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Hess Midstream LP (HESM)

39.91 +0.06 (+0.15%)
At close: September 4 at 4:00:03 PM EDT
40.42 +0.51 (+1.28%)
After hours: 8:00:00 PM EDT
Trade HESM on Coinbase
Chart Range Bar
Loading chart for HESM
  • Previous Close 39.85
  • Open 39.80
  • Bid 39.50 x 30000
  • Ask 40.35 x 20000
  • Day's Range 39.39 - 40.04
  • 52 Week Range 31.63 - 41.44
  • Volume 1,407,283
  • Avg. Volume 1,134,448
  • Market Cap (intraday) 8.229B
  • Beta (5Y Monthly) 0.50
  • PE Ratio (TTM) 13.76
  • EPS (TTM) 2.90
  • Earnings Date Nov 2, 2026
  • Forward Dividend & Yield 3.09 (7.75%)
  • Ex-Dividend Date Aug 6, 2026
  • 1y Target Est 37.50

Hess Midstream LP acquires, owns, operates, and develops midstream assets and provide fee-based services to sponsor, its subsidiaries, and third-party customers in the United States. It operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and compression systems; crude oil gathering systems; and produced water gathering and disposal facilities. Its gathering system consists of approximately 1,430 miles of high- and low-pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 685 million cubic feet per day; crude oil gathering system comprises approximately 615 miles of crude oil gathering pipelines; and produces water gathering system that includes approximately 360 miles of pipelines in gathering systems. The Processing and Storage segment comprises Tioga Gas Plant, a natural gas processing and fractionation plant located in Tioga, North Dakota; Mentor Storage Terminal, a propane storage cavern and rail, and truck loading and unloading facility located in Mentor, Minnesota; and Terminaling and Export segment that owns Ramberg terminal facility, the Tioga rail terminal, crude oil rail cars, and other Dakota access pipeline connections, as well as Johnson's Corner Header System, a crude oil pipeline header system; and other DAPL connections. Hess Midstream LP was formerly known as Hess Midstream Partners LP and changed its name to Hess Midstream LP in December 2019. Hess Midstream LP was founded in 2014 and is based in Houston, Texas.

www.hessmidstream.com

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Full Time Employees

December 31

Fiscal Year Ends

Energy

Sector

Recent News

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Performance Overview

Trailing total returns as of 9/4/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

HESM
23.06%
S&P 500 (^GSPC)
12.75%

1-Year Return

HESM
5.20%
S&P 500 (^GSPC)
18.71%

3-Year Return

HESM
70.68%
S&P 500 (^GSPC)
70.93%

5-Year Return

HESM
121.01%
S&P 500 (^GSPC)
70.18%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q2 FY26
Revenue 397.7M
Earnings 96.4M
Profit Margin 24.24%

Q3

FY25

Q4

FY25

Q1

FY26

Q2

FY26

0
100M
200M
300M
400M
23.0%
23.5%
24.0%

Analyst Insights

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Analyst Price Targets

33.00 Low
37.50 Average
39.91 Current
40.00

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 6/10/2026
Analyst Morgan Stanley
Rating Action Downgrade
Rating Underweight
Price Action Maintains
Price Target 38 -> 38

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (5yr expected)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    23.23%

  • Return on Assets (ttm)

    14.43%

  • Return on Equity (ttm)

    150.71%

  • Revenue (ttm)

    1.61B

  • Net Income Avi to Common (ttm)

    375M

  • Diluted EPS (ttm)

    2.90

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    5M

  • Total Debt/Equity (mrq)

    948.45%

  • Levered Free Cash Flow (ttm)

    499.41M

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