Hess Midstream LP reports recurring developments for a fee-based midstream partnership that owns, operates, develops and acquires oil, gas and produced water handling assets. The company provides services to Chevron, its subsidiaries and third-party customers, with assets primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota.
News for HESM commonly covers operating and financial results, throughput trends, capital expenditure guidance, quarterly cash distributions, share and unit repurchases, return-of-capital plans and annual report filings. Company updates also address gathering, compression, processing, terminaling, export and produced water services tied to its midstream asset base.
Hess Midstream LP (NYSE: HESM) announced the pricing for a secondary public offering of 10 million Class A shares by Global Infrastructure Partners, yielding gross proceeds of $343 million. The underwriter has an option to purchase up to 1.5 million additional shares. HESM will not receive proceeds from this sale. The offering will close on May 31, 2024, pending customary conditions, with J.P. Morgan as the bookrunning manager. Shares will be sold through various market transactions. The offering is underpinned by a prospectus and base prospectus filed with the SEC.
Hess Midstream LP (NYSE: HESM) has announced the launch of an underwritten public offering of 10,000,000 Class A shares by an affiliate of Global Infrastructure Partners. The underwriters, led by J.P. Morgan, have a 30-day option to purchase an additional 1,500,000 shares. HESM will not receive any proceeds from this sale. The shares will be offered on the NYSE, in over-the-counter markets, or through negotiated transactions. The offering is made through a prospectus and accompanying base prospectus filed with the SEC. This announcement does not constitute an offer or solicitation to buy the securities.
Hess Midstream Operations LP, a subsidiary of Hess Midstream LP, has priced $600 million senior unsecured notes due 2029 in a private offering, an increase from the initially announced $500 million. The proceeds will be used to reduce debt and for general corporate purposes. The offering is expected to close on May 16, 2024.
Hess Midstream Operations LP, a subsidiary of Hess Midstream LP, announced a private offering of $500 million senior unsecured notes due 2029. The proceeds will be used to reduce outstanding debt and for general corporate purposes.
Hess Midstream LP (NYSE: HESM) will attend investor conferences with key executives in May 2024 and has shared a presentation on their website.
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