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.
Frequently asked questions
What sector does Hess Midstream LP (HESM) operate in?
Hess Midstream LP belongs to the Energy sector and operates in the Oil & Gas Midstream industry.
What is Hess Midstream LP (HESM) current stock price?
As of the latest data, Hess Midstream LP stock price is $40.29, with a previous close of $39.58. Hess Midstream LP gained $0.71 in the last trading session, representing a 1.79% increase.
What is Hess Midstream LP (HESM) current market capitalization?
Hess Midstream LP market cap is approximately 5.17 billion.
What is Hess Midstream LP (HESM) Earnings Per Share (EPS)?
The trailing EPS is $2.90, and the forward EPS is $2.94.
What is Hess Midstream LP (HESM) Price-to-Earnings (P/E) ratio?
Hess Midstream LP current P/E ratio is 13.89, with a forward P/E of 13.71.
What is Hess Midstream LP (HESM) EBITDA?
Hess Midstream LP EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is 301.50 million.
Does Hess Midstream LP (HESM) pay dividends?
Yes. Hess Midstream LP pays quarterly dividends with an annualized yield of 7.83% and an estimated annual payout of $3.16 per share.
When is the next ex-dividend date for Hess Midstream LP (HESM)?
The next ex-dividend date is scheduled for November 06, 2026.
How did Hess Midstream LP (HESM) perform in its most recent earnings report?
In the last report (June 30, 2026), Hess Midstream LP posted an EPS surprise of 8.7% and a revenue surprise of 0.77%.
What is Hess Midstream LP (HESM) beta (volatility) score?
Hess Midstream LP has a beta of 0.501, indicating lower volatility than the overall market.