Hess Midstream Partners ( (HESM) ) has shared an announcement.
Hess Midstream LP executed a strategic repurchase of approximately $100 million in Class B units, enhancing shareholder value through immediate accretion and increased distributable cash flow. The subsidiary, Hess Midstream Operations LP, funded this transaction through existing credit facilities, with the repurchased units cancelled to provide capacity for future distribution growth. With a focus on financial flexibility and a robust return of capital framework, Hess Midstream underscores its commitment to delivering significant returns while maintaining a strong balance sheet.
For a thorough assessment of HESM stock, go to TipRanks’ Stock Analysis page.
