HESM - NYSE

Hess Midstream LP

HESM·NYSE

$38.47

-0.59%

EnergyOil & Gas Midstream

Hess Midstream LP owns, develops, operates, and acquires midstream assets. The company operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and compression; crude oil gathering systems; and produced water gathering and disposal facilities. Its gathering systems consists of approximately 1,350 miles of high and low pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 450 million cubic feet per day; and crude oil gathering system comprises approximately 550 miles of crude oil gathering pipelines. The Processing and Storage segment comprises Tioga Gas Plant, a natural gas processing and fractionation plant located in Tioga, North Dakota; a 50% interest in the Little Missouri 4 gas processing plant located in south of the Missouri River in McKenzie County, North Dakota; and Mentor Storage Terminal, a propane storage cavern and rail, and truck loading and unloading facility located in Mentor, Minnesota. The Terminaling and Export segment owns Ramberg terminal facility; Tioga rail terminal; and crude oil rail cars, as well as Johnson's Corner Header System, a crude oil pipeline header system. Hess Midstream LP was founded in 2014 and is based in Houston, Texas.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$7.95B

EPS2.8700

P/E Ratio13.40

Earnings Date07/29/2026

4.39B

Assets

3Y+22.0%

5Y+30.0%

10Y+70.0%

3.95B

Total Liabilities

3Y+29.0%

5Y+93.0%

10Y+519.0%

437.90M

Total Equity

-6%

3Y-17.0%

5Y-67.0%

10Y-77.0%

Hess Midstream LP Funding & Solvency Profile

HESM · NYSE

Current Assets

Cash & Cash Equivalents1.90M

Net Receivables150.20M

Inventory0.00

Other Current Assets6.90M

Total Current Assets159 M

Non-Current Assets

Property, Plant & Equipment0.00

Goodwill & Intangible Assets0.00

Long-Term Investments81.50M

Other Non-Current Assets4.15B

Total Non-Current Assets4 B

Total Assets

4.39B

Financial Health Analysis

Current Ratio

0.85x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

9.02x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

-28800000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

4% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Financial stress indicators: Both liquidity and leverage metrics raise concerns. The company may face challenges meeting obligations and should focus on strengthening its balance sheet.

