Hess Midstream Partners LP (HESM)

Currency in USD
40.54
-0.08(-0.20%)
Closed·
40.39-0.15(-0.37%)
·
High dividend Yield
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Fair Value
Day's Range
40.4940.98
52 wk Range
31.6342.22
Key Statistics
Prev. Close
40.62
Open
40.66
Day's Range
40.49-40.98
52 wk Range
31.63-42.22
Volume
894.68K
Average Volume (3m)
1.3M
1-Year Change
-3.0376%
Book Value / Share
4.01
Fair Value
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Fair Value Upside
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HESM Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
37.33
Downside
-7.91%
Members' Sentiments
Bearish
Bullish
ProTips
3 analysts have revised their earnings upwards for the upcoming period

Hess Midstream Partners LP News & Analysis

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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Buy
Technical Indicators
Strong Buy
Moving Averages
Buy

Analyst Ratings

0 Buy
5 Hold
2 Sell
Ratings:
7 analysts
Overall Consensus
Sell

Analysts 12-Month Price Target:

Average 37.33
(-7.91% Downside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Morgan Stanley
Sell39.00-3.80%38.00MaintainJul 21, 2026
Morgan Stanley
Hold38.00-6.27%42.00MaintainMay 12, 2026
Goldman Sachs
Sell32.00-21.07%-DowngradeApr 20, 2026
Morgan Stanley
Hold42.00+3.60%38.00MaintainApr 01, 2026
Wells Fargo
Hold40.00-1.33%39.00MaintainMar 13, 2026

Hess Midstream Partners LP Earnings Call Summary for Q2/2026

  • Hess Midstream reported Q2 2026 EPS of $0.75 on revenue of $399M, beating estimates of $0.69 and $396.46M with adjusted EBITDA rising to $314M.
  • Adjusted EBITDA margin held at 85%, well above 75% target, driven by cost control and lower operating expenses despite maintenance timing shifts.
  • Company maintained full-year guidance of $910M-$960M adjusted free cash flow and $1.225B-$1.275B EBITDA, expecting 20% growth at midpoint.
  • Management reduced revolving credit facility by $87M to $256M, targeting leverage decline from 3.0x to 2.5x net debt-to-EBITDA by 2028.
  • Q3 guidance set at $165M-$175M net income and $310M-$320M EBITDA, with volumes expected to grow 5% quarterly through Q4 despite weather risks.
Last Updated: 03/08/2026, 16:06
Read Full Transcript

Earnings

Latest Release
Aug 03, 2026
EPS / Forecast
0.75 / 0.69
Revenue / Forecast
399M / 396.46M
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 2.90%
Dividend Yield
7.77%
Industry Median 4.06%
Annualised payout
3.16
Paid quarterly
5-Years Growth
+10.84%
Growth Streak

HESM Income Statement

Compare HESM to Peers and Sector

Metrics to compare
HESM
Peers
Sector
Relationship
P/E Ratio
13.9x21.0x5.7x
PEG Ratio
1.790.950.00
Price/Book
16.2x3.8x1.1x
Price / LTM Sales
5.2x4.4x1.4x
Upside (Analyst Target)
−6.3%15.0%25.8%
Fair Value Upside
Unlock8.2%6.1%Unlock

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.

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
73.33M57.13%2.98B
Other Institutional Investors
44.99M35.06%1.83B
Public Companies & Retail Investors
10.03M7.81%407.27M
Total
128.35M100.00%5.21B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
ALPS Advisors, Inc.22.79%29,254,0741,188,300
ALPS ETF Trust - Alerian MLP ETF22.58%28,983,4251,177,307

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FAQ

What Is the Hess Midstream Partners (HESM) Stock Price Today?

The Hess Midstream Partners stock price today is 40.54 USD.

What Stock Exchange Does Hess Midstream Partners Trade On?

Hess Midstream Partners is listed and trades on the New York Stock Exchange.

What Is the Stock Symbol for Hess Midstream Partners?

The stock symbol for Hess Midstream Partners is "HESM."

What Is the Hess Midstream Partners (HESM) Afterhours Price Today? (Afterhours variable test: 40.39) Current Date: Aug 12, 2026

After hours price: 40.39. After hours price change (units): -0.15. Price change percentage: -0.37%

What Is the Hess Midstream Partners Market Cap?

As of today, Hess Midstream Partners market cap is 8.36B USD.

What Is Hess Midstream Partners's Earnings Per Share (TTM)?

The Hess Midstream Partners EPS (TTM) is 2.90.

When Is the Next Hess Midstream Partners Earnings Date?

Hess Midstream Partners will release its next earnings report on Oct 28, 2026.

From a Technical Analysis Perspective, Is HESM a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.

How Many Times Has Hess Midstream Partners Stock Split?

Hess Midstream Partners has split 0 times.

What is the current trading status of Hess Midstream Partners (HESM)?

As of Aug 12, 2026, Hess Midstream Partners (HESM) is trading at a price of 40.54 USD, with a previous close of 40.62 USD. The stock has fluctuated within a day range of 40.49 USD to 40.98 USD, while its 52-week range spans from 31.63 USD to 42.22 USD.

What Is Hess Midstream Partners (HESM) Price Target According to Analysts?

The average 12-month price target for Hess Midstream Partners is 37.33 USD, with a high estimate of 40 USD and a low estimate of 32 USD. 0 analysts recommend buying the stock, while 2 suggest selling, leading to an overall rating of Sell. The stock has an -7.91% Downside potential.

What Is the HESM Premarket Price?

HESM's last pre-market stock price is 40.75 USD. The pre-market share volume is 30.00, and the stock has decreased by 0.13, or 0.32%.

What Is the HESM After Hours Price?

HESM's last after hours stock price is 40.39 USD, the stock has decreased by -0.15, or -0.37%.
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