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Hess Midstream LP
Hess Midstream LP (HESM) is listed on NYSE and classified in Oil & Gas Midstream, part of the Energy sector. It is headquartered in Houston, United States. The company is worth $6.19B and trades at 10.7x its earnings of the last twelve months; the median for its sector is 14.7x. Revenue was $1.62B in fiscal 2025, up 8.4% from the year before. Net income was $352.9M. The share price is 27.5% below its 52-week high of $41.44. It pays a dividend yielding 10.29%, and has raised its annual dividend for 7 years in a row in our records. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $62.97M. In that quarter, 4 of them opened or added to the position and 1 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +23.8% over 5Y.
today you would have $1,795.01▲ +79.5%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $34.50 | $37.03 | $31.63 | $29.92 | |
| P/E | 14.9x | 12.1x | 14.9x | 15.2x | 14.9x |
| P/S | 2.1x | 2.8x | 2.6x | 1.6x | 1.0x |
| EPS | $2.86 | $2.49 | $2.08 | $2.01 | |
| Dividend yield | 7.40% | 8.41% | 7.13% | 7.51% |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 12.5% a year plus a 10.3% dividend yield. Growth capped at 25%.
Median P/E of 14.7 among peers in the sector.
Median P/E of 14.9 across this company’s own years on record.
Cash flow growing 12.5% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 8.2x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 5.5% a year against a 7.0% required return, from the stock’s beta.
Companies of similar size in Energy, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| MURMurphy Oil Corp | $42.37 | 21.3x | 1.2x | 3.30% | 6.46% | $6.07B |
| LBLandBridge Corp | $76.96 | 71.3x | 6.1x | 0.62% | 11.52% | $6.03B |
| VALValaris Ltd | $92.19 | 7.0x | 2.0x | 0.00% | 33.62% | $6.4B |
| SEISolaris Energy Infrastructure, Inc. | $58.61 |
| 7.30% |
| Payout | 107.35% | 101.50% | 105.98% | 114.13% | 108.71% |
| Profit margin | 11.88% | 21.82% | 14.95% | 8.81% | 6.59% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
7 methods answered, across 4 families.
Room for errors in the reported numbers.
+253.5% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 86.2x |
| 4.1x |
| 0.82% |
| 8.10% |
| $5.9B |
| PAGPPlains Gp Holdings LP | $27.93 | 63.5x | 3.5x | 5.98% | 8.31% | $6.51B |
| CVICvr Energy Inc | $58.63 | 86.2x | 11.2x | 0.68% | 24.25% | $5.89B |
