HESM - Hess Midstream Partners LP Stock Price, Fair Value and News

35.67USD+0.34 (+0.96%)Market Closed

Market Summary

USD35.67+0.34

Market Closed

0.96%

HESM Stock Price

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HESM RSI Chart

HESM Valuation

Market Cap

2.8B

Price/Earnings (Trailing)

11.72

Price/Sales (Trailing)

2.09

EV/EBITDA

7.18

Price/Free Cashflow

4.39

HESM Price/Sales (Trailing)

HESM Profitability

EBT Margin

47.87%

Return on Assets

6.35%

Free Cashflow Yield

22.78%

HESM Fundamentals

HESM Revenue

Revenue (TTM)

1.3B

Rev. Growth (Yr)

13.32%

Rev. Growth (Qtr)

-1.82%

HESM Earnings

Earnings (TTM)

240.8M

Earnings Growth (Yr)

26.04%

Earnings Growth (Qtr)

-339.8%

Breaking Down HESM Revenue

Last 7 days

2.9%

Last 30 days

-1.1%

Last 90 days

6.5%

Trailing 12 Months

23.7%

How does HESM drawdown profile look like?

HESM Financial Health

Current Ratio

0.65

Debt/Cashflow

0.27

HESM Investor Care

Shares Dilution (1Y)

81.51%

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	1.3B	1.3B	1.3B	1.3B
2022	1.2B	1.2B	1.3B	1.3B
2021	1.1B	1.1B	1.2B	1.2B
2020	949.5M	1.0B	1.1B	1.1B
2019	735.8M	749.6M	780.7M	848.3M
2018	612.8M	646.1M	679.4M	712.7M
2017	0	0	0	579.5M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Hess Midstream Partners LP

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 14, 2024	global infrastructure investors ii, llc	sold	-	-	-3,515,020	-
Mar 14, 2024	hess infrastructure partners gp llc	sold	-	-	-3,515,020	-
Mar 14, 2024	hess corp	sold	-	-	-1,757,510	-
Mar 13, 2024	gatling john a.	sold	-79,825	35.78	-2,231	president and coo
Mar 08, 2024	niemiec david w	acquired	-	-	2,299	-
Mar 08, 2024	gatling john a.	acquired	-	-	9,154	president and coo
Mar 08, 2024	reddy j patrick	acquired	-	-	2,299	-
Mar 08, 2024	letwin stephen j j	acquired	-	-	2,299	-
Feb 08, 2024	global infrastructure investors ii, llc	sold	-	-	-11,500,000	-
Feb 08, 2024	global infrastructure investors ii, llc	acquired	-	-	11,500,000	-

Which funds bought or sold HESM recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	Stablepoint Partners, LLC	new	-	267,001	267,001	0.05%
Apr 23, 2024	RATIONAL ADVISORS LLC	sold off	-100	-5,695,240	-	-%
Apr 23, 2024	Venturi Wealth Management, LLC	reduced	-9.61	19,372	616,591	0.04%
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	added	2.14	205,587	1,438,590	-%
Apr 22, 2024	Raymond James Financial Services Advisors, Inc.	added	1.72	949,177	6,812,000	0.01%
Apr 19, 2024	Kovack Advisors, Inc.	sold off	-100	-221,410	-	-%
Apr 19, 2024	Teamwork Financial Advisors, LLC	reduced	-12.73	-1,605	507,349	0.08%
Apr 19, 2024	Maryland State Retirement & Pension System	added	18.72	538,201	2,356,290	0.05%
Apr 18, 2024	Hexagon Capital Partners LLC	added	40.53	9,399	24,930	0.01%
Apr 18, 2024	Allspring Global Investments Holdings, LLC	new	-	29,916	29,916	-%

Are Funds Buying or Selling HESM?

