HESM

Hess Midstream LP

32.58

Nov 02 • 11:04 AM ET -0.13 (-0.40%)

Energy Oil & Gas Midstream USA Mid NYSE

Oct 30, 7:06 AMHess Midstream posts Q3 2026 net income attributable to the partnership of $99.4M and revenue $410.1M (-3% YoY), beating revenue estimates and reiterating 2026 guidance

Peers: WES AM OKE KNTK MPLX DTM TRGP PAA ET EPD

| Held by: AMLP MLPA BKGI MLPX ATMP VDE FCG AMZA MLPI AVLV

Scroll to Statements

Index	-
Market Cap	6.72B
Enterprise Value	10.27B
Income	376.70M
Sales	1.60B
Book/sh	4.01
Cash/sh	0.02
Dividend Est.	3.17 (9.74%)
Dividend TTM	3.09 (9.48%)
Dividend Ex-Date	Nov 05, 2026
Dividend Gr. 3/5Y	9.98% 10.88%
Payout	101.26%
Employees	195
IPO	Apr 05, 2017

P/E	11.14
Forward P/E	11.81
PEG	-
P/S	4.19
P/B	8.13
P/C	1343.46
P/FCF	8.02
EV/EBITDA	8.36
EV/Sales	6.40
Quick Ratio	0.77
Current Ratio	0.77
Debt/Eq	7.15
LT Debt/Eq	7.08
Option/Short	Yes / Yes

EPS (ttm)	2.92
EPS next Y	2.76
EPS next Q	0.91
EPS this Y	8.79%
EPS next Y	-11.36%
EPS next 5Y	-1.80%
EPS past 3/5Y	12.26% 16.67%
Sales past 3/5Y	8.33% 8.23%
EPS Y/Y TTM	7.61%
Sales Y/Y TTM	-0.60%
EPS Q/Q	3.24%
Sales Q/Q	-2.57%
Earnings	Oct 30 BMO
EPS/Sales Surpr.	7.53% 1.34%

Insider Own	0.49%
Insider Trans	0.00%
Inst Own	114.28%
Inst Trans	2.24%
ROA	8.64%
ROE	65.24%
ROIC	9.06%
Gross Margin	64.26%
Oper. Margin	62.70%
Profit Margin	23.49%
SMA20	2.10%
SMA50	-10.46%
SMA200	-14.18%
Trades

Shs Outstand	128.35M
Shs Float	127.72M
Short Float	9.99%
Short Ratio	6.39
Short Interest	12.75M
52W High	41.44 -21.38%
52W Low	29.52 10.37%
Volatility	2.28% 3.34%
ATR (14)	1.00
RSI (14)	44.45
Beta	0.66
Rel Volume	0.99
Avg Volume	2.00M
Volume	553,138

Perf Week	4.49%
Perf Month	-13.70%
Perf Quarter	-19.12%
Perf Half Y	-17.56%
Perf YTD	-5.57%
Perf Year	-4.04%
Perf 3Y	7.81%
Perf 5Y	25.99%
Perf 10Y	-
Recom	3.71
Target Price	33.43
Prev Close	32.71
Price	32.58
Change %	-0.40%

