Hess Midstream Partners LP

Hess Midstream Partners LP

HESM · NYSE · Energy / Oil & Gas Midstream

30.95USD+0.37 (+1.21%)

Price History

Full chart

Market Stats

Previous Close30.58
Open30.96
Day Range30.76 – 31.11
52-Week Range28.78 – 40.28
Volume1.66M
Market Cap6.18B
P/E (TTM)10.26
Forward P/E9.91
EPS2.92
Dividend Yield10.66%
Beta0.65
50-Day Avg35.72
200-Day Avg37.89

About

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.

Company Details

  • SectorEnergy
  • IndustryOil & Gas Midstream
  • CEOMr. Jonathan C. Stein
  • Employees0
  • Headquarters1400 Smith Street, Houston, TX, United States, 77002, USA
  • Websitehttps://www.hessmidstream.com

Leadership

  • Mr. Jonathan C. SteinChief Executive Officer of Hess Midstream GP LLC · b. 1969
  • Mr. Michael S. BastPresident & Chief Operating Officer of Hess Midstream GP LLC · b. 1977
  • Mr. Michael James ChadwickChief Financial Officer of Hess Midstream GP LLC · b. 1973
  • Ms. Gabriela Betsabe Boersner NogueraGeneral Counsel & Secretary of Hess Midstream GP LLC · b. 1976
  • Jennifer GordonVice President of Investor Relations of Hess Midstream GP LLC

Financials

Income Statement

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue169.70M269.70M254.80M565.10M509.80M565.80M712.00M847.60M1.09B1.20B1.27B1.35B1.49B1.62B
Growth (%)-+58.93%-5.52%+121.78%-9.79%+10.98%+25.84%+19.04%+28.79%+10.28%+5.77%+5.73%+10.83%+8.40%
Cost of Revenue101.70M202.80M44.40M86.10M99.70M113.10M126.90M142.50M156.90M165.60M181.30M192.50M203.10M214.10M
Gross Profit68.00M66.90M210.40M479.00M410.10M452.70M585.10M705.10M934.70M1.04B1.09B1.15B1.29B1.40B
Gross Margin40.07%24.81%82.57%84.76%80.44%80.01%82.18%83.19%85.63%86.24%85.76%85.70%86.39%86.76%
Operating Expense141.90M230.70M175.60M284.10M203.80M166.50M206.90M328.50M358.20M311.00M300.70M336.70M369.80M395.00M
Operating Income-73.90M-163.80M34.80M194.90M206.30M286.20M378.20M376.60M576.50M727.20M791.20M816.90M919.00M1.01B
Operating Margin-43.55%-60.73%13.66%34.49%40.47%50.58%53.12%44.43%52.81%60.41%62.14%60.69%61.60%62.34%
EBITDA-59.60M-151.30M79.20M281.00M306.00M399.30M505.70M522.50M743.60M903.40M977.80M1.02B1.14B1.24B
EBITDA Margin-35.12%-56.10%31.08%49.73%60.02%70.57%71.03%61.64%68.12%75.05%76.80%75.56%76.15%76.56%
Net Income-73.90M-163.80M32.90M193.40M204.90M41.20M69.10M70.10M24.00M46.40M83.90M118.60M223.10M352.90M
Net Income Margin-43.55%-60.73%12.91%34.22%40.19%7.28%9.71%8.27%2.20%3.85%6.59%8.81%14.95%21.82%
R&D-----00-------
R&D as % of Total Revenue-----0.00%0.00%-------
Interest Expense001.90M1.50M1.40M1.40M53.30M62.40M94.70M105.40M149.30M179.00M202.20M225.60M
Interest Expense % of Total Revenue0.00%0.00%0.75%0.27%0.27%0.25%7.49%7.36%8.68%8.76%11.73%13.30%13.55%13.95%

Balance Sheet

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets789.80M1.27B1.37B2.36B2.57B2.64B2.99B3.28B3.37B3.49B3.59B3.79B4.15B4.39B
Total Liabilities554.00M998.40M1.10B258.00M638.50M79.80M1.12B1.95B2.05B2.73B3.06B3.43B3.69B3.95B
Total Equity235.80M270.30M275.60M2.10B1.94B2.56B3.44B1.33B125.00M204.10M245.10M340.20M530.70M568.30M
Cash---270.00K300.00K47.20M109.30M3.30M2.60M2.20M3.10M5.40M4.30M1.90M
Total Debt422.80M833.10M1.02B---981.10M1.75B1.91B2.56B2.89B3.21B3.47B3.77B
Net Debt422.80M833.10M1.02B--300.00K-47.20M871.80M1.75B1.91B2.56B2.88B3.21B3.47B3.77B

