HESS MIDSTREAM LP - CLASS A (HESM) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:HESM • US4281031058

35.73 USD
+0.81 (+2.32%)
At close: Feb 6, 2026
35.33 USD
-0.4 (-1.12%)
After Hours: 2/6/2026, 8:04:00 PM
Fundamental Rating

5

HESM gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 207 industry peers in the Oil, Gas & Consumable Fuels industry. HESM has a medium profitability rating, but doesn't score so well on its financial health evaluation. HESM has a correct valuation and a medium growth rate. HESM also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • HESM had positive earnings in the past year.
  • HESM had a positive operating cash flow in the past year.
  • In the past 5 years HESM has always been profitable.
  • HESM had a positive operating cash flow in 4 of the past 5 years.
HESM Yearly Net Income VS EBIT VS OCF VS FCFHESM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

1.2 Ratios

  • HESM has a Return On Assets of 7.44%. This is in the better half of the industry: HESM outperforms 79.23% of its industry peers.
  • HESM has a better Return On Equity (57.64%) than 94.20% of its industry peers.
  • With an excellent Return On Invested Capital value of 20.87%, HESM belongs to the best of the industry, outperforming 96.62% of the companies in the same industry.
Industry RankSector Rank
ROA 7.44%
ROE 57.64%
ROIC 20.87%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
HESM Yearly ROA, ROE, ROICHESM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

1.3 Margins

  • HESM's Profit Margin of 20.46% is fine compared to the rest of the industry. HESM outperforms 75.36% of its industry peers.
  • HESM's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 61.97%, HESM belongs to the top of the industry, outperforming 95.17% of the companies in the same industry.
  • HESM's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 61.97%
PM (TTM) 20.46%
GM N/A
OM growth 3Y0.07%
OM growth 5Y3.32%
PM growth 3Y49.01%
PM growth 5Y58.18%
GM growth 3YN/A
GM growth 5YN/A
HESM Yearly Profit, Operating, Gross MarginsHESM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so HESM is creating value.
  • There is no outstanding debt for HESM. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
HESM Yearly Shares OutstandingHESM Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
HESM Yearly Total Debt VS Total AssetsHESM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.2 Solvency

  • The Debt to FCF ratio of HESM is 5.32, which is a neutral value as it means it would take HESM, 5.32 years of fcf income to pay off all of its debts.
  • HESM has a Debt to FCF ratio of 5.32. This is in the better half of the industry: HESM outperforms 63.77% of its industry peers.
  • HESM has a Debt/Equity ratio of 6.58. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 6.58, HESM is doing worse than 89.86% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 6.58
Debt/FCF 5.32
Altman-Z N/A
ROIC/WACC2.5
WACC8.35%
HESM Yearly LT Debt VS Equity VS FCFHESM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.3 Liquidity

  • HESM has a Current Ratio of 0.75. This is a bad value and indicates that HESM is not financially healthy enough and could expect problems in meeting its short term obligations.
  • HESM has a Current ratio of 0.75. This is in the lower half of the industry: HESM underperforms 71.50% of its industry peers.
  • A Quick Ratio of 0.75 indicates that HESM may have some problems paying its short term obligations.
  • The Quick ratio of HESM (0.75) is worse than 64.25% of its industry peers.
Industry RankSector Rank
Current Ratio 0.75
Quick Ratio 0.75
HESM Yearly Current Assets VS Current LiabilitesHESM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • HESM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.86%, which is quite good.
  • HESM shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.90% yearly.
  • Looking at the last year, HESM shows a quite strong growth in Revenue. The Revenue has grown by 8.41% in the last year.
  • The Revenue has been growing by 8.23% on average over the past years. This is quite good.
EPS 1Y (TTM)14.86%
EPS 3Y12.48%
EPS 5Y16.9%
EPS Q2Q%5.88%
Revenue 1Y (TTM)8.41%
Revenue growth 3Y8.33%
Revenue growth 5Y8.23%
Sales Q2Q%2.1%

