Hess Midstream LP
HESM
NYSE·Energy·Oil & Gas Midstream·Mkt cap $8.2B
$39.91
▲ +0.15%
P/E
13.76
Mkt Cap
$8.2B
52-Wk Range
$31.63–$41.44
52-Week Range
$31.63 - $41.44
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Down 2.1% over the trailing year
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
+2.8% over 3m
Quality
Excellent
Strong fundamentals
Dividend
High yield
7.73% yield
Smart-money signal
Who's buying HESM right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Latest print - beat on both lines
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Nov 2, 2026
AUG 3, 2026
Reported EPS of $0.75 vs $0.67 consensus (+11.6% surprise). Revenue of $399.0M vs $396.0M expected (+0.8%). Beat on both top and bottom lines.
EPS surprise · last 4Q
1 of 1 beats
Estimate
Actual
Q3 26
+11.6%
Revenue trend · last 8Q
—
—
+7%
+13%
+11%
+2%
+2%
-4%
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
Q2 26
$377.6M
$395.0M
$381.0M
$413.5M
$420.9M
$404.2M
$390.1M
$399.0M
Margins · last 8Q
Gross
-61.6%
Operating
63.5%
Profit
61.1%
Wall Street consensus
3 analysts · 0% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
0%
Hold
33%
Sell
67%
Median Price Target
—
Latest: Morgan Stanley · Jul 21, 2026
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.
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