[SCHEDULE 13D/A] Hess Midstream LP Class A Share representing a limited partner Interest SEC Filing
Hess Investments North Dakota LLC, Hess Corporation and Chevron Corporation report they collectively beneficially own 78,732,296 Class A-equivalent interests in Hess Midstream LP, representing 37.8% of the 129,947,965 Class A Shares outstanding. The filing amends prior Schedule 13D disclosures to reflect a recently completed repurchase by HESM Opco under the previously disclosed August 2025 Repurchase Agreement.
Under that transaction, HESM Opco purchased 695,894 Opco Class B Units from Hess Investments for approximately $30 million ($43.11 per unit). The repurchased Opco units were cancelled and the issuer cancelled an equal number of Class B Shares held by Hess Investments for no consideration. Hess Investments remains the record holder of 449,000 Class A Shares and 78,283,296 Opco Class B Units that are redeemable one-for-one for Class A Shares at the holder’s option.
Hess Investments North Dakota LLC, Hess Corporation e Chevron Corporation riportano di detenere congiuntamente la titolarità effettiva di 78,732,296 interessi equivalenti alle Azioni di Classe A in Hess Midstream LP, pari al 37.8% delle 129,947,965 Azioni di Classe A in circolazione. La comunicazione modifica le precedenti divulgazioni ai sensi del Schedule 13D per riflettere un riacquisto recentemente completato da HESM Opco ai sensi del precedentemente comunicato Accordo di Riacquisto di agosto 2025.
In tale operazione HESM Opco ha acquistato 695,894 Unità Opco di Classe B da Hess Investments per circa $30 million ($43.11 per unit). Le unità Opco riacquistate sono state cancellate e l'emittente ha annullato, senza corrispettivo, un numero pari di Azioni di Classe B detenute da Hess Investments. Hess Investments rimane il titolare registrato di 449,000 Azioni di Classe A e di 78,283,296 Unità Opco di Classe B che sono riscattabili uno a uno in Azioni di Classe A a scelta del detentore.
Hess Investments North Dakota LLC, Hess Corporation y Chevron Corporation informan que colectivamente ostentan la titularidad beneficiaria de 78,732,296 intereses equivalentes a Acciones Clase A en Hess Midstream LP, lo que representa el 37.8% de las 129,947,965 Acciones Clase A en circulación. La presentación enmienda divulgaciones previas del Schedule 13D para reflejar una recompra recientemente completada por HESM Opco en virtud del Acuerdo de Recompra de agosto de 2025 previamente divulgado.
En esa transacción, HESM Opco adquirió 695,894 unidades Opco Clase B de Hess Investments por aproximadamente $30 million ($43.11 por unidad). Las unidades Opco recompradas fueron canceladas y el emisor anuló un número igual de Acciones Clase B en poder de Hess Investments sin contraprestación. Hess Investments sigue siendo el titular registrado de 449,000 Acciones Clase A y de 78,283,296 unidades Opco Clase B que son canjeables una por una por Acciones Clase A a opción del titular.
Hess Investments North Dakota LLC, Hess Corporation 및 Chevron Corporation은 공동으로 Hess Midstream LP의 78,732,296개의 Class A 상당 지분을 실질적으로 보유하고 있으며, 이는 발행된 129,947,965개의 Class A 주식 중 37.8%에 해당한다고 보고했습니다. 본 제출서는 이전의 Schedule 13D 공시를 수정한 것으로, 사전에 공개된 2025년 8월 재매입 계약에 따라 HESM Opco가 최근 완료한 재매입을 반영합니다.
해당 거래에서 HESM Opco는 Hess Investments로부터 약 $30 million ($43.11 per unit)에 695,894개의 Opco Class B 유닛을 매입했습니다. 재매입된 Opco 유닛은 취소되었고, 발행사는 Hess Investments가 보유한 동수의 Class B 주식을 대가 없이 취소했습니다. Hess Investments는 여전히 449,000개의 Class A 주식과 보유자가 원할 경우 1대1로 Class A 주식으로 교환 가능한 78,283,296개의 Opco Class B 유닛의 등기 보유자입니다.
Hess Investments North Dakota LLC, Hess Corporation et Chevron Corporation déclarent détenir collectivement la propriété bénéficiaire de 78,732,296 intérêts équivalents aux actions de Classe A dans Hess Midstream LP, représentant 37.8% des 129,947,965 actions de Classe A en circulation. Le dépôt modifie les divulgations antérieures au Schedule 13D afin de refléter un rachat récemment réalisé par HESM Opco en vertu de l'accord de rachat d'août 2025 précédemment divulgué.
