---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-217253"
form_type: "8-K"
ticker: "HESM"
cik: "0001789832"
company_name: "Hess Midstream LP"
filed_at: "2024-09-11T23:59:59+00:00"
generated_at: "2026-05-31T05:27:46.284211+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hess Midstream repurchases $100M of Class B units from sponsors at $35.42/share

## Summary
- Repurchased 2,823,262 Class B units from Hess Corp and GIP affiliates for ~$100M (1.3% of consolidated co).
- Transaction closed Sept 11, 2024; funded via revolving credit facility.
- Since 2021, total $1.85B returned to shareholders via sponsor unit repurchases; >$1.25B financial flexibility through 2026.
- Expected to increase distributable cash flow per Class A share, supporting annual distribution growth of at least 5% through 2026.
- Post-repurchase ownership: public 41.5%, GIP 20.7%, Hess Corp 37.8%.

## SEC filing metadata
- accession: 0001193125-24-217253
- form_type: 8-K
- ticker: HESM
- cik: 0001789832
- company_name: Hess Midstream LP
- filed_at: 2024-09-11T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1789832/000119312524217253/0001193125-24-217253-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789832/000119312524217253/d889402d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-217253
- JSON: https://secwatch.observer/filing/0001193125-24-217253.json
- Plain text: https://secwatch.observer/filing/0001193125-24-217253.txt

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