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): -55.81%
EPS Trend (3Y Correlation): -11.1%

HESM Revenue

Revenue Growth (3Y CAGR): 8.05%
Revenue Trend (3Y Correlation): 90.3%

Risk via 10d forecast
Volatility	20.7%
Value at Risk 5%th	33.6%
Relative Tail Risk	-1.15%

Reward TTM
Sharpe Ratio	0.18
Alpha	-7.16

Character TTM
Hurst Exponent	0.519
Beta	0.650
Beta Downside	1.085

Drawdowns 3y
Max DD	25.78%
Mean DD	5.73%
Median DD	4.37%

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	7,172m
Sub-Industry	Oil & Gas Storage & Transportation
IPO / Inception	2017-04-05
Return 12m vs S&P 500	-10.8%
Analyst Rating	4.0 of 5

HESM Dividends

Dividend Yield	8.71%
Yield on Cost 5y	24.58%
Yield CAGR 5y	11.04%
Payout Consistency	100.0%
Payout Ratio	140.2%

HESM Growth Ratios

CAGR 3y	13.79%
CAGR/Max DD Calmar Ratio	0.54
CAGR/Mean DD Pain Ratio	2.41
Current Volume	1334.4k
Average Volume	1739.8k

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income (290.9m TTM) > 0 and > 6% of Revenue (6% = 94.0m TTM)

FCFTA 0.15 (>2.0%) and ΔFCFTA -1.85pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -3.99% (prev 1.52%; Δ -5.51pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.22 (>3.0%) and CFO 962.7m > Net Income 290.9m (YES >=105%, WARN >=100%)

Net Debt (3.71b) to EBITDA (1.19b) ratio: 3.11 <= 3.0 (WARN <= 3.5)

Current Ratio 0.71 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (121.8m) change vs 12m ago 45.35% (target <= -2.0% for YES)

Gross Margin 86.85% (prev 86.23%; Δ 0.61pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 36.99% (prev 35.59%; Δ 1.40pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 4.58 (EBITDA TTM 1.19b / Interest Expense TTM 215.8m) >= 6 (WARN >= 3)

ValueRay F-Score (Strict, 0-100) 77.87

1. Piotroski 5.50pt = 0.50

2. FCF Yield 6.12% = 3.06

3. FCF Margin 42.52% = 7.50

4. Debt/Equity 5.85 = -2.50

5. Debt/Ebitda 3.11 = -1.91

6. ROIC - WACC (= 14.56)% = 12.50

7. RoE 50.64% = 2.50

8. Rev. Trend 90.30% = 6.77

9. EPS Trend -11.06% = -0.55

What is the price of HESM shares?

As of November 15, 2025, the stock is trading at USD 33.34 with a total of 1,334,365 shares traded.
Over the past week, the price has changed by -1.68%, over one month by +6.04%, over three months by -17.77% and over the past year by +2.23%.

Is Hess Midstream Partners a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Hess Midstream Partners (NYSE:HESM) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 77.87 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of HESM is around 34.25 USD . This means that HESM is currently overvalued and has a potential downside of 2.73%.

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	11%
Analysts Target Price	37	11%
ValueRay Target Price	37.3	11.9%

HESM Fundamental Data Overview November 01, 2025

Market Cap USD = 7.17b (7.17b USD * 1.0 USD.USD)
P/E Trailing = 12.6914
P/E Forward = 9.9108
P/S = 4.5661
P/B = 7.0889
P/EG = 1.57
Beta = 0.539
Revenue TTM = 1.57b USD
EBIT TTM = 987.3m USD
EBITDA TTM = 1.19b USD
Long Term Debt = 3.69b USD (from longTermDebt, last quarter)
Short Term Debt = 27.5m USD (from shortTermDebt, last quarter)
Debt = 3.71b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.71b USD (from netDebt column, last quarter)
Enterprise Value = 10.88b USD (7.17b + Debt 3.71b - CCE 4.50m)
Interest Coverage Ratio = 4.58 (Ebit TTM 987.3m / Interest Expense TTM 215.8m)
FCF Yield = 6.12% (FCF TTM 666.4m / Enterprise Value 10.88b)
FCF Margin = 42.52% (FCF TTM 666.4m / Revenue TTM 1.57b)
Net Margin = 18.56% (Net Income TTM 290.9m / Revenue TTM 1.57b)
Gross Margin = 86.85% ((Revenue TTM 1.57b - Cost of Revenue TTM 206.1m) / Revenue TTM)
Gross Margin QoQ = 87.47% (prev 86.48%)
Tobins Q-Ratio = 2.46 (Enterprise Value 10.88b / Total Assets 4.42b)
Interest Expense / Debt = 1.49% (Interest Expense 55.4m / Debt 3.71b)
Taxrate = 13.94% (29.1m / 208.8m)
NOPAT = 849.7m (EBIT 987.3m * (1 - 13.94%))
Current Ratio = 0.71 (Total Current Assets 150.9m / Total Current Liabilities 213.5m)
Debt / Equity = 5.85 (Debt 3.71b / totalStockholderEquity, last quarter 635.0m)
Debt / EBITDA = 3.11 (Net Debt 3.71b / EBITDA 1.19b)
Debt / FCF = 5.57 (Net Debt 3.71b / FCF TTM 666.4m)
Total Stockholder Equity = 574.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.58% (Net Income 290.9m / Total Assets 4.42b)
RoE = 50.64% (Net Income TTM 290.9m / Total Stockholder Equity 574.5m)
RoCE = 23.17% (EBIT 987.3m / Capital Employed (Equity 574.5m + L.T.Debt 3.69b))
RoIC = 20.54% (NOPAT 849.7m / Invested Capital 4.14b)
WACC = 5.98% (E(7.17b)/V(10.89b) * Re(8.41%) + D(3.71b)/V(10.89b) * Rd(1.49%) * (1-Tc(0.14)))
Discount Rate = 8.41% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 33.44%
[DCF Debug] Terminal Value 77.42% ; FCFE base≈673.9m ; Y1≈694.2m ; Y5≈781.5m
Fair Price DCF = 97.90 (DCF Value 12.83b / Shares Outstanding 131.1m; 5y FCF grow 3.01% → 3.0% )
EPS Correlation: -11.06 | EPS CAGR: -55.81% | SUE: -4.0 | # QB: 0
Revenue Correlation: 90.30 | Revenue CAGR: 8.05% | SUE: 1.09 | # QB: 1

Additional Sources for HESM Stock

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Fund Manager Positions: Dataroma | Stockcircle