NYSE · HESMEnergyOil & Gas Extraction

Hess Midstream LP Class A Share representing a limited partner Interest (HESM)

$31.80−2.75%
Close Nov 4, 2026 · split-adjusted
Nov 4, 2026$31.80▼ 6.22% in range
Nov 4, 2025Low $30.04 · High $40.97Nov 4, 2026
What changed · written from our data
As of Nov 4, 2026

Hess Midstream LP closed at $31.80 on Nov 4, down 2.75%, 22.4% below its 52-week closing high. Volume of 4.5M shares was 1.27× its 20-day average (above normal).

Split-adjusted performance: -17.8% over one month, -16.8% over six months, -7.7% over one year.

In the quarter ended Jun 30, 2026, revenue was $397.70M, down 3.8% from a year earlier, with a net margin of 24.2%.

Short interest was 12.8M shares at the Oct 15 settlement, up 65.7% from the prior report (10.0% of float, 3.8 days to cover).

Market cap$4.08B128.4M shares
Revenue · quarter$397.7M−3.8% YoY
Diluted EPS$0.75+1.4% YoY
P/E · TTM10.9×P/S 2.5×
Net margin24.2%Gross 100.0%
Dividend yield10.04%$0.7985 last paid
52-week range30.04 – 40.97−22.4% from high
Volume4.5M1.27× 20-day avg
Volatility · 60d40.4%Annualised
Short % of float10.0%3.8 days to cover
Net cash-$3.67BCash $5.0M
Next earnings—Not scheduled
Split-adjusted performance
1W +0.3%1M −17.8%3M −20.4%6M −16.8%YTD −7.8%1Y −7.7%3Y +7.8%5Y +25.6%

Earnings reactions

History →

No reported quarters with price history yet.

Rank within Oil & Gas Extraction

Percentile among 97 companies (100 = best)

6-month momentum42
Revenue growth9
Net margin66
Value (low P/E)58
Size74

Industry medians: 6-month return −12.8%, revenue growth +23.8%, net margin 16.9%, P/E 12.1×.

Short interest

Details →
Shares short12.8M+65.7% vs prior
Days to cover3.8Settled Oct 15
% of float10.0%
Short vol. 10d48.9%of daily volume

Closest peers by size in Oil & Gas Extraction

CompanyPriceToday6MRev. growthNet marginP/EMkt cap
HESMHess Midstream LP$31.80−2.75%−16.8%−3.8%24.2%10.9$4.08B
PTENPatterson-UTI Energy$10.65−9.36%−8.0%+14.1%2.1%—$4.06BCompare
CRKComstock Resources$13.38−3.32%−10.7%−24.9%2.5%7.5$3.93BCompare
CRCCalifornia Resources$48.34−5.92%−21.3%+33.0%47.1%—$4.29BCompare
OIIOceaneering International$36.39−4.66%−1.8%+5.6%6.7%10.9$3.62BCompare
HPHelmerich & Payne$36.11−4.67%−9.3%−0.6%7.2%—$3.61BCompare
PARRPar Pacific Holdings$69.66−2.27%+11.8%+56.8%15.6%4.1$3.49BCompare
CRGYCrescent Energy$11.73−9.84%−10.5%+55.9%−0.2%79.8$4.96BCompare
CNXCNX Resources$35.93−1.78%−1.7%−0.7%28.5%5.6$5.13BCompare

Quick answers

What does Hess Midstream LP do?
Hess Midstream LP is a fee-based, growth-oriented limited partnership that owns, operates, develops, and acquires a portfolio of midstream assets. The company provides fee-based services to Chevron Corporation and generates all of its revenue by charging fees for gathering, compressing, and processing natural gas, fractionating NGLs, gathering, terminaling, loading, and transporting crude oil and NGLs, storing and terminaling propane, and gathering and disposing of produced water.
What is HESM's market cap?
$4.08B, based on the Nov 4 close of $31.80.
What is HESM's P/E ratio?
10.9× trailing-twelve-month earnings of $375M.
Does Hess Midstream LP pay a dividend?
Yes. The latest regular dividend was $0.7985 per share (ex-date Nov 5), an annualised yield of 10.04%.
How much of HESM is sold short?
12.8M shares, 10.0% of float, as of Oct 15, 2026.
What sector is HESM in?
Energy, in the Oil & Gas Extraction industry.

About Hess Midstream LP

Hess Midstream LP is a fee-based, growth-oriented limited partnership that owns, operates, develops, and acquires a portfolio of midstream assets. The company provides fee-based services to Chevron Corporation and generates all of its revenue by charging fees for gathering, compressing, and processing natural gas, fractionating NGLs, gathering, terminaling, loading, and transporting crude oil and NGLs, storing and terminaling propane, and gathering and disposing of produced water. It operates through gathering, processing, and storage, and terminaling and export segments, with the gathering segment contributing the maximum share of revenue and comprising natural gas gathering and compression, as well as crude oil gathering and produced water gathering and disposal assets.

HQ: Houston, TX195 employeesListed Apr 5, 2017hessmidstream.com

Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology