Hess Midstream LP Announces Signing of Accretive $60 Million Repurchase From Sponsor and the Public
View original at finance.yahoo.comHess Midstream LP Announces Signing of Accretive $60 Million Repurchase From Sponsor and the Public HOUSTON, March 03, 2026--(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 Operatio…
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Following these repurchase transactions, we continue to expect to have approximately $1 billion of financial flexibility through 2028 for incremental shareholder returns and debt repayment, including the potential for further unit and share repurchases over this period
80% confidenceWe continue to execute repurchase transactions as part of our ongoing financial strategy
80% confidenceThe repurchased securities will be cancelled following settlement of each repurchase transaction, which is expected to result in increased distributable cash flow per Class A share providing capacity for incremental distribution growth above Hess Midstream's annual distribution target of at least 5% through 2028
80% confidence
