NVDA+2.54%AAPL+1.32%GOOGL−1.62%MSFT+0.20%AMZN−0.10%TSM+1.60%SPCX+7.79%META+0.47%
StockVS

NYSE · Oil & Gas Midstream · USD

Hess Midstream LP (HESM) Stock Analysis

Hess Midstream LP (HESM) is a Oil & Gas Midstream stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

HESM

$31.07

+$0.40 (+1.30%)

Oct 21, 2026 · Market close

Compare

Price History

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

Compare HESM with… →

HESM Key Statistics

As of Oct 21, 2026
Trading
Open
$30.74
Previous Close
$30.67
Day's Range
30.85–31.38
52-Week Range
29.85–41.44
Volume
4.17M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.56
Valuation
Market Cap
$6.41B
P/E Ratio
10.71
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
10.94
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
3.97
EPS (ttm)Profit attributable to each share over the last twelve months.
2.90
Financials (FY)
Revenue (FY)
$1.62B+8.40%
Net Income (FY)
$352.90M+58.18%
Profit marginThe share of revenue left as profit after all costs and taxes.
23.23%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
128.35M
1-Year Return
+1.68%
Dividend and dates
Dividend
$3.09+10.06%
Ex-Dividend Date
August 6, 2026
Earnings Date
November 2, 2026
Avg Volume
1.73M

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

Key facts

As of October 21, 2026, HESM closed at $31.07, +1.68% over 1 year.

Hess Midstream LP (HESM) has a market capitalization of $6.41B.

In fiscal 2025, HESM reported revenue of $1.62B.

HESM Stock Return by Calendar Year

Hess Midstream LP (HESM) return since Apr 2017: what $10,000 became

1 year
$10,000 $10,168
+1.68%
5 years
$10,000 $17,219
+72.19%
Since Apr 2017
$10,000 $24,625
+146.25%

If you had invested $10,000 in Hess Midstream LP (HESM) at the close on April 5, 2017, the earliest close on record here, it would have been worth $24,625 at the close on October 21, 2026: +146.25% in total, +9.90% a year, with dividends reinvested, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

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

YearReturn
2026 (partial year)−4.19%
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 October 21, 2026.

HESM Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$1.62B$352.90M21.8%
2024$1.49B$223.10M15.0%
2023$1.35B$118.60M8.8%
2022$1.27B$83.90M6.6%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$1.62B$1.40B$1.01B$352.90M21.8%
2024$1.49B$1.29B$919.00M$223.10M15.0%
2023$1.35B$1.15B$816.90M$118.60M8.8%
2022$1.27B$1.09B$791.20M$83.90M6.6%

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

HESM Dividend History

$2.90+10.0% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$2.333—
2025$2.904+10.0%
2024$2.644+11.2%
2023$2.374+8.6%
YearDividends per sharePaymentsChange
2026 (partial year)$2.333—
2025$2.904+10.0%
2024$2.644+11.2%
2023$2.374+8.6%
2022$2.194+14.2%
2021$1.914+10.3%
2020$1.744+11.1%
2019$1.564+14.9%
2018$1.364+133.7%
2017$0.582—

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 63 stocks
MetricHESMOil & Gas Midstream medianvs median
P/E10.7114.1124% below
P/S ratio3.972.6748% above
Profit margin23.23%22.05%1.2 pts above

Medians across 63 Oil & Gas Midstream stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

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

Analysis

Data-derived

Company Overview

Hess Midstream LP (HESM) is capitalised at $6.41B 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 $31.07, dated October 21, 2026. That is +$0.40 (+1.30%) against the previous close. Over the past 52 weeks the price has ranged from $29.85 to $41.44. The latest close sits 4.09% 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 1.2 percentage points above the Oil & Gas Midstream median of 22.05%. 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 10.71. That is 24.1% below the Oil & Gas Midstream median of 14.11. The forward P/E on file is 10.94. The price-to-sales ratio is 3.97. On price-to-sales that is 48.47% above the Oil & Gas Midstream median of 2.67. The medians here are taken across 63 Oil & Gas Midstream companies that report the metric.

Over the trailing twelve months the total return is +1.68%. Measured over 5 years, that is +11.48% a year compounded. Beta against the wider market is reported at 0.56. Daily returns over the trailing 9 years annualize to a volatility of 39.12%.

Growth & Income

The trailing dividend yield is 10.06%. That is 4.7 percentage points above the Oil & Gas Midstream median yield of 5.41%. 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 total return is −4.19%. 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 $6.41B 10.7
Enbridge Inc. ENB $107.01B 25.7
The Williams Companies, Inc. WMB $89.05B 29.0
Enterprise Products Partners L.P. EPD $79.02B 12.7

The Oil & Gas Midstream industry average P/E ratio is 14.1x. Hess Midstream LP trades at a P/E of 10.7.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

Related Oil & Gas Midstream Stocks

ENB

Enbridge Inc.

$107.01B

 WMB

The Williams Companies, Inc.

$89.05B

 EPD

Enterprise Products Partners L.P.

$79.02B

 KMI

Kinder Morgan, Inc.

$75.64B

 ET

Energy Transfer LP

$69.31B

 TRP

TC Energy Corporation

$64.91B
View all Oil & Gas Midstream stocks →

Popular Energy Stocks

XOM

ExxonMobil Holdings Corporation

$732.29B

 CVX

Chevron Corporation

$444.85B

 SHEL

Shell plc

$299.69B

 TTE

TotalEnergies SE

$199.18B

 COP

ConocoPhillips

$175.00B
View all Energy stocks →

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.

Visit website →