Are funds buying HESM calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own HESM

No. of Funds

Unveiling Hess Midstream Partners LP's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 15, 2024	gip ii blue holding, l.p.	43.3%	60,450,600	SC 13D/A
Mar 15, 2024	hess investments north dakota llc	1.1%	898,000	SC 13D/A
Mar 13, 2024	gip ii blue holding, l.p.	-	0	SC 13D/A
Mar 13, 2024	hess investments north dakota llc	-	0	SC 13D/A
Feb 14, 2024	energy income partners, llc	3.1%	2,145,054	SC 13G/A
Feb 14, 2024	ci investments inc.	2.87%	1,961,745	SC 13G/A
Feb 09, 2024	invesco ltd.	5.7%	3,927,068	SC 13G/A
Feb 09, 2024	tortoise capital advisors, l.l.c.	6.4%	4,390,759	SC 13G
Feb 08, 2024	gip ii blue holding, l.p.	44.1%	62,208,111	SC 13D/A
Feb 07, 2024	gip ii blue holding, l.p.	-	0	SC 13D/A

Recent SEC filings of Hess Midstream Partners LP

View All Filings

Date Filed	Form Type	Document
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 15, 2024	SC 13D/A	13D - Major Acquisition
Mar 15, 2024	SC 13D/A	13D - Major Acquisition
Mar 14, 2024	8-K	Current Report
Mar 13, 2024	144	Notice of Insider Sale Intent
Mar 13, 2024	4	Insider Trading
Mar 13, 2024	SC 13D/A	13D - Major Acquisition
Mar 13, 2024	SC 13D/A	13D - Major Acquisition

Peers (Alternatives to Hess Midstream Partners LP)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ENB	75.3B	43.6B	-0.06%	-10.12%	12.16	1.73	-18.12%	106.16%
EPD	62.7B	49.7B	0.17%	7.79%	11.34	1.26	-14.56%	0.77%
ET	53.5B	78.6B	2.06%	25.14%	13.59	0.68	-12.56%	-17.26%
KMI	41.8B	15.3B	3.82%	6.41%	17.01	2.74	-18.66%	-3.98%
LNG	37.3B	20.3B	-0.51%	4.00%	3.77	1.84	-39.46%	591.95%
PAA	12.7B	48.7B	5.49%	35.92%	10.29	0.26	-15.05%	18.61%
MID-CAP
AM	6.7B	1.0B	0.07%	36.13%	17.99	6.42	13.24%	13.96%
ENLC	6.2B	6.9B	3.03%	33.30%	29.91	0.89	-27.69%	-42.93%
ETRN	5.6B	1.4B	11.31%	170.63%	12.56	4.01	2.66%	265.30%
HESM	2.8B	1.3B	-1.12%	23.68%	11.72	2.09	5.76%	9.36%
INSW	2.6B	1.1B	2.06%	26.90%	4.74	2.46	23.95%	43.45%
SMALL-CAP
GLP	1.6B	16.5B	1.78%	51.65%	10.47	0.1	-12.64%	-57.90%
GEL	1.5B	3.2B	13.34%	13.34%	12.81	0.47	13.91%	56.01%
GPP	286.4M	82.4M	-4.55%	-4.48%	7.48	3.48	5.74%	-6.51%
MMLP	105.7M	734.3M	1.56%	2.77%	27.74	0.14	-25.40%	114.16%

