Repurchase Agreement”) pursuant to which HESM OpCo agreed to purchase from the Sponsors (divided equally between the Sponsors) 3,619,254 Class B units representing limited partner interests in HESM OpCo (the “Class B Units” and such Class B Units subject to the Repurchase Agreement, the “Repurchased Units”) for an aggregate purchase price of approximately $100 million (the “Repurchase Transaction”). The Repurchase Transaction was","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1789832/000119312523085570/0001193125-23-085570-index.htm","confidence":0.7,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Hess Investments North Dakota LLC and GIP II Blue Holding, L.P."},{"label":"Consideration","value":"aggregate purchase price of approximately $100 million"},{"label":"Closing","value":"2023-03-30"}],"fact_type":"ma_transaction"},{"claim_id":"487afa3e74fb89195d2d8497f2ac6f71e94f0cdd","claim":"Hess Midstream LP entered into Unit Repurchase Agreement with Hess Investments North Dakota LLC and GIP II Blue Holding, L.P. valued at approximately $100 million (effective 2023-03-27).","evidence_excerpt":"On March 27, 2023, Hess Midstream LP, a Delaware limited partnership (the “Company”), Hess Midstream Operations LP, a Delaware limited partnership and a subsidiary of the Company that holds all of the Company’s operating assets (“HESM OpCo” and, together with the Company, the “Partnership Entities”), Hess Investments North Dakota LLC, a Delaware limited liability company (“HINDL”), and GIP II Blue Holding, L.P., a Delaware limited partnership (“GIP” and, together with HINDL, the “Sponsors” and each, a “Sponsor”), entered into a Unit Repurchase Agreement (the “Repurchase Agreement”) pursuant to which HESM OpCo agreed to purchase from the Sponsors (divided equally between the Sponsors) 3,619,254 Class B units representing limited partner interests in HESM OpCo (the “Class B Units” and such Class B Units subject to the Repurchase Agreement, the “Repurchased Units”) for an aggregate purchase price of approximately $100 million (the “Repurchase Transaction”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1789832/000119312523085570/0001193125-23-085570-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Hess Investments North Dakota LLC and GIP II Blue Holding, L.P."},{"label":"Value","value":"approximately $100 million"},{"label":"Effective","value":"2023-03-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}