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HESM

Hess Midstream LP

HESM

NYSE·Energy·Oil & Gas Midstream·Mkt cap $7.8B

$38.16

▲ +0.98%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$31.63 - $44.14

P/E

13.20

Fwd P/E

12.50

Beta

0.51

Div Yield

8.03%

Avg Vol

2.0M

Shares Out

208.4M

Mkt Cap

$7.8B

Price action

Price chart

Down 1.5% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

4 reasons

  • Strategic asset positioning in the high-margin Bakken Shale region
  • Long-term, fee-based contract structure providing stable cash flows
  • Integrated midstream infrastructure reducing customer transportation costs
  • Experienced management team backed by parent company Hess Corporation
▼

Bear Case

1 risk

  • Low volatility (beta 0.5).

Growth

Stable outlook

Increased crude oil and natural gas production from Bakken operators

Value

Attractively priced below Midstream & Pipelines peer average

Momentum

Stable

-2.6% over 3m

Quality

Excellent

Excellent business quality

Dividend

High yield

8.03% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Jul 29, 2026

“
Q2 26 RECAP

MAY 4, 2026

Reported EPS of $0.68 vs $0.65 consensus (+4.6% surprise). Revenue of $390.1M vs $389.5M expected (+0.1%). Beat on both top and bottom lines.

EPS beat +4.6%
Rev beat +0.1%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+4.6%

Next: Jul 29, 2026

Revenue trend · last 8Q

—

—

—

+7%

+13%

+11%

+2%

+2%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$364.6M

$377.6M

$395.0M

$381.0M

$413.5M

$420.9M

$404.2M

$390.1M

Margins · last 8Q

Gross

—

Operating

—

Profit

22.5%

View full earnings history →

Wall Street consensus

3 analysts · 0% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

0%

Hold

1

33%

Sell

2

67%

Median Price Target

$35.00

▼ -8.3% vs $38.16

Low $32.00
Median $35.00
High $38.00

Latest: Morgan Stanley · Jun 10, 2026

2 analysts covering

View full analyst page →

vs Industry

How HESM stacks vs Oil & Gas Midstream

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.