Hess Midstream down as BlackRock's GIP to slice stake

Hess Midstream LP

10/02/2025 21:54

** Shares of Hess Midstream  HESM.N  down 2.1% at $39.98 in
extended trading on news of secondary offering
** Houston-based subsidiary of Hess Corp  HES.N  commences 10
mln share offering by affiliate of Global Infrastructure
Partners (GIP)
** Offering to cut BlackRock-owned GIP's stake from 14.3% to
9.6%, or ~20.8 mln shares, per the SEC filing
    ** Goldman Sachs sole bookrunner
    ** HESM shares on Mon finished up 0.9% at $40.85. Stock up
10% YTD and up about 27% over the past 12 months

(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@tr.com 1-646-279-6380))