Consensus

Sell

Avg. Price Target

$33.43

Implied Upside

+2.6%

Analysts8incl. previous ratings

Rating Distribution2 Buy · 3 Hold · 3 Sell

Date	Action	Analyst	Rating Change	Price Target Change	Implied Upside
Oct 23, 2026	Upgrade	RRaymond James	Mkt Perform → Outperform	$32	-1.8%
Oct 02, 2026	Downgrade	JJP Morgan	Neutral → Underweight	$39	+19.7%
Jun 10, 2026	Downgrade	MMorgan Stanley	Equal-Weight → Underweight	$38	+16.6%
Apr 20, 2026	Downgrade	GGoldman	Neutral → Sell	$32	-1.8%
Jan 05, 2026	Downgrade	RRaymond James	Outperform → Mkt Perform
Sep 30, 2025	Resumed	GGoldman	Neutral	$36	+10.5%
Sep 19, 2025	Downgrade	WWells Fargo	Overweight → Equal Weight	$39	+19.7%
Sep 10, 2025	Downgrade	UUBS	Buy → Neutral	$43	+32.0%
Jul 25, 2025	Upgrade	WWells Fargo	Equal Weight → Overweight	$47	+44.3%
Jul 25, 2025	Resumed	MMorgan Stanley	Equal-Weight	$48	+47.3%
Mar 08, 2024	Downgrade	JJP Morgan	Overweight → Neutral	$37	+13.6%
Oct 06, 2023	Resumed	GGoldman	Buy	$32	-1.8%
May 10, 2023	Initiated	UUBS	Buy	$37	+13.6%
Apr 21, 2023	Initiated	RRaymond James	Outperform	$35	+7.4%
Dec 09, 2022	Initiated	CCitigroup	Buy	$34	+4.4%
Mar 10, 2022	Downgrade	WWells Fargo	Overweight → Equal Weight	$33	+1.3%
Jan 07, 2022	Downgrade	MMorgan Stanley	Overweight → Equal-Weight	$31 → $32	-1.8%
Oct 01, 2021	Downgrade	UUBS	Buy → Neutral	$29	-11.0%
Sep 28, 2021	Downgrade	CCitigroup	Buy → Neutral	$31	-4.8%
Jul 16, 2021	Resumed	CCredit Suisse	Neutral	$22 → $25	-23.3%