3.2 Future

  • The Earnings Per Share is expected to decrease by -1.05% on average over the next years.
  • The Revenue is expected to grow by 1.36% on average over the next years.
EPS Next Y0.2%
EPS Next 2Y5.1%
EPS Next 3Y-2.74%
EPS Next 5Y-1.05%
Revenue Next Year-0.6%
Revenue Next 2Y0.81%
Revenue Next 3Y1.36%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
HESM Yearly Revenue VS EstimatesHESM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
HESM Yearly EPS VS EstimatesHESM Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 1 2 3

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6

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 12.49, which indicates a correct valuation of HESM.
  • Based on the Price/Earnings ratio, HESM is valued a bit cheaper than 71.98% of the companies in the same industry.
  • HESM's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.92.
  • With a Price/Forward Earnings ratio of 12.47, HESM is valued correctly.
  • HESM's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. HESM is cheaper than 71.01% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of HESM to the average of the S&P500 Index (27.78), we can say HESM is valued rather cheaply.
Industry RankSector Rank
PE 12.49
Fwd PE 12.47
HESM Price Earnings VS Forward Price EarningsHESM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HESM is on the same level as its industry peers.
  • 80.19% of the companies in the same industry are more expensive than HESM, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 10.41
EV/EBITDA 9.12
HESM Per share dataHESM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The decent profitability rating of HESM may justify a higher PE ratio.
  • HESM's earnings are expected to decrease with -2.74% in the coming years. This may justify a cheaper valuation.
PEG (NY)63.59
PEG (5Y)0.74
EPS Next 2Y5.1%
EPS Next 3Y-2.74%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 8.47%, HESM is a good candidate for dividend investing.
  • HESM's Dividend Yield is rather good when compared to the industry average which is at 3.64. HESM pays more dividend than 86.96% of the companies in the same industry.
  • HESM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
Industry RankSector Rank
Dividend Yield 8.47%

5.2 History

  • On average, the dividend of HESM grows each year by 16.02%, which is quite nice.
  • HESM has been paying a dividend for at least 10 years, so it has a reliable track record.
  • HESM has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)16.02%
Div Incr Years7
Div Non Decr Years7
HESM Yearly Dividends per shareHESM Yearly Dividends per shareYearly Dividends per share 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

5.3 Sustainability

  • 98.15% of the earnings are spent on dividend by HESM. This is not a sustainable payout ratio.
  • The Dividend Rate of HESM has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP98.15%
EPS Next 2Y5.1%
EPS Next 3Y-2.74%
HESM Yearly Income VS Free CF VS DividendHESM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
HESM Dividend Payout.HESM Dividend Payout, showing the Payout Ratio.HESM Dividend Payout.PayoutRetained Earnings

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HESS MIDSTREAM LP - CLASS A

NYSE:HESM (2/6/2026, 8:04:00 PM)

After market: 35.33 -0.4 (-1.12%)

