Hess Midstream LP (NYSE:HESM) announces a share repurchase program. Under the program, the company will repurchase up to 2,816,901 Class B units for approximately $100 million. The company will repurchase 1,757,511 Class B units from GIP II Blue Holding, L.P., and 1,059,390 Class B units from Hess Investments North Dakota LLC.

All the repurchased shares will be cancelled. The program will be funded through borrowings under its existing revolving credit facility. The program will expire on March 14, 2024.