Hess Midstream slips as BlackRock's GIP to sell shares

ReutersMay 28, 2025 8:32 PM

Shares of Hess Midstream HESM.N down 2.5% post-market at $37.25 after secondary offering announced

Houston-based subsidiary of Hess Corp HES.N says affiliate of Global Infrastructure Partners (GIP), a part of BlackRock BLK.N, to offload ~15 mln shares

JP Morgan and Citigroup jt bookrunners for offering

Oil & gas infrastructure services firm Hess Midstream has ~228.1 mln shares outstanding for ~$8.7 bln market cap, per LSEG data

HESM shares on Weds closed down 0.9% at $38.19, up 3% YTD. Stock hit intraday record high of $44.05 in mid-Mar

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