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Hess Midstream Partners LP

Company price
30.8 USD -0.12 ( 0.39%)
Last update at 2026-11-12T15:43:00Z
VOLUME
257305
Market Cap
8216.21M
P/E
13.74

Momentum Score

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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.

Source: TradingView
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Day Price Range
30.67
Low
31.04
High
52 Week Price Range
29.07
Low
41.32
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Hess Midstream Partners LP is a publicly traded master limited partnership that owns and operates midstream infrastructure, providing gathering, processing, transportation and storage services for crude oil and natural gas. Long-term growth may be driven by fee-based contracts and expansions tied to Hess Corporation’s upstream activity, which could support predictable, asset-backed cash flows that investors may find attractive.
Key investment risks include concentration with Hess as a counterparty, sensitivity of volumes to upstream production and commodity markets, regulatory and environmental exposure, and leverage or execution risk on capital projects.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
30.92
Dividend Yield
7.74%
Revenue TTM
1614.20M
Revenue Per Share
12.48
Gross Profit TTM
1251.80M
Debt / Equity
6.64
ROE
150.71%
Net Debt
3770.10M
ROCE
24.38%
Diluted EPS TTM
2.90

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 798.40M 730.80M 645.60M 647.20M 632.40M
Minority interest -331.70M -435.90M -501.80M -536.70M -571.40M
Net income 352.90M 223.10M 118.60M 620.60M 617.80M
Selling general administrative 28.50M 26.10M 26.20M 23.10M 22.70M
Gross profit 1403.10M 1288.80M 1153.60M 1093.90M 1038.20M
Reconciled depreciation 214.10M 203.10M 188.50M 181.30M 165.60M
Ebit 1024.00M 933.00M 824.60M 615.20M 727.20M
Ebitda 1238.10M 1136.10M 1017.10M 796.50M 903.40M
Depreciation and amortization 214.10M 203.10M 192.50M 181.30M 176.20M
Operating income 1008.10M 919.00M 816.90M 615.20M 727.20M
Other operating expenses 609.10M 572.90M 529.20M 484.00M 476.60M
Interest expense 225.60M 202.20M 179.00M 149.30M 105.40M
Tax provision 113.80M 71.80M 33.00M 26.60M 14.60M
Net interest income -225.60M -202.20M -171.90M -149.30M -105.40M
Income tax expense 113.80M 71.80M 37.90M 26.60M 14.60M
Total revenue 1617.20M 1491.90M 1346.10M 1275.20M 1203.80M
Total operating expenses 395.00M 369.80M 336.70M 302.70M 311.00M
Cost of revenue 214.10M 203.10M 192.50M 181.30M 165.60M
Total other income expense net -209.70M -188.20M -171.30M 32.00M -94.80M
Net income from continuing ops 684.60M 659.00M 604.70M 620.60M 617.80M
Net income applicable to common shares - - - 83.90M 46.40M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 4388.30M 4151.00M 3789.50M 3588.20M 3485.60M
Intangible assets - - 124.40M - -
Other current assets 6.90M 6.20M 7.00M 6.20M 10.60M
Total liab 3950.40M 3685.70M 3426.30M 3059.20M 2732.50M
Total stockholder equity 568.30M 530.70M 340.20M 529.00M 753.10M
Deferred long term liab - - - 9.50M 6.90M
Other current liab 97.10M 94.00M 118.00M 114.70M 10.20M
Common stock 568.30M 530.70M 340.20M 245.10M 204.10M
Retained earnings - - - 179.70M 95.80M
Other liab - - - 16.60M 18.10M
Other assets - - - 189.20M 125.90M
Cash 1.90M 4.30M 5.40M 3.10M 2.20M
Total current liabilities 187.80M 219.30M 210.20M 159.50M 170.90M
Current deferred revenue 6.40M - 117.40M 7.30M 76.20M
Net debt 3770.10M 3467.60M 3206.00M 2882.50M 2561.30M
Short term debt 32.50M 22.50M 12.50M 2.50M 20.00M
Short long term debt 32.50M 22.50M 12.50M 2.50M 20.00M
Short long term debt total 3772.00M 3471.90M 3211.40M 2885.60M 2563.50M
Other stockholder equity -146.00M 465.30M - 529.00M 753.10M
Property plant equipment - - - 3172.80M 3125.00M
Total current assets 159.00M 149.40M 136.80M 132.30M 133.10M
Long term investments 81.50M 87.00M 90.20M 93.90M 101.60M
Net tangible assets - - - 245.10M 135.70M
Short term investments - - 0.30M - -
Net receivables 150.20M 138.90M 124.40M 123.00M 120.30M
Long term debt 3739.50M 3449.40M 3198.90M 2883.10M 2543.50M
Accounts payable 51.80M 89.40M 79.70M 35.00M 64.50M
Accumulated other comprehensive income 572.50M - - - -
Non currrent assets other 4.10M 6.60M 333.30M 12.00M 7.80M
Non current assets total 4229.30M 4001.60M 3652.70M 3455.90M 3352.50M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -306.10M -221.60M -238.20M -163.20M
Change to liabilities - - - 2.30M 6.60M
Total cashflows from investing activities -255.60M -306.10M -223.50M -238.20M -163.20M
Net borrowings 300.50M 262.50M 319.50M 324.00M 660.00M
Total cash from financing activities -730.60M -635.30M -640.60M -622.00M -632.70M
Change to operating activities - - - 14.80M 2.40M
Net income 352.90M 659.00M 118.60M 620.60M 617.80M
Change in cash -2.40M -1.10M 2.30M 0.90M -0.40M
Begin period cash flow 4.30M 5.40M 3.10M 2.20M 2.60M
End period cash flow 1.90M 4.30M 5.40M 3.10M 2.20M
Total cash from operating activities 983.80M 940.30M 866.40M 861.10M 795.50M
Depreciation 214.10M 203.10M 192.50M 181.30M 165.60M
Dividends paid 350.20M 235.30M 127.50M -91.00M -49.40M
Change to account receivables -11.10M -14.40M -1.00M -2.60M -27.00M
Sale purchase of stock -400.00M -300.00M -400.00M -400.00M -750.00M
Other cashflows from financing activities -268.40M -362.50M -432.60M -121.00M -493.30M
Change to netincome - - - 572.60M 594.20M
Capital expenditures 255.60M 306.10M 223.50M 238.20M 163.20M
Change in working capital -49.80M -8.00M 14.50M 14.50M -18.00M
Stock based compensation 1.60M 1.80M 1.70M 1.60M 1.40M
Other non cash items 352.90M 12.80M 501.20M 16.50M 14.10M
Free cash flow 728.20M 634.20M 642.90M 622.90M 632.30M

