Hess Midstream LP (HESM)
Market Cap | 8.22B |
Revenue (ttm) | 1.40B |
Net Income (ttm) | 142.50M |
Shares Out | 223.55M |
EPS (ttm) | 2.20 |
PE Ratio | 16.71 |
Forward PE | 12.88 |
Dividend | $2.61 (7.09%) |
Ex-Dividend Date | May 1, 2024 |
Volume | 513,315 |
Open | 36.92 |
Previous Close | 36.77 |
Day's Range | 36.61 - 37.16 |
52-Week Range | 27.57 - 37.16 |
Beta | 1.47 |
Analysts | Buy |
Price Target | 36.29 (-1.28%) |
Earnings Date | Jul 24, 2024 |
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 2023, HESM's revenue was $1.35 billion, an increase of 5.76% compared to the previous year's $1.28 billion. Earnings were $118.60 million, an increase of 41.36%.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for HESM stock is "Buy." The 12-month stock price forecast is $36.29, which is a decrease of -1.28% from the latest price.
News
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Hess Midstream LP Announces Signing of Accretive $100 Million Sponsor Unit Repurchase
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP ANNOUNCES SIGNING OF ACCRETIVE $100 MILLION SPONSOR UNIT REPURCHASE.
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Hess Midstream LP to Participate in J.P. Morgan Energy, Power & Renewables Conference
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP TO PARTICIPATE IN J.P. MORGAN ENERGY, POWER & RENEWABLES CONFERENCE.
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Hess Midstream LP Announces Pricing of Secondary Public Offering of Class A Shares
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP ANNOUNCES PRICING OF 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 Upsized Private Offering of Senior Notes Due 2029
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM OPERATIONS LP ANNOUNCES PRICING OF UPSIZED PRIVATE OFFERING OF SENIOR NOTES DUE 2029.
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Hess Midstream Operations LP Announces Private Offering of Senior Notes Due 2029
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM OPERATIONS LP ANNOUNCES PRIVATE OFFERING OF SENIOR NOTES DUE 2029.
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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 Reports Estimated Results for the First Quarter of 2024
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream” or the "company") today reported first quarter 2024 net income of $161.9 million compared with net income of $142.2...
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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 Filing of 2023 Annual Report on Form 10-K
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP Announces Filing of 2023 Annual Report on Form 10-K.
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Hess Midstream LP Announces Guidance, Increases and Extends Return of Capital Program Through 2026
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today provided financial and operational guidance and expectations. “We continue to execute our strategy of making...
![](https://cdn.snapi.dev/images/v1/f/p/press18-2252835.jpg)
Hess Midstream LP Reports Estimated Results for the Fourth Quarter of 2023
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported fourth quarter 2023 net income of $152.8 million compared with net income of $149.8 million for the...
![](https://cdn.snapi.dev/images/v1/d/m/press8-2202626.jpg)
Hess Midstream LP to Participate in UBS Global Energy & Utilities Winter Conference
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relati...
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Hess Midstream LP Publishes Sustainability Report
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP PUBLISHES SUSTAINABILITY REPORT.
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Hess Midstream LP Reports Estimated Results for the Third Quarter of 2023
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported third quarter 2023 net income of $164.8 million compared with net income of $159.4 million for the ...
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Hess Midstream LP Reports Estimated Results for the Second Quarter of 2023
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported second quarter 2023 net income of $147.9 million compared with net income of $151.8 million for the...
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Hess Midstream LP Announces Distribution Per Share Level Increase; Increases Quarterly Distribution
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP ANNOUNCES DISTRIBUTION PER SHARE LEVEL INCREASE; INCREASES QUARTERLY DISTRIBUTION.
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Hess Midstream LP Reports Estimated Results for the First Quarter Of 2023
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported first quarter 2023 net income of $142.2 million compared with net income of $159.6 million for the ...
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Hess Midstream LP Announces Filing of 2022 Annual Report on Form 10-K
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP ANNOUNCES FILING OF 2022 ANNUAL REPORT ON FORM 10-K
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Hess Midstream LP Announces 2023 Guidance and Return of Capital Framework Through 2025
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today provided 2023 financial and operational guidance and expectations for 2024 and 2025.
![](https://cdn.snapi.dev/images/v1/c/n/press6-1722067.jpg)
Hess Midstream LP Reports Estimated Results for the Fourth Quarter Of 2022
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported fourth quarter 2022 net income of $149.8 million compared with net income of $165.1 million for the fourth ...
![](https://cdn.snapi.dev/images/v1/k/z/press16-1719191.jpg)
Hess Midstream LP Announces Increased Quarterly Distribution
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.5696 per ...
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Hess Midstream LP to Participate in Wells Fargo Midstream & Utilities Symposium
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that representatives of Hess Midstream will meet with investors at the Wells Fargo 21st Annual Midstream &...
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Hess Midstream LP to Participate in Scotiabank Energy Infrastructure Conference
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, wil...