Hess Midstream prices $559.6M secondary offering at $37.25/share; three directors resign

Hess Midstream LP

Selling shareholder (GIP/BlackRock affiliate) sold 15,022,517 Class A shares at $37.25 per share.
Gross proceeds to selling shareholder of $559.59M; company will receive no proceeds.
Directors William J. Brilliant, Scott E. Telesz and James K. Lee resigned effective upon closing.
Company and certain affiliates subject to 60-day lock-up on additional share sales.
Offering expected to close May 30, 2025; J.P. Morgan and Citigroup acted as joint bookrunners.

item 1.01item 5.02item 8.01item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

William J. Brilliant

Director

HESM · Hess Midstream LP

Effective: 2025-05-30
Filed: May 30, 2025 23:59 UTC

Effective upon the closing of the Secondary Offering, in connection with the governance changes disclosed in the Current Report on Form 8-K dated May 28, 2025, each of William J. Brilliant, Scott E. Telesz and James K. Lee resigned from the board of directors (the “Board”) of GP LLC.

Departed

Scott E. Telesz

Director

HESM · Hess Midstream LP

Effective: 2025-05-30
Filed: May 30, 2025 23:59 UTC

Effective upon the closing of the Secondary Offering, in connection with the governance changes disclosed in the Current Report on Form 8-K dated May 28, 2025, each of William J. Brilliant, Scott E. Telesz and James K. Lee resigned from the board of directors (the “Board”) of GP LLC.

Departed

James K. Lee

Director

HESM · Hess Midstream LP

Effective: 2025-05-30
Filed: May 30, 2025 23:59 UTC

Effective upon the closing of the Secondary Offering, in connection with the governance changes disclosed in the Current Report on Form 8-K dated May 28, 2025, each of William J. Brilliant, Scott E. Telesz and James K. Lee resigned from the board of directors (the “Board”) of GP LLC.

Source: SEC EDGAR

accession 0001193125-25-132104

view filing index on sec.gov

view primary document

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.