Deal facts
- Buyer
- Hess Midstream LP
- Target
- Chevron Midstream Holdings LLC
- Deal value
- USD 200,000,000
- Announced
- 8 October 2026
- Status
- Firm intention
- Sector
- Energy
- Country
- United States
- Consideration
- cash
Sources
Hess Midstream LP has agreed to acquire Chevron Midstream Holdings LLC in a strategic acquisition. The transaction, announced on 8 October 2026, involves a headline offer of 200 million US dollars. The consideration for the deal is structured entirely in cash. Both the buyer and the target are based in the United States and operate within the energy sector. This move represents a significant consolidation of assets within the midstream energy infrastructure market.
The acquisition is currently at the firm intention stage, with no completion date reported. The deal remains subject to standard regulatory approvals and other customary closing conditions. As a strategic acquisition, the transaction reflects a direct purchase of the target entity by the buyer. No further financial details or specific strategic motivations have been disclosed in the available facts. The process is ongoing, and the final outcome will depend on the satisfaction of all pending legal and regulatory requirements.
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1 update- Firm intention
Hess Midstream LP firm intention to acquire Chevron Midstream Holdings LLC
Item 1.01. Entry into a Material Definitive Agreement. Purchase and Sale Agreement On October 6, 2026, Hess Midstream LP, a Delaware limited partnership (the “Company”), and Hess Midstream Operations LP, a Delaware limited partnership and a subsidiary of the Company (“HESM OpCo” and, together with the Company, the “Partnership Parties”), entered into a Purchase and Sale Agreement (the “Purchase Ag
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Buyer history
Hess Midstream LP
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