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Hess Midstream LP (HESM)

Energy | Oil & Gas Midstream | Houston, United States | NYSE
30.62 USD -0.03 (-0.098%) ⇩ (Oct. 15, 2026, 4 p.m. EDT)

Short-term:★★☆☆☆Long-term:★★☆☆☆Dividends:★★☆☆☆
Hot Take ↕ | Oct. 10, 2026, 5:22 a.m. EDT

The investment case here is fraught with contradictions. While the company boasts a massive 9% yield backed by Chevron and strong operating cash flows, the market is pricing in significant distress. The payout ratio exceeds 100%, meaning the dividend is currently being funded by borrowing or drawing down reserves rather than pure earnings, which is unsustainable long-term. This is confirmed by the severe price action: the stock has lost nearly 20% in the last year and is trading well below its 200-day average. The options market screams caution, with traders buying deep puts to protect against a crash to the $20s. Despite the attractive headline yield, the fundamental reality of a shrinking business and a payout that eats into capital makes this a dangerous hold for income investors seeking safety.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.051713
AutoARIMA0.051941
AutoTheta0.052112
AutoETS0.052376

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 37%
H-stat 128.06
Ljung-Box p 0.000
Jarque-Bera p 0.000
Excess Kurtosis 1.76
Attribute Value
Sector Energy
Ex Dividend Date 2026-08-05
Last Dividend Date 2026-08-05
Debt to Equity Ratio 948.454
Revenue per Share 12.479
Market Cap 6,313,181,696
Trailing P/E 10.56
Forward P/E 10.78
Beta 0.56
Profit Margins 23.23%
Website https://www.hessmidstream.com

As of Oct. 10, 2026, 5:22 a.m. EDT: Speculators are heavily positioned for downside protection, with massive open interest in deep out-of-the-money puts (strikes 20-27) expiring in December 2026, indicating a fear of a significant drop to the $20s. Conversely, call activity is concentrated in strikes 40-42, suggesting a speculative bet on a rally to the upper end of the range, but the sheer volume of put buying creates a heavy hedge against further declines.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.98% 8.43% 7.89% 7.84%
Dividend History
Date Dividend Yield %
2026-08-06 0.789 1.975463
2026-05-07 0.779 2.017612
2026-02-05 0.764 2.187858
2025-11-06 0.755 2.253731
2025-08-07 0.737 1.796685
2025-05-08 0.710 1.915295
2025-02-06 0.701 1.732575
2024-11-07 0.685 1.935575
2024-08-08 0.668 1.855040
2024-05-01 0.652 1.947431
2024-02-07 0.634 1.943593
2023-11-01 0.618 2.097760
2023-08-02 0.601 1.976974
2023-05-03 0.585 2.087050
2023-02-01 0.570 1.915323
2022-11-02 0.563 2.028098
2022-08-03 0.556 1.923875
2022-05-04 0.549 1.783046
2022-02-02 0.517 1.778466
2021-11-03 0.510 2.041633
2021-08-06 0.504 2.017614
2021-04-30 0.453 2.028661
2021-02-03 0.447 2.092697
2020-11-04 0.442 2.740236
2020-08-05 0.436 2.282722
2020-05-01 0.431 2.745223
2020-02-05 0.426 1.864333
2019-11-01 0.411 1.964627
2019-08-02 0.397 2.041131
2019-05-02 0.383 1.793071
2019-02-01 0.370 1.688727
2018-11-02 0.358 1.699098
2018-08-01 0.345 1.566046
2018-05-03 0.333 1.733472
2018-02-01 0.322 1.465635
2017-11-02 0.311 1.564386
2017-08-02 0.270 1.259328
Additional Data
dividendYield 10.08
exDividendDate 2026-08-06
trailingAnnualDividendRate 3.087
trailingAnnualDividendYield 0.100717776
lastDividendValue 0.789
lastDividendDate 2026-08-06
dividendDate 2026-08-14

