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HESM logo HESM
Upturn stock ratingUpturn stock rating
HESM logo

Hess Midstream Partners LP (HESM)

Upturn stock ratingUpturn stock rating
$40.68
Delayed price
Profit since last BUY12.38%
upturn advisory
Consider higher Upturn Star rating
BUY since 75 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
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Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
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Upturn Advisory Summary

03/13/2025: HESM (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

AI Based Fundamental Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type Stock
Historic Profit -14.33%
Avg. Invested days 35
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 03/13/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 9.69B USD
Price to earnings Ratio 16.98
1Y Target Price 44.6
Price to earnings Ratio 16.98
1Y Target Price 44.6
Volume (30-day avg) 1392425
Beta 1.44
52 Weeks Range 31.00 - 44.05
Updated Date 04/1/2025
52 Weeks Range 31.00 - 44.05
Updated Date 04/1/2025
Dividends yield (FY) 6.40%
Basic EPS (TTM) 2.49

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 14.92%
Operating Margin (TTM) 61.38%

Management Effectiveness

Return on Assets (TTM) 14.47%
Return on Equity (TTM) 159.08%

Valuation

Trailing PE 16.98
Forward PE 12.12
Enterprise Value 8404403501
Price to Sales(TTM) 6.48
Enterprise Value 8404403501
Price to Sales(TTM) 6.48
Enterprise Value to Revenue 5.63
Enterprise Value to EBITDA 7.4
Shares Outstanding 116737000
Shares Floating 116471907
Shares Outstanding 116737000
Shares Floating 116471907
Percent Insiders 1.01
Percent Institutions 83.57

Analyst Ratings

Rating 4
Target Price 40.8
Buy 1
Strong Buy 2
Buy 1
Strong Buy 2
Hold 2
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Hess Midstream Partners LP

stock logo

Company Overview

overview logo History and Background

Hess Midstream Partners LP (formerly Hess Midstream Partners GP LLC) was formed in 2014 by Hess Corporation to own, operate, develop, and acquire midstream assets. It is focused on gathering, compressing, processing, and transporting natural gas and crude oil in the Bakken and Three Forks shale plays in North Dakota.

business area logo Core Business Areas

  • Gathering: Collects crude oil, natural gas, and produced water from wellheads and transports it to processing and transportation facilities.
  • Processing: Processes natural gas to remove impurities and extract natural gas liquids (NGLs).
  • Transportation: Transports crude oil, natural gas, and NGLs through pipelines and other modes of transportation.
  • Terminaling and Storage: Provides storage and terminaling services for crude oil, natural gas, and NGLs.

leadership logo Leadership and Structure

The General Partner of Hess Midstream LP is Hess Midstream GP LLC. The leadership team consists of executive officers reporting to the board of directors of the general partner.

Top Products and Market Share

overview logo Key Offerings

  • Crude Oil Gathering: Collects crude oil from wellheads and transports it to processing and transportation facilities. Market share data is difficult to ascertain due to the fragmented nature of gathering systems in the Bakken. Competitors include other midstream operators in the region like ONEOK and MPLX.
  • Natural Gas Gathering and Processing: Gathers and processes natural gas to remove impurities and extract NGLs. Market share is difficult to ascertain, but they are a significant player in the Bakken. Competitors include other midstream operators in the region like ONEOK and MPLX.
  • Water Handling: Provides produced water gathering and disposal services. Market share is difficult to ascertain but is critical for environmental sustainability. Competitors include other midstream operators in the region.

Market Dynamics

industry overview logo Industry Overview

The midstream sector is crucial for connecting energy producers with end-users. Growth is driven by increasing oil and gas production, particularly in shale plays. Infrastructure development is vital for handling growing volumes and meeting environmental standards.

Positioning

Hess Midstream Partners LP holds a strategically important position in the Bakken shale play. Its relationship with Hess Corporation provides a competitive advantage, but it is still susceptible to price fluctuations.

Total Addressable Market (TAM)

The TAM for midstream services in the Bakken region is estimated to be in the billions of dollars annually. Hess Midstream Partners LP is positioned to capture a significant share of this market through its existing infrastructure and strategic partnerships.

Upturn SWOT Analysis

Strengths

  • Strategic asset footprint in the Bakken
  • Strong relationship with Hess Corporation
  • Stable cash flows from long-term contracts
  • Operational expertise in midstream services

Weaknesses

  • Geographic concentration in the Bakken
  • Dependence on Hess Corporation's production activity
  • Exposure to commodity price volatility
  • Potential conflicts of interest due to affiliation with Hess Corporation

Opportunities

  • Expansion of midstream infrastructure in the Bakken
  • Acquisition of complementary assets
  • Development of new midstream services
  • Increased demand for natural gas and NGLs

Threats

  • Decline in oil and gas prices
  • Increased regulation of the oil and gas industry
  • Competition from other midstream operators
  • Environmental concerns related to oil and gas production

Competitors and Market Share

competitor logo Key Competitors

  • ONEOK (OKE)
  • MPLX (MPLX)
  • Energy Transfer (ET)

Competitive Landscape

Hess Midstream Partners LP's competitive advantages include its strategic asset footprint in the Bakken and relationship with Hess Corporation. Disadvantages could include geographic concentration and dependence on Hess Corporation's production activity.

Major Acquisitions

Growth Trajectory and Initiatives

Historical Growth: Historical growth trends cannot be accurately provided, as Hess Midstream Partners LP has been acquired and current data is not available.

Future Projections: Future projections cannot be provided as Hess Midstream Partners LP has been acquired.

Recent Initiatives: Recent strategic initiatives are not accessible, as Hess Midstream Partners LP has been acquired.

Summary

Hess Midstream Partners LP had a strategic asset base in the Bakken, but recent acquisition information is needed to fully evaluate its current position. The company benefited from its relationship with Hess, which provided stable cash flows. The primary risks included geographic concentration and commodity price volatility. Growth opportunities existed in expanding infrastructure and acquiring assets but regulation and competition were potential threats.

Similar Companies

  • OKE
  • MPLX
  • ET

Sources and Disclaimers

Data Sources:

  • Company filings
  • Industry reports
  • Financial news sources

Disclaimers:

Data and analysis are based on available information. Market conditions can change, and the information provided should not be considered financial advice. Analysis is limited by the acquisition of Hess Midstream Partners, which restricts access to current financial data and future projections. HESM Stock Symbol is used for simplicity and continuity. It is important to consult with a qualified financial advisor before making any investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Hess Midstream Partners LP

Exchange NYSE
Headquaters Houston, TX, United States
IPO Launch date 2017-04-05
Chairman & CEO of Hess Midstream GP LLC Mr. John B. Hess
Sector Energy
Industry Oil & Gas Midstream
Full time employees -
Full time employees -

Hess Midstream LP owns, operates, develops, and acquires midstream assets and provide fee-based services to Hess 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 systems consists of approximately 1,415 miles of high and low pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 675 million cubic feet per day; crude oil gathering system comprises approximately 590 miles of crude oil gathering pipelines; and produced water gathering system that includes approximately 330 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. 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.

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