Overview Dividends

(HESM) Hess Midstream Partners - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US4281031058

Gas Gathering, Oil Gathering, Water Handling, Processing Plant, Storage Terminal

HESM EPS (Earnings per Share)

EPS Growth (3Y CAGR): 16.74%
EPS Trend (3Y Correlation): 97.2%

HESM Revenue

Revenue Growth (3Y CAGR): 11.26%
Revenue Trend (3Y Correlation): 95.0%

Risk via 10d forecast
Volatility	21.3%
Value at Risk 5%th	34.6%
Relative Tail Risk	-1.05%

Reward TTM
Sharpe Ratio	-0.01
Alpha	-7.05

Character TTM
Hurst Exponent	0.634
Beta	0.654
Beta Downside	1.087

Drawdowns 3y
Max DD	25.78%
Mean DD	5.76%
Median DD	4.39%

Description: HESM Hess Midstream Partners November 04, 2025

Hess Midstream LP (NYSE:HESM) is a mid-stream infrastructure company that owns, operates, develops, and acquires assets in the United States, providing fee-based transportation, processing, and storage services to its parent Hess Corp and third-party customers.

The business is organized into three operating segments:

Gathering – ~1,415 mi of natural-gas and NGL pipelines (≈675 MMcf/d capacity), ~590 mi of crude-oil pipelines, and ~330 mi of produced-water lines.
Processing & Storage – the Tioga Gas Plant (natural-gas processing & fractionation) and the Mentor propane-storage cavern with rail/truck loading capabilities.
Terminaling & Export – assets such as the Ramberg terminal, Tioga rail terminal, crude-oil rail fleet, Dakota Access pipeline connections, and the Johnson’s Corner crude-oil header.

Key performance indicators from the most recent FY2023 filing show adjusted EBITDA of **$1.05 bn**, a pipeline utilization rate of **~78 %**, and storage cavern occupancy of **~92 %**, indicating strong asset usage despite a modest dip in natural-gas prices that year.

Primary economic drivers for Hess Midstream include continued growth in U.S. shale production (especially Bakken and Eagle Ford), rising demand for NGLs and propane for heating and petrochemical feedstocks, and the expansion of LNG export capacity that boosts natural-gas throughput. Conversely, the segment is sensitive to commodity-price volatility and regulatory changes affecting water-disposal fees.

For a data-rich, forward-looking assessment of how these drivers may impact HESM’s valuation, you may find ValueRay’s interactive dashboards useful as a next step in your analysis.

HESM Stock Overview

Market Cap in USD	6,899m
Sub-Industry	Oil & Gas Storage & Transportation
IPO / Inception	2017-04-05
Return 12m vs S&P 500	-14.5%
Analyst Rating	4.0 of 5

HESM Dividends

Dividend Yield	8.91%
Yield on Cost 5y	24.11%
Yield CAGR 5y	11.04%
Payout Consistency	100.0%
Payout Ratio	102.9%

HESM Growth Ratios

CAGR 3y	12.69%
CAGR/Max DD Calmar Ratio	0.49
CAGR/Mean DD Pain Ratio	2.20
Current Volume	1521.6k
Average Volume	1739.8k

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income (330.0m TTM) > 0 and > 6% of Revenue (6% = 96.6m TTM)

FCFTA 0.16 (>2.0%) and ΔFCFTA 0.27pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -3.48% (prev -4.58%; Δ 1.10pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.22 (>3.0%) and CFO 996.7m > Net Income 330.0m (YES >=105%, WARN >=100%)

Net Debt (3.79b) to EBITDA (1.23b) ratio: 3.09 <= 3.0 (WARN <= 3.5)

Current Ratio 0.75 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (130.3m) change vs 12m ago 40.11% (target <= -2.0% for YES)

Gross Margin 80.79% (prev 86.12%; Δ -5.32pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 37.52% (prev 35.12%; Δ 2.40pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 4.60 (EBITDA TTM 1.23b / Interest Expense TTM 221.1m) >= 6 (WARN >= 3)

ValueRay F-Score (Strict, 0-100) 82.03

1. Piotroski 3.50pt = -1.50

2. FCF Yield 6.88% = 3.44

3. FCF Margin 44.26% = 7.50

4. Debt/Equity 6.54 = -2.50

5. Debt/Ebitda 3.09 = -1.89

6. ROIC - WACC (= 14.32)% = 12.50

7. RoE 74.70% = 2.50

8. Rev. Trend 94.95% = 7.12

9. EPS Trend 97.19% = 4.86

What is the price of HESM shares?

