Company Overview
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.
Why Investors Should Care
Return on capital employed stands at 24.0%.
Net profit has compounded at 30.8% per year over the last five years.
Revenue has grown at a 13.7% CAGR over the past five years.
Trades at a P/E of 14.1, below the sector median of 15.8.
Maintains a net profit margin of 23.2%.
Offers a dividend yield of 7.70%.
Recent Developments
- Dec 2025 Revenue of $1.62B (+8.4% YoY); net profit $352.90M.
- Trailing 12 Months Year-on-year growth — revenue -3.7%, earnings +1.4%.
- 5-Year Trend Long-term compounding — revenue CAGR 13.7%, profit CAGR 30.8%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 13.72% |
| 1 Year: | -3.70% |
Compounded Profit Growth
| 5 Years: | 30.80% |
| 1 Year: | 1.40% |
Stock Price Performance
| 1 Year: | +5.79% |
| 6 Months: | +9.61% |
| 3 Months: | +7.32% |
| 1 Month: | +2.94% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)62.08 · Neutral
P/E of 14.13 is below the sector median of 15.76 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Healthy ROCE of 24.0%.
- Excellent profit margin of 23.2%.
- Compounding revenue at 13.7% over 5 years.
- Profit CAGR of 30.8% over 5 years.
- Attractive dividend yield of 7.70%.
- Generates positive free cash flow.
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Energy).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | HESM Hess Midstream LP | 40.97 | 14.13 | $5.26B | 7.70% | 24.00% | - | 13.72% | 30.80% |
| 2 | XOM ExxonMobil Holdings Corporation SPXR3K | 160.66 | 20.68 | $660.62B | 2.52% | 9.01% | 12.58% | 0.48% | -1.99% |
| 3 | CVX Chevron Corporation SPXR3K | 209.80 | 20.19 | $411.54B | 3.39% | - | 12.23% | -1.00% | -2.30% |
| 4 | TTE TotalEnergies SE | 90.10 | 11.28 | $199.03B | 4.63% | 10.04% | 14.48% | -11.53% | -13.84% |
| 5 | COP ConocoPhillips SPXR3K | 135.04 | 17.86 | $162.23B | 2.49% | 10.31% | 14.18% | -9.11% | -24.66% |
| 6 | MPC Marathon Petroleum Corporation SPXR3K | 397.77 | 13.80 | $116.12B | 0.95% | 12.90% | 42.10% | 6.91% | 14.73% |
| 7 | BP BP p.l.c. | 44.88 | 21.47 | $115.58B | 4.49% | 7.99% | 8.87% | -7.78% | - |
| 8 | ENB Enbridge Inc. | 50.48 | 26.99 | $110.25B | 5.55% | 5.84% | 9.22% | 6.94% | 35.62% |
| 9 | VLO Valero Energy Corporation SPXR3K | 369.75 | 15.43 | $106.46B | 1.16% | 9.83% | 27.64% | 6.23% | -4.61% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 166.50M | 176.50M | 183.80M | 185.90M | 189.60M | 190.30M | 214.90M | 253.50M | 290.80M | 269.80M | 264.80M | 288.80M | 294.80M | 303.90M | 312.40M | 313.40M | 334.80M | 305.00M | 324.00M | 363.10M | 355.60M | 365.50M | 378.50M | 382.00M | 414.20M | 420.90M | 390.10M | 399.00M |
| Operating Income | 90.80M | 96.30M | 99.00M | 92.10M | 95.80M | 91.20M | 99.30M | 90.30M | 152.80M | 131.80M | 137.20M | 182.50M | 185.60M | 159.20M | 195.50M | 195.30M | 204.00M | 188.70M | 198.10M | 220.00M | 222.00M | 222.30M | 231.70M | 237.40M | 260.20M | 258.90M | 238.10M | 253.20M |
| Net Income | 17.00M | 17.80M | 18.80M | 17.20M | 18.10M | 16.80M | 19.10M | 16.10M | 6.50M | 5.30M | 5.60M | 8.60M | 11.00M | 9.90M | 16.90M | 22.00M | 23.20M | 20.70M | 25.10M | 35.30M | 44.60M | 49.50M | 58.60M | 71.60M | 90.30M | 97.70M | 87.60M | 96.40M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 579.50M | 712.70M | 848.30M | 1.09B | 1.20B | 1.28B | 1.35B | 1.50B | 1.62B |
| Operating Income | 263.10M | 378.20M | 376.60M | 576.50M | 727.20M | 791.20M | 816.90M | 919.00M | 1.01B |
| Net Income | 41.20M | 70.80M | 70.10M | 24.00M | 46.40M | 83.90M | 118.60M | 223.10M | 352.90M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | 2.99B | 3.28B | 3.37B | 3.49B | 3.59B | 3.79B | 4.15B | 4.39B |
