Hess Midstream LP(HESM) Stock Research - Grey Stern Research

Hess Midstream LP (HESM) Stock Analysis

$37.32 (0.30%)

HESM Financial Performance


Use the table below to view Hess Midstream LP's financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q1 - 2024

Metric Value Ranking among Peers
Price $37.21 -
52 Week Low $27.57 -
52 Week High $39.11 -
Market Cap $8.3 Billion 8/15
Gross Margin 64% 3/15
Profit Margin 13% 6/15
EBITDA margin 76% 1/15
Q1 - 2024 Revenue $355.6 Million 12/15
Q1 - 2024 Earnings $44.6 Million 10/15
Q1 - 2024 Free Cash Flow $130.5 Million 9/15
Trailing 4 Quarters Revenue $1.4 Billion 12/15
Trailing 4 Quarters Earnings $142.5 Million 14/15
Quarterly Earnings Growth -69% 13/15
Annual Earnings Growth -76% 15/15
Quarterly Revenue Growth 17% 4/15
Annual Revenue Growth 12% 4/15
Cash On Hand $4.2 Million 15/15
Short Term Debt $15.0 Million 9/15
Long Term Debt $3.3 Billion 13/15

Hess Midstream LP Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Hess Midstream LP's metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 58.37 1/15
PS 5.95 2/15
PB 21.79 1/15
PC 1980.51 1/15
Liabilities to Equity 8.61 1/15
ROA 0.04 9/15
ROE 0.35 2/15
Current Ratio 1.11 14/15
Quick Ratio 0.00 10/15
Long Term Debt to Equity 8.19 1/15
Debt to Equity 8.23 1/15
Burn Rate 0.05 10/15
Cash to Cap 0.00 9/15
CCR 2.93 2/15
EV to EBITDA 42.82 6/15
EV to Revenue 8.33 2/15

Company Details

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; crude oil gathering systems; and produced water gathering and disposal facilities. Its gathering systems consists of approximately 1,350 miles of high and low pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 450 million cubic feet per day; and crude oil gathering system comprises approximately 550 miles of crude oil gathering pipelines. 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 Hess

Website: https://www.hessmidstream.com

Address: 1501 McKinney St Houston, TEXAS

Exchange: New York Stock Exchange

Industry: Oil & Gas Midstream

Hess Midstream LP Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Hess Midstream LP. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Plains All American Pipeline, L.P. PAA $12.9 Billion
Enterprise Products Partners L.P. EPD $65.0 Billion
EnLink Midstream, LLC ENLC $6.2 Billion
MPLX LP MPLX $43.8 Billion
Magellan Midstream Partners, L.P. MMP $13.9 Billion
Western Midstream Partners, LP WES $15.1 Billion
DCP Midstream, LP DCP $8.7 Billion
NuStar Energy L.P. NS $2.8 Billion
Antero Midstream Corporation AM $7.0 Billion
Genesis Energy, L.P. GEL $1.7 Billion
Holly Energy Partners, L.P. HEP $2.6 Billion
Crestwood Equity Partners LP CEQP $3.0 Billion
Energy Transfer LP ET $54.9 Billion
Kinetik Holdings Inc. KNTK $2.5 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
HESM Income Statements
Quarter Year Revenue Earnings
Q1 2024 $ 355.6 Million $44.6 Million
Q4 2023 $ 356.5 Million $37.5 Million
Q3 2023 $ 361.3 Million $35.3 Million
Q2 2023 $ 324.0 Million $25.1 Million
Q1 2023 $ 305.0 Million $142.2 Million
Q4 2022 $ 314.6 Million $149.8 Million
Q3 2022 $ 334.8 Million $23.2 Million
Q2 2022 $ 313.4 Million $22.0 Million

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HESM Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q1 2024 $4.2 Million $3.9 Billion $3.3 Billion $381.7 Million
Q4 2023 $0 $0 $0 $0
Q3 2023 $3.3 Million $3.8 Billion $3.1 Billion $523.2 Million
Q2 2023 $3.0 Million $3.7 Billion $3.1 Billion $434.8 Million
Q1 2023 $3.6 Million $3.6 Billion $3.0 Billion $0
Q4 2022 $3.1 Million $3.6 Billion $2.9 Billion $0
Q3 2022 $2.6 Million $3.6 Billion $2.9 Billion $513.9 Million
Q2 2022 $2.4 Million $3.6 Billion $2.9 Billion $487.5 Million

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HESM Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q1 2024 $130.5 Million -$54.8 Million -$1.2 Million
Q4 2023 $100.8 Million $0 $100.8 Million
Q3 2023 $215.5 Million $0 $215.5 Million
Q2 2023 $204.6 Million $0 $204.6 Million
Q1 2023 $134.4 Million -$64.3 Million $500,000
Q4 2022 $161.0 Million -$61.6 Million $500,000
Q3 2022 $352.6 Million $117.9 Million $200,000
Q2 2022 $157.3 Million -$55.9 Million -$600,000

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