Hess Midstream LP (HESM)

NYSE: HESM · Real-Time Price · USD
40.64
-0.62 (-1.50%)
At close: Feb 21, 2025, 4:00 PM
40.65
+0.01 (0.02%)
After-hours: Feb 21, 2025, 7:37 PM EST
-1.50%
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]

Sector Energy
Founded 2014
Employees 211
Stock Exchange NYSE
Ticker Symbol HESM
Full Company Profile

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 Statements

Analyst 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.

Price Target
$42.6
(4.82% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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.

11 days ago - Business Wire

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.

11 days ago - Business Wire

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12 days ago - Seeking Alpha

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.

18 days ago - Business Wire

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.

18 days ago - Business Wire

16 Upcoming Dividend Increases

Sixteen companies are boosting their dividends, with an average increase of 8.2%, signaling financial health and stability, particularly among regional banks. My investment strategy focuses on compani...

21 days ago - Seeking Alpha

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...

23 days ago - Seeking Alpha

MoneyShow's Best Investment Ideas For 2025: Part 7

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23 days ago - Seeking Alpha

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...

23 days ago - Business Wire

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....

23 days ago - Business Wire

Hess Midstream LP Announces Distribution Per Share Level Increase

HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP Announces Distribution Per Share Level Increase.

25 days ago - Business Wire

Hess Midstream LP Schedules Earnings Release Conference Call

HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP SCHEDULES EARNINGS RELEASE CONFERENCE CALL.

5 weeks ago - Business Wire

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...

5 weeks ago - Business Wire

Hess Midstream LP to Participate in Investor Conferences

HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP TO PARTICIPATE IN INVESTOR CONFERENCES.

2 months ago - Business Wire

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...

2 months ago - Business Wire

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.

2 months ago - Business Wire

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 ...

4 months ago - Seeking Alpha

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...

4 months ago - Business Wire

October's 5 Dividend Growth Stocks With 5.10%+ Yields

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4 months ago - Seeking Alpha

Midstream Energy - Relative Quality

Many midstream energy companies pay stable, well-supported distributions or dividends with yields well over 5%. The relative quality of twenty-nine midstream energy companies was evaluated by means of...

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5 months ago - Seeking Alpha

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.

6 months ago - Business Wire

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...

7 months ago - Seeking Alpha

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....

7 months ago - Business Wire

7 Upcoming Dividend Increases Including A King

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7 months ago - Seeking Alpha

Hess Midstream LP to Participate in August Investor Conferences

HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP TO PARTICIPATE IN AUGUST INVESTOR CONFERENCES.

7 months ago - Business Wire