Hess Midstream announces $60 million share repurchase program

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Go back to Hess Midstream announces $60 million share repurchase program

Hess Midstream LP Announces Signing of Accretive $60 Million Repurchase From Sponsor and the Public

March 3, 2026 8:00 AM EST

HOUSTON--(BUSINESS WIRE)-- Hess Midstream LP (NYSE: HESM) (Hess Midstream), today announced an accretive $60 million repurchase that included both Class B units of its subsidiary, Hess Midstream Operations LP, from an affiliate of 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 $18 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 the Board of... More