S&P 500 7,356.16 â–ŧ 9.30 (-0.13%) DOW 51,833.81 ▲ 166.97 (+0.32%) NASDAQ 25,470.02 â–ŧ 117.02 (-0.46%) US Markets Closed â€ĸ 04:10 PM ET

HESM

Hess Midstream LP

Price Chart
Latest Quote

$37.28

-0.72 (-1.88%)
Current Price
Previous Close $38.00
Open $37.52
Day High $37.74
Day Low $37.09
Volume 504,243
Fetched: 2026-06-24T20:10:22
Stock Information
Quarterly Dividend / Yield $3.04 / 7.99%
Shares Outstanding 128.35M
Quarterly Dividend Yield 7.99%
Quarterly Dividend $3.04
Total Debt $3.77B
Cash Equivalents $4.60M
Revenue $1.63B
Net Income $368.90M
Sector Energy
Industry Oil & Gas Midstream
Market Cap $7.70B
P/E Ratio 12.90
EPS (TTM) $2.89
Exchange NYQ
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📊 Comprehensive Analysis
Company Data
Enterprise Value$8.50B
Sales$1.63B
Income$368.90M
Book/sh$4.04
Cash/sh$0.04
Financial Ratios
Quick Ratio0.89
Current Ratio0.92
Debt/Eq1006.40
EPS Growth TTM22.30%
Returns & Margins
ROA14.70%
ROE153.41%
Gross Margin77.25%
Operating Margin61.04%
Profit Margin22.64%
Ownership
Insider Ownership0.86%
Institutional Ownership91.63%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E12.21
P/S4.73
P/B9.24
Analyst Data
Recommendationunderperform
Target Price$36.83
Technical Indicators
SMA20$38.03
SMA50$38.13
SMA200$35.26
RSI39.00
ATR0.7975
Shares Float127.68M
Short Float7.41%
Short Ratio2.68
Volatility0.51
Rel Volume0.36
Performance History
Week+0.31%
Month-8.35%
Quarter-5.23%
6 Months+14.84%
YTD+12.22%
Year+6.46%
3 Years+57.18%
5 Years+100.55%
10 Years+189.70%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-06-24 $37.28 504,243
2026-06-23 $38.00 750,900
2026-06-22 $37.21 879,400
2026-06-18 $36.79 4,581,100
2026-06-17 $36.72 1,259,000
2026-06-16 $37.17 1,267,800
2026-06-15 $37.46 1,278,600
2026-06-12 $38.49 1,302,900
2026-06-11 $38.63 1,052,500
2026-06-10 $38.78 743,500
2026-06-09 $38.58 1,023,200
2026-06-08 $38.94 802,300
2026-06-05 $38.82 587,400
2026-06-04 $38.97 1,596,500
2026-06-03 $38.47 1,779,100
2026-06-02 $38.19 1,706,700
2026-06-01 $37.92 828,900
2026-05-29 $37.50 1,421,600
2026-05-28 $38.34 2,329,300
2026-05-27 $38.37 2,474,200
2026-05-26 $39.56 2,176,000
About Hess Midstream LP

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.

