---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-169065"
form_type: "8-K"
ticker: "HESM"
cik: "0001789832"
company_name: "Hess Midstream LP"
filed_at: "2024-06-26T23:59:59+00:00"
generated_at: "2026-06-01T01:44:54.092950+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Hess Midstream signs $100M sponsor unit repurchase; 2.7M Class B units cancelled

## Summary
- Repurchased 2,724,052 Class B units from Hess Corp and Global Infrastructure Partners at $36.71/unit.
- Transaction funded with cash on hand, closed June 26, 2024; reduces total unit count by ~1.2%.
- Since 2021, Hess Midstream has returned $1.75B to shareholders through unit repurchases, reducing unit count by nearly 25%.
- Over $1.25B of financial flexibility remains through 2026 for potential incremental repurchases.
- Repurchase accretive to Class A shares, supports distribution growth above 5% annual target.

## SEC filing metadata
- accession: 0001193125-24-169065
- form_type: 8-K
- ticker: HESM
- cik: 0001789832
- company_name: Hess Midstream LP
- filed_at: 2024-06-26T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1789832/000119312524169065/0001193125-24-169065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789832/000119312524169065/d855192d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-169065
- JSON: https://secwatch.observer/filing/0001193125-24-169065.json
- Plain text: https://secwatch.observer/filing/0001193125-24-169065.txt

## Key facts
- M&A Transactions
  Hess Midstream LP completed an acquisition involving HINDL and GIP II Blue Holding, L.P. for aggregate purchase price of approximately $100 million (closed 2024-06-26).
  - Action: acquisition
  - Counterparty: HINDL and GIP II Blue Holding, L.P.
  - Consideration: aggregate purchase price of approximately $100 million
  - Closing: 2024-06-26
  source text: B Units”) and (b) GIP 1,699,581 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 June 26, 2024. The purchase price per Class B Unit was $36.71, the closing price of the Class A
  evidence_url: https://www.sec.gov/Archives/edgar/data/1789832/000119312524169065/0001193125-24-169065-index.htm

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