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 securities, including cancellation and transfer of Class B 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 securities.
• The transactions occurred on March 14, 2024.
• The changes include the cancellation of 2,816,901 Class B Shares for no consideration, related to Hess Midstream Operations LP's repurchase of Opco Class B Units.
• Additionally, 698,121 Class B Shares were transferred from Hess Midstream GP LP to Hess Investments North Dakota LLC (HINDL) for no consideration.
• Following these transactions, Hess Midstream GP LP beneficially owns 119,105,200 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, each entity may be deemed to beneficially own the securities held by Hess Midstream GP LP.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and major shareholders, providing transparency to the market.

Stakeholder Impact

• Shareholders are informed about changes in ownership structure.
• The transactions may indirectly affect the value of Hess Midstream LP's securities.

Key Dates