Hess Midstream LP (HESM)
| Market Cap | 6.65B -5.3% |
| Revenue (ttm) | 1.61B +2.8% |
| Net Income | 375.00M +28.9% |
| EPS | 2.90 +7.7% |
| Shares Out | 206.18M |
| PE Ratio | 11.14 |
| Forward PE | 10.76 |
| Dividend | $3.16 (9.78%) |
| Ex-Dividend Date | Aug 6, 2026 |
| Volume | 3,721,322 |
| Open | 34.14 |
| Previous Close | 34.00 |
| Day's Range | 32.17 - 34.25 |
| 52-Week Range | 31.63 - 41.44 |
| Beta | 0.56 |
| Analysts | Sell |
| Price Target | 37.50 (+16.24%) |
| Est. Earnings | Nov 2, 2026 |
About HESM
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 ga... [Read more]
Financial Performance
In 2025, Hess Midstream LP's revenue was $1.62 billion, an increase of 8.41% compared to the previous year's $1.50 billion. Earnings were $352.90 million, an increase of 58.18%.
Financial StatementsAnalyst Summary
According to 7 analysts, the average rating for HESM stock is "Sell." The 12-month stock price target is $37.5, which is an increase of 16.24% from the latest price.
News
Hess Midstream Stock Plunges, but the Chevron Deal Has a Silver Lining
Hess Midstream's deal with Chevron means lower earnings but also longer contracts, fewer shares outstanding, and expansion into a second region.
Hess Midstream LP falls -15.6%
Hess Midstream LP (HESM) is down -15.6%, or -$6.02 to $32.67.
Hess Midstream LP Transcript: M&A announcement
The agreement combines Bakken operations with DJ Basin assets, extends Chevron contracts through 2045, and reduces unit count by ~40% as Chevron exits ownership. The independent platform expects ~70% revenue downside protection and targets disciplined growth while sustaining distributions.
Hess Midstream LP Press release: M&A announcement
Hess Midstream LP issued a press release on October 7, 2026, disclosing material business information to investors.
Hess Midstream LP Slides: M&A announcement
Hess Midstream LP has posted slides in relation to its latest quarterly earnings report, which was published on October 7, 2026.
Hess Midstream LP falls -15.5%
Hess Midstream LP (HESM) is down -15.5%, or -$5.99 to $32.70.
Hess Midstream LP sees FY26 adjusted EBITDA $1.225B-$1.25B
Hess Midstream is updating its FY26 financial guidance and now sees FY26 adjusted EBITDA $1.225B-$1.25B and FY26 adjusted free cash flow of 910M-$935M.
Hess Midstream LP sees FY27 adjusted EBITDA $850M-$950M
Hess Midstream LP (HESM) provided preliminary financial guidance for FY27 after giving effect to the transaction, including expected adjusted EBITDA of approximately $850M-$950M, with expected gross a...
Chevron to divest ownership interests in Hess Midstream, DJ Basin crude assets
Chevron (CVX) announced that several of its subsidiaries have entered into a series of definitive agreements with Hess Midstream LP (HESM) to restructure the terms of its Bakken midstream contracts…
Chevron to divest ownership interests in Hess Midstream and DJ Basin crude midstream assets
Chevron said on Tuesday that several of its subsidiaries signed agreements with Hess Midstream to restructure their Bakken midstream contracts and create new midstream contracts in the D...
Hess Midstream LP Announces Transformative Transaction Leading to New Independent Multi-basin Midstream Company
HOUSTON--(BUSINESS WIRE)--HESS MIDSTREAM LP ANNOUNCES TRANSFORMATIVE TRANSACTION LEADING TO NEW INDEPENDENT MULTI-BASIN MIDSTREAM COMPANY.
Chevron to Divest its Ownership Interests in Hess Midstream and DJ Basin Crude Midstream Assets
HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) announced today that several of its subsidiaries have entered into a series of definitive agreements with Hess Midstream LP (NYSE: HESM) to re...
Hess Midstream LP downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Jeremy Tonet downgraded Hess Midstream LP (HESM) to Underweight from Neutral with an unchanged price target of $39. The company’s Bakken footprint and long-term, fee-based contracts “...
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Hess Midstream LP Slides: Investor presentation
Hess Midstream LP has posted slides in relation to its latest quarterly earnings report, which was published on August 11, 2026.
Hess Midstream LP Earnings Call Transcript: Q2 2026
Q2 2026 saw strong operational execution, higher net income, and robust EBITDA margins above targets. Guidance for 2026 remains unchanged, with higher second-half volumes and continued focus on shareholder returns and debt reduction.
Hess Midstream LP Earnings release: Q2 2026
Hess Midstream LP released its Q2 2026 earnings on August 3, 2026, summarizing the period's financial results.
Hess Midstream LP Quarterly report: Q2 2026
Hess Midstream LP has published its Q2 2026 quarterly earnings report on August 3, 2026.
Hess Midstream LP reports Q2 EPS 75c, consensus 67c
Reports Q2 revenue $399M, consensus $395.96M. “In the second quarter of 2026, we continued to progress our operational priorities, executing a safe and efficient maintenance program while delivering o...
Hess Midstream LP Reports Estimated Results for the Second Quarter of 2026
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream” or the “Company”) today reported second quarter 2026 net income of $173.7 million compared with net income of $179....
Hess Midstream LP raises quarterly cash distribution to 78.88c per share
Hess Midstream LP (HESM) announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.7888 per Class A share for the quarter ended June…
Hess Midstream LP Announces Distribution Per Share Level Increase
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP Announces Distribution Per Share Level Increase.
Hess Midstream LP price target raised to $39 from $38 at Morgan Stanley
Morgan Stanley raised the firm’s price target on Hess Midstream LP (HESM) to $39 from $38 and keeps an Underweight rating on the shares. The firm adjusted estimates and targets…
Hess Midstream LP Schedules Earnings Release Conference Call
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that it will hold a conference call on Monday, August 3, 2026, at 10:00 a.m. Eastern Time to discuss its sec...
