Form 4: Hess Midstream LP: Significant Changes in Beneficial Ownership Reported by Hess Infrastructure Partners GP LLC

Hess Infrastructure Partners GP LLC reports changes in beneficial ownership of Hess Midstream LP's Class A and Class B shares due to cancellation and transfer of shares.

Summary

• Hess Infrastructure Partners GP LLC, along with Hess Midstream GP LLC and Hess Midstream GP LP, filed a Form 4 detailing changes in beneficial ownership of Hess Midstream LP [HESM] shares.
• On June 26, 2024, 2,724,052 Class B Shares were cancelled for no consideration following Hess Midstream Operations LP's repurchase of Opco Class B Units from Hess Investments North Dakota LLC (HINDL) and GIP II Blue Holding, L.P.
• Additionally, 675,110 Class B Shares were transferred from Hess Midstream GP LP to HINDL for no consideration.
• Following these transactions, Hess Midstream GP LP beneficially owns 92,706,038 Class B Shares and 898,000 Class A Shares.
• Hess Infrastructure Partners GP LLC is the sole member of Hess Midstream GP LLC, which is the general partner of Hess Midstream GP LP; therefore, all three entities may be deemed to beneficially own the reported securities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing changes in share ownership. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Key Dates