Dans le cadre de cette opération, HESM Opco a acheté 695,894 unités Opco de Classe B à Hess Investments pour environ $30 million ($43.11 par unité). Les unités Opco rachetées ont été annulées et l'émetteur a annulé, sans contrepartie, un nombre égal d'actions de Classe B détenues par Hess Investments. Hess Investments reste le détenteur inscrit de 449,000 actions de Classe A et de 78,283,296 unités Opco de Classe B qui sont rachetables une pour une contre des actions de Classe A à la convenance du titulaire.
Hess Investments North Dakota LLC, Hess Corporation und Chevron Corporation geben an, gemeinsam wirtschaftlich berechtigt zu sein an 78,732,296 Class A-äquivalenten Anteilen an Hess Midstream LP, was 37.8% der 129,947,965 ausstehenden Class A-Aktien entspricht. Die Einreichung ändert frühere Schedule 13D-Angaben, um einen kürzlich von HESM Opco abgeschlossenen Rückkauf gemäß dem zuvor offengelegten Rückkaufvertrag von August 2025 widerzuspiegeln.
Im Rahmen dieser Transaktion erwarb HESM Opco 695,894 Opco Class B-Einheiten von Hess Investments für etwa $30 million ($43.11 pro Einheit). Die zurückgekauften Opco-Einheiten wurden annulliert und der Emittent hat ohne Gegenleistung eine gleiche Anzahl von Class B-Aktien, die von Hess Investments gehalten wurden, gestrichen. Hess Investments bleibt eingetragener Inhaber von 449,000 Class A-Aktien und von 78,283,296 Opco Class B-Einheiten, die vom Inhaber auf Wunsch eins zu eins in Class A-Aktien einlösbar sind.
- Clear disclosure of aggregate beneficial ownership: reporting persons beneficially own 78,732,296 interests (37.8%) of Class A-equivalents.
- Completed Opco repurchase disclosed: HESM Opco purchased 695,894 Opco Class B Units for approximately $30 million ($43.11/unit), with cancellation executed.
- Transparency on unit convertibility: Hess Investments holds 78,283,296 Opco Class B Units redeemable one-for-one for Class A Shares, clarifying potential future dilution.
- None.
Insights
TL;DR: Reporting parties disclose a large, concentrated 37.8% stake and a small repurchase/cancellation of Opco units.
The amendment clarifies ownership and corporate actions affecting voteable and economic interests. A combined beneficial position equal to 37.8% of Class A Shares is material from a governance perspective because it signals concentrated influence over limited partner decisions. The repurchase and cancellation of 695,894 Opco Class B Units (and matching cancellation of Class B Shares) slightly reduces the pool of convertible units but does not materially change the reported aggregate ownership percentage. Disclosure is routine and increases transparency about the chain of ownership through Hess Investments, Hess Corporation and Chevron Corporation.
TL;DR: The filing records a modest $30M Opco unit repurchase and confirms significant Class A economic exposure via redeemable B units.
The repurchase for approximately $30 million ($43.11 per unit) reduced Opco Class B Units by 695,894 and resulted in corresponding cancellation of Class B Shares held by Hess Investments. Hess Investments still holds 78,283,296 Opco Class B Units redeemable one-for-one for Class A Shares, plus 449,000 Class A Shares, yielding the reported 78,732,296 Class A-equivalent beneficial interests. The transaction appears tidily executed under the disclosed agreement and the schedule amendment provides investors clear numeric reconciliation of outstanding Class A equivalents.
Hess Investments North Dakota LLC, Hess Corporation e Chevron Corporation riportano di detenere congiuntamente la titolarità effettiva di 78,732,296 interessi equivalenti alle Azioni di Classe A in Hess Midstream LP, pari al 37.8% delle 129,947,965 Azioni di Classe A in circolazione. La comunicazione modifica le precedenti divulgazioni ai sensi del Schedule 13D per riflettere un riacquisto recentemente completato da HESM Opco ai sensi del precedentemente comunicato Accordo di Riacquisto di agosto 2025.
In tale operazione HESM Opco ha acquistato 695,894 Unità Opco di Classe B da Hess Investments per circa $30 million ($43.11 per unit). Le unità Opco riacquistate sono state cancellate e l'emittente ha annullato, senza corrispettivo, un numero pari di Azioni di Classe B detenute da Hess Investments. Hess Investments rimane il titolare registrato di 449,000 Azioni di Classe A e di 78,283,296 Unità Opco di Classe B che sono riscattabili uno a uno in Azioni di Classe A a scelta del detentore.
