Latest revenue
$388.7M
as of 2026-03-31
Latest net income
$87.6M
as of 2026-03-31
Net margin
22.5%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $5.22B
- Enterprise value
- $5.22B
- P/E (trailing)
- 14.8×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 7.5%
- 52-wk high
- $44.14
- 52-wk low
- $31.63
- Beta
- —
- Shares out
- 128.4M
5-year trend
What this company does
ITEMS 1 and 2. BUSINESS AND PROPERTIES Overview We are a fee-based, growth-oriented, limited partnership that owns, operates, develops and acquires a diverse set of midstream assets and provides fee-based services to Hess Corporation (“Hess”) and third-party customers. We are managed and controlled by Hess Midstream GP LLC (“GP LLC”), the general partner of our general partner. Our assets are primarily located in the Bakken and Three Forks shale plays in the Williston Basin area of North Dakota, which we collectively refer to as the Bakken and which is one of the most prolific crude oil producing basins in North America. Hess dedicated substantially all of its existing and future owned or…
AI summary unavailable — showing raw filing excerpt
Generated from HESM's filing dated 2024-02-29
Key risks
ITEM 1A. RISK FACTORS Our business activities and the value of our securities are subject to a variety of risks. The following disclosures reflect our beliefs and opinions as to factors that could materially and adversely affect us in the future. References to past events are provided by way of example only and are not intended to be a complete listing or a representation as to whether or not such factors have occurred in the past or their likelihood of occurring in the future. Risk Factors Summary Risks Related to Our Relationship with Chevron •We are substantially dependent on Chevron and subject to many of the same risks facing Chevron. •Chevron may suspend, reduce or terminate its…
AI summary unavailable — showing raw filing excerpt
Generated from HESM's filing dated 2024-02-29
Profitability
Operating margin
62.2%
1.2%Net margin
21.8%
45.9%Return on assets
8.0%
49.6%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $388.7M | +2.0% | $87.6M | +22.3% | 22.5% |
Q4 2025 2025-12-31 | $407.2M | +2.2% | $93.3M | +32.5% | 22.9% |
Q3 2025 2025-09-30 | $419.6M | +11.1% | $97.7M | +66.7% | 23.3% |
Q2 2025 2025-06-30 | $413.5M | +13.4% | $90.3M | +82.4% | 21.8% |
Q1 2025 2025-03-31 | $381.0M | +7.4% | $71.6M | +60.5% | 18.8% |
Q4 2024 2024-12-31 | $398.6M | — | $70.4M | — | 17.7% |
Q3 2024 2024-09-30 | $377.6M | +4.5% | $58.6M | +66.0% | 15.5% |
Q2 2024 2024-06-30 | $364.6M | +13.3% | $49.5M | +97.2% | 13.6% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Crude Petroleum & Natural Gas · SIC 1311
Your notes
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Insider activity
Insider buying
$0
Insider selling
$556.5M
Net activity
−$556.5M
Distinct insiders
3
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns HESM
Institutional value
$2.54B
Total shares held
65.6M
Distinct holders
170
-97 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | ALPS ADVISORS INC | 30.9M | $1.20B | +577.1K (+1.9%) | Added |
| 2 | Invesco Ltd. | 7.2M | $279.2M | +563.1K (+8.5%) | Added |
| 3 | Bank of New York Mellon Corp | 3.8M | $145.8M | +1.5M (+67.5%) | Added |
| 4 | TD ASSET MANAGEMENT INC | 2.2M | $85.6M | -425.3K (-16.2%) | Trimmed |
| 5 | UBS Group AG | 2.0M | $76.3M | -74.2K (-3.6%) | Trimmed |
| 6 | JPMORGAN CHASE & CO | 1.8M | $72.7M | +102.4K (+5.9%) | Added |
| 7 | Clearbridge Investments, LLC | 1.7M | $66.4M | +62.4K (+3.8%) | Added |
| 8 | CI INVESTMENTS INC. | 1.6M | $60.3M | -20.4K (-1.3%) | Trimmed |
| 9 | KAYNE ANDERSON CAPITAL ADVISORS LP | 1.5M | $58.7M | -134.5K (-8.2%) | Trimmed |
| 10 | MILLER HOWARD INVESTMENTS INC /NY | 1.5M | $58.0M | +45.6K (+3.2%) | Added |
| 11 | Fractal Investments LLC | 1.2M | $46.1M | +0 (+0.0%) | No change |
| 12 | FIRST TRUST ADVISORS LP | 959.3K | $37.3M | +248.0K (+34.9%) | Added |
| 13 | BlackRock, Inc. | 892.0K | $34.7M | +18.9K (+2.2%) | Added |
| 14 | CIBC Bancorp USA Inc. | 779.3K | $30.3M | — | New |
| 15 | VANGUARD PORTFOLIO MANAGEMENT LLC | 725.6K | $28.2M | — | New |
| 16 | LONGFELLOW INVESTMENT MANAGEMENT CO LLC | 570.2K | $22.2M | +45.0K (+8.6%) | Added |
| 17 | Allianz Asset Management GmbH | 415.9K | $16.2M | +955 (+0.2%) | Added |
| 18 | JENNISON ASSOCIATES LLC | 367.7K | $14.3M | +16.1K (+4.6%) | Added |
| 19 | Swiss National Bank | 243.3K | $9.5M | -2.3K (-0.9%) | Trimmed |
| 20 | NORDEA INVESTMENT MANAGEMENT AB | 232.8K | $9.2M | -9.8K (-4.1%) | Trimmed |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once HESM's latest filing finishes processing.