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Hess Midstream LP Stock Price

NYSE:HESM Community·US$7.7b Market Cap
  • 1 Narratives written by author
  • 0 Comments on narratives written by author
  • 71 Fair Values set on narratives written by author

HESM Share Price Performance

US$37.88
-0.98 (-2.52%)
US$36.83
Fair Value
US$37.88
-0.98 (-2.52%)
2.8% overvalued intrinsic discount
US$36.83
Fair Value
Price US$37.88
AnalystConsensusTarget US$36.83

HESM Community Narratives

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Fair Value US$36.83 2.8% overvalued intrinsic discount

HESM: Dividend Growth And Buybacks Will Offset Bakken Development Uncertainty

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US$36.83
2.8% overvalued intrinsic discount
Revenue
2.44% p.a.
Profit Margin
31.63%
Future PE
9.8x
Price in 2029
US$45.08

Trending Discussion

Updated Narratives

HESM logo

HESM: Buybacks And Distributions Will Steady Returns As Growth Visibility Cools

Fair Value: US$36.83 2.8% overvalued intrinsic discount
35 users have set this as their fair value
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Snowflake Analysis

Solid track record and good value.

2 Risks
3 Rewards

Hess Midstream LP Key Details

US$1.6b

Revenue

US$370.6m

Cost of Revenue

US$1.3b

Gross Profit

US$889.9m

Other Expenses

US$368.9m

Earnings

Last Reported Earnings
Mar 31, 2026
Next Reporting Earnings
n/a
2.87
77.26%
22.64%
1,006.4%
View Full Analysis

About HESM

Founded
2014
Employees
n/a
CEO
Jonathan Stein
WebsiteView website
www.hessmidstream.com

Hess Midstream LP acquires, owns, operates, and develops midstream assets and provide fee-based services to sponsor, its subsidiaries, and third-party customers in the United States. It operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and compression systems; crude oil gathering systems; and produced water gathering and disposal facilities. Its gathering system consists of approximately 1,430 miles of high- and low-pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 685 million cubic feet per day; crude oil gathering system comprises approximately 615 miles of crude oil gathering pipelines; and produces water gathering system that includes approximately 360 miles of pipelines in gathering systems. The Processing and Storage segment comprises Tioga Gas Plant, a natural gas processing and fractionation plant located in Tioga, North Dakota; Mentor Storage Terminal, a propane storage cavern and rail, and truck loading and unloading facility located in Mentor, Minnesota; and Terminaling and Export segment that owns Ramberg terminal facility, the Tioga rail terminal, crude oil rail cars, and other Dakota access pipeline connections, as well as Johnson’s Corner Header System, a crude oil pipeline header system; and other DAPL connections. Hess Midstream LP was formerly known as Hess Midstream Partners LP and changed its name to Hess Midstream LP in December 2019. Hess Midstream LP was founded in 2014 and is based in Houston, Texas.

Recent HESM News & Updates

Seeking Alpha Jun 23

Hess Midstream: Attractive Even Without An Iran Benefit

Summary Hess Midstream remains a "Strong Buy," offering an 8.5% yield and at least 15% upside, despite recent underperformance and Bakken drilling headwinds. HESM’s long-term contract with Chevron through 2033, with annual CPI-linked fee escalators, secures stable cash flow and mitigates near-term oil price and volume risks. Free cash flow yield stands at ~13%, supported by reduced capex, growing third-party revenues, and robust EBITDA margins of 83%. Balance sheet strength is improving, with leverage expected below 3x by year-end and further buybacks anticipated, positioning HESM for a potential future acquisition. Read the full article on Seeking Alpha
Narrative Update Jun 23

HESM: Buybacks And Distributions Will Steady Returns As Growth Visibility Cools

Hess Midstream’s latest narrative update reflects a reset in the Street’s stance following a reduction in the analyst price target to $38. Analysts cited limited visibility into long term growth, concerns around sponsor strategy, and a more negatively skewed risk and reward profile.
Narrative Update Jun 06

HESM: Buybacks And Distributions Will Support Execution As Views Stay Mixed

Analysts have trimmed their price targets on Hess Midstream by $4, reflecting recent revisions to growth, margin, discount rate and P/E assumptions in their models. Analyst Commentary Recent Street research on Hess Midstream has been mixed, with both upward and downward price target revisions over a short period, as well as a downgrade from one major firm.

Recent updates

No updates