GIP affiliate sells 12.65M HESM Class A shares in upsized secondary offering at $35.12/sh

Hess Midstream LP

Offering upsized from 10M to 11M shares, plus full exercise of 1.65M-share option: total 12.65M shares.
Price $35.12/share; selling shareholder affiliate of Global Infrastructure Partners receives net proceeds of $444.3M.
Hess Midstream LP receives no proceeds. Underwriter Citigroup; offering closed September 20, 2024.
Lock-up agreements restrict company, selling shareholder, and Hess Investments North Dakota for 90 days.
Secondary sale does not change HESM's outstanding share count or operations; existing shares transferred.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.