Hess Midstream announces $60M repurchase: $18M sponsor buyback + $42M ASR

Hess Midstream LP

Repurchased 455,811 Class B units from Chevron affiliate at $39.49/unit for ~$18M.
Entered $42M ASR with JPMorgan to repurchase Class A shares; initial delivery of 744,492 shares.
Both repurchases funded via revolving credit facility; repurchased securities will be cancelled.
Post unit repurchase, public ownership ~62.2%, Chevron ~37.8%; expects increased distributable cash flow per share.
Reaffirms ~$1B financial flexibility through 2028 for incremental shareholder returns and debt repayment.

item 1.01item 7.01item 8.01item 9.01

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.