Hess Midstream LP Completes Asset Acquisition
Ticker: HESM · Form: 8-K · Filed: Sep 11, 2024 · CIK: 1789832
Sentiment: neutral
Topics: acquisition, material-agreement, financials
TL;DR
Hess Midstream LP just closed a big asset deal, filing material agreements and financials.
AI Summary
Hess Midstream LP announced on September 9, 2024, that it has entered into a material definitive agreement and completed the acquisition of assets. The company also issued a Regulation FD disclosure and filed financial statements and exhibits related to these events.
Why It Matters
This filing indicates significant corporate activity for Hess Midstream LP, potentially impacting its operational scale and financial structure.
Risk Assessment
Risk Level: medium — The filing involves material definitive agreements and asset completion, which can carry inherent risks related to integration and financial performance.
Key Players & Entities
- Hess Midstream LP (company) — Registrant
- September 9, 2024 (date) — Date of earliest event reported
FAQ
What specific assets were acquired by Hess Midstream LP?
The filing does not specify the exact assets acquired, only that a completion of acquisition or disposition of assets occurred.
What is the nature of the material definitive agreement entered into by Hess Midstream LP?
The filing indicates the entry into a material definitive agreement but does not provide details on its specific terms or counterparty.
What financial statements are included with this 8-K filing?
The filing states that financial statements and exhibits are included, but the specific statements are not detailed in the provided text.
What is the significance of the Regulation FD Disclosure mentioned?
The Regulation FD Disclosure indicates that the company is providing information to the public in accordance with fair disclosure rules, likely related to the material events reported.
What is Hess Midstream LP's primary business sector?
Hess Midstream LP operates in the Crude Petroleum & Natural Gas sector, with SIC code 1311.
Filing Stats: 1,267 words · 5 min read · ~4 pages · Grade level 12.5 · Accepted 2024-09-11 16:15:30
Key Financial Figures
- $100 million — gregate purchase price of approximately $100 million (the "Repurchase Transaction"). The Rep
- $35 — The purchase price per Class B Unit was $35.42, the closing price of the Class A sh
Filing Documents
- d889402d8k.htm (8-K) — 36KB
- d889402dex101.htm (EX-10.1) — 106KB
- d889402dex991.htm (EX-99.1) — 15KB
- g889402g0911192612872.jpg (GRAPHIC) — 3KB
- 0001193125-24-217253.txt ( ) — 309KB
- hesm-20240909.xsd (EX-101.SCH) — 3KB
- hesm-20240909_lab.xml (EX-101.LAB) — 17KB
- hesm-20240909_pre.xml (EX-101.PRE) — 11KB
- d889402d8k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HESS MIDSTREAM LP By: Hess Midstream GP LP, its general partner By: Hess Midstream GP LLC, its general partner Date: September 11, 2024 By: /s/ Jonathan C. Stein Name: Jonathan C. Stein Title: Chief Financial Officer