CIBC Bancorp USA Inc. Invests $58.48 Million in Hess Midstream Partners LP

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CIBC Bancorp USA Inc. acquired a new position in Hess Midstream Partners LP (NYSE:HESM) during the 3rd quarter, according to a recent SEC filing. The firm purchased 1,692,612 shares of the company's stock, valued at approximately $58,480,000, giving it an 0.82% ownership stake in Hess Midstream Partners.

Why it matters

This investment by CIBC Bancorp USA Inc. in Hess Midstream Partners, a major midstream energy company, signals confidence in the firm's operations and growth prospects within the Bakken Shale region. The deal also highlights the continued interest from institutional investors in the midstream energy sector.

The details

According to the filing, CIBC Bancorp USA Inc. acquired the 1,692,612 shares of Hess Midstream Partners in the 3rd quarter of 2025. This represents a significant stake in the company, which has a market capitalization of over $8 billion. Hess Midstream Partners owns and operates crude oil, natural gas, and produced water infrastructure assets that support upstream production in the Williston Basin, primarily serving producers in North Dakota and Montana.

• CIBC Bancorp USA Inc. acquired the Hess Midstream Partners shares in the 3rd quarter of 2025.