Hess Midstream LP Announces $200 Million Share Repurchase Plan

Hess Midstream LP, a prominent energy company specializing in the processing, storage, terminaling, and gathering of natural gas, has recently announced a significant move to enhance shareholder value. On May 6, 2025, the company disclosed a $200 million share repurchase plan, which includes both Class B units and Class A shares. This strategic decision is aimed at boosting shareholder value and reflects the company’s strong financial position.

The repurchase plan involves the acquisition of approximately $190 million worth of Class B units by Hess Midstream Operations LP, a subsidiary of Hess Midstream. These units are being bought from affiliates of Hess Corporation and Global Infrastructure Partners, part of BlackRock, who are the company’s sponsors. Additionally, the plan includes the repurchase of Class A shares from the public market.

This move is part of Hess Midstream’s broader strategy to return value to its shareholders. The company, listed on the New York Stock Exchange, has a market capitalization of $8.37 billion and a price-to-earnings ratio of 14.42. As of May 5, 2025, the close price of Hess Midstream’s stock was $37.24, with a 52-week high of $44.05 and a low of $33.59.

The repurchase plan is expected to be accretive, meaning it should positively impact the company’s earnings per share by reducing the number of outstanding shares. This decision underscores Hess Midstream’s commitment to maintaining a strong financial foundation and supporting its growth trajectory.

Hess Midstream LP serves customers across North America and continues to focus on its core operations in the energy sector. For more information, the company can be found online at www.hessmidstream.com .

This announcement is part of a series of news reports from various sources, including Business Wire and ETF Trends, highlighting the company’s strategic initiatives and financial health. As the energy sector continues to evolve, Hess Midstream’s proactive measures aim to ensure sustained growth and shareholder satisfaction.