(HESM) Hess Midstream Partners - Overview

Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NYSE (USA) | Market Cap: 8.087m USD | Total Return: 21.8% in 12m

Gas Gathering, Oil Gathering, Processing, Storage, Export
Total Rating 38
Safety 62
Buy Signal 0.45
Oil & Gas Midstream
Industry Rotation: -12.6
Market Cap: 8.09B
Avg Turnover: 55.0M USD
ATR: 2.10%
Peers RS (IBD): 11.5
Risk 5d forecast
Volatility20.5%
Rel. Tail Risk0.60%
Reward TTM
Sharpe Ratio0.65
Alpha-8.93
Character TTM
Beta0.646
Beta Downside0.553
Drawdowns 3y
Max DD25.78%
CAGR/Max DD0.77
EPS (Earnings per Share) EPS (Earnings per Share) of HESM over the last years for every Quarter: "2021-03": 0.43, "2021-06": 0.44, "2021-09": 0.38, "2021-12": 0.51, "2022-03": 0.49, "2022-06": 0.5, "2022-09": 0.53, "2022-12": 0.49, "2023-03": 0.47, "2023-06": 0.5, "2023-09": 0.57, "2023-12": 0.55, "2024-03": 0.59, "2024-06": 0.59, "2024-09": 0.63, "2024-12": 0.68, "2025-03": 0.65, "2025-06": 0.74, "2025-09": 0.75, "2025-12": 0.72, "2026-03": 0,
EPS CAGR: -45.32%
EPS Trend: 4.2%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of HESM over the last years for every Quarter: 2021-03: 288.8, 2021-06: 294.8, 2021-09: 303.9, 2021-12: 316.3, 2022-03: 312.1, 2022-06: 313, 2022-09: 334.2, 2022-12: 313.9, 2023-03: 304.3, 2023-06: 323.5, 2023-09: 362.5, 2023-12: 359.5, 2024-03: 354.7, 2024-06: 364.6, 2024-09: 377.6, 2024-12: 395, 2025-03: 381, 2025-06: 413.5, 2025-09: 420.9, 2025-12: 404.2, 2026-03: null,
Rev. CAGR: 7.14%
Rev. Trend: 93.7%
Last SUE: -3.00
Qual. Beats: 0

Warnings

Share dilution 24.3% YoY - potential capital distress

Tailwinds

Pivot

Description: HESM Hess Midstream Partners

Hess Midstream LP (HESM) is a midstream company providing fee-based services for natural gas, crude oil, and produced water. Midstream companies typically operate pipelines, processing plants, and storage facilities, connecting upstream production with downstream refining and distribution.

The company operates in three segments: Gathering, Processing and Storage, and Terminaling and Export. The Gathering segment manages natural gas and crude oil pipeline systems, along with produced water disposal. The Processing and Storage segment includes a natural gas processing plant and a propane storage facility. The Terminaling and Export segment handles crude oil rail and pipeline infrastructure. These fee-based services provide stable revenue streams, largely insulated from commodity price fluctuations.

HESM was founded in 2014 and is headquartered in Houston, Texas. For a deeper analysis of its operational metrics and financial performance, further research on ValueRay is recommended.

