---
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"
generated_at: "2026-05-15T21:45:45.978831+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-091542
- JSON: https://secwatch.observer/filing/0001193125-26-091542.json
- Plain text: https://secwatch.observer/filing/0001193125-26-091542.txt

## Key facts
- Material Agreements
  Hess Midstream LP entered into Unit Repurchase Agreement with Hess Investments North Dakota LLC valued at approximately $18 million (effective 2026-03-02).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Hess Investments North Dakota LLC
  - Value: approximately $18 million
  - Effective: 2026-03-02
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1789832/000119312526091542/0001193125-26-091542-index.htm

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