Hess Midstream LP (HESM)

NYSE: HESM · IEX Real-Time Price · USD
33.98
-0.23 (-0.67%)
Feb 27, 2024, 11:35 AM EST - Market open
-0.67%
Market Cap 8.76B
Revenue (ttm) 1.31B
Net Income (ttm) 102.90M
Shares Out 255.98M
EPS (ttm) 2.03
PE Ratio 16.76
Forward PE 12.74
Dividend $2.54 (7.47%)
Ex-Dividend Date Feb 7, 2024
Volume 167,514
Open 34.15
Previous Close 34.21
Day's Range 33.89 - 34.39
52-Week Range 25.63 - 34.86
Beta 1.50
Analysts Buy
Price Target 34.83 (+2.5%)
Earnings Date Jan 31, 2024

About HESM

Hess Midstream LP owns, develops, operates, and acquires midstream assets. The company 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 1,380 miles of high and low pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 590 million cubic feet per day; crude ... [Read more]

Sector Energy
Founded 2014
Employees 199
Stock Exchange NYSE
Ticker Symbol HESM
Full Company Profile

Financial Performance

In 2022, HESM's revenue was $1.28 billion, an increase of 5.93% compared to the previous year's $1.20 billion. Earnings were $83.90 million, an increase of 80.82%.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for HESM stock is "Buy." The 12-month stock price forecast is $34.83, which is an increase of 2.50% from the latest price.

Price Target
$34.83
(2.50% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Hess Midstream LP to Participate in Investor Conferences

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

19 hours ago - Business Wire

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.

21 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.

21 days ago - Business Wire

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...

27 days ago - Business Wire

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...

27 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.

4 weeks ago - Business Wire

Hess Midstream LP Schedules Earnings Release Conference Call

HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP Schedules Earnings Release Conference Call.

6 weeks ago - Business Wire

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...

2 months ago - Business Wire

Hess Midstream LP Publishes Sustainability Report

HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP PUBLISHES SUSTAINABILITY REPORT.

2 months ago - Business Wire

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.

3 months ago - Business Wire

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 ...

4 months ago - Business Wire

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...

7 months ago - Business Wire

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.

7 months ago - Business Wire

Hess Midstream LP to Participate in J.P. Morgan Energy, Power & Renewables Conference

HOUSTON, Texas--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP TO PARTICIPATE IN J.P. MORGAN ENERGY, POWER & RENEWABLES CONFERENCE.

9 months ago - Business Wire

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 ...

10 months ago - Business Wire

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

1 year ago - Business Wire

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.

1 year ago - Business Wire

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 ...

1 year ago - Business Wire

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 ...

1 year ago - Business Wire

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 &...

1 year ago - Business Wire

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...

1 year ago - Business Wire

Hess Midstream LP Reports Estimated Results for the Third Quarter of 2022

HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP REPORTS ESTIMATED RESULTS FOR THE THIRD QUARTER OF 2022

1 year ago - Business Wire

Hess Midstream LP Reports Estimated Results for the Second Quarter Of 2022

HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported second quarter 2022 net income of $151.8 million compared with net income of $162.0 million for the...

1 year ago - Business Wire

Dividend-Paying Midstream Oil Companies That Could Help You The Mitigate Market Volatility

Midstream companies provide steady cashflow, and are less volatile than upstream companies.

Other symbols: CQP
1 year ago - MarketBeat

Hess Midstream LP Reports Estimated Results for the First Quarter Of 2022

HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported first quarter 2022 net income of $159.6 million compared with net income of $159.6 million for the ...

1 year ago - Business Wire