| Cash & Equivalents | 109.30M | 3.30M | 2.60M | 2.20M | 3.10M | 5.40M | 4.30M | 1.90M |
| Long Term Debt | 969.80M | 1.75B | 1.90B | 2.54B | 2.88B | 3.20B | 3.45B | 3.74B |
| Total Liabilities | 1.12B | 1.95B | 2.05B | 2.73B | 3.06B | 3.43B | 3.69B | 3.95B |
| Current Liabilities | 138.10M | 176.10M | 125.00M | 170.90M | 159.50M | 210.20M | 219.30M | 187.80M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 336.50M | 466.90M | 470.70M | 641.70M | 795.50M | 861.10M | 866.40M | 940.30M | 983.80M |
| Investing Cash Flow | -131.40M | -307.60M | -497.50M | -301.00M | -163.20M | -238.20M | -223.50M | -306.10M | -255.60M |
| Financing Cash Flow | 148.90M | -405.70M | -79.20M | -341.40M | -632.70M | -622.00M | -640.60M | -635.30M | -730.60M |
| Capital Expenditure | -144.20M | -241.90M | -306.40M | -301.10M | -163.20M | -238.20M | -223.50M | -306.10M | -255.60M |
| Free Cash Flow | 192.30M | 225.00M | 164.30M | 340.60M | 632.30M | 622.90M | 642.90M | 634.20M | 728.20M |
| Share Buybacks | - | - | - | - | 750.00M | 400.00M | 400.00M | 300.00M | 400.00M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 45.4% | 53.1% | 44.4% | 52.8% | 60.4% | 62.0% | 60.6% | 61.5% | 62.2% |
| Net Margin % | 7.1% | 9.9% | 8.3% | 2.2% | 3.9% | 6.6% | 8.8% | 14.9% | 21.8% |
| ROE % | - | - | - | - | - | - | - | - | - |
| ROCE % | - | 13.3% | 12.1% | 17.7% | 21.9% | 23.1% | 22.8% | 23.4% | 24.0% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Alps Advisors Inc. | 22.79% | 29.25M | $1.17B |
| 2 | Goldman Sachs Group Inc | 6.54% | 8.39M | $336.92M |
| 3 | Invesco Ltd. | 5.87% | 7.54M | $302.64M |
| 4 | Mirae Asset Global ETFs Holdings Ltd. | 5.50% | 7.06M | $283.36M |
| 5 | Blackstone Inc | 4.51% | 5.79M | $232.37M |
| 6 | Bank Of New York Mellon Corporation | 3.68% | 4.72M | $189.60M |
| 7 | Tortoise Capital Advisors, LLC | 3.30% | 4.24M | $170.13M |
| 8 | Neuberger Berman Group, LLC | 2.08% | 2.67M | $107.29M |
| 9 | TD Asset Management, Inc | 1.55% | 1.98M | $79.69M |
| 10 | UBS Group AG | 1.54% | 1.97M | $79.29M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for HESM
Hess Midstream (HESM) Beat Expectations, Is The Stock Fully Priced? - finance.yahoo.com
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Got $10,000 to Invest in This High-Yield, Midstream Stock? Here's What It Could Be Worth in 10 Years. - The Motley Fool
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“I Think You Have a Winner” Cramer Excited About Hess Midstream’s 7% Dividend Yield - 24/7 Wall St.
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Hess Midstream: It Passed The Test The Bears Said It Would Fail (NYSE:HESM) - Seeking Alpha
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Hess Midstream (HESM) Stock Faces Growth Questions Despite Strong Cash Margins - simplywall.st
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Hess Midstream (HESM) Stock Looks Like A Bargain On Earnings Yet Mixed On Value - finance.yahoo.com
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HESM — Frequently Asked Questions
What is the current share price of Hess Midstream LP (HESM)?
As of 2026-09-19 21:16 PDT, Hess Midstream LP (HESM) trades at $40.97 on NYSE. Its 52-week range is $29.17 to $40.97.
What is the market capitalisation of HESM?
Hess Midstream LP (HESM) has a market capitalisation of $5.26B on NYSE.
What is the P/E ratio of HESM?
HESM trades at a trailing price-to-earnings (P/E) ratio of 14.13. The industry average P/E is 15.76. Its price-to-book (P/B) ratio is 10.02.
Does HESM pay a dividend?
Hess Midstream LP (HESM) currently offers a dividend yield of 7.70%.
Is HESM a good stock to buy?
This page provides a data-driven analysis of Hess Midstream LP (HESM), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.