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Hess Midstream Partners (HESM) Stock Price & Analysis
HESM Stock Chart & Stats
- Day’s Range
- $31.55 - $32.76
- 52-Week Range
- $29.52 - $41.44
- Previous Close
- $32.70
- Volume
- N/A
- Average Volume (3M)
- 2.93M
- Market Cap
- $6.74B
- Enterprise Value
- $8.38B
- Total Cash (Recent Filing)
- $5.00M
- Total Debt (Recent Filing)
- $3.68B
- Price to Earnings (P/E)
- 10.9
- Beta
- 0.19
- Next Earnings
- Jan 27, 2027 (Est.)
- EPS Estimate
- 0.9
- Last Dividend Ex-Date
- Nov 05, 2026
- Dividend Yield
- 9.84%
Bulls Say, Bears Say
Bulls Say
Contracted Fee-Based Midstream Model
The fee-based model reduces direct commodity-price exposure and makes cash flows primarily dependent on contracted services and throughput. Long-term agreements with Hess provide commercial visibility, while dedicated infrastructure supports recurring revenue as Bakken production continues.
Strong Margins And Cash Generation
Very high operating margins and rising adjusted free cash flow indicate strong cash conversion and operating leverage. This financial capacity can support distributions, debt reduction and reinvestment, helping preserve shareholder returns while strengthening the business over the next several quarters.
Multi-Basin Expansion And Contract Durability
The DJ Basin acquisition broadens HESM beyond the Bakken and adds infrastructure tied to long-term fixed-fee commitments from investment-grade customers. Extended Bakken contracts, inflation-linked fees and minimum revenue commitments should improve revenue durability and support future scale.
Bears Say
Elevated Leverage
High leverage leaves HESM more exposed to refinancing conditions and interest-cost increases, which can absorb cash that might otherwise fund distributions, growth or debt reduction. The relatively small equity base magnifies balance-sheet sensitivity during weaker operating periods.
Sharp TTM Revenue Decline
The TTM revenue contraction weakens confidence in the current operating run rate despite strong profitability. If lower volumes or fees persist, reduced revenue could limit incremental cash-flow growth and make it harder for HESM to sustain recent expansion in earnings power.
Limited Near-Term EBITDA Growth And Volume Risk
Flat full-year EBITDA guidance indicates that efficiency gains and higher free cash flow are not currently translating into material operating-profit growth. Flat-to-lower oil throughput, maintenance phasing and weather or execution sensitivity could constrain results over coming quarters.
Hess Midstream Partners News
Robert Kad Maintains Sell Rating on Hess Midstream as Restructuring, Declining Volumes and Leverage Weigh on Growth; Price Target Unchanged at $30
Morgan Stanley analyst Robert Kad maintained a Sell rating on Hess Midstream Partners on October 30 and set a price target of $30.00. Robert Kad’s Sell rating is based on
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Hess Midstream Partners Stock Smart Score
Company Description
Hess Midstream Partners
Hess Midstream LP specializes in the ownership, development, operation, and acquisition of energy infrastructure assets positioned midstream in the value chain. The company organizes its business activities into three distinct operational segments: Gathering, Processing and Storage, and Terminaling and Export. The Gathering segment manages systems for the collection and compression of natural gas, the transportation of crude oil, and the disposal of produced water. This extensive network comprises approximately 1,350 miles of pipelines designed for both high and low-pressure natural gas and natural gas liquids, with a daily capacity of about 450 million cubic feet. Additionally, it features around 550 miles of crude oil gathering pipelines. Within the Processing and Storage segment, key assets include the Tioga Gas Plant, located in Tioga, North Dakota, which performs natural gas processing and fractionation. The company also holds a 50% ownership interest in the Little Missouri 4 gas processing plant, situated in McKenzie County, North Dakota, south of the Missouri River. Furthermore, this segment oversees the Mentor Storage Terminal in Mentor, Minnesota, a facility encompassing a propane storage cavern and capabilities for rail and truck loading and unloading. The Terminaling and Export division encompasses the Ramberg terminal facility, the Tioga rail terminal, and a fleet of crude oil rail cars. It also operates the Johnson's Corner Header System, which is a network of crude oil pipelines. Hess Midstream LP was founded in 2014 and maintains its principal offices in Houston, Texas.
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- CEO
- Jonathan C. Stein
- Employees
- 195
- Website
- www.hessmidstream.com
- Address
- 1501 McKinney Street, Houston, TX, 77002, US
Hess Midstream Partners (HESM) Earnings & Revenues
HESM Earnings Call
Earnings Call SentimentPositive
The call conveyed a generally positive operational and financial picture: strong margins (85%), reiterated robust adjusted free cash flow guidance (+20% YoY at midpoint), sequential net income and EBITDA improvement, active debt reduction and a clear plan to return excess cash to shareholders. Near-term headwinds include phased maintenance driving higher Q3 OpEx, a small sequential decline in adjusted free cash flow, and flat-to-lower oil throughput. Guidance is conservative on EBITDA due to weather and execution sensitivity, but capital efficiency and liquidity improvements underpin a constructive outlook.
View all HESM earnings summariesHESM Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 5 | 6 | 11 |
| Technical Analysis | 3 | 6 | 1 |
| Moving Averages | 2 | 0 | 10 |