Headlines to Watch Out For
  • Bakken crude oil and natural gas production volumes impact throughput
  • Fee-based contracts provide stable revenue streams
  • Expansion projects drive capital expenditure and growth
  • Regulatory changes to pipeline operations increase compliance costs
Piotroski VR‑10 (Strict) 4.5
Net Income: 352.9m TTM > 0 and > 6% of Revenue
FCF/TA: 0.13 > 0.02 and ΔFCF/TA -1.95 > 1.0
NWC/Revenue: -1.78% < 20% (prev -4.69%; Δ 2.91% < -1%)
CFO/TA 0.22 > 3% & CFO 983.8m > Net Income 352.9m
Net Debt (3.77b) to EBITDA (1.24b): 3.05 < 3
Current Ratio: 0.85 > 1.5 & < 3
Outstanding Shares: last quarter (129.4m) vs 12m ago 24.30% < -2%
Gross Margin: 74.99% > 18% (prev 0.86%; Δ 7.41k% > 0.5%)
Asset Turnover: 37.93% > 50% (prev 35.94%; Δ 1.99% > 0%)
Interest Coverage Ratio: 4.54 > 6 (EBITDA TTM 1.24b / Interest Expense TTM 225.6m)
Beneish M -2.86
DSRI: 1.00 (Receivables 150.2m/138.9m, Revenue 1.62b/1.49b)
GMI: 1.15 (GM 74.99% / 86.39%)
AQI: 1.20 (AQ_t 0.20 / AQ_t-1 0.16)
SGI: 1.09 (Revenue 1.62b / 1.49b)
TATA: -0.14 (NI 352.9m - CFO 983.8m) / TA 4.39b)
Beneish M-Score: -2.86 (Cap -4..+1) = A
What is the price of HESM shares? As of April 09, 2026, the stock is trading at USD 39.58 with a total of 2,125,330 shares traded.
Over the past week, the price has changed by +3.83%, over one month by +1.70%, over three months by +20.38% and over the past year by +21.81%.
Is HESM a buy, sell or hold? Hess Midstream Partners has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy HESM.
  • StrongBuy: 2
  • Buy: 1
  • Hold: 2
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the HESM price?
Analysts Target Price 38.7 -2.3%
Hess Midstream Partners (HESM) - Fundamental Data Overview as of 06 April 2026
P/E Trailing = 13.5699
P/E Forward = 14.2248
P/S = 4.9882
P/B = 8.8371
P/EG = 1.57
Revenue TTM = 1.62b USD
EBIT TTM = 1.02b USD
EBITDA TTM = 1.24b USD
Long Term Debt = 3.74b USD (from longTermDebt, last quarter)
Short Term Debt = 32.5m USD (from shortTermDebt, last quarter)
Debt = 3.77b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.77b USD (from netDebt column, last quarter)
Enterprise Value = 11.86b USD (8.09b + Debt 3.77b - CCE 1.90m)
Interest Coverage Ratio = 4.54 (Ebit TTM 1.02b / Interest Expense TTM 225.6m)
EV/FCF = 20.28x (Enterprise Value 11.86b / FCF TTM 584.8m)
FCF Yield = 4.93% (FCF TTM 584.8m / Enterprise Value 11.86b)
FCF Margin = 36.11% (FCF TTM 584.8m / Revenue TTM 1.62b)
Net Margin = 21.79% (Net Income TTM 352.9m / Revenue TTM 1.62b)
Gross Margin = 74.99% ((Revenue TTM 1.62b - Cost of Revenue TTM 405.0m) / Revenue TTM)
Gross Margin QoQ = 63.63% (prev 63.25%)
Tobins Q-Ratio = 2.70 (Enterprise Value 11.86b / Total Assets 4.39b)
Interest Expense / Debt = 1.50% (Interest Expense 56.7m / Debt 3.77b)
Taxrate = 15.24% (30.2m / 198.2m)
NOPAT = 868.0m (EBIT 1.02b * (1 - 15.24%))
Current Ratio = 0.85 (Total Current Assets 159.0m / Total Current Liabilities 187.8m)
Debt / Equity = 6.64 (Debt 3.77b / totalStockholderEquity, last quarter 568.3m)
Debt / EBITDA = 3.05 (Net Debt 3.77b / EBITDA 1.24b)
Debt / FCF = 6.45 (Net Debt 3.77b / FCF TTM 584.8m)
Total Stockholder Equity = 594.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 8.27% (Net Income 352.9m / Total Assets 4.39b)
RoE = 59.38% (Net Income TTM 352.9m / Total Stockholder Equity 594.3m)
RoCE = 23.63% (EBIT 1.02b / Capital Employed (Equity 594.3m + L.T.Debt 3.74b))
RoIC = 20.15% (NOPAT 868.0m / Invested Capital 4.31b)
WACC = 6.04% (E(8.09b)/V(11.86b) * Re(8.26%) + D(3.77b)/V(11.86b) * Rd(1.50%) * (1-Tc(0.15)))
Discount Rate = 8.26% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 37.54%
[DCF] Terminal Value 86.47% ; FCFF base≈604.6m ; Y1≈622.8m ; Y5≈701.1m
[DCF] Fair Price = 129.3 (EV 20.50b - Net Debt 3.77b = Equity 16.73b / Shares 129.4m; r=6.04% [WACC]; 5y FCF grow 3.01% → 3.0% )
EPS Correlation: 4.20 | EPS CAGR: -45.32% | SUE: -4.0 | # QB: 0
Revenue Correlation: 93.68 | Revenue CAGR: 7.14% | SUE: -3.00 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.71 | Chg7d=+0.040 | Chg30d=+0.063 | Revisions Net=-1 | Analysts=4
EPS current Year (2026-12-31): EPS=2.85 | Chg7d=+0.180 | Chg30d=+0.298 | Revisions Net=+1 | Growth EPS=-0.2% | Growth Revenue=-0.4%
EPS next Year (2027-12-31): EPS=2.96 | Chg7d=+0.020 | Chg30d=+0.008 | Revisions Net=+0 | Growth EPS=+3.6% | Growth Revenue=+3.0%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 0.9% (Discount Rate 8.3% - Earnings Yield 7.4%)
[Growth] Growth Spread = -4.1% (Analyst -3.2% - Implied 0.9%)
External Resources
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