{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-178600","form_type":"8-K","ticker":"HESM","cik":"0001789832","company_name":"Hess Midstream LP","filed_at":"2023-06-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.604541+00:00","generated_at":"2026-06-13T15:00:15.628182+00:00","sec_items":["1.01","2.01","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Hess Midstream repurchases $100M of Class B units from sponsors at $29.85/unit","bullets":["HESM OpCo repurchased 3,350,084 Class B units from affiliates of Hess Corp and GIP for $100M ($29.85/unit).","Repurchased units cancelled; public ownership increases to ~24.0% of consolidated company.","CFO says transaction accretive, supports incremental distribution growth above 5% annual target through 2025.","Funded via revolving credit facility; repurchase approved by conflicts committee of independent directors."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-178600","json":"https://secwatch.observer/filing/0001193125-23-178600.json","markdown":"https://secwatch.observer/filing/0001193125-23-178600.md","text":"https://secwatch.observer/filing/0001193125-23-178600.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1789832/000119312523178600/0001193125-23-178600-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1789832/000119312523178600/d506363d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T15:00:15.628182+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":"981db40f6a6240bbc660f76dc4d8c8f0c9528913","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 2023-06-26).","evidence_excerpt":"he “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) 3,350,084 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/1789832/000119312523178600/0001193125-23-178600-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Hess Investments North Dakota LLC and GIP II Blue Holding, L.P."},{"label":"Value","value":"approximately $100 million"},{"label":"Effective","value":"2023-06-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}