35.73

+0.81 (+2.32%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-02
Earnings (Next)04-28
Inst Owners91.65%
Inst Owner Change-1.28%
Ins Owners0.18%
Ins Owner Change-27.61%
Market Cap7.42B
Revenue(TTM)1.62B
Net Income(TTM)330.00M
Analysts72.31
Price Target37.3 (4.39%)
Short Float %6.83%
Short Ratio5.91
Dividend
Industry RankSector Rank
Dividend Yield 8.47%
Yearly Dividend1.06
Dividend Growth(5Y)16.02%
DP98.15%
Div Incr Years7
Div Non Decr Years7
Ex-Date02-05
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.52%
Min EPS beat(2)8.99%
Max EPS beat(2)10.05%
EPS beat(4)3
Avg EPS beat(4)5.05%
Min EPS beat(4)-1.82%
Max EPS beat(4)10.05%
EPS beat(8)3
Avg EPS beat(8)-2.11%
EPS beat(12)5
Avg EPS beat(12)-2.15%
EPS beat(16)5
Avg EPS beat(16)-3.42%
Revenue beat(2)1
Avg Revenue beat(2)-0.87%
Min Revenue beat(2)-1.97%
Max Revenue beat(2)0.23%
Revenue beat(4)1
Avg Revenue beat(4)-1.1%
Min Revenue beat(4)-1.97%
Max Revenue beat(4)0.23%
Revenue beat(8)1
Avg Revenue beat(8)-1.42%
Revenue beat(12)2
Avg Revenue beat(12)-1.34%
Revenue beat(16)4
Avg Revenue beat(16)-0.81%
PT rev (1m)0%
PT rev (3m)-6.23%
EPS NQ rev (1m)-1.17%
EPS NQ rev (3m)3.65%
EPS NY rev (1m)-0.2%
EPS NY rev (3m)3.45%
Revenue NQ rev (1m)-0.72%
Revenue NQ rev (3m)-3.17%
Revenue NY rev (1m)-0.12%
Revenue NY rev (3m)-1.36%
Valuation
Industry RankSector Rank
PE 12.49
Fwd PE 12.47
P/S 4.6
P/FCF 10.41
P/OCF 7.44
P/B 12.96
P/tB 12.96
EV/EBITDA 9.12
EPS(TTM)2.86
EY8%
EPS(NY)2.87
Fwd EY8.02%
FCF(TTM)3.43
FCFY9.6%
OCF(TTM)4.8
OCFY13.43%
SpS7.77
BVpS2.76
TBVpS2.76
PEG (NY)63.59
PEG (5Y)0.74
Graham Number13.32
Profitability
Industry RankSector Rank
ROA 7.44%
ROE 57.64%
ROCE 23.72%
ROIC 20.87%
ROICexc 20.89%
ROICexgc 20.89%
OM 61.97%
PM (TTM) 20.46%
GM N/A
FCFM 44.18%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y0.07%
OM growth 5Y3.32%
PM growth 3Y49.01%
PM growth 5Y58.18%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.36
Health
Industry RankSector Rank
Debt/Equity 6.58
Debt/FCF 5.32
Debt/EBITDA 3.11
Cap/Depr 134.47%
Cap/Sales 17.61%
Interest Coverage 250
Cash Conversion 82.32%
Profit Quality 215.97%
Current Ratio 0.75
Quick Ratio 0.75
Altman-Z N/A
F-Score8
WACC8.35%
ROIC/WACC2.5
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)14.86%
EPS 3Y12.48%
EPS 5Y16.9%
EPS Q2Q%5.88%
EPS Next Y0.2%
EPS Next 2Y5.1%
EPS Next 3Y-2.74%
EPS Next 5Y-1.05%
Revenue 1Y (TTM)8.41%
Revenue growth 3Y8.33%
Revenue growth 5Y8.23%
Sales Q2Q%2.1%
Revenue Next Year-0.6%
Revenue Next 2Y0.81%
Revenue Next 3Y1.36%
Revenue Next 5YN/A
EBIT growth 1Y12.8%
EBIT growth 3Y8.41%
EBIT growth 5Y11.83%
EBIT Next Year22.17%
EBIT Next 3Y8.37%
EBIT Next 5Y6.19%
FCF growth 1Y8.83%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y7.24%
OCF growth 3YN/A
OCF growth 5YN/A

HESS MIDSTREAM LP - CLASS A / HESM FAQ

What is the fundamental rating for HESM stock?

ChartMill assigns a fundamental rating of 5 / 10 to HESM.


What is the valuation status for HESM stock?

ChartMill assigns a valuation rating of 6 / 10 to HESS MIDSTREAM LP - CLASS A (HESM). This can be considered as Fairly Valued.


What is the profitability of HESM stock?

HESS MIDSTREAM LP - CLASS A (HESM) has a profitability rating of 6 / 10.


Can you provide the financial health for HESM stock?

The financial health rating of HESS MIDSTREAM LP - CLASS A (HESM) is 2 / 10.


How sustainable is the dividend of HESS MIDSTREAM LP - CLASS A (HESM) stock?

The dividend rating of HESS MIDSTREAM LP - CLASS A (HESM) is 7 / 10 and the dividend payout ratio is 98.15%.