Hess Midstream Partners (HESM) Stock Price, News & Analysis

Company Overview

Hess Midstream Partners LP, formerly traded on the New York Stock Exchange under the ticker HESM, is a midstream energy partnership that owns, operates and develops crude oil, natural gas and produced water infrastructure in the Williston Basin. The company’s assets include crude oil gathering and transportation systems, saltwater disposal wells, natural gas processing and fractionation plants, and associated pipeline and storage facilities. Its integrated network is designed to support upstream production by providing gathering, processing, storage and marketing services for hydrocarbons and produced water.

Headquartered in Houston, Texas, Hess Midstream Partners primarily serves producers operating in North Dakota and Montana’s Bakken Shale region. The partnership’s crude oil pipelines connect major wellhead production areas to takeaway pipelines, rail terminals and storage facilities, while its gas processing plants fractionate natural gas liquids and ensure residue gas meets pipeline quality specifications. Saltwater disposal and recycling services help manage produced water volumes, enhancing operational efficiency for upstream operators.

Formed in 2014 as a master limited partnership by Hess Corporation, HESM was structured to capture the growth of Bakken production and to provide Hess and third-party producers with dedicated midstream services. Over its independent operating history, the partnership expanded its asset base through targeted capital investment and long-term agreements, strengthening its position in one of North America’s most prolific unconventional plays.

As a subsidiary of Hess Corporation, Hess Midstream Partners benefits from the parent company’s financial strength and technical expertise. Its management team comprises midstream specialists and engineers with extensive experience in infrastructure development, operations and project management. Governance is overseen by an independent board of directors and a leadership group focused on safe, reliable and sustainable service delivery.

Key Stats

• Today's Range: $40.45 to $41.33
• 50-Day Range: $37.90 to $43.51
• 52-Week Range: $33.59 to $44.14
• Volume: 922,449 shs
• Average Volume: 1.17 million shs
• Market Capitalization: $8.56 billion
• P/E Ratio: 15.09
• Dividend Yield: 7.24%
• Price Target: $46.20
• Consensus Rating: Moderate Buy

Hess Midstream Partners Stock Analysis - MarketRank™

Hess Midstream Partners scored higher than 81% of companies evaluated by MarketBeat, and ranked 54th out of 268 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Hess Midstream Partners has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

Upside Potential

Hess Midstream Partners has a consensus price target of $46.20, representing about 13.4% upside from its current price of $40.75.

Amount of Analyst Coverage

Hess Midstream Partners has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 17.20%

Earnings Growth

Earnings for Hess Midstream Partners are expected to grow by 17.20% in the coming year, from $2.50 to $2.93 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Hess Midstream Partners is 15.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 265.95.

Price to Earnings Ratio vs. Sector

The P/E ratio of Hess Midstream Partners is 15.09, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 36.55.

Price to Book Value per Share Ratio

Hess Midstream Partners has a P/B Ratio of 19.13. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.47% of the outstanding shares of Hess Midstream Partners have been sold short.

Short Interest Ratio / Days to Cover

Hess Midstream Partners has a short interest ratio ("days to cover") of 4.5.

Change versus previous month

Short interest in Hess Midstream Partners has recently decreased by 2.15%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Hess Midstream Partners is a leading dividend payer. It pays a dividend yield of 7.23%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Hess Midstream Partners has been increasing its dividend for 8 years.

Dividend Coverage

The dividend payout ratio of Hess Midstream Partners is 109.26%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Hess Midstream Partners will have a dividend payout ratio of 100.68% in the coming year. This indicates that Hess Midstream Partners may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.47% of the outstanding shares of Hess Midstream Partners have been sold short.

Short Interest Ratio / Days to Cover

Hess Midstream Partners has a short interest ratio ("days to cover") of 4.5.

Change versus previous month

Short interest in Hess Midstream Partners has recently decreased by 2.15%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 1.56

News Sentiment

Hess Midstream Partners has a news sentiment score of 1.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.82 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Hess Midstream Partners this week, compared to 7 articles on an average week.

Search Interest

Only 9 people have searched for HESM on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Hess Midstream Partners to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Hess Midstream Partners insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,724,623.00 in company stock.

Percentage Held by Institutions

98.97% of the stock of Hess Midstream Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HESM Stock Analysis - Frequently Asked Questions

How have HESM shares performed this year?

Hess Midstream Partners' stock was trading at $37.03 on January 1st, 2025. Since then, HESM shares have increased by 10.0% and is now trading at $40.7490.

How were Hess Midstream Partners' earnings last quarter?

Hess Midstream Partners LP (NYSE:HESM) announced its quarterly earnings data on Wednesday, July, 30th. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.18. The firm's quarterly revenue was up 13.3% compared to the same quarter last year.
Read the conference call transcript.

When did Hess Midstream Partners IPO?

Hess Midstream Partners (HESM) raised $250 million in an initial public offering on Wednesday, April 5th 2017. The company issued 12,500,000 shares at a price of $19.00-$21.00 per share. Goldman Sachs, Morgan Stanley, Citigroup, J.P. Morgan, MUFG and Wells Fargo Securities acted as the underwriters for the IPO and ING, Scotia, Howard Weil, SMBC Nikko, Barclays, HSBC and TD Securities were co-managers.

Who are Hess Midstream Partners' major shareholders?

Hess Midstream Partners' top institutional shareholders include Invesco Ltd. (2.79%), Kayne Anderson Capital Advisors LP (1.31%), TD Asset Management Inc (1.30%) and Epoch Investment Partners Inc. (1.28%). Insiders that own company stock include Jonathan C Stein, John A Gatling, Infrastructure Investor Global, Geurt G Schoonman, Corp Hess and Blackrock Portfolio Management.
View institutional ownership trends.

How do I buy shares of Hess Midstream Partners?

Shares of HESM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Hess Midstream Partners own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Hess Midstream Partners investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), Jabil (JBL) and e.l.f. Beauty (ELF).

Company Calendar

• Last Earnings: 7/30/2025
• Record date for 8/14 Dividend: 8/07/2025
• Ex-Dividend for 8/14 Dividend: 8/07/2025
• Dividend Payable: 8/14/2025
• Today: 9/06/2025
• Next Earnings (Estimated): 10/29/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Energy
• Industry: E&P MLP
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSE:HESM
• Previous Symbol: NASDAQ:HESM
• CIK: 1789832
• Web: www.hessmidstream.com
• Phone: (713) 496-4200
• Fax: N/A
• Employees: 200
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Hess Midstream Partners: $46.20
• High Price Target: $48.00
• Low Price Target: $44.00
• Potential Upside/Downside: +13.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): $2.70
• Trailing P/E Ratio: 15.09
• Forward P/E Ratio: 16.30
• P/E Growth: N/A
• Net Income: $223.10 million
• Net Margins: 18.52%
• Pretax Margin: 49.12%
• Return on Equity: 60.37%
• Return on Assets: 6.85%

Debt

• Debt-to-Equity Ratio: 7.26
• Current Ratio: 0.71
• Quick Ratio: 0.71

Sales & Book Value

• Annual Sales: $1.50 billion
• Price / Sales: 5.72
• Cash Flow: $2.00 per share
• Price / Cash Flow: 20.39
• Book Value: $2.13 per share
• Price / Book: 19.13

Miscellaneous

• Outstanding Shares: 210,060,000
• Free Float: N/A
• Market Cap: $8.56 billion
• Optionable: Optionable
• Beta: 0.68