{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-240508","form_type":"8-K","ticker":"HESM","cik":"0001789832","company_name":"Hess Midstream LP","filed_at":"2023-09-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.255423+00:00","generated_at":"2026-06-10T09:48:47.898610+00:00","sec_items":["1.01","2.01","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Hess Midstream repurchases $100M of Class B units from sponsors at $30.29/unit","bullets":["Repurchased 3,301,420 Class B units from Hess Corp and GIP affiliates for $100M ($30.29/unit).","Units cancelled; transaction closed Sept 22, 2023, funded via credit facility.","Public ownership rises to ~29.4%; sponsors hold ~70.6% voting, 1.3% economic interest.","Expects >$1B financial flexibility through 2025 for potential additional repurchases.","Accretive transaction supports distribution growth above 5% annual target through 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-240508","json":"https://secwatch.observer/filing/0001193125-23-240508.json","markdown":"https://secwatch.observer/filing/0001193125-23-240508.md","text":"https://secwatch.observer/filing/0001193125-23-240508.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1789832/000119312523240508/0001193125-23-240508-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1789832/000119312523240508/d469047d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T09:48:47.898610+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":"07454d39d59499f9f0eec38d055c8ea0bc1cf2d5","claim":"Hess Midstream LP completed an acquisition involving HINDL and GIP II Blue Holding, L.P. for approximately $100 million (closed 2023-09-22).","evidence_excerpt":"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 consummated on September 22, 2023. The purchase price per Class B Unit was $30.29, the closing price of the Class A","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1789832/000119312523240508/0001193125-23-240508-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"HINDL and GIP II Blue Holding, L.P."},{"label":"Consideration","value":"approximately $100 million"},{"label":"Closing","value":"2023-09-22"}],"fact_type":"ma_transaction"},{"claim_id":"81b2a7ec312a60f5c8f6f66c3f12abd493575000","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 2023-09-19).","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) 3,301,420 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/1789832/000119312523240508/0001193125-23-240508-index.htm","confidence":0.9,"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":"2023-09-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}