Oct-30-26 07:00AM	Hess Midstream LP Reports Estimated Results for the Third Quarter of 2026 (Business Wire)
Oct-26-26 11:32PM	Hess Midstream's Cash Machine Faces A Chevron Question As Units Slide 22% (Earnings Whispers)
04:15PM	Hess Midstream LP Announces Distribution Per Share Level Increase (Business Wire)
Oct-07-26 04:18PM	Hess Midstream Stock Plunges, but the Chevron Deal Has a Silver Lining (Barrons.com) -14.63%
10:57AM	Hess Midstream shares fall 16% after Chevron agrees to transfer stake and assets (Proactive)
10:34AM	Loading…
10:34AM	Hess Midstream stock drops on Chevron restructuring and lower 2027 outlook (Investing.com)
06:10AM	Chevron to sell Hess Midstream stake and DJ Basin assets (Offshore Technology)
Oct-06-26 05:34PM	Chevron to Shed Hess Midstream Stake in Major Bakken Restructuring (Oilprice.com)
05:20PM	Hess Midstream LP Announces Transformative Transaction Leading to New Independent Multi-basin Midstream Company (Business Wire)
05:15PM	Chevron to Divest its Ownership Interests in Hess Midstream and DJ Basin Crude Midstream Assets (Business Wire)
Aug-03-26 05:01PM	Hess Midstream LP (HESM) (Q2 2026) Earnings Call Highlights: Strong Margins and Strategic ... (GuruFocus.com)
09:37AM	Hess Midstream Beats Second-Quarter Estimates and Reaffirms 2026 Outlook (InvestorsHub)
08:00AM	Hess Midstream LP Reports Estimated Results for the Second Quarter of 2026 (Business Wire)
Jul-31-26 11:49AM	Midstream Operators Boost Payouts Into Q3 2026 (ETF Trends)
Jul-27-26 04:15PM	Hess Midstream LP Announces Distribution Per Share Level Increase (Business Wire)
02:28PM	Loading…
Jul-20-26 02:28PM	AI Energy Infrastructure Stocks Eye Buy Points; One Breaks Out (Investor's Business Daily)
Jun-29-26 10:43AM	Hess Midstreams Jennifer Gordon on What Sets it Apart at EIC (NYSE)
Jun-10-26 12:01PM	Morgan Stanley sees selective midstream opportunity, cuts TRP and HESM (Investing.com)
May-04-26 08:00AM	Hess Midstream LP Reports Estimated Results for the First Quarter of 2026 (Business Wire)
Apr-27-26 04:15PM	Hess Midstream LP Announces Distribution Per Share Level Increase (Business Wire)
Apr-07-26 04:15PM	Hess Midstream LP Schedules Earnings Release Conference Call (Business Wire)
Mar-03-26 08:00AM	Hess Midstream LP Announces Signing of Accretive $60 Million Repurchase From Sponsor and the Public (Business Wire)
Feb-25-26 06:00PM	Hess Midstream LP Announces Filing of 2025 Annual Report on Form 10-K (Business Wire)
Feb-04-26 04:36PM	Is the Options Market Predicting a Spike in Hess Midstream Stock? (Zacks)
Feb-03-26 11:28AM	Here's My Favorite Stock to Buy With a Dividend Yield Over 4% (Motley Fool)
Feb-02-26 04:00PM	Hess Midstream LP (HESM) Q4 2025 Earnings Call Highlights: Strategic Growth Amid Weather Challenges (GuruFocus.com)
12:52PM	Hess Midstream Partners Q4 Earnings Call Highlights (MarketBeat)
08:00AM	Hess Midstream LP Reports Estimated Results for the Fourth Quarter of 2025 (Business Wire)
Feb-01-26 07:47AM	January jobs data, Alphabet and Amazon earnings, more Warsh fallout: What to watch this week (Yahoo Finance)
Jan-29-26 03:50AM	Looking For Lucrative Passive Income Streams? These 3 Dividend Stocks Yield as Much as 9% (And Just Raised Their Payments). (Motley Fool)
04:15PM	Loading…
Jan-26-26 04:15PM	Hess Midstream LP Announces Distribution Per Share Level Increase (Business Wire)
Jan-14-26 04:15PM	Hess Midstream LP Schedules Earnings Release Conference Call (Business Wire)
Jan-12-26 05:25PM	Hess Midstream (HESM) Downgraded at Raymond James in 2026 Midstream Reset (Insider Monkey)
Dec-09-25 07:30AM	Hess Midstream LP Announces 2026 Guidance, Extends Return of Capital Program (Business Wire)
Dec-03-25 12:25PM	Do Options Traders Know Something About Hess Midstream Stock We Don't? (Zacks)
Nov-28-25 09:51AM	Top Holiday Picks: These 2 Dividend Stocks You Don't Want to Miss (GuruFocus.com)
Nov-17-25 09:15AM	One Fed Governor Sees Half-Point Cut in December: Our Top 7% and 8% Dividend Stock Picks (24/7 Wall St.)
Nov-14-25 02:00PM	Hess Midstream Partners (HESM) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates (Zacks)
Nov-13-25 03:49AM	Dividend Growth and Strong EBITDA Keep HESM Attractive Despite Price Target Cut (Insider Monkey)
Nov-03-25 04:02PM	Hess Midstream LP (HESM) Q3 2025 Earnings Call Highlights: Strong Operational Performance ... (GuruFocus.com)
08:00AM	Hess Midstream LP Reports Estimated Results for the Third Quarter of 2025 (Business Wire)
Oct-31-25 09:19AM	What To Expect From Hess Midstream LP (HESM) Q3 2025 Earnings (GuruFocus.com)
Oct-27-25 04:15PM	Hess Midstream LP Announces Distribution Per Share Level Increase (Business Wire)
Oct-22-25 08:01AM	Why CareTrust REIT, Hess Midstream, And Kimberly-Clark Are Winners For Passive Income (Benzinga)
Oct-20-25 04:44PM	Hess Midstream LP Schedules Earnings Release Conference Call (Business Wire)
Oct-02-25 09:49AM	Eagle Global Advisors Makes Hess Midstream LP (HESM) its 4th Largest Holding (Insider Monkey)
Sep-26-25 12:04PM	Hess Midstream (HESM) Falls Following Guidance Update (Insider Monkey)
Sep-24-25 01:06AM	Hess Midstream LP (HESM) Gives Updated Financial and Operational Guidance (Insider Monkey)
