{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-067915","form_type":"8-K","ticker":"HESM","cik":"0001789832","company_name":"Hess Midstream LP","filed_at":"2024-03-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.545866+00:00","generated_at":"2026-06-04T21:26:31.731748+00:00","sec_items":["1.01","2.01","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Hess Midstream repurchases $100M of Class B units from sponsors","bullets":["Repurchased 2,816,901 Class B units at $35.50/unit, ~1.2% of company, closing March 14, 2024.","Funded via existing revolving credit facility; expected to be accretive to distributable cash flow per share.","Since 2021, $1.65B returned to shareholders via repurchases, reducing unit count by over 20%.","After repurchase: public 35.4%, GIP 26.8%, Hess Corp 37.8% ownership; >$1.25B financial flexibility through 2026.","Transaction unanimously approved by board and independent conflicts committee."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-067915","json":"https://secwatch.observer/filing/0001193125-24-067915.json","markdown":"https://secwatch.observer/filing/0001193125-24-067915.md","text":"https://secwatch.observer/filing/0001193125-24-067915.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1789832/000119312524067915/0001193125-24-067915-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1789832/000119312524067915/d790264d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T21:26:31.731748+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":"03a40a31e8388aa4967f5310480e4ae43ad61c66","claim":"Hess Midstream LP completed an acquisition involving HINDL and GIP for approximately $100 million (closed 2024-03-14).","evidence_excerpt":"B Units”) and (b) GIP 1,757,511 Class B Units (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 March 14, 2024. The purchase price per Class B Unit was $35.50, 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/1789832/000119312524067915/0001193125-24-067915-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"HINDL and GIP"},{"label":"Consideration","value":"approximately $100 million"},{"label":"Closing","value":"2024-03-14"}],"fact_type":"ma_transaction"},{"claim_id":"aaf53837a2892fbc7ee02cb6ddf95b7b51be4f3a","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 2024-03-11).","evidence_excerpt":"On March 11, 2024, 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 (a) HINDL 1,059,390 Class B units representing limited partner interests in HESM OpCo (the “Class B Units”) and (b) GIP 1,757,511 Class B Units (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/1789832/000119312524067915/0001193125-24-067915-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":"2024-03-11"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}