Hess Midstream LP Balance Sheet

HESM • NYSE

Hess Midstream LP Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	1.9M	4.3M	5.4M	3.1M	2.2M	2.6M	3.3M	109.3M	47.2M	300K	0.0	0.0	0.0	0.0
Cash & Short-Term Investments	1.9M	4.3M	5.4M	3.1M	2.2M	2.6M	3.3M	109.3M	47.2M	300K	0.0	0.0	0.0	0.0
Net Receivables	150.2M	138.9M	124.4M	123M	120.3M	93.2M	87.6M	67.8M	59.8M	44.6M	51.9M	36.9M	8.3M	100K
Accounts Receivables	150.2M	138.9M	124.4M	123M	120.3M	93.2M	87.6M	67.3M	59.8M	44.6M	50.5M	33.4M	8.3M	100K
Other Receivables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	500K	0.0	0.0	1.4M	3.5M	0.0	0.0
Inventory	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-300K	500K	400K	300K	500K
Prepaids	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	2.6M	0.0	0.0	0.0
Other Current Assets	6.9M	6.2M	7M	6.2M	10.6M	5.6M	5M	3.3M	4.4M	2.8M	500K	1M	0.0	0.0
Total Current Assets	159M	149.4M	136.8M	132.3M	133.1M	101.4M	95.9M	180.4M	111.4M	47.4M	55.5M	38.3M	8.6M	600K
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	0.0	3.3B	3.2B	3.2B	3.1B	3.1B	3B	2.7B	2.5B	2.5B	2.3B	1.3B	1.3B	789.2M
Long-Term Investments	81.5M	87M	90.2M	93.9M	101.6M	108.4M	107.8M	67.3M	0.0	0.0	0.0	0.0	0.0	0.0
Tax Assets	0.0	582.6M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Current Assets	4.1B	6.6M	333.3M	189.2M	125.9M	53.4M	63.9M	8.2M	3.2M	8.4M	8.3M	4.3M	0.0	-789.2M
Total Non-Current Assets	4.2B	4B	3.7B	3.5B	3.4B	3.3B	3.2B	2.8B	2.5B	2.5B	2.3B	1.3B	1.3B	789.2M
Total Assets	4.4B	4.2B	3.8B	3.6B	3.5B	3.4B	3.3B	3B	2.6B	2.6B	2.4B	1.4B	1.3B	789.8M
LIABILITIES
CURRENT LIABILITIES
Total Payables	51.8M	89.4M	79.7M	62.7M	26.9M	30M	30.6M	18.6M	12.2M	28.8M	195.3M	6.5M	32.4M	32.5M
Accounts Payable	51.8M	89.4M	79.7M	62.7M	26.9M	30M	30.6M	18.6M	12.2M	28.8M	195.3M	6.5M	32.4M	32.5M
Accrued Expenses	0.0	80.1M	74.5M	69.5M	59.8M	50.4M	101.9M	49M	39.4M	31M	52M	13.5M	14.5M	96.8M
Short Term Debt	32.5M	22.5M	12.5M	2.5M	20M	10M	0.0	11.3M	0.0	0.0	0.0	1B	0.0	0.0
Tax Payables	0.0	13.4M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Revenue	0.0	0.0	0.0	0.0	0.0	0.0	0.0	85.6M	0.0	0.0	2M	71.3M	0.0	0.0
Other Current Liabilities	103.5M	27.3M	43.5M	24.8M	64.2M	34.6M	43.6M	59.2M	22.8M	272.2M	3.6M	59.3M	117.6M	1.1M
Total Current Liabilities	187.8M	219.3M	210.2M	159.5M	170.9M	125M	176.1M	138.1M	74.4M	634.2M	252.9M	1.1B	164.5M	130.4M
NON-CURRENT LIABILITIES
Long Term Debt	3.7B	3.4B	3.2B	2.9B	2.5B	1.9B	1.8B	969.8M	0.0	0.0	0.0	0.0	833.1M	422.8M
Deferred Tax Liabilities (Non-Current)	500K	500K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Current Liabilities	22.6M	16.5M	17.2M	16.6M	18.1M	23.4M	16M	7.2M	5.4M	4.3M	5.1M	1M	800K	800K
Total Non-Current Liabilities	3.8B	3.5B	3.2B	2.9B	2.6B	1.9B	1.8B	977M	5.4M	4.3M	5.1M	1M	833.9M	423.6M
Total Liabilities	4B	3.7B	3.4B	3.1B	2.7B	2B	1.9B	1.1B	79.8M	638.5M	258M	1.1B	998.4M	554M
SHAREHOLDERS' EQUITY
Common Stock	568.3M	530.7M	340.2M	245.1M	204.1M	125M	131.1M	501.9M	506M	2.2B	2.1B	275.6M	270.3M	235.8M
Accumulated Other Comprehensive Income/Loss	0.0	0.0	0.0	0.0	0.0	0.0	400K	1.2M	-604M	-490.9M	-385M	-206M	-161.6M	-149.5M
Other Total Stockholders' Equity	0.0	0.0	0.0	0.0	0.0	0.0	0.0	2.9B	2B	188.4M	385M	206M	161.6M	0.0
Total Stockholders' Equity	568.3M	530.7M	340.2M	245.1M	204.1M	125M	131.5M	3.4B	2.6B	1.9B	2.1B	275.6M	270.3M	235.8M
Total Equity	437.9M	465.3M	363.2M	529M	753.1M	1.3B	1.3B	4.8B	4.6B	1.9B	2.1B	275.6M	270.3M	235.8M
Minority Interest	-130.4M	-65.4M	23M	283.9M	549M	1.2B	1.2B	1.4B	2B	0.0	0.0	0.0	0.0	0.0
SUMMARY
Total Liabilities & Equity	4.4B	4.2B	3.8B	3.6B	3.5B	3.4B	3.3B	2.5B	2.1B	2.6B	2.4B	1.4B	1.3B	789.8M
Total Investments	81.5M	87M	90.2M	93.9M	101.6M	108.4M	107.8M	67.3M	0.0	0.0	0.0	0.0	0.0	0.0
Total Debt	3.8B	3.5B	3.2B	2.9B	2.6B	1.9B	1.8B	981.1M	0.0	0.0	0.0	1B	833.1M	422.8M
Net Debt	3.8B	3.5B	3.2B	2.9B	2.6B	1.9B	1.8B	871.8M	-47.2M	-300K	0.0	1B	833.1M	422.8M
Shares Outstanding	210,063,765	210,063,765	210,063,765	210,063,765	210,063,765	210,063,765	210,063,765	210,063,765	210,063,765	210,063,765	210,063,765	210,063,765	210,063,765	210,063,765

SEC Filings

HESM - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
10-Q 10-Q 2026 Q1 Q1	May 07, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 04, 2026	May 04, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 04, 2026	March 02, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 25, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 02, 2026	February 02, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 30, 2026	January 26, 2026	2026	View Filing
8-K 8-K 2025 N/A	December 09, 2025	December 04, 2025	2025	View Filing
10-Q 10-Q 2025 Q3 Q3	November 06, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	November 03, 2025	November 03, 2025	2025	View Filing
8-K 8-K 2025 N/A	September 05, 2025	September 04, 2025	2025	View Filing

Showing 1 to 10 of 94 filings

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