(HESM) Hess Midstream Partners - Overview
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US4281031058
Stock: Gas Gathering, Oil Gathering, Processing, Storage, Export
Total Rating 35
Risk 68
Buy Signal -0.50
| Risk 5d forecast | |
|---|---|
| Volatility | 19.9% |
| Relative Tail Risk | -0.10% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.15 |
| Alpha | -8.04 |
| Character TTM | |
|---|---|
| Beta | 0.642 |
| Beta Downside | 0.640 |
| Drawdowns 3y | |
|---|---|
| Max DD | 25.78% |
| CAGR/Max DD | 0.86 |
EPS (Earnings per Share)
Revenue
Description: HESM Hess Midstream Partners March 05, 2026
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, 0-10) 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 7413 % > 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) |
Altman Z''
| A: -0.01 (Total Current Assets 159.0m - Total Current Liabilities 187.8m) / Total Assets 4.39b |
| B: error (Retained Earnings missing) |
| C: 0.24 (EBIT TTM 1.02b / Avg Total Assets 4.27b) |
| D: 0.29 (Book Value of Equity 1.14b / Total Liabilities 3.95b) |
Beneish M
| DSRI: 1.00 (Receivables 150.2m/138.9m, Revenue 1.62b/1.49b) |
| GMI: 1.15 (GM 74.99% / 86.39%) |
| AQI: none (AQ_t none / AQ_t-1 none) |
| SGI: 1.09 (Revenue 1.62b / 1.49b) |
| TATA: -0.14 (NI 352.9m - CFO 983.8m) / TA 4.39b) |
| Beneish M-Score: cannot calculate (missing components) |
What is the price of HESM shares?
As of March 10, 2026, the stock is trading at USD 38.92 with a total of 1,176,156 shares traded.
Over the past week, the price has changed by -1.44%, over one month by +7.45%, over three months by +14.52% and over the past year by +4.61%.
Over the past week, the price has changed by -1.44%, over one month by +7.45%, over three months by +14.52% and over the past year by +4.61%.
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?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 36.8 | -5.4% |
| Analysts Target Price | 36.8 | -5.4% |
HESM Fundamental Data Overview March 05, 2026
P/E Trailing = 13.8007
P/E Forward = 14.1844
P/S = 5.1139
P/B = 8.9252
P/EG = 1.57
Revenue TTM = 1.62b USD
EBIT TTM = 1.02b USD
EBITDA TTM = 1.24b USD
Long Term Debt = 3.76b USD (from longTermDebt, two quarters ago)
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 = 12.06b USD (8.29b + Debt 3.77b - CCE 1.90m)
Interest Coverage Ratio = 4.54 (Ebit TTM 1.02b / Interest Expense TTM 225.6m)
EV/FCF = 20.62x (Enterprise Value 12.06b / FCF TTM 584.8m)
FCF Yield = 4.85% (FCF TTM 584.8m / Enterprise Value 12.06b)
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 = 2.75 (Enterprise Value 12.06b / 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 = 23.49% (EBIT 1.02b / Capital Employed (Equity 594.3m + L.T.Debt 3.76b))
RoIC = 20.20% (NOPAT 868.0m / Invested Capital 4.30b)
WACC = 6.09% (E(8.29b)/V(12.06b) * Re(8.28%) + D(3.77b)/V(12.06b) * Rd(1.50%) * (1-Tc(0.15)))
Discount Rate = 8.28% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 37.54%
[DCF] Terminal Value 85.85% ; FCFF base≈604.6m ; Y1≈622.7m ; Y5≈699.4m
[DCF] Fair Price = 122.0 (EV 19.56b - Net Debt 3.77b = Equity 15.79b / Shares 129.4m; r=6.09% [WACC]; 5y FCF grow 3.01% → 2.90% )
EPS Correlation: 93.93 | EPS CAGR: 10.81% | SUE: 0.0 | # QB: 0
Revenue Correlation: 93.68 | Revenue CAGR: 7.14% | SUE: -3.00 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.65 | Chg7d=+0.005 | Chg30d=-0.003 | Revisions Net=-1 | Analysts=2
EPS current Year (2026-12-31): EPS=2.56 | Chg7d=-0.094 | Chg30d=-0.107 | Revisions Net=-2 | Growth EPS=-10.6% | Growth Revenue=-0.6%
EPS next Year (2027-12-31): EPS=2.95 | Chg7d=+0.027 | Chg30d=+0.033 | Revisions Net=+1 | Growth EPS=+15.3% | Growth Revenue=+2.7%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 1.0% (Discount Rate 8.3% - Earnings Yield 7.2%)
[Growth] Growth Spread = -4.0% (Analyst -3.0% - Implied 1.0%)
P/E Forward = 14.1844
P/S = 5.1139
P/B = 8.9252
P/EG = 1.57
Revenue TTM = 1.62b USD
EBIT TTM = 1.02b USD
EBITDA TTM = 1.24b USD
Long Term Debt = 3.76b USD (from longTermDebt, two quarters ago)
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 = 12.06b USD (8.29b + Debt 3.77b - CCE 1.90m)
Interest Coverage Ratio = 4.54 (Ebit TTM 1.02b / Interest Expense TTM 225.6m)
EV/FCF = 20.62x (Enterprise Value 12.06b / FCF TTM 584.8m)
FCF Yield = 4.85% (FCF TTM 584.8m / Enterprise Value 12.06b)
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 = 2.75 (Enterprise Value 12.06b / 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 = 23.49% (EBIT 1.02b / Capital Employed (Equity 594.3m + L.T.Debt 3.76b))
RoIC = 20.20% (NOPAT 868.0m / Invested Capital 4.30b)
WACC = 6.09% (E(8.29b)/V(12.06b) * Re(8.28%) + D(3.77b)/V(12.06b) * Rd(1.50%) * (1-Tc(0.15)))
Discount Rate = 8.28% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 37.54%
[DCF] Terminal Value 85.85% ; FCFF base≈604.6m ; Y1≈622.7m ; Y5≈699.4m
[DCF] Fair Price = 122.0 (EV 19.56b - Net Debt 3.77b = Equity 15.79b / Shares 129.4m; r=6.09% [WACC]; 5y FCF grow 3.01% → 2.90% )
EPS Correlation: 93.93 | EPS CAGR: 10.81% | SUE: 0.0 | # QB: 0
Revenue Correlation: 93.68 | Revenue CAGR: 7.14% | SUE: -3.00 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.65 | Chg7d=+0.005 | Chg30d=-0.003 | Revisions Net=-1 | Analysts=2
EPS current Year (2026-12-31): EPS=2.56 | Chg7d=-0.094 | Chg30d=-0.107 | Revisions Net=-2 | Growth EPS=-10.6% | Growth Revenue=-0.6%
EPS next Year (2027-12-31): EPS=2.95 | Chg7d=+0.027 | Chg30d=+0.033 | Revisions Net=+1 | Growth EPS=+15.3% | Growth Revenue=+2.7%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 1.0% (Discount Rate 8.3% - Earnings Yield 7.2%)
[Growth] Growth Spread = -4.0% (Analyst -3.0% - Implied 1.0%)