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Stock offerings

Hess Midstream LP Announces Public Offering of 15 Million Class A Shares

Strategic Insights

— 2 min read

Hess Midstream LP (NYSE: HESM) has commenced an underwritten public offering of 15,022,517 Class A shares representing limited partner interests in HESM. The offering is led by J.P. Morgan and Citigroup as joint bookrunning managers, with the securities being offered and sold pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (SEC).

This offering allows an affiliate of Global Infrastructure Partners, a part of BlackRock, to sell its shares without HESM receiving any proceeds from the sale. The offering is being made only by means of the prospectus supplement and accompanying base prospectus, which can be obtained free of charge on the SEC's website or by contacting J.P. Morgan and Citigroup.

Key Takeaways:

  • Hess Midstream LP has announced a public offering of 15,022,517 Class A shares, representing limited partner interests in the company.
  • The offering is led by J.P. Morgan and Citigroup as joint bookrunning managers.
  • The affiliate of Global Infrastructure Partners, a part of BlackRock, will sell the shares without Hess Midstream LP receiving any proceeds from the sale.
  • The offering is made only by means of the prospectus supplement and accompanying base prospectus, filed with the SEC.
  • Hess Midstream LP is a fee-based, growth-oriented midstream company that owns, operates, develops, and acquires a diverse set of midstream assets in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota.
  • The company's assets provide services to Hess Corporation and third-party customers.
  • This press release contains forward-looking statements, which are subject to certain known and unknown risks and uncertainties that could cause actual results to differ materially from historical experience and current projections or expectations.

Statistics:

  • 15 million Class A shares are being offered and sold in this public offering.
  • The offering is led by two joint bookrunning managers: J.P. Morgan and Citigroup.
  • The affiliate of Global Infrastructure Partners, a part of BlackRock, is the Selling Shareholder.
  • HESM owns a diverse set of midstream assets, including oil, gas, and produced water handling assets.
  • The company's midstream assets are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota.

Sources:

  • Businesswire.com: "Hess Midstream LP Announces Public Offering of 15 Million Class A Shares" [https://www.businesswire.com/news/home/20250528740438/en/](https://www.businesswire.com/news/home/20250528740438/en/)
  • Hess Midstream LP: "About Hess Midstream LP" [https://www.hessmidstream.com/about](https://www.hessmidstream.com/about)

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