Sep-19-25 10:06AM	Hess Midstream Cuts Outlook As Chevron Scales Back Bakken Drilling (Benzinga) -10.44%
09:39AM	Intel downgraded, Tesla upgraded: Wall Street's top analyst calls (The Fly)
Sep-18-25 04:15PM	Hess Midstream LP Announces Updated Guidance (Business Wire)
Aug-31-25 01:50AM	$100 Million Repurchase and Upgraded Guidance Boost Hess Midstream (HESM) Confidence (Insider Monkey)
Aug-13-25 08:01AM	Why Hess Midstream, Duke Energy, And Stanley Black & Decker Are Winners For Passive Income (Benzinga)
Aug-12-25 02:47PM	Enbridge Stock Sees IBD RS Rating Rise To 73 (Investor's Business Daily)
Aug-06-25 07:18AM	Hess Midstream announces $100m repurchase of class B and class A shares (Offshore Technology)
Aug-05-25 08:40AM	Hess Midstream Announces $100MM Share Repurchase (Hart Energy)
08:00AM	Hess Midstream LP Announces Signing of Accretive $100 Million Repurchase From Sponsor and the Public (Business Wire)
Aug-02-25 07:56AM	Hess Midstream LP (HESM) Back Under Morgan Stanley's Radar After Chevron Merger (Insider Monkey)
Jul-30-25 08:00AM	Hess Midstream LP Reports Estimated Results for the Second Quarter of 2025 (Business Wire)
Jul-29-25 09:30AM	What To Expect From Hess Midstream LP (HESM) Q2 2025 Earnings (GuruFocus.com)
Jul-28-25 04:15PM	Hess Midstream LP Announces Distribution Per Share Level Increase (Business Wire)
Jul-21-25 10:07AM	Hess Midstream Board Updated Post Hess-Chevron Merger Close (Hart Energy)
Jul-19-25 10:00PM	How VICI Properties, Open Text, And Hess Midstream Can Put Cash In Your Pocket (Benzinga)
Jul-18-25 09:00AM	Hess Midstream LP Announces Changes to the Board of Directors and Leadership Transition (Business Wire) +6.74%
Jul-15-25 04:15PM	Hess Midstream LP Schedules Earnings Release Conference Call (Business Wire)
Jul-11-25 09:13AM	Hess Midstream Sees Ownership Shift While Maintaining Strong Dividend Appeal (Insider Monkey)
Jul-10-25 04:15PM	Hess Midstream LP Publishes Sustainability Report (Business Wire)
Jun-12-25 08:01AM	Why Hess Midstream, CMS Energy, And Comcast Are Winners For Passive Income (Benzinga)
Jun-02-25 08:00AM	Hess Midstream LP Announces Updated Governance (Business Wire)
May-28-25 09:51PM	Hess Midstream LP Announces Pricing of Secondary Public Offering of Class A Shares (Business Wire)
04:10PM	Hess Midstream LP Announces Secondary Public Offering of Class A Shares (Business Wire)
May-20-25 05:26AM	Continental Resources files lawsuit against Hess over alleged $69m fraud (Offshore Technology)
May-19-25 07:20PM	US oil producer Continental Resources claims Hess defrauded it out of $69 million (Reuters)
May-14-25 10:00PM	Looking For Yields: Hess Midstream, Southern, And VICI Properties Are Consistent Moneymakers (Benzinga)
May-12-25 06:20AM	Is First Trust Natural Gas ETF (FCG) a Strong ETF Right Now? (Zacks)
May-07-25 04:15PM	Hess Midstream LP to Participate in May and June Conferences (Business Wire)
11:30AM	7%+ Yields With Stress-Free Dividend Growth For An Early Retirement (Seeking Alpha)
08:00AM	Examining 2024 Midstream/MLP Dividend Coverage (Seeking Alpha)
May-06-25 08:00AM	Hess Midstream LP Announces Signing of Accretive $200 Million Repurchase From Sponsors and the Public (Business Wire)
May-04-25 11:46PM	Hess Midstream: Insider Selling Onslaught Continues (Seeking Alpha)
May-03-25 01:26AM	Dividend Champion, Contender, And Challenger Highlights: Week Of May 4 (Seeking Alpha)
May-01-25 03:16AM	Hess Midstream LP (HESM) Q1 2025 Earnings Call Highlights: Navigating Challenges with Strategic ... (GuruFocus.com)
Apr-30-25 01:57PM	Hess Midstream LP (HESM) Q1 2025 Earnings Conference Call Transcript (Seeking Alpha)
08:00AM	Hess Midstream LP Reports Estimated Results for the First Quarter of 2025 (Business Wire)
Apr-29-25 04:25PM	Hess Midstream LP raises quarterly distribution 5% to 70.98c per share (TipRanks)
Apr-28-25 04:15PM	Hess Midstream LP Announces Distribution Per Share Level Increase (Business Wire)
11:25AM	Miller-Howard MLP & Midstream Energy Income Q1 2025 Commentary (Seeking Alpha)
Apr-27-25 07:30AM	Forget Gold, Buy Dividends - 3 Great Places To Buy Income (Seeking Alpha)
Apr-23-25 08:00AM	U.S. LNG Dealmaking Picks Up With Benefits For Midstream (Seeking Alpha)
Apr-16-25 04:15PM	Hess Midstream LP Schedules Earnings Release Conference Call (Business Wire)
08:00AM	Midstream/MLPs 2024 Leverage Ratios On Target (Seeking Alpha)
03:05AM	Hess Midstream: Near Its Ceiling, But Solid Floor (Seeking Alpha)
Apr-15-25 12:15PM	April's 5 Dividend Growth Stocks With Yields Up To 11.99% (Seeking Alpha)
Apr-09-25 03:29PM	Enterprise Products Partners: Good Growth Portfolio, But Not A Compelling Value (Seeking Alpha)
Apr-08-25 09:36AM	Are Options Traders Betting on a Big Move in Hess Midstream Partners (HESM) Stock? (Zacks)
Apr-07-25 03:22AM	Energy Transfer: The Future Is Natural Gas, Not Oil (Seeking Alpha)
Mar-28-25 10:00PM	Why CareTrust, Genuine Parts, And Hess Midstream Are Winners For Passive Income (Benzinga)
07:30AM	If I Retired Today, These 3 Income Stocks Would Be My Paycheck (Seeking Alpha)
Mar-27-25 07:30AM	Moneyball For Investors: How To Build A Grand Slam Dividend Portfolio (SeekingAlpha)
Mar-21-25 06:20AM	Should You Invest in the First Trust Natural Gas ETF (FCG)? (Zacks)

