Hess Midstream LP
HESM
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Hess Midstream LP operates in a stable industry with consistent demand for oil and gas transportation, positioning it well against competitors.
- Revenue increased by 2% compared to the prior quarter, reaching $398 million.
- Gross margin improved to 86.3%, up from 85% in the previous quarter.
- The company has a high debt-to-equity ratio of 948.45, indicating significant leverage and potential financial risk.
- Revenue growth has declined by 3.7% year-over-year, reflecting challenges in the market.
- The recommendation for HESM is 'underperform', suggesting a lack of confidence in its future performance.
Fundamentals
| Market cap | $7.01B | Enterprise value | $7.91B | Trailing P/E | 11.72 | Forward P/E | 10.95 |
| PEG | — | Price / book | 8.48 | Beta | 0.56 | Dividend yield | 9.08% |
| Revenue growth | -3.7% | Earnings growth | 1.4% | Gross margin | 77.5% | Operating margin | 63.5% |
| Profit margin | 23.2% | ROE | 1.5% | ROA | 14.4% | Debt / equity | 9.48 |
| Current ratio | 0.77 | Free cash flow | $499.41M | Analyst recommendation | underperform | Mean target | $37.50 |
| 52w high | $41.44 | 52w low | $31.63 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $398M | $389M | $403M | $420M | $414M | — |
| Op margin | 63.7% | 61.3% | 62.4% | 61.7% | 62.9% | — |
| Net income | $96.4M | $87.6M | $93.3M | $97.7M | $90.3M | — |
| Gross margin | 86.3% | 84.9% | 86.6% | 86.5% | 87.5% | — |
| Gross profit | $343M | $330M | $349M | $363M | $362M | — |
| Operating income | $253M | $238M | $252M | $259M | $260M | — |
- Revenue +2% vs prior quarter ($398M vs $389M).
- Gross margin 86.3% (was 85% prior quarter).
- Operating margin expanded to 63.7%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.5B | $1.3B | $1.3B | — |
| Op margin | 62.3% | 61.6% | 60.7% | 62.1% | — |
| Net income | $353M | $223M | $119M | $83.9M | — |
| Gross margin | 86.8% | 86.4% | 85.7% | 85.8% | — |
| Gross profit | $1.4B | $1.3B | $1.2B | $1.1B | — |
| Operating income | $1.0B | $919M | $817M | $791M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-08 · Is Hess Midstream (HESM) Undervalued Following Chevron's Deal And Revised Bakken Contracts?
2026-10-08 · Hess Midstream (HESM) Becomes Independent With DJ Basin Assets and New Ownership
2026-10-07 · Hess Midstream Stock Plunges, but the Chevron Deal Has a Silver Lining
2026-10-07 · Sector Update: Energy Stocks Softer Late Afternoon
2026-10-07 · Chevron's Bakken Restructuring to Improve Cost Structure, ROCE, UBS Says
2026-10-07 · Chevron Is Offloading Hess Midstream and Taking a $3 Billion to $4 Billion Hit. Here's What It Means for CVX Stock.
2026-10-07 · Top Midday Decliners
2026-10-07 · Hess Midstream Partners Goes Public-Only, Buys Chevron’s DJ Basin Assets
2026-10-07 · Sector Update: Energy Stocks Retreat in Afternoon Trading
2026-10-07 · Sector Update: Energy
2026-10-07 · Chevron's Bakken decision fixes a $3.7 billion debt problem
2026-10-07 · Hess Midstream shares fall 16% after Chevron agrees to transfer stake and assets
Price (daily)
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