Hess Midstream LP (HESM)
| Market Cap | 7.84B |
| Revenue (ttm) | 1.40B |
| Net Income (ttm) | 142.50M |
| Shares Out | 223.49M |
| EPS (ttm) | 2.20 |
| PE Ratio | 15.94 |
| Forward PE | 12.69 |
| Dividend | $2.61 (7.43%) |
| Ex-Dividend Date | May 1, 2024 |
| Volume | 617,549 |
| Open | 34.99 |
| Previous Close | 35.08 |
| Day's Range | 34.76 - 35.09 |
| 52-Week Range | 26.86 - 36.84 |
| Beta | 1.49 |
| Analysts | Buy |
| Price Target | 36.29 (+3.48%) |
| Earnings Date | Apr 25, 2024 |
About HESM
Hess Midstream LP owns, develops, operates, and acquires midstream assets and provide fee-based services to Hess 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 systems consists of approximately 1,410 miles of high and low pressure natural gas and natural gas liquids gathering pi... [Read more]
Financial Performance
In 2023, HESM's revenue was $1.35 billion, an increase of 5.76% compared to the previous year's $1.28 billion. Earnings were $118.60 million, an increase of 41.36%.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for HESM stock is "Buy." The 12-month stock price forecast is $36.29, which is an increase of 3.48% from the latest price.
News
Hess Midstream Operations LP Announces Pricing of Upsized Private Offering of Senior Notes Due 2029
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM OPERATIONS LP ANNOUNCES PRICING OF UPSIZED PRIVATE OFFERING OF SENIOR NOTES DUE 2029.
Hess Midstream Operations LP Announces Private Offering of Senior Notes Due 2029
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM OPERATIONS LP ANNOUNCES PRIVATE OFFERING OF SENIOR NOTES DUE 2029.
Hess Midstream LP to Participate in Investor Conferences
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP TO PARTICIPATE IN INVESTOR CONFERENCES.
Hess Midstream LP Reports Estimated Results for the First Quarter of 2024
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream” or the "company") today reported first quarter 2024 net income of $161.9 million compared with net income of $142.2...
Hess Midstream LP Announces Distribution Per Share Level Increase
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP ANNOUNCES DISTRIBUTION PER SHARE LEVEL INCREASE.
Hess Midstream LP Schedules Earnings Release Conference Call
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP SCHEDULES EARNINGS RELEASE CONFERENCE CALL.
Hess Midstream LP Announces Signing of Accretive $100 Million Sponsor Unit Repurchase
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP ANNOUNCES SIGNING OF ACCRETIVE $100 MILLION SPONSOR UNIT REPURCHASE.
Hess Midstream LP Announces Filing of 2023 Annual Report on Form 10-K
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP Announces Filing of 2023 Annual Report on Form 10-K.
Hess Midstream LP Announces Pricing of Secondary Public Offering of Class A Shares
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP Announces Pricing of Secondary Public Offering of Class A Shares.
Hess Midstream LP Announces Secondary Public Offering of Class A Shares
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP Announces Secondary Public Offering of Class A Shares.
Hess Midstream LP Announces Guidance, Increases and Extends Return of Capital Program Through 2026
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today provided financial and operational guidance and expectations. “We continue to execute our strategy of making...
Hess Midstream LP Reports Estimated Results for the Fourth Quarter of 2023
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported fourth quarter 2023 net income of $152.8 million compared with net income of $149.8 million for the...
Hess Midstream LP to Participate in UBS Global Energy & Utilities Winter Conference
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relati...
Hess Midstream LP Publishes Sustainability Report
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP PUBLISHES SUSTAINABILITY REPORT.
Hess Midstream LP Reports Estimated Results for the Third Quarter of 2023
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported third quarter 2023 net income of $164.8 million compared with net income of $159.4 million for the ...
Hess Midstream LP Reports Estimated Results for the Second Quarter of 2023
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported second quarter 2023 net income of $147.9 million compared with net income of $151.8 million for the...
Hess Midstream LP Announces Distribution Per Share Level Increase; Increases Quarterly Distribution
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP ANNOUNCES DISTRIBUTION PER SHARE LEVEL INCREASE; INCREASES QUARTERLY DISTRIBUTION.
Hess Midstream LP to Participate in J.P. Morgan Energy, Power & Renewables Conference
HOUSTON, Texas--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP TO PARTICIPATE IN J.P. MORGAN ENERGY, POWER & RENEWABLES CONFERENCE.
Hess Midstream LP Reports Estimated Results for the First Quarter Of 2023
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported first quarter 2023 net income of $142.2 million compared with net income of $159.6 million for the ...
Hess Midstream LP Announces Filing of 2022 Annual Report on Form 10-K
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP ANNOUNCES FILING OF 2022 ANNUAL REPORT ON FORM 10-K
Hess Midstream LP Announces 2023 Guidance and Return of Capital Framework Through 2025
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today provided 2023 financial and operational guidance and expectations for 2024 and 2025.
Hess Midstream LP Reports Estimated Results for the Fourth Quarter Of 2022
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported fourth quarter 2022 net income of $149.8 million compared with net income of $165.1 million for the fourth ...
Hess Midstream LP Announces Increased Quarterly Distribution
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.5696 per ...
Hess Midstream LP to Participate in Wells Fargo Midstream & Utilities Symposium
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that representatives of Hess Midstream will meet with investors at the Wells Fargo 21st Annual Midstream &...
Hess Midstream LP to Participate in Scotiabank Energy Infrastructure Conference
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, wil...