Skip to main content

Hess Midstream LP (HESM)

New York Stock Exchange Energy Oil & Gas MidstreamView data quality →
54.7Fair

ValueMarkers Composite Index

Top 51%#21,705 of 44,707
Slightly Undervalued

16% below intrinsic value ($47)

UndervaluedFair ValueOvervalued
Piotroski
6/9
Neutral
Beneish
-0.55
High Risk
Altman
2.38
Grey Zone
DCF Value
$47
Undervalued
ROIC
20.4%
Strong
P/E
14.1
Value
Updated: ·Source: Data sourced from SEC filings and institutional providers. Not financial advice.·Report data issue

Hess Midstream LP (HESM) — VMCI valuation read

Headline read on HESM: VMCI of 55/100 versus a Energy sector median of 50. The 5-point above-median position is what makes Hess Midstream LP a relative-value candidate in the mid-cap cohort, before any pillar-level review.

Form 4 filings on HESM: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on HESM: value (HESM trades at 17.0x earnings, 6% below the Energy median of 18.0x), quality (ROIC of 11.0% sits 1.0pp above the Energy median (10.0%)), and risk (net debt to EBITDA of -1.6x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Energy 12.0x baseline.

HESM rose 2.7% over the trailing 7 days, with a -18.2% read on a 30-day basis.

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: Jonathan C. Stein176 employeesUSwww.hessmidstream.com

Top peers ranked by VM Score. Compare valuation, quality, and risk metrics across the sector.

Browse More

Key metrics explained

Definitions, formulas, and how ValueMarkers calculates each indicator used in HESM’s VM Score.

Explore More

Compare Competitors

Weekly Stock Analysis - Free

5 undervalued stocks, fully modeled. Every Monday. No spam.

Cookie Preferences

We use cookies to analyze site usage and improve your experience. You can accept all, reject all, or customize your preferences.