Hess Midstream LP (HESM)

NYSE: HESM · IEX Real-Time Price · USD
27.04
+0.27 (1.01%)
Mar 24, 2023, 4:00 PM EDT - Market closed
1.01%
Market Cap 6.49B
Revenue (ttm) 1.28B
Net Income (ttm) 83.90M
Shares Out 239.85M
EPS (ttm) 2.01
PE Ratio 13.45
Forward PE 12.95
Dividend $2.24 (8.27%)
Ex-Dividend Date Feb 1, 2023
Volume 211,253
Open 26.48
Previous Close 26.77
Day's Range 26.20 - 27.09
52-Week Range 24.33 - 34.99
Beta 1.59
Analysts Buy
Price Target 34.48 (+27.52%)
Earnings Date Apr 26, 2023

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; crude oil gathering systems; and produced water gathering and disposal facilities. Its gathering systems consists of approximately 1,350 miles of high and low pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 450 million cubic feet per day; and crude oil ... [Read more]

Sector Energy
Founded 2014
Employees 176
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 11 analysts, the average rating for HESM stock is "Buy." The 12-month stock price forecast is $34.48, which is an increase of 27.52% from the latest price.

Price Target
$34.48
(27.52% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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

3 weeks 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.

2 months 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 ...

2 months 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 ...

2 months ago - Business Wire

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 Wednesday, January 25, 2023, at 12:00 p.m. Eastern Time to discuss ...

2 months 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 &...

4 months ago - Business Wire

Hess Midstream LP Publishes Sustainability Report

HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) today announced publication of its 2021 Sustainability Report as part of its commitment to transparency about environmental, social and gover...

4 months 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...

4 months 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

5 months ago - Business Wire

Hess Midstream LP to Participate in Investor Conferences

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

7 months 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...

8 months ago - Business Wire

7 Best Mid-Cap Stocks to Buy Right Now

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9 months ago - InvestorPlace

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
9 months ago - MarketBeat

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

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

10 months ago - Business Wire

The 7 Best Retirement Stocks to Buy Right Now

Don't expect to find a lot of sexy growth stocks now. Look to solid income and solid growth you can invest in like these retirement stocks.

Other symbols: ALCOBCBPGLPOGEPANLSIRE
10 months ago - InvestorPlace

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 ...

11 months ago - Business Wire

Hess Midstream LP Increases Distribution Per Share Level by 5%, Reiterates Annual Targeted Distribution Growth Per Class A Share From New Level

HOUSTON--(BUSINESS WIRE)--Hess Midstream LP Increases Distribution Per Share Level by 5%, Reiterates Annual Targeted Distribution Growth Per Class a Share From New Level

11 months ago - Business Wire

Hess Midstream Operations LP Announces Pricing of Private Offering of Senior Notes Due 2030

HOUSTON--(BUSINESS WIRE)--Hess Midstream Operations LP Announces Pricing of Private Offering of Senior Notes Due 2030

1 year ago - Business Wire

Hess Midstream Operations LP Announces Private Offering of Senior Notes Due 2030

HOUSTON--(BUSINESS WIRE)--HESS MIDSTREAM OPERATIONS LP ANNOUNCES PRIVATE OFFERING OF SENIOR NOTES DUE 2030

1 year ago - Business Wire

Hess Midstream LP Announces Upsizing and Pricing of Secondary Public Offering of Class A Shares

HOUSTON--(BUSINESS WIRE)--Hess Midstream LP Announces Upsizing and Pricing of Secondary Public Offering of Class A Shares

1 year ago - Business Wire

Hess Midstream LP Announces Signing of Accretive $400 Million Sponsor Unit Repurchase

HOUSTON--(BUSINESS WIRE)--Hess Midstream LP Announces Signing of Accretive $400 Million Sponsor Unit Repurchase

1 year ago - Business Wire

Hess Midstream LP Announces Secondary Public Offering of Class A Shares

HOUSTON--(BUSINESS WIRE)--Hess Midstream LP Announces Secondary Public Offering of Class A Shares

1 year ago - Business Wire

How to Play the Rising Price of Oil

With the price of oil top of mind for many investors, let's take a look at how a couple of the energy stocks stack up in my Portfolio Grader. The post How to Play the Rising Price of Oil appeared firs...

Other symbols: XOM
1 year ago - InvestorPlace

Hess Midstream LP Announces Filing of 2021 Annual Report on Form 10-K

HOUSTON--(BUSINESS WIRE)--Hess Midstream LP Announces Filing of 2021 Annual Report on Form 10-K

1 year ago - Business Wire

Hess Midstream LP Reiterates First Quarter and 2022 Annual Guidance

HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reiterated its first quarter and full-year 2022 guidance, which includes approximately 95% minimum volume co...

1 year ago - Business Wire