📰 Latest News
Hess Midstream (HESM) Cut to Underweight by Morgan Stanley on Risk-Reward Concerns
Insider Monkey â€ĸ 2026-06-17T19:26:33Z
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Did Morgan Stanley’s Downgrade and Sponsor Concerns Just Shift Hess Midstream’s (HESM) Investment Narrative?
Simply Wall St. â€ĸ 2026-06-11T08:10:26Z
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Morgan Stanley sees selective midstream opportunity, cuts TRP and HESM
Investing.com â€ĸ 2026-06-10T16:01:55Z
Here Are Wednesday’s Top Wall Street Analyst Research Calls: BILL Holdings, Cava Group, Entergy, GlobalFoundries, Hess Midstream, Nike, Pfizer, SharkNinja, STMicroelectronics, and More
24/7 Wall St. â€ĸ 2026-06-10T11:59:02Z
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A $475,000 Portfolio That Quietly Pays $2,800 a Month From Just Two Sectors Most Investors Ignore
24/7 Wall St. â€ĸ 2026-05-20T12:42:25Z
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Hess Midstream Partners (HESM) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks â€ĸ 2026-05-14T18:30:02Z
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Hess Midstream Partners (HESM) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Zacks â€ĸ 2026-05-04T20:30:01Z
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Hess Midstream (HESM) Valuation Check As Lower 2026 Capex And Higher Free Cash Flow Guide Investor Expectations
Simply Wall St. â€ĸ 2026-05-04T20:13:17Z
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Sector Update: Energy Stocks Rise Late Afternoon
MT Newswires â€ĸ 2026-05-04T20:03:41Z
Sector Update: Energy Stocks Higher Monday Afternoon
MT Newswires â€ĸ 2026-05-04T18:05:22Z
Period:
Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $214,100,000 $203,100,000 $192,500,000 $181,300,000
Cost Of Revenue $214,100,000 $203,100,000 $192,500,000 $181,300,000
Total Revenue $1,617,200,000 $1,491,900,000 $1,346,100,000 $1,273,200,000
Operating Revenue $1,617,200,000 $1,491,900,000 $1,346,100,000 $1,273,200,000
Expenses
Interest Expense $225,600,000 $202,200,000 $179,000,000 $149,300,000
Total Expenses $609,100,000 $572,900,000 $529,200,000 $482,000,000
Other Income Expense $15,900,000 $14,000,000 $7,700,000 $5,300,000
Net Non Operating Interest Income Expense $-225,600,000 $-202,200,000 $-179,000,000 $-149,300,000
Interest Expense Non Operating $225,600,000 $202,200,000 $179,000,000 $149,300,000
Operating Expense $395,000,000 $369,800,000 $336,700,000 $300,700,000
Other Operating Expenses $-4,100,000 $-3,600,000 $-2,500,000 $-2,000,000
General And Administrative Expense $28,500,000 $26,100,000 $26,200,000 $23,100,000
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $352,900,000 $223,100,000 $118,600,000 $83,900,000
Net Interest Income $-225,600,000 $-202,200,000 $-179,000,000 $-149,300,000
Normalized Income $339,273,700 $210,486,000 $111,354,300 $78,817,300
Net Income From Continuing And Discontinued Operation $352,900,000 $223,100,000 $118,600,000 $83,900,000
Total Operating Income As Reported $1,008,100,000 $919,000,000 $816,900,000 $791,200,000
Net Income Common Stockholders $352,900,000 $223,100,000 $118,600,000 $83,900,000
Net Income $352,900,000 $223,100,000 $118,600,000 $83,900,000
Net Income Including Noncontrolling Interests $684,600,000 $659,000,000 $607,700,000 $620,600,000
Net Income Continuous Operations $684,600,000 $659,000,000 $607,700,000 $620,600,000
Pretax Income $798,400,000 $730,800,000 $645,600,000 $647,200,000
Operating Income $1,008,100,000 $919,000,000 $816,900,000 $791,200,000
Gross Profit $1,403,100,000 $1,288,800,000 $1,153,600,000 $1,091,900,000
Earnings From Equity Interest - - $7,700,000 $5,300,000
Special Income Charges - - - $0
Per Share
Diluted EPS $2.86 $2.49 $2.08 $2.01
Basic EPS $2.87 $2.51 $2.11 $2.03
Other
Tax Effect Of Unusual Items $2,273,700 $1,386,000 $454,300 $217,300
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $1,222,200,000 $1,122,100,000 $1,009,400,000 $972,500,000
Total Unusual Items $15,900,000 $14,000,000 $7,700,000 $5,300,000
Total Unusual Items Excluding Goodwill $15,900,000 $14,000,000 $7,700,000 $5,300,000
Reconciled Depreciation $214,100,000 $203,100,000 $192,500,000 $181,300,000
EBITDA (Bullshit earnings) $1,238,100,000 $1,136,100,000 $1,017,100,000 $977,800,000
