---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-007128"
form_type: "8-K"
ticker: "HESM"
cik: "0001789832"
company_name: "Hess Midstream LP"
filed_at: "2025-01-15T23:59:59+00:00"
generated_at: "2026-05-28T01:16:11.230073+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Hess Midstream repurchases $100M in Class B units from sponsors; 2.57M units cancelled

## Summary
- Repurchased 2,572,677 Class B units from affiliates of Hess and GIP/BlackRock at $38.87/unit; closed Jan 15.
- Repurchase expected to be accretive and support incremental distribution growth above 5% annual target through 2026.
- Post-repurchase public holds ~47.9%, Hess ~37.8%, GIP/BlackRock ~14.3%; combined sponsor voting interest ~52.1%.
- Since 2021, total sponsor unit repurchases reach $1.95B; company retains over $1.25B financial flexibility through 2026.
- Funded via existing credit facility; repurchase approved by independent conflicts committee.

## SEC filing metadata
- accession: 0001193125-25-007128
- form_type: 8-K
- ticker: HESM
- cik: 0001789832
- company_name: Hess Midstream LP
- filed_at: 2025-01-15T23:59:59+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/1789832/000119312525007128/0001193125-25-007128-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789832/000119312525007128/d835284d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-007128
- JSON: https://secwatch.observer/filing/0001193125-25-007128.json
- Plain text: https://secwatch.observer/filing/0001193125-25-007128.txt

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