Hess Midstream Partners LP
I · AI Analysis
The brief
Hess Midstream operates fee-based infrastructure that gathers, processes, stores, and exports oil and natural gas for its sponsor (Hess Corporation), its subsidiaries, and third-party customers in the Bakken Shale region [Yahoo Finance]. The company owns approximately 1,430 miles of gas pipelines, 615 miles of crude oil pipelines, the Tioga Gas Plant processing facility, and rail/truck terminals for moving energy products to market [Yahoo Finance].
Hess Midstream LP is a fee-based midstream energy company that owns and operates natural gas gathering, processing, crude oil gathering, and export terminals serving the Bakken Shale in North Dakota and Minnesota [Yahoo Finance]. The company reported $1.6 billion in revenue with strong margins (63.9% gross, 21.8% net) and generates $728 million in free cash flow annually [Yahoo Finance]. Institutional ownership shows notable recent accumulation, with several funds increasing stakes by over 20% in the latest quarter [EODHD].
Hess Midstream is financially healthy with robust cash generation and manageable leverage [Yahoo Finance].
Sentinellis health
7.4/10
Moderate concerns
Market capitalisation
$8.4B
Revenue (TTM)
$1.6B
Explainers
How we read these numbers
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ReadII · Recent news
What moved
1 story · ranked by relevance
- Macro2026-05-14
Hess Midstream Partners (HESM) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks
Premium · Free with any account
Hess Midstream is heavily dependent on its sponsor, Hess Corporation, and its drilling activity in the Bakken Shale—crude oil throughput volumes of 110 MBbl/d in Q1 2026 fell short of analyst estimates of 117.92 MBbl/d, indicating potential slowdown in upstream production [Zacks].
Risks
4
Opportunities
4
Red flags
2
Leadership
5
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