Hess Midstream Partners ( (HESM) ) has shared an announcement.
On May 5, 2025, Hess Midstream LP announced a $200 million repurchase agreement, including $190 million of Class B units from its sponsors and $10 million of Class A shares from the public. The repurchase, approved by the board and conflicts committee, aims to enhance shareholder returns and maintain financial flexibility. The transaction is expected to close on May 9, 2025, with funding from the company’s existing revolving credit facility.
Spark’s Take on HESM Stock
According to Spark, TipRanks’ AI Analyst, HESM is a Outperform.
Hess Midstream Partners scores well due to its strong financial performance, particularly in profitability and cash flow management, despite high leverage. The technical analysis suggests potential short-term downside, but the valuation remains attractive with a high dividend yield. The positive guidance and robust financial performance in the earnings call further enhance the stock’s prospects.
To see Spark’s full report on HESM stock, click here.
More about Hess Midstream Partners
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.
Average Trading Volume: 1,272,551
Technical Sentiment Signal: Buy
Current Market Cap: $8.49B
See more data about HESM stock on TipRanks’ Stock Analysis page.