Price History

Hover for the daily close. The dotted line marks the period open.

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HESM Key Statistics

As of Sep 4, 2026

Trading

Open: $39.80
Previous Close: $39.85
Day's Range: 39.36–40.05
52-Week Range: 31.63–41.44
Volume: 1.41M
Beta: 0.50

Valuation

Market Cap: $8.23B
P/E Ratio: 13.76
Forward P/E: 12.90
P/S ratio: 5.10
EPS (ttm): 2.90

Financials (FY)

Revenue (FY): $1.62B+8.40%
Net Income (FY): $352.90M+58.18%
Profit margin: 23.23%
Shares Outstanding: 128.35M
1-Year Return: +5.20%

Dividend and dates

Dividend: $3.09+7.75%
Ex-Dividend Date: August 6, 2026
Earnings Date: November 2, 2026
Avg Volume: 1.13M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

HESM Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

−20.37%+52.91%+23.06%

2017*201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+23.06%
2025	+0.56%
2024	+26.41%
2023	+14.37%
2022	+16.62%
2021	+52.91%
2020	−5.29%
2019	+43.83%
2018	−8.61%
2017 (partial year)	−20.37%

As of September 4, 2026.

HESM Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	$1.62B	$352.90M	21.8%
2024	$1.49B	$223.10M	15.0%
2023	$1.35B	$118.60M	8.8%
2022	$1.27B	$83.90M	6.6%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	$1.62B	$1.40B	$1.01B	$352.90M	21.8%
2024	$1.49B	$1.29B	$919.00M	$223.10M	15.0%
2023	$1.35B	$1.15B	$816.90M	$118.60M	8.8%
2022	$1.27B	$1.09B	$791.20M	$83.90M	6.6%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

HESM Dividend History

’17’18’19’20’21’22’23’24’25’26*

$2.90+10.0% vs 2024

Dividends per share, 2025 · 4 payments

Year	Dividends per share	Payments	Change
2026*	$2.33	3	—
2025	$2.90	4	+10.0%
2024	$2.64	4	+11.2%
2023	$2.37	4	+8.6%

Year	Dividends per share	Payments	Change
2026 (partial year)	$2.33	3	—
2025	$2.90	4	+10.0%
2024	$2.64	4	+11.2%
2023	$2.37	4	+8.6%
2022	$2.19	4	+14.2%
2021	$1.91	4	+10.3%
2020	$1.74	4	+11.1%
2019	$1.56	4	+14.9%
2018	$1.36	4	+133.7%
2017	$0.58	2	—

Most recent payment: $0.78 per share, ex-dividend August 6, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

HESM Valuation vs Oil & Gas Midstream Median

Median of 65 stocks

Metric	HESM	Oil & Gas Midstream median	vs median
P/E	13.76	15.54	11% below
P/S ratio	5.10	2.65	92% above
Profit margin	23.23%	20.00%	3.2 pts above

Medians across 65 Oil & Gas Midstream stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Hess Midstream LP (HESM) is capitalised at $8.23B on the latest close. The company sits in the Energy sector, in the Oil & Gas Midstream industry.

The most recent close on file for HESM is $39.91, dated September 4, 2026. That is +$0.06 (+0.15%) against the previous close. Over the past 52 weeks the price has ranged from $31.63 to $41.44. The latest close sits 26.18% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $1.62B. That is +8.40% against the prior fiscal year, when revenue was $1.49B. Net income for the same year was $352.90M. That is +58.18% against the prior fiscal year. Profit margin runs at 23.23%. That is 3.2 percentage points above the Oil & Gas Midstream median of 20%. Earnings per share on a trailing basis come to 2.9.

Across the 4 fiscal years on file, revenue moves from $1.27B in 2022 to $1.62B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 13.76. That is 11.45% below the Oil & Gas Midstream median of 15.54. The forward P/E on file is 12.9. The price-to-sales ratio is 5.1. On price-to-sales that is 92.23% above the Oil & Gas Midstream median of 2.65. The medians here are taken across 65 Oil & Gas Midstream companies that report the metric.

Over the trailing twelve months the price has returned +5.20%. Measured over 5 years, that is +17.19% a year compounded. Beta against the wider market is reported at 0.5. Daily returns over the trailing 9 years annualize to a volatility of 38.78%.

Growth & Income

The trailing dividend yield is 7.75%. That is 2.4 percentage points above the Oil & Gas Midstream median yield of 5.35%. At the indicated rate that is $3.09 a share a year. The ex-dividend date on file is August 6, 2026. Dividends are recorded for 10 calendar years; 2026 shows 3 payments totalling $2.33 a share. The year before, 2025, totalled $2.90 a share.

So far in 2026 the price is +23.06%. Across the complete calendar years on file, 2021 returned +52.91% and 2018 returned −8.61%. Of the 8 complete calendar years on file, 6 finished higher.

Peer Comparison

Hess Midstream LP (HESM) operates in the Oil & Gas Midstream industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Hess Midstream LP	HESM	$8.23B	13.8
Enbridge Inc.	ENB	$109.40B	26.9
The Williams Companies, Inc.	WMB	$90.70B	29.5
Enterprise Products Partners L.P.	EPD	$84.09B	13.6

The Oil & Gas Midstream industry average P/E ratio is 15.5x. Hess Midstream LP trades at a P/E of 13.8.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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ET

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About Hess Midstream LP

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.

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Hess Midstream LP (HESM) Stock Analysis