Energy -
Oil & Gas Midstream - NYSE - US
$ 41.28
2.43 %
$ 9 B
Market Cap
17.49
P/E
1. INTRINSIC VALUE
Balance Sheet
Hess Midstream LP
| Current Assets | 137 M |
| Cash & Short-Term Investments | 5.4 M |
| Receivables | 124 M |
| Other Current Assets | 7 M |
| Non-Current Assets | 3.65 B |
| Long-Term Investments | 90.2 M |
| PP&E | 3.23 B |
| Other Non-Current Assets | 333 M |
| Current Liabilities | 210 M |
| Accounts Payable | 79.7 M |
| Short-Term Debt | 12.5 M |
| Other Current Liabilities | 118 M |
| Non-Current Liabilities | 3.22 B |
| Long-Term Debt | 3.2 B |
| Other Non-Current Liabilities | 17.2 M |
EFFICIENCY
Earnings Waterfall
Hess Midstream LP
| Revenue | 1.35 B |
| Cost Of Revenue | 313 M |
| Gross Profit | 1.04 B |
| Operating Expenses | 219 M |
| Operating Income | 817 M |
| Other Expenses | 698 M |
| Net Income | 119 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Hess Midstream LP
| Net Income | 119 M |
| Depreciation & Amortization | 192 M |
| Capital Expenditures | -224 M |
| Stock-Based Compensation | 1.7 M |
| Change in Working Capital | 14.5 M |
| Others | 503 M |
| Free Cash Flow | 643 M |
Wall Street Analysts Price Targets
Hess Midstream LP
Wall Street analysts predict an average 1-year price target for HESM of $34.3 , with forecasts ranging from
a
low of
$34 to a high of $35 .
HESM Lowest Price Target
Wall Street Target
34 USD
-17.64%
HESM Average Price Target
Wall Street Target
34.3 USD
-16.83%
HESM Highest Price Target
Wall Street Target
35 USD
-15.21%
4. DIVIDEND
ANALYSIS
1.86%
DIVIDEND YIELD
0.685 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Hess Midstream LP
Sold
0-3 MONTHS
280 K USD 1
3-6 MONTHS
444 M USD 1
6-9 MONTHS
51 M USD 1
9-12 MONTHS
378 M USD 2
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
2 months ago
Nov 11, 2024
|
Sell 280 K
USD
|
Stein Jonathan C.
Chief Financial Officer
|
- 7923
|
35.32 USD |
|
3 months ago
Sep 20, 2024
|
Sell 444 M
USD
|
Global Infrastructure Investors II, LLC
director, 10 percent owner:
|
- 12650000
|
35.12 USD |
|
7 months ago
Jun 03, 2024
|
Sell 51 M
USD
|
Global Infrastructure Investors II, LLC
director, 10 percent owner:
|
- 1500000
|
34.025 USD |
|
10 months ago
Mar 13, 2024
|
Sell 79.8 K
USD
|
Gatling John A.
President and COO
|
- 2231
|
35.78 USD |
|
11 months ago
Feb 08, 2024
|
Sell 378 M
USD
|
Global Infrastructure Investors II, LLC
director, 10 percent owner:
|
- 11500000
|
32.83 USD |
|
1 year ago
Aug 22, 2023
|
Sell 42.9 M
USD
|
Global Infrastructure Investors II, LLC
director, 10 percent owner:
|
- 1500000
|
28.59 USD |
|
1 year ago
Aug 17, 2023
|
Sell 286 M
USD
|
Global Infrastructure Investors II, LLC
director, 10 percent owner:
|
- 10000000
|
28.59 USD |
|
1 year ago
May 19, 2023
|
Sell 167 M
USD
|
HESS CORP
director, 10 percent owner:
|
- 6382500
|
26.12 USD |
|
1 year ago
May 19, 2023
|
Sell 167 M
USD
|
Global Infrastructure Investors II, LLC
director, 10 percent owner:
|
- 6382500
|
26.12 USD |
|
1 year ago
Mar 13, 2023
|
Sell 83.8 K
USD
|
Gatling John A.