EBIT $1,024,000,000 $933,000,000 $824,600,000 $796,500,000
Diluted Average Shares $123,100,000 $89,000,000 $56,300,000 $41,400,000
Basic Average Shares $123,100,000 $89,000,000 $56,200,000 $41,300,000
Diluted NI Availto Com Stockholders $352,900,000 $223,100,000 $118,600,000 $83,900,000
Minority Interests $-331,700,000 $-435,900,000 $-489,100,000 $-536,700,000
Tax Provision $113,800,000 $71,800,000 $37,900,000 $26,600,000
Gain On Sale Of Security $15,900,000 $14,000,000 $7,700,000 $5,300,000
Selling General And Administration $28,500,000 $26,100,000 $26,200,000 $23,100,000
Other Gand A $28,500,000 $26,100,000 $26,200,000 $23,100,000
Gain On Sale Of Ppe - - - $0
Fetched: 2026-06-22
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $0 $0 $0 $0
Total Assets $4,388,300,000 $4,151,000,000 $3,789,500,000 $3,588,200,000
Total Non Current Assets $4,229,300,000 $4,001,600,000 $3,652,700,000 $3,455,900,000
Other Non Current Assets $4,100,000 $6,400,000 $8,600,000 $11,300,000
Non Current Deferred Assets $773,900,000 $582,600,000 $324,400,000 $177,200,000
Non Current Deferred Taxes Assets $773,900,000 $582,600,000 $324,400,000 $177,200,000
Current Assets $159,000,000 $149,400,000 $136,800,000 $132,300,000
Other Current Assets $6,900,000 $6,200,000 $7,000,000 $6,200,000
Receivables $150,200,000 $138,900,000 $124,400,000 $123,000,000
Accounts Receivable $150,200,000 $138,900,000 $124,400,000 $123,000,000
Cash Cash Equivalents And Short Term Investments $1,900,000 $4,300,000 $5,400,000 $3,100,000
Cash And Cash Equivalents $1,900,000 $4,300,000 $5,400,000 $3,100,000
Non Current Accounts Receivable - $200,000 $300,000 $700,000
Debt
Net Debt $3,770,100,000 $3,467,600,000 $3,206,000,000 $2,882,500,000
Total Debt $3,772,000,000 $3,471,900,000 $3,211,400,000 $2,885,600,000
Long Term Debt And Capital Lease Obligation $3,739,500,000 $3,449,400,000 $3,198,900,000 $2,883,100,000
Long Term Debt $3,739,500,000 $3,449,400,000 $3,198,900,000 $2,883,100,000
Current Debt And Capital Lease Obligation $32,500,000 $22,500,000 $12,500,000 $2,500,000
Current Debt $32,500,000 $22,500,000 $12,500,000 $2,500,000
Liabilities
Total Liabilities Net Minority Interest $3,950,400,000 $3,685,700,000 $3,426,300,000 $3,059,200,000
Total Non Current Liabilities Net Minority Interest $3,762,600,000 $3,466,400,000 $3,216,100,000 $2,899,700,000
Other Non Current Liabilities $22,600,000 $16,500,000 $16,700,000 $16,100,000
Non Current Deferred Liabilities $500,000 $500,000 $500,000 $500,000
Non Current Deferred Taxes Liabilities $500,000 $500,000 $500,000 $500,000
Current Liabilities $187,800,000 $219,300,000 $210,200,000 $159,500,000
Other Current Liabilities $200,000 $200,000 $600,000 $700,000
Payables And Accrued Expenses $155,100,000 $196,600,000 $197,100,000 $156,300,000
Interest Payable $37,800,000 $38,600,000 $35,800,000 $35,400,000
Payables $65,700,000 $102,800,000 $91,200,000 $73,400,000
Total Tax Payable $13,900,000 $13,400,000 $11,500,000 $10,700,000
Accounts Payable $24,900,000 $55,900,000 $38,500,000 $35,000,000
Equity
Common Stock Equity $568,300,000 $530,700,000 $340,200,000 $245,100,000
Total Equity Gross Minority Interest $437,900,000 $465,300,000 $363,200,000 $529,000,000
Stockholders Equity $0 $0 $0 $0
Long Term Equity Investment $81,500,000 $87,000,000 $90,200,000 $93,900,000
Gains Losses Not Affecting Retained Earnings - - - $0
Other
Ordinary Shares Number $129,403,244 $104,086,900 $68,367,647 $44,002,846
Share Issued $129,403,244 $104,086,900 $68,367,647 $44,002,846
Tangible Book Value $568,300,000 $530,700,000 $340,200,000 $245,100,000
Invested Capital $4,340,300,000 $4,002,600,000 $3,551,600,000 $3,130,700,000
Working Capital $-28,800,000 $-69,900,000 $-73,400,000 $-27,200,000
Total Capitalization $4,307,800,000 $3,980,100,000 $3,539,100,000 $3,128,200,000
Minority Interest $-130,400,000 $-65,400,000 $23,000,000 $283,900,000
Total Partnership Capital $568,300,000 $530,700,000 $340,200,000 $245,100,000
Limited Partnership Capital $568,300,000 $530,700,000 $340,200,000 $245,100,000
Current Accrued Expenses $89,400,000 $93,800,000 $105,900,000 $82,900,000
Dueto Related Parties Current $26,900,000 $33,500,000 $41,200,000 $27,700,000
Duefrom Related Parties Non Current $0 $200,000 $300,000 $700,000
Investments And Advances $81,500,000 $87,000,000 $90,200,000 $93,900,000
