Hess Midstream Partners LP

HESM · NYSE · Energy / Oil & Gas Midstream

$39.85-0.04 (-0.10%)

Close Sep 15, 2026 · end-of-day

Market Stats

Previous Close$39.89

Open$39.91

Day Range$39.59 – $40.14

52-Week Range$29.07 – $41.32

Volume1.03M

Market Cap$7.93B

P/E (TTM)13.27

Forward P/E9.91

EPS$2.9

Dividend Yield8.02%

Beta0.50

50-Day Avg$39.98

200-Day Avg$38.07

Price History

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About

Hess Midstream LP acquires, owns, operates, and develops midstream assets and provide fee-based services to sponsor, its subsidiaries, 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 system consists of approximately 1,430 miles of high- and low-pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 685 million cubic feet per day; crude oil gathering system comprises approximately 615 miles of crude oil gathering pipelines; and produces water gathering system that includes approximately 360 miles of pipelines in gathering systems. The Processing and Storage segment comprises Tioga Gas Plant, a natural gas processing and fractionation plant located in Tioga, North Dakota; Mentor Storage Terminal, a propane storage cavern and rail, and truck loading and unloading facility located in Mentor, Minnesota; and Terminaling and Export segment that owns Ramberg terminal facility, the Tioga rail terminal, crude oil rail cars, and other Dakota access pipeline connections, as well as Johnson's Corner Header System, a crude oil pipeline header system; and other DAPL connections. Hess Midstream LP was formerly known as Hess Midstream Partners LP and changed its name to Hess Midstream LP in December 2019. Hess Midstream LP was founded in 2014 and is based in Houston, Texas.

Company Details

Sector: Energy
Industry: Oil & Gas Midstream
CEO: Mr. Michael S. Bast
Employees: 0
Headquarters: 1400 Smith Street, Houston, TX, United States, 77002, USA
Website: https://www.hessmidstream.com

Leadership

Mr. Michael S. BastPresident & Chief Operating Officer of Hess Midstream GP LLC · b. 1977
Mr. Michael James ChadwickChief Financial Officer of Hess Midstream GP LLC · b. 1973
Ms. Gabriela Betsabe Boersner NogueraGeneral Counsel & Secretary of Hess Midstream GP LLC · b. 1976
Jennifer GordonVice President of Investor Relations of Hess Midstream GP LLC

Financials

Income Statement

Line item	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	$169.70M	$269.70M	$254.80M	$565.10M	$509.80M	$565.80M	$712.00M	$847.60M	$1.09B	$1.20B	$1.27B	$1.35B	$1.49B	$1.62B
Cost of Revenue	$101.70M	$202.80M	$44.40M	$86.10M	$99.70M	$113.10M	$126.90M	$142.50M	$156.90M	$165.60M	$181.30M	$192.50M	$203.10M	$214.10M
Gross Profit	$68.00M	$66.90M	$210.40M	$479.00M	$410.10M	$452.70M	$585.10M	$705.10M	$934.70M	$1.04B	$1.09B	$1.15B	$1.29B	$1.40B
Operating Income	$-73.90M	$-163.80M	$34.80M	$194.90M	$206.30M	$286.20M	$378.20M	$376.60M	$576.50M	$727.20M	$791.20M	$816.90M	$919.00M	$1.01B
EBITDA	$-59.60M	$-151.30M	$79.20M	$281.00M	$306.00M	$399.30M	$505.70M	$522.50M	$743.60M	$903.40M	$977.80M	$1.02B	$1.14B	$1.24B
Net Income	$-73.90M	$-163.80M	$32.90M	$193.40M	$204.90M	$41.20M	$69.10M	$70.10M	$24.00M	$46.40M	$83.90M	$118.60M	$223.10M	$352.90M
R&D	-	-	-	-	-	$0	$0	-	-	-	-	-	-	-
Interest Expense	$0	$0	$1.90M	$1.50M	$1.40M	$1.40M	$53.30M	$62.40M	$94.70M	$105.40M	$149.30M	$179.00M	$202.20M	$225.60M