President and COO
|
- 3062
|
27.38 USD |
|
1 year ago
Mar 13, 2023
|
Sell 109 K
USD
|
Stein Jonathan C.
Chief Financial Officer
|
- 3973
|
27.38 USD |
|
1 year ago
Mar 09, 2023
|
Sell 63.3 K
USD
|
Stein Jonathan C.
Chief Financial Officer
|
- 2239
|
28.26 USD |
|
1 year ago
Mar 09, 2023
|
Sell 42.7 K
USD
|
Gatling John A.
President and COO
|
- 1512
|
28.26 USD |
|
2 years ago
May 06, 2022
|
Bought
100 K USD
|
Schoonman Geurt G
director:
|
+ 3249.493
|
30.77 USD |
|
2 years ago
Apr 04, 2022
|
Sell 146 M
USD
|
Hess Investments North Dakota LLC
director:
|
- 5117500
|
28.497 USD |
|
2 years ago
Apr 04, 2022
|
Sell 146 M
USD
|
Hess Investments North Dakota LLC
director:
|
- 5117500
|
28.497 USD |
|
2 years ago
Apr 04, 2022
|
Sell 146 M
USD
|
GIP II Blue Holding, L.P.
director:
|
- 5117500
|
28.497 USD |
|
2 years ago
Apr 04, 2022
|
Sell 146 M
USD
|
Global Infrastructure Investors II, LLC
director, 10 percent owner:
|
- 5117500
|
28.497 USD |
|
2 years ago
Mar 13, 2022
|
Sell 124 K
USD
|
Stein Jonathan C.
Chief Financial Officer
|
- 3973
|
31.14 USD |
|
2 years ago
Mar 13, 2022
|
Sell 76.4 K
USD
|
Gatling John A.
President and COO
|
- 2453
|
31.14 USD |
|
2 years ago
Mar 08, 2022
|
Sell 122 K
USD
|
Stein Jonathan C.
Chief Financial Officer
|
- 3770
|
32.41 USD |
|
2 years ago
Mar 09, 2022
|
Sell 58.3 K
USD
|
Gatling John A.
President and COO
|
- 1798
|
32.41 USD |
|
2 years ago
Mar 08, 2022
|
Sell 989 K
USD
|
Gatling John A.
President and COO
|
- 30489
|
32.44 USD |
|
3 years ago
Oct 08, 2021
|
Sell 108 M
USD
|
HESS CORP
director, 10 percent owner:
|
- 4312500
|
25.116 USD |
|
3 years ago
Oct 08, 2021
|
Sell 108 M
USD
|
Global Infrastructure Investors II, LLC
director, 10 percent owner:
|
- 4312500
|
25.116 USD |
|
3 years ago
May 14, 2021
|
Sell 1.53 M
USD
|
HESS JOHN B
Chairman and CEO
|
- 66009
|
23.17 USD |
|
3 years ago
May 13, 2021
|
Sell 754 K
USD
|
HESS JOHN B
Chairman and CEO
|
- 32625
|
23.1 USD |
|
3 years ago
May 13, 2021
|
Sell 1.01 M
USD
|
HESS JOHN B
Chairman and CEO
|
- 43500
|
23.11 USD |
|
3 years ago
May 17, 2021
|
Sell 2.74 M
USD
|
HESS JOHN B
Chairman and CEO
|
- 116416
|
23.55 USD |
|
3 years ago
Mar 15, 2021
|
Sell 69.9 M
USD
|
HESS CORP
director, 10 percent owner:
|
- 3450000
|
20.27 USD |
|
3 years ago
Mar 15, 2021
|
Sell 69.9 M
USD
|
Global Infrastructure Investors II, LLC
director, 10 percent owner:
|
- 3450000
|
20.27 USD |
|
3 years ago
Mar 16, 2021
|
Sell 79.8 K
USD
|
Stein Jonathan C.
