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HESM - Why Hess Midstream Stock Is Trading Lower | Benzinga

May, 30 2024 01:54 PM Hess Midstream Partners LP Representing Limited Partner Interests

Hess Midstream LP (NYSE:HESM) shares are trading lower by 3.83% to $34.44 during Thursday’s session after the company announced a 10 million share offering by a selling shareholder.

The public offering aims to generate $343 million in gross proceeds. The underwriter, J.P. Morgan, has a 30-day option to buy up to 1.5 million additional shares. Hess Midstream will not receive any proceeds from this sale.

The offering is set to close ...

Full story available on Benzinga.com

Stock Information

Company Name:	Hess Midstream Partners LP Representing Limited Partner Interests
Stock Symbol:	HESM
Market:	NYSE
Website:	hessmidstream.com

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