Show Previous News

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Stein Jonathan C.	Chief Executive Officer	Mar 08 '26	Option Exercise	0.00	2,066	0	62,011	Mar 10 06:54 PM
REDDY J PATRICK	Director	Mar 08 '26	Option Exercise	0.00	1,612	0	24,437	Mar 10 06:10 PM
Letwin Stephen J J	Director	Mar 08 '26	Option Exercise	0.00	1,612	0	32,423	Mar 10 06:09 PM
Bast Michael Scott	President and COO	Mar 08 '26	Option Exercise	0.00	3,445	0	3,593	Mar 10 06:00 PM
NIEMIEC DAVID W	Director	Mar 08 '26	Option Exercise	0.00	1,612	0	50,527	Mar 10 05:57 PM
Gatling John A.	Former Officer	Nov 07 '25	Proposed Sale	33.49	8,087	270,822		Nov 07 03:45 PM

Hess Midstream LP engages in the ownership, development, and acquisition of midstream assets to provide services to third-party crude oil and natural gas producers. It operates through the following segments: Gathering, Processing and Storage, and Terminaling and Export. The Gathering segment consists of natural gas gathering and compression, crude oil gathering, and produced water gathering and disposal. The Processing and Storage segment includes the Tioga gas plant, equity investment in the Little Missouri (LM4) joint venture, and mentor storage terminal. The Terminaling and Export segment focuses on the Ramberg terminal facility, Tioga rail terminal, crude oil rail cars, and Johnson's corner header system. The company was founded in 2014 and is headquartered in Houston, TX.

Chief Executive Officer of Hess Midstream GP LLCMr. Jonathan C. Stein

President & Chief Operating Officer of Hess Midstream GP LLCMr. Michael S. Bast

Chief Financial Officer of Hess Midstream GP LLCMr. Michael James Chadwick

General Counsel & Secretary of Hess Midstream GP LLCMs. Gabriela Betsabe Boersner Noguera

Vice President of Investor Relations of Hess Midstream GP LLCJennifer Gordon

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HESM

Hess Midstream LP

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