Chief Financial Officer
|
- 3793
|
21.04 USD |
|
3 years ago
Mar 16, 2021
|
Sell 39.9 K
USD
|
Gatling John A.
President and COO
|
- 1895
|
21.04 USD |
|
3 years ago
Mar 09, 2021
|
Sell 60.1 K
USD
|
Stein Jonathan C.
Chief Financial Officer
|
- 2625
|
22.9 USD |
|
3 years ago
Mar 09, 2021
|
Sell 43.1 K
USD
|
Gatling John A.
President and COO
|
- 1882
|
22.9 USD |
|
4 years ago
Aug 14, 2020
|
Bought
20.1 K USD
|
Gatling John A.
President and COO
|
+ 1084
|
18.57 USD |
|
4 years ago
Apr 07, 2020
|
Sell 8.23 K
USD
|
Stein Jonathan C.
Chief Financial Officer
|
- 711
|
11.58 USD |
|
4 years ago
Mar 19, 2020
|
Bought
69.8 K USD
|
Letwin Stephen J J
Director
|
+ 10000
|
6.98 USD |
|
4 years ago
Mar 10, 2020
|
Sell 22.9 K
USD
|
Gatling John A.
President and COO
|
- 2066
|
11.07 USD |
|
4 years ago
Mar 10, 2020
|
Sell 29.9 K
USD
|
Stein Jonathan C.
Chief Financial Officer
|
- 2625
|
11.4 USD |
|
4 years ago
Mar 03, 2020
|
Bought
534 K USD
|
HESS JOHN B
Chairman and CEO
|
+ 27000
|
19.77 USD |
|
4 years ago
Mar 02, 2020
|
Bought
489 K USD
|
HESS JOHN B
Chairman and CEO
|
+ 25000
|
19.56 USD |
|
5 years ago
Apr 08, 2019
|
Sell 15.2 K
USD
|
Stein Jonathan C.
Chief Financial Officer
|
- 710
|
21.39 USD |
|
5 years ago
Mar 11, 2019
|
Sell 31.3 K
USD
|
Stein Jonathan C.
Chief Financial Officer
|
- 1381
|
22.63 USD |
|
6 years ago
Dec 26, 2018
|
Bought
203 K USD
|
Gatling John A.
Chief Operating Officer
|
+ 12000
|
16.9 USD |
|
6 years ago
Apr 06, 2018
|
Sell 9.39 K
USD
|
Stein Jonathan C.
Chief Financial Officer
|
- 493
|
19.05 USD |
|
6 years ago
Mar 16, 2018
|
Bought
101 K USD
|
Gatling John A.
Chief Operating Officer
|
+ 5100
|
19.75 USD |
|
7 years ago
Apr 10, 2017
|
Bought
460 K USD
|
RIELLY JOHN P
Vice President
|
+ 20000
|
23 USD |
|
7 years ago
Apr 10, 2017
|
Bought
345 K USD
|
Gatling John A.
Chief Operating Officer
|
+ 15000
|
23 USD |
|
7 years ago
Apr 10, 2017
|
Bought
288 K USD
|
Goodell Timothy B.
General Counsel and Secretary
|
+ 12500
|
23 USD |
|
7 years ago
Apr 10, 2017
|
Bought
200 K USD
|
Stein Jonathan C.
Chief Financial Officer
|
+ 8700
|
23 USD |
7. News
4 High-Yield Stocks With 7% and Higher Dividends Are 2025 Home Runs
Investors love dividend stocks, especially the high-yield variety, because they offer a significant income stream and have massive total return potential.
247wallst.com
- 3 weeks ago
Hess Midstream LP to Participate in Investor Conferences
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP TO PARTICIPATE IN INVESTOR CONFERENCES.
businesswire.com
- 1 month ago
Hess Midstream LP Publishes Sustainability Report
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) today announced publication of its 2023 Sustainability Report as part of its commitment to transparency about environmental, social and governance plans and performance. The report is available on the Hess Midstream website. Leading sustainability reporting frameworks were used to develop the Hess Midstream Sustainability Report including the Energy Infrastructure Council and GPA Midstream Association Environment, Social and Governance Re.
businesswire.com
- 1 month ago
Why 5 Ultra-High-Yield Dividend Energy MLPs Could Be Biggest Trump Trade Winners
Over the years, some have considered the energy trade an old-school relic.