Info Dump

Attribute Value
52 Week Change -0.06303549
Address1 1,400 Smith Street
All Time High 44.14
All Time Low 5.7
Ask 0.0
Ask Size 400
Average Analyst Rating 3.7 - Underperform
Average Daily Volume10 Day 3,604,030
Average Daily Volume3 Month 1,646,381
Average Volume 1,646,381
Average Volume10Days 3,604,030
Beta 0.561
Bid 30.59
Bid Size 400
Book Value 4.009
City Houston
Compensation As Of Epoch Date 1,767,139,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 30.62
Current Ratio 0.771
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 31.115
Day Low 29.85
Debt To Equity 948.454
Display Name Hess Midstream
Dividend Date 1,786,665,600
Dividend Yield 10.08
Earnings Call Timestamp End 1,785,765,600
Earnings Call Timestamp Start 1,785,765,600
Earnings Growth 0.014
Earnings Quarterly Growth 0.068
Earnings Timestamp 1,785,760,200
Earnings Timestamp End 1,793,622,600
Earnings Timestamp Start 1,793,622,600
Ebitda 1,225,500,032
Ebitda Margins 0.7592
Enterprise To Ebitda 6.102
Enterprise To Revenue 4.633
Enterprise Value 7,478,503,936
Eps Current Year 3.16448
Eps Forward 2.8392
Eps Trailing Twelve Months 2.9
Esg Populated 0
Ex Dividend Date 1,785,974,400
Exchange NYQ
Exchange Data Delayed By 20
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 38.457
Fifty Day Average Change -7.837
Fifty Day Average Change Percent -0.20378605
Fifty Two Week Change Percent -6.303549
Fifty Two Week High 41.44
Fifty Two Week High Change -10.819998
Fifty Two Week High Change Percent -0.26110035
Fifty Two Week Low 29.85
Fifty Two Week Low Change 0.77000046
Fifty Two Week Low Change Percent 0.025795659
Fifty Two Week Range 29.85 - 41.44
Financial Currency USD
First Trade Date Milliseconds 1,491,399,000,000
Five Year Avg Dividend Yield 7.36
Float Shares 127,587,193
Forward Eps 2.8392
Forward P E 10.784728
Free Cashflow 499,412,512
Full Exchange Name NYSE
Fullday Change 0.6206989
Fullday Change Percent 2.027103
Fullday Price 31.2407
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.77549005
Gross Profits 1,251,800,064
Has Pre Post Market Data 1
Held Percent Insiders 0.008590001
Held Percent Institutions 0.89669997
Implied Shares Outstanding 206,178,366
Industry Oil & Gas Midstream
Industry Disp Oil & Gas Midstream
Industry Key oil-gas-midstream
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,785,974,400
Last Dividend Value 0.789
Last Fiscal Year End 1,767,139,200
Long Business Summary 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.
Long Name Hess Midstream LP
Market us_market
Market Cap 6,313,181,696
Market State PRE
Max Age 86,400
Message Board Id finmb_272761870
Most Recent Quarter 1,782,777,600
Net Income To Common 375,000,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 4,977,447,165
Number Of Analyst Opinions 6
Open 30.89
Operating Cashflow 1,036,400,000
Operating Margins 0.63458997
Payout Ratio 1.0466
Phone 832 854 1000
Pre Market Change 0.6206989
Pre Market Change Percent 2.027103
Pre Market Price 31.2407
Pre Market Time 1,792,151,788
Previous Close 30.65
Price Eps Current Year 9.676156
Price Hint 2
Price To Book 7.6378155
Price To Sales Trailing12 Months 3.9110281
Profit Margins 0.23231001
Quick Ratio 0.766
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key underperform
Recommendation Mean 3.71429
Region US
Regular Market Change -0.0299988
Regular Market Change Percent -0.0978753
Regular Market Day High 31.115
Regular Market Day Low 29.85
Regular Market Day Range 29.85 - 31.115
Regular Market Open 30.89
Regular Market Previous Close 30.65
Regular Market Price 30.62
Regular Market Time 1,792,094,402
Regular Market Volume 3,305,378
Return On Assets 0.14427
Return On Equity 1.5071499
Revenue Growth -0.037
Revenue Per Share 12.479
Sand P52 Week Change 0.16207206
Sector Energy
Sector Disp Energy
Sector Key energy
Shares Outstanding 128,350,881
Shares Percent Shares Out 0.06
Shares Short 7,695,343
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 6,459,497
Short Name Hess Midstream LP
Short Percent Of Float 0.079
Short Ratio 5.34
Source Interval 15
State TX
Symbol HESM
Target High Price 40.0
Target Low Price 30.0
Target Mean Price 33.66667
Target Median Price 33.0
Total Cash 5,000,000
Total Cash Per Share 0.039
Total Debt 3,680,000,000
Total Revenue 1,614,200,064
Tradeable 0
Trailing Annual Dividend Rate 3.087
Trailing Annual Dividend Yield 0.100717776
Trailing Eps 2.9
Trailing P E 10.55862
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 38.138
Two Hundred Day Average Change -7.5179996
Two Hundred Day Average Change Percent -0.19712621
Type Disp Equity
Volume 3,305,378
Website https://www.hessmidstream.com
Zip 77,002