🔴 Hess Midstream Partners is trading 15.55% down after Chevron deal's expected near-40% share reduction

Hess Midstream Partners is trading 15.55% lower at $32.67 after its October 6 Chevron transaction announcement, which is expected to reduce outstanding shares nearly 40% after closing. - Chevron will transfer its Hess Midstream interests for cancellation; Hess will pay $200 million for DJ Basin assets, reduce Bakken tariffs and extend contracts through 2045. - Preliminary 2027 Adjusted EBITDA outlook is approximately $850 million to $950 million; 2027 Bakken throughput is expected to decline about 5%. - Broader markets were also lower on October 7 ahead of the Fed minutes.