Hess Midstream LP Announces Signing of Accretive $100 Million Sponsor Unit Repurchase
Hess Midstream LP Class A Share (HESM)
Last hess midstream lp class a share earnings: 1/29 08:00 am
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”), today announced the execution of a definitive agreement providing for the repurchase of approximately $100 million of Class B units by its subsidiary, Hess Midstream Operations LP, from affiliates of Hess Corporation and Global Infrastructure Partners, Hess Midstream’s sponsors (the “Sponsors”). The terms of the proposed unit repurchase transaction were unanimously approved by the Board of Directors of Hess Midstream’s general partner, based on the unanimous approval and recommendation of its conflicts committee composed solely of independent directors.“We continue to execute unit repurchase transactions as part of our unique and differentiated financial strategy, which prioritizes shareholder returns and a strong balance sheet,” said Jonathan Stein, Chief Financial Officer of Hess Midstream. “Since the beginning of 2021 through this current transaction, we will have returned $1.65 billion to shareholders
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HESM
News
- Hess Midstream's (NYSE:HESM) Dividend Will Be Increased To $0.6516 [Yahoo! Finance]Yahoo! Finance
- Hess Midstream LP Reports Estimated Results for the First Quarter of 2024 [Yahoo! Finance]Yahoo! Finance
- Hess Midstream Partners reports mixed Q1 results; reaffirms FY24 outlook [Seeking Alpha]Seeking Alpha
- Hess Midstream LP Reports Estimated Results for the First Quarter of 2024Business Wire
- Hess Midstream LP (NYSE:HESM) Shares Could Be 26% Below Their Intrinsic Value Estimate [Yahoo! Finance]Yahoo! Finance
HESM
Earnings
- 4/25/24 - In-Line
HESM
Sec Filings
- 4/25/24 - Form 8-K
- 3/18/24 - Form 4
- 3/18/24 - Form 4
- HESM's page on the SEC website