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Hess Midstream Partners LP (HESM)

US · Energy · Oil & Gas Midstream

$29.96-1.12%
Last close · 2026-11-06

Latest quarter · ended 2026-09-30

Revenue
$410.1M
Revenue YoY
-2.3%
Net profit
$99.4M
Profit YoY
+1.7%
EPS
$0.77
EPS estimate
$0.71
Net margin
24.2%

EPS came in at 0.77 against a street estimate of 0.71 — a beat of 8.5%.

Key statistics

Market cap
$6.56B
P/E
10.9
Forward P/E
9.9
P/B
8.16
Book value
$4.01
EPS (TTM)
$2.92
Dividend yield
9.44%
52-week high
$40.28
52-week low
$28.78
50-day MA
$36.11
200-day MA
$37.94
Beta
0.65

Analyst view

Analysts rate Hess Midstream Partners LP a sell (1 buy, 3 hold, 3 sell out of 7) with an average price target of $33.43.

From the latest earnings call · 2026-08-03

CONFIDENT Q2 beat net income and EBITDA expectations. Strong 85% margin, flat volumes sequentially, 5%+ growth expected H2. Reaffirmed full-year $910–960M adjusted FCF guidance (20% YoY growth). Debt paydown ongoing; leverage targeting 2.5x by 2028. Q2 2026 Operations concentrated in Bakken; no geographic breakdown provided. Analysts pressed on margin sustainability, H2 volume drivers, and capital allocation. Management confirmed OpEx phasing benefits are temporary; volume growth near-term; leverage reduction systematic over next two years. 2026-08-03…

Full summary in the app.

Shareholding

Insiders
0.86%
Institutions
90.93%

Largest institutional holders

FundStake
ALPS Advisors Inc22.79%
The Goldman Sachs Group Inc6.54%
Amvescap Plc.5.87%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.5.50%
Blackstone Inc4.51%
Bank of New York Mellon Corp3.68%
Tortoise Midstream Energy Fund, Inc.3.30%
Neuberger Berman Group LLC2.08%

Recent filings & reports

DocumentDate
Quarterly report · Q3 2026
HEADLINE NUMBERS • Third-quarter 2026 revenue was $410.1 million, down from $420.9 million in the third quarter of 2025. • Third-quarter 2026 net in
2026-11-05
Results announced · Q4 2026
HEADLINE NUMBERS • Third-quarter 2026 net income was $179.1 million, versus $175.5 million in the third quarter of 2025. • Net income attributable t
2026-10-30
Material agreement · Q4 2026
HEADLINE NUMBERS • Hess Midstream LP signed an agreement on October 6, 2026, to acquire Chevron’s Denver Julesburg Basin (DJ Basin) midstream assets
2026-10-08
Quarterly report · Q2 2026
HESS MIDSTREAM LP – 10-Q SUMMARY (Q2 2026) HEADLINE NUMBERS • Total revenues: $399.0 million (Q2 2026) vs. $414.2 million (Q2 2025); $789.1 million
2026-08-06
Results announced · Q3 2026
HESS MIDSTREAM LP – Q2 2026 RESULTS SUMMARY HEADLINE NUMBERS • Net income: $173.7 million (Q2 2026) vs. $179.7 million (Q2 2025) • Net income attrib
2026-08-03
Quarterly report · Q1 2026
HESS MIDSTREAM LP – Q1 2026 10-Q SUMMARY HEADLINE NUMBERS • Total Revenues (Q1 2026): $390.1 million vs. $382.0 million (Q1 2025) — increase of $8.1
2026-05-07
Results announced · Q2 2026
HESS MIDSTREAM LP - Q1 2026 RESULTS SUMMARY HEADLINE NUMBERS • Net income: $157.7 million (Q1 2026) vs. $161.4 million (Q1 2025) • Net income attrib
2026-05-04
Material agreement · Q1 2026
HESS MIDSTREAM LP - 8-K SUMMARY (March 2, 2026) HEADLINE NUMBERS • Company repurchased 455,811 Class B units from Chevron subsidiary (Hess Investmen
2026-03-04

Readable in the app.

Corporate actions

ActionDetailDate
Dividend$0.80 / share
ex-date Nov 5, 2026 · pay Nov 13, 2026
2026-11-05
Dividend$0.79 / share
ex-date Aug 6, 2026 · pay Aug 14, 2026
2026-08-06
Dividend$0.78 / share
ex-date May 7, 2026 · pay May 14, 2026
2026-05-07
Dividend$0.76 / share
ex-date Feb 5, 2026 · pay Feb 13, 2026
2026-02-05
Dividend$0.75 / share
ex-date Nov 6, 2025 · pay Nov 14, 2025
2025-11-06

Deals & corporate news

AnnouncementDate
Company entered into a purchase agreement for a strategic transaction involving HESM
The filing mainly provides additional details about a previously announced purchase agreement and expected management changes. Four directors of GP LLC—Kristi McCarthy, Kristen Ghattas, Barb
2026-10-08
Updated 2026 capex guidance and increased free cash flow guidance
Hess Midstream LP reported solid Q1 2026 results with net income of $157.7 million and earnings per share of $0.68, up from $0.65 in Q1 2025. The company generated $299.8 million in Adjusted
2026-05-04
Unit repurchase agreement entered into on March 2, 2026
Hess Midstream LP announced on March 2, 2026, that it repurchased 455,811 Class B units from Hess Investments North Dakota LLC (a Chevron subsidiary) for approximately $18 million, or $39.49
2026-03-04

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Data updated 2026-11-07.