Cash Flow

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-53.30M-135.40M29.60M434.80M387.70M399.90M466.90M470.70M641.70M795.50M861.10M866.40M940.30M983.80M
Investing Cash Flow-347.50M-473.20M-187.80M-361.80M-263.60M-136.40M-307.60M-497.50M-301.00M-163.20M-238.20M-223.50M-306.10M-255.60M
Financing Cash Flow400.80M608.60M158.20M-73.00M-124.10M-216.60M-405.70M-79.20M-341.40M-632.70M-622.00M-640.60M-635.30M-730.60M
Capital Expenditure347.50M473.20M187.80M361.80M263.60M136.40M241.90M306.40M301.10M163.20M238.20M223.50M306.10M255.60M
Free Cash Flow-400.80M-608.60M-158.20M73.00M124.10M263.50M225.00M164.30M340.60M632.30M622.90M642.90M634.20M728.20M
Dividends Paid--27.60M339.10M306.90M477.10M396.10M85.40M31.60M49.40M91.00M127.50M235.30M350.20M
FCF to OCF751.97%449.48%-534.46%16.79%32.01%65.89%48.19%34.91%53.08%79.48%72.34%74.20%67.45%74.02%
Dividend Paid to FCF---17.45%464.52%247.30%181.06%176.04%51.98%9.28%7.81%14.61%19.83%37.10%48.09%

Earnings

Report DateMay 15, 2017Jul 27, 2017Oct 26, 2017Feb 5, 2018Apr 25, 2018Jul 25, 2018Oct 31, 2018Jan 30, 2019Apr 25, 2019Jul 31, 2019Oct 30, 2019Jan 29, 2020May 7, 2020Jul 29, 2020Oct 28, 2020Jan 27, 2021Apr 28, 2021Jul 28, 2021Oct 27, 2021Jan 26, 2022Apr 27, 2022Jul 27, 2022Oct 26, 2022Jan 25, 2023Apr 26, 2023Jul 26, 2023Nov 2, 2023Jan 31, 2024Apr 25, 2024Jul 31, 2024Oct 30, 2024Jan 29, 2025Apr 30, 2025Jul 30, 2025Nov 3, 2025Feb 2, 2026May 4, 2026Aug 3, 2026Oct 30, 2026Nov 2, 2026
EPS Estimate0.230.230.240.270.290.300.310.320.330.320.340.160.420.370.350.360.400.410.770.540.520.500.520.540.520.490.520.610.630.560.660.680.690.720.730.720.670.690.710.71
EPS Actual0.230.210.270.260.300.320.340.310.320.290.330.880.350.290.310.360.430.440.380.510.490.500.530.490.470.500.570.550.590.590.630.680.650.740.750.720.680.750.77-
Surprise0.13%-8.70%12.50%-3.70%3.45%6.67%9.68%-3.13%-3.03%-9.38%-2.94%450.00%-16.67%-21.62%-11.43%0.00%7.50%7.32%-50.65%-5.56%-5.77%0.00%1.92%-9.26%-9.62%2.04%9.62%-9.84%-6.35%5.36%-4.55%0.00%-5.80%2.78%2.74%0.00%1.49%8.70%8.45%-
TimingAfter-hoursPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap6.18B
Enterprise Value7.44B
Trailing P/E10.26
Forward P/E9.91
PEG Ratio1.57
Price / Sales3.85
Price / Book7.50
EPS2.92
Book Value4.00
Revenue (TTM)1.60B
Gross Profit (TTM)1.25B
EBITDA1.23B
Profit Margin23.49%
Operating Margin63.98%
Return on Equity163.28%
Return on Assets14.55%
Shares Outstanding128.35M
Shares Float127.59M
Beta0.65
Dividend Yield10.66%
Dividend Rate3.19
Payout Ratio107.21%

Analyst Ratings

Sell
Based on 7 analystsTarget 33.43
  • Buy
    1
  • Hold
    3
  • Sell
    1
  • Strong Sell
    2

Ownership Breakdown

Institutions
91.24%
Insiders
0.86%
Retail / Other
7.90%

Top Institutional Holders

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  • The Goldman Sachs Group Inc
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  • Amvescap Plc.
    7.54M5.87%
  • MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
    7.06M5.50%
  • Blackstone Inc
    5.79M4.51%
  • Bank of New York Mellon Corp
    4.72M3.68%
  • Tortoise Midstream Energy Fund, Inc.
    4.24M3.30%
  • Neuberger Berman Group LLC
    2.67M2.08%
  • TD Asset Management Inc
    1.98M1.55%
  • UBS Group AG
    1.97M1.54%
  • TD Global Investment Solutions – TD Epoch
    1.95M1.52%
  • JPMorgan Chase & Co
    1.91M1.49%
  • Two Sigma Investments LLC
    1.67M1.30%
  • Adage Capital Partners Gp LLC
    1.61M1.25%

Top Fund Holders

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    4.01M3.13%
  • Goldman Sachs MLP Energy Infras Instl
    3.56M2.77%
  • Invesco SteelPath MLP Income Y
    3.30M2.57%
  • Invesco SteelPath MLP Select 40 Y
    1.79M1.40%
  • Invesco SteelPath MLP Alpha Y
    1.60M1.25%

Dividends

20264×
0.80Nov 5, 20260.79Aug 6, 20260.78May 7, 20260.76Feb 5, 2026
20254×
0.75Nov 6, 20250.74Aug 7, 20250.71May 8, 20250.70Feb 6, 2025
20244×
0.68Nov 7, 20240.67Aug 8, 20240.65May 1, 20240.63Feb 7, 2024
20234×
0.62Nov 1, 20230.60Aug 2, 20230.59May 3, 20230.57Feb 1, 2023
20224×
0.56Nov 2, 20220.56Aug 3, 20220.55May 4, 20220.52Feb 2, 2022
20214×
0.51Nov 3, 20210.50Aug 6, 20210.45Apr 30, 20210.45Feb 3, 2021