Hess Midstream LP HESM

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32.70 USD +0.26 (+0.80%)

At closeNov 3, 2026, 4:55 PM EST

32.80 +0.10 +0.31%

After hours · Nov 3, 4:55 PM ET

32.27 Day range 33.27
29.52 52-week range 41.44
YTD
-5.22%
1 year
-5.13%
Market cap
6.74B
Revenue (ttm)
1.61B
Profit margin
23.23%
EPS (ttm)
2.92
Shares out
128.35M
P/E ratio
11.20
Forward P/E
11.80
Dividend
3.19 (9.85%)
Ex-dividend date
Nov 4, 2026
YTD return
-5.22%
1-year return
-5.13%
Volume
2.22M
Avg volume
2.02M
Open
32.30
Previous close
32.44
Day's range
32.27 – 33.27
52-week range
29.52 – 41.44
Beta
0.65
Analysts
Underperform
Price target
33.43 (+2.2%)
Earnings date
Feb 1, 2027

2Y -1.84 (-5.33%)

303540Jan 25Jun 25Nov 25Mar 26Aug 2632.70

Key statistics

Enterprise value
7.71B
PEG ratio
0.00
Price / sales
4.18
Price / book
8.16
Dividend yield
9.85%
Payout ratio
104.66%
Revenue growth
-3.70%
Free cash flow
499.41M
Total cash
5.00M
Total debt
3.68B
Return on equity
150.71%
Short % of float
13.09%
50-day average
36.38
200-day average
37.96

Financials — quick view

All financials
HESM Revenue — quarterly 399.00M
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026
HESM Net income — quarterly 96.40M
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026
HESM EPS — quarterly 0.75
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026

Earnings

HESM recent earnings
Report dateQuarter endingEPS estimateEPS reportedSurpriseSurprise %
Feb 1, 2027Dec 30, 20260.906———
Oct 30, 2026Sep 30, 20260.7160.77+0.05+7.54%
Aug 3, 2026Jun 30, 20260.6720.75+0.08+11.61%
May 4, 2026Mar 31, 20260.650.68+0.03+4.62%
Feb 2, 2026Dec 31, 20250.7230.720.00-0.41%
Nov 3, 2025Sep 30, 20250.7310.75+0.02+2.60%

Upgrades / downgrades

HESM analyst upgrades and downgrades
DateFirmActionFromTo
Oct 23, 2026Raymond JamesupMarket PerformOutperform
Oct 13, 2026CitigroupmainNeutralNeutral
Oct 13, 2026UBSmainNeutralNeutral
Oct 13, 2026Morgan StanleymainUnderweightUnderweight
Oct 2, 2026JP MorgandownNeutralUnderweight
Jun 10, 2026Morgan StanleydownEqual-WeightUnderweight

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.

Sector
Energy
Industry
Oil & Gas Midstream
Country
United States

News

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Insider holders

HESM insider holders
InsiderRelationLatest transactionDateShares held
BAST MICHAELPresidentConversion of Exercise of derivative securityMar 5, 20263,352
BLACKROCK PORTFOLIO MANAGEMENT LLCBeneficial Owner of more than 10% of a Class of SecuritySaleMay 29, 20250
GATLING JOHN APresidentConversion of Exercise of derivative securitySep 25, 202513,904
LETWIN STEPHEN J JDirectorConversion of Exercise of derivative securityMar 5, 202632,423
NIEMIEC DAVID WDirectorConversion of Exercise of derivative securityMar 5, 202650,527
REDDY JOHN PATRICKDirectorConversion of Exercise of derivative securityMar 5, 202624,437

Institution ownership

HESM institution ownership
Holder% heldSharesValueReported
Alps Advisors Inc.22.79%29,254,074956.61MJun 29, 2026
Goldman Sachs Group Inc6.54%8,389,537274.34MJun 29, 2026
Invesco Ltd.5.87%7,535,978246.43MJun 29, 2026
Mirae Asset Global ETFs Holdings Ltd.5.50%7,055,800230.72MJun 29, 2026
Blackstone Inc4.51%5,786,130189.21MJun 29, 2026
Bank Of New York Mellon Corporation3.68%4,720,992154.38MJun 29, 2026

Fund ownership

HESM fund ownership
Holder% heldSharesValueReported
ALPS ETF TRUST-ALERIAN MLP ETF23.11%29,658,269969.83MAug 30, 2026
GLOBAL X FUNDS-Global X MLP ETF4.25%5,449,040178.18MSep 29, 2026
BNY Mellon ETF Trust-BNY Mellon Global Infrastructure Income ETF3.01%3,860,293126.23MSep 29, 2026
GOLDMAN SACHS TRUST-Goldman Sachs MLP Energy Infrastructure Fund2.79%3,582,817117.16MAug 30, 2026
AIM Investment Fd.s -Invesco SteelPath MLP Income Fd.2.69%3,450,000112.82MAug 30, 2026
AIM Investment Fd.s -Invesco SteelPath MLP Select 40 Fd.1.40%1,794,35558.68MAug 30, 2026