{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-091542","form_type":"8-K","ticker":"HESM","cik":"0001789832","company_name":"Hess Midstream LP","filed_at":"2026-03-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.190509+00:00","generated_at":"2026-05-15T21:45:45.978831+00:00","sec_items":["1.01","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Hess Midstream announces $60M repurchase: $18M sponsor buyback + $42M ASR","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-091542","json":"https://secwatch.observer/filing/0001193125-26-091542.json","markdown":"https://secwatch.observer/filing/0001193125-26-091542.md","text":"https://secwatch.observer/filing/0001193125-26-091542.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1789832/000119312526091542/0001193125-26-091542-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1789832/000119312526091542/d104823d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T21:45:45.978831+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c2aa9d7bb25698a656667f5e10a50ce53e39f9d7","claim":"Hess Midstream LP entered into Unit Repurchase Agreement with Hess Investments North Dakota LLC valued at approximately $18 million (effective 2026-03-02).","evidence_excerpt":"On March 2, 2026, Hess Midstream LP, a Delaware limited partnership (the “Company”), Hess Midstream Operations LP, a Delaware limited partnership and a subsidiary of the Company that holds all of the Company’s operating assets (“HESM OpCo” and, together with the Company, the “Partnership Entities”), and Hess Investments North Dakota LLC, a Delaware limited liability company (“HINDL”) and an indirect, wholly owned subsidiary of Chevron Corporation (“Chevron”), entered into a Unit Repurchase Agreement (the “Repurchase Agreement”) pursuant to which HESM OpCo agreed to purchase from HINDL 455,811 Class B units representing limited partner interests in HESM OpCo (“Class B Units” and such Class B Units subject to the Repurchase Agreement, the “Subject Units”) for an aggregate purchase price of approximately $18 million (the “Repurchase Transaction”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1789832/000119312526091542/0001193125-26-091542-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Hess Investments North Dakota LLC"},{"label":"Value","value":"approximately $18 million"},{"label":"Effective","value":"2026-03-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}