Hess Midstream Partners LP News

Latest updates

Hess Midstream Partners LP Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-1.8%	357	363	324	305	315	335	313	312	316	304	295	289	267	265	270	291	254	215	190	190	186
Costs and Expenses	2.3%	146	143	126	116	118	131	118	117	116	145	109	106	112	128	138	138	163	116	99.00	94.00	-
Operating Expenses	-1.6%	88.00	89.00	73.00	63.00	66.00	80.00	68.00	67.00	67.00	98.00	64.00	60.00	67.00	84.00	95.00	92.00	93.00	72.00	58.00	54.00	-
S&GA Expenses	33.3%	8.00	6.00	6.00	6.00	6.00	6.00	5.00	6.00	6.00	5.00	5.00	6.00	5.00	4.00	4.00	8.00	33.00	8.00	6.00	6.00	-
EBITDA Margin	-1.7%	0.62*	0.63*	0.64*	0.64*	0.65*	0.66*	0.64*	0.66*	0.66*	0.66*	0.66*	0.63*	-	-	-	-	-	-	-	-	-
Income Taxes	4.4%	12.00	11.00	8.00	7.00	7.00	8.00	7.00	5.00	5.00	3.00	4.00	3.00	2.00	2.00	2.00	2.00	-	-	-	-	-
Earnings Before Taxes	-6.5%	165	176	156	149	157	167	159	165	171	134	166	162	134	118	110	131	75.00	87.00	74.00	81.00	-
EBT Margin	-1.9%	0.48*	0.49*	0.49*	0.50*	0.51*	0.52*	0.50*	0.52*	0.53*	0.52*	0.52*	0.48*	-	-	-	-	-	-	-	-	-
Net Income	-339.8%	-84.65	35.00	148	142	-114	23.00	152	160	-134	10.00	162	160	-105	6.00	108	129	16.00	19.00	74.00	81.00	17.00
Net Income Margin	10.6%	0.18*	0.16*	0.16*	0.16*	0.17*	0.16*	0.15*	0.16*	0.16*	0.20*	0.20*	0.15*	-	-	-	-	-	-	-	-	-
Free Cashflow	13.1%	184	163	162	134	161	169	157	136	180	115	199	139	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																		(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2018Q4
Assets	0.4%	3,790	3,776	3,660	3,579	3,588	3,602	3,599	3,483	3,486	3,456	3,386	3,389	3,375	3,372	3,324	3,315	3,278	2,991
Current Assets	-0.7%	137	138	114	117	132	147	158	147	133	152	110	114	101	104	88.00	113	96.00	180
Cash Equivalents	63.6%	5.00	3.00	3.00	4.00	3.00	3.00	2.00	3.00	2.00	3.00	4.00	2.00	3.00	3.00	3.00	3.00	3.00	109
Net PPE	0.7%	3,229	3,208	3,188	3,183	3,173	3,160	3,145	3,118	3,125	3,118	3,101	3,095	3,111	3,103	3,069	3,029	3,010	2,735
Liabilities	2.9%	3,426	3,330	3,225	3,140	3,059	3,088	3,111	2,701	2,733	2,787	1,968	2,004	2,049	2,053	1,996	1,974	1,946	1,115
Current Liabilities	20.9%	210	174	149	139	160	158	153	144	171	169	127	94.00	125	132	158	146	176	138
Long Term Debt	1.9%	3,199	3,138	3,061	2,985	2,883	2,909	2,937	2,538	2,544	2,595	1,817	1,886	1,900	1,896	1,823	1,812	1,754	970
LT Debt, Current	25.0%	13.00	10.00	8.00	5.00	3.00	-	-	23.00	20.00	18.00	15.00	13.00	10.00	8.00	5.00	3.00	-	11.00
LT Debt, Non Current	1.9%	3,199	3,138	3,061	2,985	2,883	2,909	2,937	2,538	2,544	2,595	1,817	1,886	1,900	1,896	1,823	1,812	1,754	970
Float	-	-	-	1,700	-	-	-	1,200	-	-	-	591	-	-	-	303	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	14.9%	247,600	215,500	204,600	198,700	222,600	234,700	213,200	190,600	223,500	182,000	224,600	165,400	174,500	149,600	177,400	140,200	136,300	83,400	149,200	101,800	-
Share Based Compensation	33.3%	400	300	400	600	300	400	400	500	300	400	300	400	300	400	300	500	400	500	300	300	-
Cashflow From Investing	-20.5%	-63,500	-52,700	-43,000	-64,300	-61,600	-65,900	-55,900	-54,800	-43,200	-67,300	-26,000	-26,700	-55,100	-98,900	-68,900	-78,100	-111,500	-84,700	-75,900	-225,400	-
Cashflow From Financing	-12.0%	-182,000	-162,500	-162,200	-133,900	-160,500	-168,600	-157,900	-135,000	-180,700	-115,900	-196,300	-139,800	-119,800	-50,200	-109,100	-62,300	-28,600	-8,300	-62,500	20,200	-
Buy Backs	0%	100,000	100,000	100,000	100,000	-	-	-	-	-	750,000	-	-	-	-	-	-	-	-	-	-	-