Balance Sheet

Line item	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	$789.80M	$1.27B	$1.37B	$2.36B	$2.57B	$2.64B	$2.99B	$3.28B	$3.37B	$3.49B	$3.59B	$3.79B	$4.15B	$4.39B
Total Liabilities	$554.00M	$998.40M	$1.10B	$258.00M	$638.50M	$79.80M	$1.12B	$1.95B	$2.05B	$2.73B	$3.06B	$3.43B	$3.69B	$3.95B
Total Equity	$235.80M	$270.30M	$275.60M	$2.10B	$1.94B	$2.56B	$3.44B	$1.33B	$125.00M	$204.10M	$245.10M	$340.20M	$530.70M	$568.30M
Cash	-	-	-	$270.00K	$300.00K	$47.20M	$109.30M	$3.30M	$2.60M	$2.20M	$3.10M	$5.40M	$4.30M	$1.90M
Total Debt	$422.80M	$833.10M	$1.02B	-	-	-	$981.10M	$1.75B	$1.91B	$2.56B	$2.89B	$3.21B	$3.47B	$3.77B
Net Debt	$422.80M	$833.10M	$1.02B	-	$-300.00K	$-47.20M	$871.80M	$1.75B	$1.91B	$2.56B	$2.88B	$3.21B	$3.47B	$3.77B

Cash Flow

Line item	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	$-53.30M	$-135.40M	$29.60M	$434.80M	$387.70M	$399.90M	$466.90M	$470.70M	$641.70M	$795.50M	$861.10M	$866.40M	$940.30M	$983.80M
Investing Cash Flow	$-347.50M	$-473.20M	$-187.80M	$-361.80M	$-263.60M	$-136.40M	$-307.60M	$-497.50M	$-301.00M	$-163.20M	$-238.20M	$-223.50M	$-306.10M	$-255.60M
Financing Cash Flow	$400.80M	$608.60M	$158.20M	$-73.00M	$-124.10M	$-216.60M	$-405.70M	$-79.20M	$-341.40M	$-632.70M	$-622.00M	$-640.60M	$-635.30M	$-730.60M
Capital Expenditure	$347.50M	$473.20M	$187.80M	$361.80M	$263.60M	$136.40M	$241.90M	$306.40M	$301.10M	$163.20M	$238.20M	$223.50M	$306.10M	$255.60M
Free Cash Flow	$-400.80M	$-608.60M	$-158.20M	$73.00M	$124.10M	$263.50M	$225.00M	$164.30M	$340.60M	$632.30M	$622.90M	$642.90M	$634.20M	$728.20M
Dividends Paid	-	-	$27.60M	$339.10M	$306.90M	$477.10M	$396.10M	$85.40M	$31.60M	$49.40M	$91.00M	$127.50M	$235.30M	$350.20M

Earnings

Report Date	Nov 2, 2026	Aug 3, 2026	May 4, 2026	Feb 2, 2026	Nov 3, 2025	Jul 30, 2025	Apr 30, 2025	Jan 29, 2025	Oct 30, 2024	Jul 31, 2024	Apr 25, 2024	Jan 31, 2024	Nov 2, 2023	Jul 26, 2023	Apr 26, 2023	Jan 25, 2023	Oct 26, 2022	Jul 27, 2022	Apr 27, 2022	Jan 26, 2022	Oct 27, 2021	Jul 28, 2021	Apr 28, 2021	Jan 27, 2021	Oct 28, 2020	Jul 29, 2020	May 7, 2020	Jan 29, 2020	Oct 30, 2019	Jul 31, 2019	Apr 25, 2019	Jan 30, 2019	Oct 31, 2018	Jul 25, 2018	Apr 25, 2018	Feb 5, 2018	Oct 26, 2017	Jul 27, 2017	May 15, 2017
EPS Estimate	$0.74	$0.69	$0.67	$0.72	$0.73	$0.72	$0.69	$0.68	$0.66	$0.56	$0.63	$0.61	$0.52	$0.49	$0.52	$0.54	$0.52	$0.50	$0.52	$0.54	$0.77	$0.41	$0.40	$0.36	$0.35	$0.37	$0.42	$0.16	$0.34	$0.32	$0.33	$0.32	$0.31	$0.30	$0.29	$0.27	$0.24	$0.23	$0.23
EPS Actual	-	$0.75	$0.68	$0.72	$0.75	$0.74	$0.65	$0.68	$0.63	$0.59	$0.59	$0.55	$0.57	$0.50	$0.47	$0.49	$0.53	$0.50	$0.49	$0.51	$0.38	$0.44	$0.43	$0.36	$0.31	$0.29	$0.35	$0.88	$0.33	$0.29	$0.32	$0.31	$0.34	$0.32	$0.30	$0.26	$0.27	$0.21	$0.23
Surprise	-	8.70%	1.49%	0.00%	2.74%	2.78%	-5.80%	0.00%	-4.55%	5.36%	-6.35%	-9.84%	9.62%	2.04%	-9.62%	-9.26%	1.92%	0.00%	-5.77%	-5.56%	-50.65%	7.32%	7.50%	0.00%	-11.43%	-21.62%	-16.67%	450.00%	-2.94%	-9.38%	-3.03%	-3.13%	9.68%	6.67%	3.45%	-3.70%	12.50%	-8.70%	0.13%
Timing	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	Pre-market	Pre-market	After-hours

