(HESM) Hess Midstream Partners - Ratings and Ratios
Gathering, Processing, Storage, Terminaling, Export
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 8.64% |
| Yield on Cost 5y | 20.62% |
| Yield CAGR 5y | 10.98% |
| Payout Consistency | 100.0% |
| Payout Ratio | 102.9% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 19.8% |
| Value at Risk 5%th | 32.2% |
| Relative Tail Risk | -0.77% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.16 |
| Alpha | -16.82 |
| CAGR/Max DD | 0.38 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.545 |
| Beta | 0.630 |
| Beta Downside | 1.074 |
| Drawdowns 3y | |
|---|---|
| Max DD | 25.78% |
| Mean DD | 6.47% |
| Median DD | 4.72% |
Description: HESM Hess Midstream Partners January 07, 2026
Hess Midstream LP (NYSE:HESM) owns, operates, develops, and acquires midstream infrastructure in the United States, delivering fee-based services to Hess and third-party customers across three segments: Gathering, Processing & Storage, and Terminaling & Export.
The Gathering segment includes roughly 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. The Processing & Storage segment operates the Tioga Gas Plant (natural gas processing and fractionation) and the Mentor propane storage cavern with rail/truck loading. The Terminaling & Export segment controls the Ramberg crude-oil terminal, Tioga rail terminal, associated rail cars, and the Johnson’s Corner crude-oil header system.
Key performance indicators (as of FY 2023) show an adjusted EBITDA of about $550 million and a cash-flow-to-debt ratio near 0.9, indicating solid liquidity for capital-intensive projects. Utilization rates on the natural-gas gathering system have averaged 78 % in the past 12 months, reflecting continued growth in U.S. shale production. The segment’s fee-based revenue model provides resilience to commodity-price volatility, though margin expansion is still tied to the natural-gas price spread (Waha – Henry Hub) and NGL differential trends.
Sector drivers that will likely influence HESM’s outlook include (1) sustained U.S. crude-oil output growth of 1–2 % YoY, (2) the ongoing recovery of natural-gas demand for power generation and LNG export, and (3) regulatory scrutiny of water-disposal pipelines, which could affect capital-expenditure timing. A shift in any of these variables would materially alter cash-flow forecasts.
For a deeper dive into HESM’s valuation metrics, you might find ValueRay’s analyst toolkit useful.
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) 76.98
| 1. Piotroski 3.50pt |
| 2. FCF Yield 6.44% |
| 3. FCF Margin 44.26% |
| 4. Debt/Equity 6.63 |
| 5. Debt/Ebitda 3.09 |
| 6. ROIC - WACC (= 14.48)% |
| 7. RoE 56.42% |
| 8. Rev. Trend 92.89% |
| 9. EPS Trend 3.56% |
What is the price of HESM shares?
Over the past week, the price has changed by -3.06%, over one month by -2.01%, over three months by +2.77% and over the past year by -5.66%.
Is HESM a buy, sell or hold?
- 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 | 36.6 | 8.9% |
| Analysts Target Price | 36.6 | 8.9% |
| ValueRay Target Price | 39.1 | 16.5% |
HESM Fundamental Data Overview January 05, 2026
P/E Trailing = 12.331
P/E Forward = 12.4378
P/S = 4.5125
P/B = 7.8313
P/EG = 1.57
Beta = 0.595
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 shortTermDebt, last quarter)
Debt = 3.79b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.79b USD (from netDebt column, last quarter)
Enterprise Value = 11.07b USD (7.28b + Debt 3.79b - CCE 5.50m)
Interest Coverage Ratio = 4.60 (Ebit TTM 1.02b / Interest Expense TTM 221.1m)
FCF Yield = 6.44% (FCF TTM 712.7m / Enterprise Value 11.07b)
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 = 2.49 (Enterprise Value 11.07b / Total Assets 4.44b)
Interest Expense / Debt = 1.50% (Interest Expense 57.1m / Debt 3.79b)
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 = 6.63 (Debt 3.79b / totalStockholderEquity, last quarter 572.5m)
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 = 584.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 7.44% (Net Income 330.0m / Total Assets 4.44b)
RoE = 56.42% (Net Income TTM 330.0m / Total Stockholder Equity 584.9m)
RoCE = 23.36% (EBIT 1.02b / Capital Employed (Equity 584.9m + L.T.Debt 3.76b))
RoIC = 20.40% (NOPAT 861.4m / Invested Capital 4.22b)
WACC = 5.92% (E(7.28b)/V(11.07b) * Re(8.34%) + D(3.79b)/V(11.07b) * Rd(1.50%) * (1-Tc(0.15)))
Discount Rate = 8.34% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 38.02%
[DCF Debug] Terminal Value 77.67% ; FCFE base≈689.6m ; Y1≈710.3m ; Y5≈799.7m
Fair Price DCF = 102.8 (DCF Value 13.30b / Shares Outstanding 129.4m; 5y FCF grow 3.01% → 3.0% )
EPS Correlation: 3.56 | EPS CAGR: -45.52% | SUE: -4.0 | # QB: 0
Revenue Correlation: 92.89 | Revenue CAGR: 7.92% | SUE: 0.37 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.59 | Chg30d=-0.044 | Revisions Net=-1 | Analysts=3
EPS next Year (2026-12-31): EPS=2.66 | Chg30d=-0.099 | Revisions Net=+0 | Growth EPS=+0.7% | Growth Revenue=-0.1%
Additional Sources for HESM Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle