Hess Midstream LP (HESM)
Market Cap | 8.86B |
Revenue (ttm) | 1.50B |
Net Income (ttm) | 223.10M |
Shares Out | 218.00M |
EPS (ttm) | 2.49 |
PE Ratio | 16.32 |
Forward PE | 12.63 |
Dividend | $2.71 (6.66%) |
Ex-Dividend Date | Feb 6, 2025 |
Volume | 1,089,404 |
Open | 41.08 |
Previous Close | 41.26 |
Day's Range | 40.22 - 41.16 |
52-Week Range | 32.75 - 42.15 |
Beta | 1.50 |
Analysts | Buy |
Price Target | 42.60 (+4.82%) |
Earnings Date | Jan 29, 2025 |
About HESM
Hess Midstream LP owns, develops, operates, and acquires midstream assets and provide fee-based services to Hess 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 systems consists of approximately 1,410 miles of high and low pressure natural gas and natural gas liquids gathering pi... [Read more]
Financial Performance
In 2024, Hess Midstream LP's revenue was $1.50 billion, an increase of 10.89% compared to the previous year's $1.35 billion. Earnings were $223.10 million, an increase of 88.11%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for HESM stock is "Buy." The 12-month stock price forecast is $42.6, which is an increase of 4.82% from the latest price.
News
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Hess Midstream LP Announces Pricing of Upsized Secondary Public Offering of Class A Shares
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP ANNOUNCES PRICING OF UPSIZED SECONDARY PUBLIC OFFERING OF CLASS A SHARES.
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Hess Midstream LP Announces Secondary Public Offering of Class A Shares
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP ANNOUNCES SECONDARY PUBLIC OFFERING OF CLASS A SHARES.
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Hess Midstream Operations LP Announces Pricing of Private Offering of Senior Notes Due 2028
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM OPERATIONS LP ANNOUNCES PRICING OF PRIVATE OFFERING OF SENIOR NOTES DUE 2028.
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Hess Midstream Operations LP Announces Private Offering of Senior Notes Due 2028
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM OPERATIONS LP ANNOUNCES PRIVATE OFFERING OF SENIOR NOTES DUE 2028.
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Hess Midstream LP (HESM) Q4 2024 Earnings Call Transcript
Hess Midstream LP (NYSE:HESM) Q4 2024 Earnings Conference Call January 29, 2025 12:00 PM ET Company Participants Jennifer Gordon - VP, IR John Gatling - President, COO Jonathan Stein - CFO Conference...
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Hess Midstream LP Announces 2025 Guidance, Extends Return of Capital Program Through 2027
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today provided financial and operational guidance and expectations. “We continue to successfully execute our strat...
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Hess Midstream LP Reports Estimated Results for the Fourth Quarter of 2024
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream” or the "company") today reported fourth quarter 2024 net income of $172.1 million compared with net income of $152....
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Hess Midstream LP Announces Distribution Per Share Level Increase
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP Announces Distribution Per Share Level Increase.
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Hess Midstream LP Schedules Earnings Release Conference Call
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP SCHEDULES EARNINGS RELEASE CONFERENCE CALL.
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Hess Midstream LP Announces Signing of Accretive $100 Million Sponsor Unit Repurchase
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”), today announced the execution of a definitive agreement providing for the repurchase of approximately $100 millio...
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Hess Midstream LP to Participate in Investor Conferences
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP TO PARTICIPATE IN INVESTOR CONFERENCES.
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Hess Midstream LP Publishes Sustainability Report
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) today announced publication of its 2023 Sustainability Report as part of its commitment to transparency about environmental, social and governa...
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Hess Midstream LP to Participate in Wells Fargo Annual Midstream, Energy & Utilities Symposium
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP TO PARTICIPATE IN WELLS FARGO ANNUAL MIDSTREAM, ENERGY & UTILITIES SYMPOSIUM.
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Hess Midstream LP (HESM) Q3 2024 Earnings Call Transcript
Hess Midstream LP (NYSE:HESM) Q3 2024 Results Conference Call October 30, 2024 12:00 PM ET Company Participants Jennifer Gordon - VP, IR John Gatling - President, COO Jonathan Stein - CFO Conference ...
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Hess Midstream LP Reports Estimated Results for the Third Quarter of 2024
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream” or the "company") today reported third quarter 2024 net income of $164.7 million compared with net income of $164.8...
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Hess Midstream LP to Participate in Barclays CEO Energy-Power Conference
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP TO PARTICIPATE IN BARCLAYS CEO ENERGY-POWER CONFERENCE.
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Hess Midstream LP (HESM) Q2 2024 Earnings Call Transcript
Hess Midstream LP. (NYSE:HESM) Q2 2024 Earnings Conference Call July 31, 2024 12:00 PM ET Company Participants Jennifer Gordon - VP, IR John Gatling - President, COO Jonathan Stein - CFO Conference C...
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Hess Midstream LP Reports Estimated Results for the Second Quarter of 2024
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream” or the "company") today reported second quarter 2024 net income of $160.3 million compared with net income of $147....
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Hess Midstream LP to Participate in August Investor Conferences
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP TO PARTICIPATE IN AUGUST INVESTOR CONFERENCES.