247wallst.com
- 1 month ago
Hess Midstream LP to Participate in Wells Fargo Annual Midstream, Energy & Utilities Symposium
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP TO PARTICIPATE IN WELLS FARGO ANNUAL MIDSTREAM, ENERGY & UTILITIES SYMPOSIUM.
businesswire.com
- 1 month ago
16 Upcoming Dividend Increases
All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 5.2% and a median increase of 4.2%. There are sixteen increases for next week, up from six last week.
seekingalpha.com
- 2 months ago
Hess Midstream LP (HESM) Q3 2024 Earnings Call Transcript
Hess Midstream LP (NYSE:HESM ) Q3 2024 Results Conference Call October 30, 2024 12:00 PM ET Company Participants Jennifer Gordon - VP, IR John Gatling - President, COO Jonathan Stein - CFO Conference Call Participants Naomi Marfatia - UBS Jackie Koletas - Goldman Sachs Doug Irwin - Citi Noah Katz - JPMorgan Praneeth Satish - Wells Fargo Operator Good day, ladies and gentlemen, and welcome to the Third Quarter 2024 Hess Midstream Conference Call. My name is Gigi, and I'll be your operator for today.
seekingalpha.com
- 2 months ago
Hess Midstream LP Reports Estimated Results for the Third Quarter of 2024
HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream” or the "company") today reported third quarter 2024 net income of $164.7 million compared with net income of $164.8 million for the third quarter of 2023. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $58.6 million, or $0.63 basic earnings per Class A share, compared with $0.57 basic earnings per Class A share in the third quarter of 2023. Hess Midstream generated Adjusted EB.
businesswire.com
- 2 months ago
Hess Midstream LP Announces Distribution Per Share Level Increase
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP ANNOUNCES DISTRIBUTION PER SHARE LEVEL INCREASE.
businesswire.com
- 2 months ago
October's 5 Dividend Growth Stocks With 5.10%+ Yields
Dividend growth stocks can offer a passive way to grow your cash flow over time that can be used to pay the bills during retirement. We screen for some attractive names to consider, looking at dividend safety, growth and consistency, highlighting 5 that come with some of the highest yields. This month, we have 3 familiar names that make the screening regularly, but we also have 2 new names that we haven't touched on previously.
seekingalpha.com
- 3 months ago
3 Midstream Stocks Poised to Benefit as Geopolitical Tensions Rise
Geopolitical tensions hike oil prices, positioning midstream firms like EPD, MPLX and HESM to benefit from increased production and higher demand for transport and storage.
zacks.com
- 3 months ago
Hess Midstream LP Schedules Earnings Release Conference Call
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP SCHEDULES EARNINGS RELEASE CONFERENCE CALL.
businesswire.com
- 3 months ago
8. Profile
Summary
Hess Midstream LP HESM
COUNTRY
US
INDUSTRY
Oil & Gas Midstream
MARKET CAP
$ 9 B
Dividend Yield
1.86%
Description
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.
Contact
1501 McKinney Street, Houston, TX, 77010
https://www.hessmidstream.com
IPO
Date
April 5, 2017
Employees
176
Officers
Mr. John P. Rielly CPA
Vice President & Director of Hess Midstream GP LLC
Mr. John A. Gatling
President & Chief Operating Officer of Hess Midstream GP LLC
Mr. Michael Frailey
Vice President & Chief Commercial Officer of Hess Midstream GP LLC
Mr. Jonathan C. Stein
Chief Financial Officer of Hess Midstream GP LLC
Mr. Timothy B. Goodell J.D.
General Counsel & Secretary of Hess Midstream GP LLC
Jennifer Gordon
Director of Investor Relations
Mr. John B. Hess
Chairman & Chief Executive Officer of Hess Midstream GP LLC