Hess Midstream announces $100 million share and unit repurchase program

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Go back to Hess Midstream announces $100 million share and unit repurchase program

Hess Midstream LP Announces Signing of Accretive $100 Million Repurchase From Sponsor and the Public

August 5, 2025 8:00 AM EDT

HOUSTON--(BUSINESS WIRE)-- Hess Midstream LP (NYSE: HESM) (Hess Midstream), today announced an accretive $100 million repurchase that included both Class B units of its subsidiary, Hess Midstream Operations LP, from an affiliate of Chevron Corporation (Chevron), Hess Midstreams sponsor (the Sponsor), and Hess Midstreams Class A shares from the public.

Hess Midstream announced the execution of a definitive agreement providing for the repurchase of approximately $30 million of Class B units by its subsidiary, Hess Midstream Operations LP, from the Sponsor. The terms of the proposed unit repurchase transaction were unanimously approved by... More