Key Statistics & Ratios

Market Cap: $7.93B
Enterprise Value: $8.65B
Trailing P/E: 13.27
Forward P/E: 9.91
PEG Ratio: 1.57
Price / Sales: 4.91
Price / Book: 9.67
EPS: $2.9
Book Value: $4.01
Revenue (TTM): $1.61B
Gross Profit (TTM): $1.25B
EBITDA: $1.23B
Profit Margin: 23.23%
Operating Margin: 63.46%
Return on Equity: 150.71%
Return on Assets: 14.43%
Shares Outstanding: 128.35M
Shares Float: 127.59M
Beta: 0.50
Dividend Yield: 8.02%
Dividend Rate: $3.09
Payout Ratio: 106.44%

Analyst Ratings

Buy

Based on 5 analystsTarget $37.5

Strong Buy
2
Buy
1
Hold
2

Ownership Breakdown

Institutions: 89.65%
Insiders: 0.86%
Retail / Other: 9.49%

Top Institutional Holders

ALPS Advisors Inc
29.25M22.79%
The Goldman Sachs Group Inc
7.95M6.19%
Blackstone Inc
7.77M6.05%
Amvescap Plc.
7.18M5.60%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
7.07M5.51%
Tortoise Midstream Energy Fund, Inc.
4.24M3.30%
Bank of New York Mellon Corp
3.75M2.92%
TD Global Investment Solutions – TD Epoch
2.08M1.62%
TD Asset Management Inc
1.98M1.55%
Neuberger Berman Group LLC
1.98M1.54%
UBS Group AG
1.96M1.53%
JPMorgan Chase & Co
1.84M1.43%
FMR Inc
1.73M1.35%
Morgan Stanley - Brokerage Accounts
1.72M1.34%

Top Fund Holders

Global X MLP ETF
5.40M4.21%
Goldman Sachs MLP Energy Infras Instl
3.50M2.72%
Invesco SteelPath MLP Income Y
3.30M2.57%
BNY Mellon Global Infras Inc ETF
3.10M2.42%
Tortoise Energy Infrastructure TR Ins
1.90M1.48%
Invesco SteelPath MLP Select 40 Y
1.79M1.40%

Dividends

20263×

$0.79Aug 6, 2026$0.78May 7, 2026$0.76Feb 5, 2026

20254×

$0.75Nov 6, 2025$0.74Aug 7, 2025$0.71May 8, 2025$0.70Feb 6, 2025

20244×

$0.68Nov 7, 2024$0.67Aug 8, 2024$0.65May 1, 2024$0.63Feb 7, 2024

20234×

$0.62Nov 1, 2023$0.60Aug 2, 2023$0.59May 3, 2023$0.57Feb 1, 2023

20224×

$0.56Nov 2, 2022$0.56Aug 3, 2022$0.55May 4, 2022$0.52Feb 2, 2022

20214×

$0.51Nov 3, 2021$0.50Aug 6, 2021$0.45Apr 30, 2021$0.45Feb 3, 2021

20201×

$0.44Nov 4, 2020