HESM — Hess Midstream LP

NYSE · Energy · Oil, Gas & Consumable Fuels · CIK 1789832 ·
Last close
$40.64
Market Cap
$5.22B
52W High
$41.28
52W Low
$35.86
ADV30
956,921
Next earnings
2026-08-03
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.

Quarterly Fundamentals

Revenues vs Net Income (last 4 Q)

Assets vs Liabilities (last 4 Q)

PeriodRevenuesGrossProfit OpIncomeNetIncomeAssets CashLiabilities
Mar 2026
Dec 2025 403,100,000 348,900,000 251,600,000 93,300,000 4,388,300,000 1,900,000 3,950,400,000
Sep 2025 419,600,000 363,000,000 258,900,000 97,700,000 4,437,700,000 5,500,000 4,011,200,000
Jun 2025 413,500,000 361,700,000 260,200,000 90,300,000 4,423,100,000 4,500,000 3,915,500,000

Cashflow TTM (yfinance, fills SEC gap)

Operating CF
$983,800,000
Investing CF
$-255,600,000
Financing CF
$-730,600,000
CapEx
$-255,600,000
Dividends Paid
$-350,200,000
Buybacks
$-400,000,000
EPS Diluted TTM
$2.89
As of
2026-05-10

Balance + Analyst (yfinance extras)

Retained Earnings
Inventory
Receivables
$150,200,000
ST Investments
EBIT TTM
$783,200,000
Pretax Income TTM
$614,000,000
Interest Exp TTM
$169,200,000
Analysts
6

Yahoo Snapshot (yfinance, live)

Total Revenue
$1,629,400,064
EBITDA
$1,229,900,032
Free Cash Flow
$453,924,992
Enterprise Value
$8,819,844,096
Total Cash
$4,600,000
Total Debt
$3,772,000,000
Shares Out
128,350,881
Trailing EPS
$2.89
Book Value
$4.04
ROE
153.4%
ROA
14.7%
Div Yield
7.44%

Annual Trend (SEC EDGAR, last 4y)

Revenues vs Net Income (last 4y)

FY endRevenuesOpIncome NetIncomeAssetsLiabilities EquityOCF
Dec 2025 1,617,200,000 1,008,100,000 352,900,000 4,388,300,000 3,950,400,000 983,800,000
Dec 2024 1,491,900,000 919,000,000 223,100,000 4,151,000,000 3,685,700,000 940,300,000
Dec 2023 1,346,100,000 816,900,000 118,600,000 3,789,500,000 3,426,300,000 866,400,000
Dec 2022 1,273,200,000 791,200,000 83,900,000 3,588,200,000 3,059,200,000 861,100,000

TTM Snapshot

Revenues TTM
NetIncome TTM
OpCashFlow TTM
Assets (Latest)
Forward EPS
$3.02

Max Pain — expiry 2026-08-21

max pain strike: $37.00 · spot: $40.64 · call oi: 6,056 · put oi: 2,827
Expected Move to 2026-08-21: ±$2.67 (6.58%) — implied range $37.97$43.31 · ATM straddle on $41.00 strike

Peers — same industry

TickerNameMarket CapLastDaily %
OII OCEANEERING INTERNATIONAL INC $5.25B $52.73
IEP ICAHN ENTERPRISES L.P. $5.17B $7.69
VVV VALVOLINE INC $4.97B $38.96
VAL Valaris Ltd $5.51B $79.53
MUR MURPHY OIL CORP $5.58B $38.95

News headlines (Yahoo Finance, 1h cache)

AI Energy Infrastructure Hoists Pipeline Stocks Near Buy Points
2026-07-20 20:23 · Yahoo
Hess Midstream LP Schedules Earnings Release Conference Call
2026-07-13 20:15 · Yahoo
Chevron vs. Exxon Mobil: Which Energy Stock Is a Better Buy in 2026?
2026-07-04 23:21 · Yahoo
Hess Midstream’s Jennifer Gordon on What Sets it Apart at EIC
2026-06-29 14:43 · Yahoo
Hess Midstream (HESM) Cut to Underweight by Morgan Stanley on Risk-Reward Concerns
2026-06-17 19:26 · Yahoo
Did Morgan Stanley’s Downgrade and Sponsor Concerns Just Shift Hess Midstream’s (HESM) Investment Narrative?
2026-06-11 08:10 · Yahoo
Morgan Stanley sees selective midstream opportunity, cuts TRP and HESM
2026-06-10 16:01 · Yahoo
Here Are Wednesday’s Top Wall Street Analyst Research Calls: BILL Holdings, Cava Group, Entergy, GlobalFoundries, Hess Midstream, Nike, Pfizer, SharkNinja, STMicroelectronics, and More
2026-06-10 11:59 · Yahoo
A $475,000 Portfolio That Quietly Pays $2,800 a Month From Just Two Sectors Most Investors Ignore
2026-05-20 12:42 · Yahoo
Hess Midstream Partners (HESM) Reports Q1 Earnings: What Key Metrics Have to Say
2026-05-14 18:30 · Yahoo

Recent Insider Activity

No insider activity indexed for this ticker.