Hess Midstream LP (HESM)

Currency in USD
30.61
+0.57(+1.90%)
Closed·
30.77+0.16(+0.52%)
·
Earnings results expected in 5 days
High dividend Yield
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Fair Value
Day's Range
30.0031.09
52 wk Range
29.5241.44
Key Statistics
Prev. Close
30.04
Open
30.22
Day's Range
30-31.09
52 wk Range
29.52-41.44
Volume
3.22M
Average Volume (3m)
1.86M
1-Year Change
-9.2768%
Book Value / Share
4.01
Fair Value
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Fair Value Upside
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HESM Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
33.67
Upside
+9.99%
Members' Sentiments
Bearish
Bullish
ProTips
RSI suggests the stock is in oversold territory

Hess Midstream LP News & Analysis

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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Technical Indicators
Strong Buy
Moving Averages
Strong Sell

Analyst Ratings

0 Buy
4 Hold
3 Sell
Ratings:
7 analysts
Overall Consensus
Sell

Analysts 12-Month Price Target:

Average 33.67
(+9.99% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Raymond James
Buy32.00+4.54%-UpgradeOct 23, 2026
UBS
Hold34.00+11.07%37.00MaintainOct 13, 2026
Morgan Stanley
Sell30.00-1.99%39.00MaintainOct 13, 2026
JPMorgan
Sell39.00+27.41%-DowngradeOct 02, 2026
Morgan Stanley
Sell39.00+27.41%38.00MaintainJul 21, 2026

Hess Midstream LP Earnings Call Summary for Q2/2026

  • Hess Midstream reported Q2 2026 EPS of $0.75 on revenue of $399M, beating estimates of $0.69 and $396.46M with adjusted EBITDA rising to $314M.
  • Adjusted EBITDA margin held at 85%, well above 75% target, driven by cost control and lower operating expenses despite maintenance timing shifts.
  • Company maintained full-year guidance of $910M-$960M adjusted free cash flow and $1.225B-$1.275B EBITDA, expecting 20% growth at midpoint.
  • Management reduced revolving credit facility by $87M to $256M, targeting leverage decline from 3.0x to 2.5x net debt-to-EBITDA by 2028.
  • Q3 guidance set at $165M-$175M net income and $310M-$320M EBITDA, with volumes expected to grow 5% quarterly through Q4 despite weather risks.
Last Updated: 08/03/2026, 11:06 PM
Read Full Transcript

Earnings

Latest Release
Aug 03, 2026
EPS / Forecast
0.75 / 0.69
Revenue / Forecast
399M / 396.46M
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 2.90
Dividend Yield
10.50%
Industry Median 4.19%
Annualized payout
3.16
Paid quarterly
5-Years Growth
+10.84%
Growth Streak

HESM Income Statement

Compare HESM to Peers and Sector

Metrics to compare
HESM
Peers
Sector
Relationship
P/E Ratio
10.5x24.7x5.3x
PEG Ratio
1.330.750.00
Price/Book
12.3x4.4x1.1x
Price / LTM Sales
3.9x4.3x1.5x
Upside (Analyst Target)
12.1%18.5%29.7%
Fair Value Upside
Unlock3.3%9.4%Unlock

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 gas liquids gathering pipelines with capacity of approximately 685 million cubic feet per day; crude oil gathering system comprises approximately 615 miles of crude oil gathering pipelines; and produces water gathering system that includes approximately 360 miles of pipelines in gathering systems. The Processing and Storage segment comprises Tioga Gas Plant, a natural gas processing and fractionation plant located in Tioga, North Dakota; Mentor Storage Terminal, a propane storage cavern and rail, and truck loading and unloading facility located in Mentor, Minnesota; and Terminaling and Export segment that owns Ramberg terminal facility, the Tioga rail terminal, crude oil rail cars, and other Dakota access pipeline connections, as well as Johnson’s Corner Header System, a crude oil pipeline header system; and other DAPL connections. Hess Midstream LP was formerly known as Hess Midstream Partners LP and changed its name to Hess Midstream LP in December 2019. Hess Midstream LP was founded in 2014 and is based in Houston, Texas.

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
74.82M58.29%2.32B
Other Institutional Investors
44.08M34.34%1.37B
Public Companies & Retail Investors
9.46M7.37%293.92M
Total
128.35M100.00%3.99B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
ALPS Advisors, Inc.24.02%30,828,592957,844
ALPS ETF Trust - Alerian MLP ETF23.39%30,026,832932,934

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FAQ

What Is the Hess Midstream (HESM) Stock Price Today?

The Hess Midstream stock price today is 30.61 USD.

What Stock Exchange Does Hess Midstream Trade On?

Hess Midstream is listed and trades on the New York Stock Exchange.

What Is the Stock Symbol for Hess Midstream?

The stock symbol for Hess Midstream is "HESM."

Does Hess Midstream Pay Dividends? What’s The Current Dividend Yield?

The Hess Midstream dividend yield is 10.5%%.

What Is the Hess Midstream Market Cap?

As of today, Hess Midstream market cap is 6.31B USD.

What Is Hess Midstream's Earnings Per Share (TTM)?

The Hess Midstream EPS (TTM) is 2.90.

When Is the Next Hess Midstream Earnings Date?

Hess Midstream will release its next earnings report on Oct 28, 2026.

From a Technical Analysis Perspective, Is HESM a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.

How Many Times Has Hess Midstream Stock Split?

Hess Midstream has split 0 times.

What is the current trading status of Hess Midstream (HESM)?

As of Oct 23, 2026, Hess Midstream (HESM) is trading at a price of 30.61 USD, with a previous close of 30.04 USD. The stock has fluctuated within a day range of 30.00 USD to 31.09 USD, while its 52-week range spans from 29.52 USD to 41.44 USD.

What Is Hess Midstream (HESM) Price Target According to Analysts?

The average 12-month price target for Hess Midstream is 33.67 USD, with a high estimate of 40 USD and a low estimate of 30 USD. 0 analysts recommend buying the stock, while 3 suggest selling, leading to an overall rating of Sell. The stock has an +9.99% Upside potential.

What Is the HESM Premarket Price?

HESM's last pre-market stock price is 30.26 USD. The pre-market share volume is 17,310.00, and the stock has decreased by 0.22, or 0.73%.

What Is the HESM After Hours Price?

HESM's last after hours stock price is 30.77 USD, the stock has decreased by 0.16, or 0.52%.
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