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Hess Midstream Partners LP (HESM)

US · Energy · Oil & Gas Midstream

$40.09+1.29%
Last close · 2026-09-17

Latest quarter · ended 2026-06-30

Revenue
$399.0M
Revenue YoY
-3.5%
Net profit
$96.4M
Profit YoY
+6.8%
EPS
$0.75
EPS estimate
$0.69
Net margin
24.2%

EPS came in at 0.75 against a street estimate of 0.69 — a beat of 8.7%.

Key statistics

Market cap
$8.24B
P/E
13.8
Forward P/E
14.2
P/B
9.97
Book value
$4.01
EPS (TTM)
$2.90
Dividend yield
7.68%
52-week high
$41.32
52-week low
$29.07
50-day MA
$39.88
200-day MA
$37.80
Beta
0.50

Analyst view

Analysts rate Hess Midstream Partners LP a buy (3 buy, 2 hold, 0 sell out of 5) with an average price target of $37.50.

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
89.58%

Largest institutional holders

FundStake
ALPS Advisors Inc22.79%
The Goldman Sachs Group Inc6.19%
Blackstone Inc6.05%
Amvescap Plc.5.60%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.5.51%
Tortoise Midstream Energy Fund, Inc.3.30%
Bank of New York Mellon Corp2.92%
TD Global Investment Solutions – TD Epoch1.62%

Recent filings & reports

DocumentDate
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
Annual report FY2025
HESS MIDSTREAM LP - 10-K SUMMARY FOR RETAIL INVESTORS HEADLINE NUMBERS • Market capitalization: $5.0 billion (based on non-affiliate holdings as of
2026-02-25
Results announced · Q1 2026
HESS MIDSTREAM LP – Q4 2025 RESULTS SUMMARY HEADLINE NUMBERS • Q4 2025 net income: $168.0 million (vs. $172.1 million in Q4 2024) • Net income attri
2026-02-02
Quarterly report · Q3 2025
HESS MIDSTREAM LP - 10-Q SUMMARY (Q3 2025) HEADLINE NUMBERS • Total revenues (9M 2025): $1,217.1 million vs. $1,099.6 million (9M 2024), +10.7% incr
2025-11-06

Readable in the app.

Corporate actions

ActionDetailDate
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
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
Q4 2025 net income and EBITDA guidance provided; capex reduced
Hess Midstream LP reported strong third quarter 2025 results with net income of $175.5 million and earnings per Class A share of $0.75, up from $0.63 in the prior year. The company generated
2025-11-03

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Data updated 2026-09-18.