Peer Comparison*

Sector: Energy Industry: Oil & Gas Midstream

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
HESM
Hess Midstream Partners LP
-0.12
0.39%
30.80 13.74 14.22 5.09 9.95 5.47 7.07
EBBNF
Enbridge Inc
-
-%
25.00 11.23 - 1.48 - - -
EPD
Enterprise Products Partners LP
0.61
1.64%
37.77 13.38 12.24 1.43 2.76 2.01 11.37
ENB
Enbridge Inc
0.28
0.58%
48.19 32.07 17.33 1.67 1.73 2.98 10.28
ET
Energy Transfer LP
0.14
0.74%
19.59 14.71 12.67 0.68 2.09 1.33 8.25

Profile*

Hess Midstream Partners 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.

1400 Smith Street, Houston, TX, United States, 77002

832 854 1000

Name Title Year Born
Mr. John B. Hess Chairman & CEO of Hess Midstream GP LLC 1954
Mr. John A. Gatling Pres & COO of Hess Midstream GP LLC 1974
Mr. Jonathan C. Stein Chief Financial Officer of Hess Midstream GP LLC 1969
Mr. Timothy B. Goodell Gen. Counsel & Sec. of Hess Midstream GP LLC 1957
Mr. John P. Rielly VP & Director of Hess Midstream GP LLC 1962
Jennifer Gordon Director of Investor Relations NA
Mr. Jonathan C. Stein Chief Executive Officer of Hess Midstream GP LLC 1969
Mr. Michael S. Bast President & Chief Operating Officer of Hess Midstream GP LLC 1977
Mr. Michael James Chadwick Chief Financial Officer of Hess Midstream GP LLC 1973
Ms. Gabriela Betsabe Boersner Noguera General Counsel & Secretary of Hess Midstream GP LLC 1976

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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