Hess Midstream LP (HESM)
| Market Cap | 7.93B -11.8% |
| Revenue (ttm) | 1.63B +7.1% |
| Net Income | 368.90M +47.5% |
| EPS | 2.88 +13.1% |
| Shares Out | 207.69M |
| PE Ratio | 13.25 |
| Forward PE | 13.64 |
| Dividend | $3.12 (8.17%) |
| Ex-Dividend Date | May 7, 2026 |
| Volume | 2,342,325 |
| Open | 38.59 |
| Previous Close | 38.61 |
| Day's Range | 37.95 - 38.84 |
| 52-Week Range | 31.63 - 44.14 |
| Beta | 0.52 |
| Analysts | Hold |
| Price Target | 41.00 (+7.41%) |
| Earnings Date | May 4, 2026 |
About HESM
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 ga... [Read more]
Financial Performance
In 2025, Hess Midstream LP's revenue was $1.62 billion, an increase of 8.41% compared to the previous year's $1.50 billion. Earnings were $352.90 million, an increase of 58.18%.
Financial StatementsAnalyst Summary
According to 8 analysts, the average rating for HESM stock is "Hold." The 12-month stock price target is $41.0, which is an increase of 7.41% from the latest price.
News
Hess Midstream LP Earnings Call Transcript: Q1 2026
Q1 2026 saw strong operational execution despite weather impacts, with net income of $158M and adjusted EBITDA of $300M. CapEx guidance was reduced, free cash flow guidance raised, and shareholder returns increased, supported by stable contracts and Chevron's efficiencies.
Hess Midstream LP reports esimated Q1 EPS 68c, consensus 65c
Reports Q1 revenue $390.1M, consensus $389.51M. “In the first quarter, we continued to execute on our operational priorities and delivered on our financial strategy,” said Jonathan Stein, Chief Execut...
Hess Midstream LP increases quarterly distribution to 77.92c per share
On April 27, 2026, the Board of Directors of Hess Midstream’s General Partner declared a quarterly cash distribution of $0.7792 per Class A share for the first quarter of 2026,
Hess Midstream LP sees FY26 capex $105M
Hess Midstream now expects total capital expenditures of approximately $105 million in 2026. Hess Midstream no longer expects to pay income tax in 2026 and does not expect to pay
Hess Midstream LP Reports Estimated Results for the First Quarter of 2026
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream” or the “Company”) today reported first quarter 2026 net income of $157.7 million compared with net income of $161.4...
Hess Midstream LP raises quarterly dividend to 77.9c per share from 76.4c
The quarterly distribution will be payable on May 14, 2026, to Class A shareholders of record as of the close of business on May 7, 2026.
Hess Midstream LP Announces Distribution Per Share Level Increase
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP ANNOUNCES DISTRIBUTION PER SHARE LEVEL INCREASE.
Hess Midstream LP downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst John Mackay downgraded Hess Midstream LP (HESM) to Sell from Neutral with a $32 price target implying 7% downside. The firm sees a more challenging risk/reward at
Hess Midstream LP Schedules Earnings Release Conference Call
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP Schedules Earnings Release Conference Call.
Hess Midstream LP price target raised to $42 from $38 at Morgan Stanley
Morgan Stanley analyst Robert Kad raised the firm’s price target on Hess Midstream LP (HESM) to $42 from $38 and keeps an Equal Weight rating on the shares. In the
Hess Midstream LP announces accretive $60M repurchase
Hess Midstream LP (HESM) announced an accretive $60M repurchase that included both Class B units of its subsidiary, Hess Midstream Operations, from an affiliate of Chevron (CVX), Hess Midstream’s spon...
Hess Midstream LP Announces Signing of Accretive $60 Million Repurchase From Sponsor and the Public
HOUSTON--(BUSINESS WIRE)--HESS MIDSTREAM LP ANNOUNCES SIGNING OF ACCRETIVE $60 MILLION REPURCHASE FROM SPONSOR AND THE PUBLIC.
Hess Midstream LP Announces Filing of 2025 Annual Report on Form 10-K
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP Announces Filing of 2025 Annual Report on Form 10-K.
Hess Midstream LP files to sell Class A shares representing limited partners
Also files to sell preferred shares representing limited partner interests. No amount given.
Hess Midstream LP Earnings Call Transcript: Q4 2025
Strong 2025 results with 9% Adjusted EBITDA growth and robust free cash flow. Capital spending to drop sharply, supporting 5% annual distribution growth and debt reduction. 2026 guidance is stable, with weather-related volume impacts mitigated by 95% MVC protection.
Hess Midstream LP backs FY26 adjusted EBITDA view $1.23B-$1.28B
Backs FY26 free cash flow view $850M-$900M. Backs FY26 gross adjusted EBITDA margin view 75%. Backs FY26 capital expenditures view $150M. The company said, “Hess Midstream is reaffirming its full
Hess Midstream LP reports Q4 EPS 72c, consensus 66c
Reports Q4 revenue $404.2M, consensus $416.44M. “In 2025, we successfully completed our planned multiyear infrastructure project buildout,” said Jonathan Stein, CEO of Hess Midstream. “We remain focus...
Hess Midstream LP Reports Estimated Results for the Fourth Quarter of 2025
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream” or the “Company”) today reported fourth quarter 2025 net income of $168.0 million compared with net income of $172....
Hess Midstream LP raise quarterly distribution to 76.41c per share
Hess Midstream announced that the Board of Directors of its general partner declared a quarterly cash distribution of 76.41c per Class A share for the quarter ended December 31, 2025,
Hess Midstream LP downgraded to Market Perform from Outperform at Raymond James
Raymond James downgraded Hess Midstream LP (HESM) to Market Perform from Outperform without a price target The firm adjusted ratings in the midstream supplier group heading into 2026. Midstream enters
Hess Midstream LP provides long-term financial guidance
The company said, “Supported by a combination of growth in physical volumes across gas systems, higher average tariff rates and lower capital spending from 2026 through 2028, Hess Midstream expects
Hess Midstream LP sees FY26 adjusted EBITDA $1.23B-$1.28B
Sees FY26 net income $650M-$700M. Sees FY26 gross adjusted EBITDA margin 75%. Sees FY26 free cash flow $850M-$900M. Sees FY26 capital expenditures $150M. The company said, “In 2026, full year
Hess Midstream LP Announces 2026 Guidance, Extends Return of Capital Program
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP ANNOUNCES 2026 GUIDANCE, EXTENDS RETURN OF CAPITAL PROGRAM.
Hess Midstream LP Earnings Call Transcript: Q3 2025
Q3 2025 saw strong operational and financial results, with adjusted EBITDA up to $321 million and a $100 million share repurchase. Capital expenditures are reduced following the Capa gas plant suspension, supporting higher free cash flow and ongoing capital returns.
Hess Midstream LP reports Q3 EPS 75c, consensus 69c
Reports Q3 revenue $420.9M, consensus $417.92M. “We delivered solid operational performance in the third quarter, growing gas throughput across our systems on a year-over-year and sequential basis,” s...