---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-278838"
form_type: "8-K"
ticker: "HESM"
cik: "0001789832"
company_name: "Hess Midstream LP"
filed_at: "2023-11-16T23:59:59+00:00"
generated_at: "2026-06-08T01:20:54.600185+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Hess Midstream repurchases $100M of sponsor Class B units, reducing unit count by ~1.5%

## Summary
- HESM OpCo repurchased 3,370,407 Class B units from affiliates of Hess Corp and GIP for $100M at $29.67/unit.
- Post-repurchase ownership: public 29.8%, Global Infrastructure Partners 32.4%, Hess Corp 37.8%.
- Since 2021, Hess Midstream has returned $1.55B to shareholders via unit repurchases, reducing total units by ~20%.
- Repurchase funded through existing revolving credit facility; expects accretion and supports 5% annual distribution growth target through 2025.

## SEC filing metadata
- accession: 0001193125-23-278838
- form_type: 8-K
- ticker: HESM
- cik: 0001789832
- company_name: Hess Midstream LP
- filed_at: 2023-11-16T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- 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/1789832/000119312523278838/0001193125-23-278838-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789832/000119312523278838/d598976d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-278838
- JSON: https://secwatch.observer/filing/0001193125-23-278838.json
- Plain text: https://secwatch.observer/filing/0001193125-23-278838.txt

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