HESM Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues
Revenues	$ 1,346.1	$ 1,273.2	$ 1,203.8
Type of Revenue [Extensible List]	us-gaap:ServiceMember	us-gaap:ServiceMember	us-gaap:ServiceMember
Other income	$ 2.5	$ 2.0	$ 0.0
Total revenues	1,348.6	1,275.2	1,203.8
Costs and expenses
Operating and maintenance expenses (exclusive of depreciation shown separately below)	313.0	279.6	288.3
Depreciation expense	192.5	181.3	165.6
General and administrative expenses	26.2	23.1	22.7
Total operating costs and expenses	531.7	484.0	476.6
Income from operations	816.9	791.2	727.2
Income from equity investments	7.7	5.3	10.6
Interest expense, net	179.0	149.3	105.4
Income before income tax expense	645.6	647.2	632.4
Income tax expense	37.9	26.6	14.6
Net income	607.7	620.6	617.8
Less: Net income attributable to noncontrolling interest	489.1	536.7	571.4
Net income attributable to Hess Midstream LP	118.6	83.9	46.4
Affiliate services
Revenues
Revenues	1,338.1	1,273.2	1,203.8
Third-party services
Revenues
Revenues	$ 8.0	$ 0.0	$ 0.0
Class A Shares
Net income attributable to Hess Midstream LP per Class A share:
Net income attributable to Hess Midstream LP per Class A share, Basic	$ 2.11	$ 2.03	$ 1.81
Net income attributable to Hess Midstream LP per Class A share, Diluted	$ 2.08	$ 2.01	$ 1.76
Weighted average Class A shares outstanding
Weighted average Class A shares outstanding, Basic	56.2	41.3	25.6
Weighted average Class A shares outstanding, Diluted	56.3	41.4	25.7

HESM Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents	$ 5.4	$ 3.1
Accounts receivable from contracts with customers:
Accounts receivable-trade	1.9	0.3
Accounts receivable-affiliate	$ 122.5	$ 122.7
Accounts Receivable, after Allowance for Credit Loss, Current, Related Party, Name [Extensible Enumeration]	us-gaap:RelatedPartyMember	us-gaap:RelatedPartyMember
Other current assets	$ 7.0	$ 6.2
Total current assets	136.8	132.3
Equity investments	90.2	93.9
Property, plant and equipment, net	3,229.2	3,172.8
Long-term receivable—affiliate	0.3	0.7
Deferred tax asset	324.4	177.2
Other noncurrent assets	8.6	11.3
Total assets	3,789.5	3,588.2
Liabilities
Accounts payable—trade	38.5	35.0
Accounts payable-affiliate	$ 41.2	$ 27.7
Accounts Payable, Current, Related Party, Name [Extensible Enumeration]	us-gaap:RelatedPartyMember	us-gaap:RelatedPartyMember
Accrued liabilities	$ 105.9	$ 82.9
Current maturities of long-term debt	12.5	2.5
Other current liabilities	12.1	11.4
Total current liabilities	210.2	159.5
Long-term debt	3,198.9	2,883.1
Deferred tax liability	0.5	0.5
Other noncurrent liabilities	16.7	16.1
Total liabilities	3,426.3	3,059.2
Partners' capital
Total Class A and Class B partners' capital	340.2	245.1
Noncontrolling interest	23.0	283.9
Total partners' capital	363.2	529.0
Total liabilities and partners' capital	3,789.5	3,588.2
Class A Shares
Partners' capital
Common unitholders	$ 340.2	$ 245.1

About Hess Midstream Partners LP

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 systems; crude oil gathering systems; and produced water gathering and disposal facilities. Its gathering systems consists of approximately 1,380 miles of high and low pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 590 million cubic feet per day; crude oil gathering system comprises approximately 560 miles of crude oil gathering pipelines; and produced water gathering system that includes approximately 290 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; 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.

CEO	Mr. John B. Hess
WEBSITE	hessmidstream.com
INDUSTRY	Oil - Midstream

Hess Midstream Partners LP Frequently Asked Questions

What is the ticker symbol for Hess Midstream Partners LP? What does HESM stand for in stocks?

HESM is the stock ticker symbol of Hess Midstream Partners LP. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Hess Midstream Partners LP (HESM)?

As of Tue Apr 23 2024, market cap of Hess Midstream Partners LP is 2.82 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of HESM stock?

You can check HESM's fair value in chart for subscribers.

What is the fair value of HESM stock?

You can check HESM's fair value in chart for subscribers. The fair value of Hess Midstream Partners LP is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Hess Midstream Partners LP is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for HESM so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Hess Midstream Partners LP a good stock to buy?

The fair value guage provides a quick view whether HESM is over valued or under valued. Whether Hess Midstream Partners LP is cheap or expensive depends on the assumptions which impact Hess Midstream Partners LP's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for HESM.

What is Hess Midstream Partners LP's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, HESM's PE ratio (Price to Earnings) is 11.72 and Price to Sales (PS) ratio is 2.09. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. HESM PE ratio will change depending on the future growth rate expectations of investors.