Net PPE $3,369,800,000 $3,325,400,000 $3,229,200,000 $3,172,800,000
Accumulated Depreciation $-2,004,800,000 $-1,791,800,000 $-1,589,500,000 $-1,397,700,000
Gross PPE $5,374,600,000 $5,117,200,000 $4,818,700,000 $4,570,500,000
Construction In Progress $233,600,000 $250,100,000 $136,300,000 $136,300,000
Other Properties $4,082,400,000 $3,819,000,000 $3,646,300,000 $3,428,500,000
Machinery Furniture Equipment $876,300,000 $865,800,000 $853,800,000 $823,400,000
Buildings And Improvements $182,300,000 $182,300,000 $182,300,000 $182,300,000
Fetched: 2026-06-22
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $728,200,000 $634,200,000 $642,900,000 $622,900,000
Operating Activities
Operating Cash Flow $983,800,000 $940,300,000 $866,400,000 $861,100,000
Cash Flow From Continuing Operating Activities $983,800,000 $940,300,000 $866,400,000 $861,100,000
Operating Gains Losses $-15,900,000 $-14,000,000 $-7,700,000 $-5,300,000
Investing Activities
Capital Expenditure $-255,600,000 $-306,100,000 $-223,500,000 $-238,200,000
Investing Cash Flow $-255,600,000 $-306,100,000 $-223,500,000 $-238,200,000
Cash Flow From Continuing Investing Activities $-255,600,000 $-306,100,000 $-223,500,000 $-238,200,000
Financing Activities
Repurchase Of Capital Stock $-400,000,000 $-300,000,000 $-400,000,000 $-400,000,000
Financing Cash Flow $-730,600,000 $-635,300,000 $-640,600,000 $-622,000,000
Cash Flow From Continuing Financing Activities $-730,600,000 $-635,300,000 $-640,600,000 $-622,000,000
Net Other Financing Charges $-280,900,000 $-362,500,000 $-432,600,000 $-455,000,000
Cash Dividends Paid $-350,200,000 $-235,300,000 $-127,500,000 $-91,000,000
Common Stock Dividend Paid $-350,200,000 $-235,300,000 $-127,500,000 $-91,000,000
Net Common Stock Issuance $-400,000,000 $-300,000,000 $-400,000,000 $-400,000,000
Dividend Received Cfo $21,400,000 $17,200,000 $11,400,000 $13,000,000
Other
Repayment Of Debt $-822,500,000 $-12,500,000 $-2,500,000 $-10,000,000
Issuance Of Debt $800,000,000 $600,000,000 $0 $420,000,000
End Cash Position $1,900,000 $4,300,000 $5,400,000 $3,100,000
Beginning Cash Position $4,300,000 $5,400,000 $3,100,000 $2,200,000
Changes In Cash $-2,400,000 $-1,100,000 $2,300,000 $900,000
Common Stock Payments $-400,000,000 $-300,000,000 $-400,000,000 $-400,000,000
Net Issuance Payments Of Debt $300,500,000 $262,500,000 $319,500,000 $324,000,000
Net Short Term Debt Issuance $323,000,000 $-325,000,000 $322,000,000 $-86,000,000
Net Long Term Debt Issuance $-22,500,000 $587,500,000 $-2,500,000 $410,000,000
Long Term Debt Payments $-822,500,000 $-12,500,000 $-2,500,000 $-10,000,000
Long Term Debt Issuance $800,000,000 $600,000,000 $0 $420,000,000
Net PPE Purchase And Sale $-255,600,000 $-306,100,000 $-223,500,000 $-238,200,000
Purchase Of PPE $-255,600,000 $-306,100,000 $-223,500,000 $-238,200,000
Change In Working Capital $-49,800,000 $-8,000,000 $14,500,000 $14,500,000
Change In Other Current Liabilities $-4,300,000 $-9,500,000 $-1,900,000 $2,200,000
Change In Other Current Assets $-400,000 $900,000 $-200,000 $3,500,000
Change In Payables And Accrued Expense $-34,000,000 $15,000,000 $17,600,000 $11,400,000
Change In Accrued Expense $6,400,000 $3,500,000 $4,000,000 $9,100,000
Change In Payable $-40,400,000 $11,500,000 $13,600,000 $2,300,000
Change In Account Payable $-40,400,000 $11,500,000 $13,600,000 $2,300,000
Change In Receivables $-11,100,000 $-14,400,000 $-1,000,000 $-2,600,000
Changes In Account Receivables $-11,100,000 $-14,400,000 $-1,000,000 $-2,600,000
Other Non Cash Items $14,100,000 $9,600,000 $8,400,000 $8,800,000
Stock Based Compensation $1,600,000 $1,800,000 $1,700,000 $1,600,000
Deferred Tax $113,700,000 $71,600,000 $37,900,000 $26,600,000
Deferred Income Tax $113,700,000 $71,600,000 $37,900,000 $26,600,000
Depreciation Amortization Depletion $214,100,000 $203,100,000 $192,500,000 $181,300,000
Depreciation And Amortization $214,100,000 $203,100,000 $192,500,000 $181,300,000
Depreciation $214,100,000 $203,100,000 $192,500,000 $181,300,000
Earnings Losses From Equity Investments $-15,900,000 $-14,000,000 $-7,700,000 $-5,300,000
Net Income From Continuing Operations $684,600,000 $659,000,000 $607,700,000 $620,600,000
Sale Of PPE - - - $0
Gain Loss On Sale Of PPE - - - $0
Net Business Purchase And Sale - - - -
Purchase Of Business - - - -
Fetched: 2026-06-22