HESM — Hess Midstream Partners LP
NYSE · Energy · Oil & Gas Midstream
$40.34
+$0.11 (+0.27%)
Hess Midstream Partners LP (HESM) is a oil & gas midstream company listed on NYSE. It is led by Jonathan C. Stein, based in 1400 Smith Street, Houston, TX, United States, 77002. 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.
Latest reported HESM revenue for 2025-09-30 was $420.9M. Net income was $175.5M. Revenue was up 1.6% from 2025-06-30 to 2025-09-30. HESM currently screens at market cap $8.02B and trailing P/E 13.4.
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About Hess Midstream Partners LP
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.
HESM Key Statistics
Market Cap
$8.02B
Volume
841,801
Previous Close
$39.83
Day Range
$39.51 – $40.20
P/E Ratio
13.43
EPS
$0.00
Revenue
$1.50B
Net Income
$659.00M
Gross Profit
$0.00
Free Cash Flow
$0.00
Dividend Yield
7.79%
Revenue Growth
+10.9%
Profit Margin
44.1%
HESM Financials
Annual income statement in USD. Latest reported periods first.
| Line | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Revenue | $1.50B | $1.35B | $1.28B | $1.20B |
| Cost of Revenue | $0.00 | $0.00 | $0.00 | $0.00 |
| Gross Profit | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Net Income | $659.00M | $607.70M | $620.60M | $617.80M |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | $0.00 |
Total Assets
$4.15B
Total Debt
$0.00
Shareholders' Equity
$0.00
Cash & Equivalents
$4.30M
Operating Cash Flow
$940.30M
Free Cash Flow
$0.00
Hess Midstream Partners LP Company Information
- Chief Executive Officer of Hess Midstream GP LLC
- Jonathan C. Stein
- Headquarters
- 1400 Smith Street, Houston, TX, United States, 77002
- Website
- www.hessmidstream.com
- Phone
- 832 854 1000
- IPO / Founded
- 2017-04-05
- Sector
- Energy
- Industry
- Oil & Gas Midstream