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Hess Midstream LP (NYSE:HESM) is included among the 15 Extreme Dividend Stocks to Buy According to Hedge Funds.
On October 28, Hess Midstream LP (NYSE:HESM) announced a 2.4% increase in its quarterly dividend to $0.7548 per share, marking the company’s 32nd consecutive quarter of dividend growth. The dividend will be paid on November 14 to shareholders of record as of November 6, with an ex-dividend date of November 6.
For Q3 2025, Hess Midstream LP (NYSE:HESM) reported net income of $176 million, slightly down from $180 million in Q2. Adjusted EBITDA rose to $321 million from $316 million in the prior quarter. The gross adjusted EBITDA margin remained strong at roughly 80%, well above the 75% target, reflecting solid operating leverage.
The third-quarter distribution included the targeted 5% annual growth per Class A share, along with an additional boost following the $100 million share repurchase.
On October 24, Raymond James analyst J.R. Weston lowered Hess Midstream LP (NYSE:HESM)’s price target to $35 from $48 while maintaining an Outperform rating, reflecting adjustments across the midstream suppliers group ahead of Q3 earnings, according to a report by The Fly.
Hess Midstream LP (NYSE:HESM) provides midstream services, including gathering, processing, storing, and transporting crude oil, natural gas, and natural gas liquids.
While we acknowledge the potential of HESM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Best Dividend Growth Stocks to Buy Now and 15 Overlooked Dividend Stocks to Buy Right Now
Disclosure: None.
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