Hess Midstream LP Announces Secondary Public Offering

Hess Midstream LP (NYSE: HESM) has announced a secondary public offering of 10,000,000 Class A shares representing limited partner interests by an affiliate of Global Infrastructure Partners. The selling shareholder also intends to grant the underwriters a 30-day option to purchase up to 1,500,000 additional Class A shares. It's important to note that Hess Midstream LP will not receive any proceeds from the sale of Class A shares in the offering.

The Class A shares are being offered and sold pursuant to an effective shelf registration statement that was previously filed with the SEC. The offering is being made only by means of a prospectus and related prospectus supplement meeting the requirements of section 10 of the Securities Act of 1933, as amended.

Hess Midstream LP is a fee-based, growth-oriented midstream company that owns, operates, develops, and acquires a diverse set of midstream assets to provide services to Hess Corporation and third-party customers. The company owns oil, gas, and produced water handling assets primarily located in the Bakken and Three Forks shale plays in the Williston Basin area of North Dakota.

It's worth noting that this press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The market has reacted to these announcements by moving the company's shares 1.3% to a price of $34.75. For more information, read the company's full 8-K submission here.

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