---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-114907"
form_type: "8-K"
ticker: "HESM"
cik: "0001789832"
company_name: "Hess Midstream LP"
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T08:40:24.918870+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hess Midstream signs $200M repurchase: $190M from sponsors, $10M ASR of Class A shares

## Summary
- HESM OpCo to repurchase 5,151,842 Class B units from sponsors for ~$190M at $36.88/share; units canceled.
- ASR agreement with JPMorgan to repurchase $10M of Class A shares; initial delivery of 189,804 shares.
- Post-unit repurchase (pre-ASR) ownership: public 55.1%, Hess Corp 37.8%, GIP/BlackRock 7.1%.
- Unit repurchase expected to close May 9, 2025; ASR final settlement in May 2025; funded via credit facility.
- CFO says repurchases accretive; expects >$1.25B financial flexibility through 2027 for further repurchases.

## SEC filing metadata
- accession: 0001193125-25-114907
- form_type: 8-K
- ticker: HESM
- cik: 0001789832
- company_name: Hess Midstream LP
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1789832/000119312525114907/0001193125-25-114907-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789832/000119312525114907/d875649d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-114907
- JSON: https://secwatch.observer/filing/0001193125-25-114907.json
- Plain text: https://secwatch.observer/filing/0001193125-25-114907.txt

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