As of November 18, 2025, the stock is trading at USD 32.57 with a total of 1,521,596 shares traded.
Over the past week, the price has changed by -3.09%, over one month by +1.94%, over three months by -18.49% and over the past year by -2.08%.

Is Hess Midstream Partners a good stock to buy?

Yes, based on ValueRay´s Fundamental Analyses, Hess Midstream Partners (NYSE:HESM) is currently (November 2025) a good stock to buy. It has a ValueRay Fundamental Rating of 82.03 and therefor a positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of HESM is around 33.20 USD . This means that HESM is currently overvalued and has a potential downside of 1.93%.

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.

Strong Buy: 2
Buy: 1
Hold: 2
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the HESM price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	37	13.6%
Analysts Target Price	37	13.6%
ValueRay Target Price	36.2	11.2%

HESM Fundamental Data Overview November 17, 2025

Market Cap USD = 6.90b (6.90b USD * 1.0 USD.USD)
P/E Trailing = 11.8648
P/E Forward = 11.0742
P/S = 4.2772
P/B = 7.5353
P/EG = 1.57
Beta = 0.594
Revenue TTM = 1.61b USD
EBIT TTM = 1.02b USD
EBITDA TTM = 1.23b USD
Long Term Debt = 3.76b USD (from longTermDebt, last quarter)
Short Term Debt = 30.0m USD (from shortLongTermDebt, last quarter)
Debt = 3.47b USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 3.79b USD (from netDebt column, last quarter)
Enterprise Value = 10.37b USD (6.90b + Debt 3.47b - CCE 5.50m)
Interest Coverage Ratio = 4.60 (Ebit TTM 1.02b / Interest Expense TTM 221.1m)
FCF Yield = 6.88% (FCF TTM 712.7m / Enterprise Value 10.37b)
FCF Margin = 44.26% (FCF TTM 712.7m / Revenue TTM 1.61b)
Net Margin = 20.49% (Net Income TTM 330.0m / Revenue TTM 1.61b)
Gross Margin = 80.79% ((Revenue TTM 1.61b - Cost of Revenue TTM 309.3m) / Revenue TTM)
Gross Margin QoQ = 63.25% (prev 87.47%)
Tobins Q-Ratio = 2.34 (Enterprise Value 10.37b / Total Assets 4.44b)
Interest Expense / Debt = 1.64% (Interest Expense 57.1m / Debt 3.47b)
Taxrate = 15.22% (31.5m / 207.0m)
NOPAT = 861.4m (EBIT 1.02b * (1 - 15.22%))
Current Ratio = 0.75 (Total Current Assets 168.2m / Total Current Liabilities 224.3m)
Debt / Equity = 6.54 (Debt 3.47b / totalStockholderEquity, last fiscal year 530.7m)
Debt / EBITDA = 3.09 (Net Debt 3.79b / EBITDA 1.23b)
Debt / FCF = 5.32 (Net Debt 3.79b / FCF TTM 712.7m)
Total Stockholder Equity = 441.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 7.44% (Net Income 330.0m / Total Assets 4.44b)
RoE = 74.70% (Net Income TTM 330.0m / Total Stockholder Equity 441.8m)
RoCE = 24.15% (EBIT 1.02b / Capital Employed (Equity 441.8m + L.T.Debt 3.76b))
RoIC = 20.40% (NOPAT 861.4m / Invested Capital 4.22b)
WACC = 6.07% (E(6.90b)/V(10.37b) * Re(8.43%) + D(3.47b)/V(10.37b) * Rd(1.64%) * (1-Tc(0.15)))
Discount Rate = 8.43% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 38.02%
[DCF Debug] Terminal Value 77.35% ; FCFE base≈689.6m ; Y1≈710.3m ; Y5≈799.7m
Fair Price DCF = 101.1 (DCF Value 13.08b / Shares Outstanding 129.4m; 5y FCF grow 3.01% → 3.0% )
EPS Correlation: 97.19 | EPS CAGR: 16.74% | SUE: 1.13 | # QB: 1
Revenue Correlation: 94.95 | Revenue CAGR: 11.26% | SUE: 0.37 | # QB: 0

Additional Sources for HESM Stock

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Fund Manager Positions: Dataroma | Stockcircle