HESM.NYSEHess Midstream Lp

Form 4: BlackRock Portfolio Management LLC Reports Changes in Hess Midstream LP Beneficial Ownership

Sentiment:

SEC Form 4

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BlackRock Portfolio Management LLC reports a transaction involving Hess Midstream LP securities, including the cancellation of Class B Shares and adjustments to beneficial ownership.

Summary

  • On May 9, 2025, BlackRock Portfolio Management LLC reported changes in its beneficial ownership of Hess Midstream LP securities.
  • The changes include the cancellation of 3,112,886 Class B Shares for no consideration, related to Hess Midstream Operations LP's repurchase of Opco Class B Units from GIP II Blue Holding, L.P.
  • Following the reported transactions, BlackRock's indirect beneficial ownership includes 14,573,517 Class B Shares and 449,000 Class A Shares.
  • BlackRock Portfolio Management LLC disclaims beneficial ownership of these securities except to the extent of their pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

This filing reflects standard reporting requirements for significant shareholders following changes in beneficial ownership, a common occurrence in publicly traded partnerships like Hess Midstream LP.

Stakeholder Impact

  • The transaction may have a minor impact on shareholders due to the change in share structure, but the overall impact is likely minimal.

Key Dates

DateDescription
05/09/2025Date of transaction involving cancellation of Class B Shares and repurchase of Opco Class B Units.
05/12/2025Date of signature for the SEC Form 4 filing.

Keywords

Hess Midstream LP, BlackRock, Beneficial Ownership, Class B Shares, Class A Shares, Securities, Transaction, GIP II Blue Holding, Opco Class B Units

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