Hess Investments North Dakota LLC, Hess Corporation y Chevron Corporation informan que colectivamente ostentan la titularidad beneficiaria de 78,732,296 intereses equivalentes a Acciones Clase A en Hess Midstream LP, lo que representa el 37.8% de las 129,947,965 Acciones Clase A en circulación. La presentación enmienda divulgaciones previas del Schedule 13D para reflejar una recompra recientemente completada por HESM Opco en virtud del Acuerdo de Recompra de agosto de 2025 previamente divulgado.
En esa transacción, HESM Opco adquirió 695,894 unidades Opco Clase B de Hess Investments por aproximadamente $30 million ($43.11 por unidad). Las unidades Opco recompradas fueron canceladas y el emisor anuló un número igual de Acciones Clase B en poder de Hess Investments sin contraprestación. Hess Investments sigue siendo el titular registrado de 449,000 Acciones Clase A y de 78,283,296 unidades Opco Clase B que son canjeables una por una por Acciones Clase A a opción del titular.
Hess Investments North Dakota LLC, Hess Corporation 및 Chevron Corporation은 공동으로 Hess Midstream LP의 78,732,296개의 Class A 상당 지분을 실질적으로 보유하고 있으며, 이는 발행된 129,947,965개의 Class A 주식 중 37.8%에 해당한다고 보고했습니다. 본 제출서는 이전의 Schedule 13D 공시를 수정한 것으로, 사전에 공개된 2025년 8월 재매입 계약에 따라 HESM Opco가 최근 완료한 재매입을 반영합니다.
해당 거래에서 HESM Opco는 Hess Investments로부터 약 $30 million ($43.11 per unit)에 695,894개의 Opco Class B 유닛을 매입했습니다. 재매입된 Opco 유닛은 취소되었고, 발행사는 Hess Investments가 보유한 동수의 Class B 주식을 대가 없이 취소했습니다. Hess Investments는 여전히 449,000개의 Class A 주식과 보유자가 원할 경우 1대1로 Class A 주식으로 교환 가능한 78,283,296개의 Opco Class B 유닛의 등기 보유자입니다.
Hess Investments North Dakota LLC, Hess Corporation et Chevron Corporation déclarent détenir collectivement la propriété bénéficiaire de 78,732,296 intérêts équivalents aux actions de Classe A dans Hess Midstream LP, représentant 37.8% des 129,947,965 actions de Classe A en circulation. Le dépôt modifie les divulgations antérieures au Schedule 13D afin de refléter un rachat récemment réalisé par HESM Opco en vertu de l'accord de rachat d'août 2025 précédemment divulgué.
Dans le cadre de cette opération, HESM Opco a acheté 695,894 unités Opco de Classe B à Hess Investments pour environ $30 million ($43.11 par unité). Les unités Opco rachetées ont été annulées et l'émetteur a annulé, sans contrepartie, un nombre égal d'actions de Classe B détenues par Hess Investments. Hess Investments reste le détenteur inscrit de 449,000 actions de Classe A et de 78,283,296 unités Opco de Classe B qui sont rachetables une pour une contre des actions de Classe A à la convenance du titulaire.
Hess Investments North Dakota LLC, Hess Corporation und Chevron Corporation geben an, gemeinsam wirtschaftlich berechtigt zu sein an 78,732,296 Class A-äquivalenten Anteilen an Hess Midstream LP, was 37.8% der 129,947,965 ausstehenden Class A-Aktien entspricht. Die Einreichung ändert frühere Schedule 13D-Angaben, um einen kürzlich von HESM Opco abgeschlossenen Rückkauf gemäß dem zuvor offengelegten Rückkaufvertrag von August 2025 widerzuspiegeln.
Im Rahmen dieser Transaktion erwarb HESM Opco 695,894 Opco Class B-Einheiten von Hess Investments für etwa $30 million ($43.11 pro Einheit). Die zurückgekauften Opco-Einheiten wurden annulliert und der Emittent hat ohne Gegenleistung eine gleiche Anzahl von Class B-Aktien, die von Hess Investments gehalten wurden, gestrichen. Hess Investments bleibt eingetragener Inhaber von 449,000 Class A-Aktien und von 78,283,296 Opco Class B-Einheiten, die vom Inhaber auf Wunsch eins zu eins in Class A-Aktien einlösbar sind.
FAQ
What stake do Hess and Chevron report in HESM (HESM)?
What was repurchased under the August 2025 Repurchase Agreement?
Did the issuer cancel any Class B Shares as part of the transaction?
How many Class A Shares does Hess Investments directly hold?
Does this amendment report any other transactions since the prior amendment?
