Hess Midstream LP
HESMEnergyNASDAQOil & Gas Midstream · Last scanned May 28, 2026
Scan Results
Daily timeframe1 of 4 indicators bearish as of May 27
Hess Midstream LP acquires, owns, operates, and develops midstream assets and provide fee-based services to sponsor, its subsidiaries, and third-party customers in the United States. Valued at $7.93B, HESM is a mid-cap name in its sector. It operates through three segments: Gathering; Processing and Storage; and Terminaling and Export.
Market Cap
$7.93B
Beta
0.52
P/E (TTM)
13.28
P/E (Fwd)
12.57
EPS (TTM)
$2.89
EPS (Fwd)
$3.05
ROE
153.4%
ROA
14.7%
Cash
$4.6M
Total Debt
$3.77B
Free CF
$453.9M
52W Change
2.9%
Annual Financials
Cash vs Debt
On the balance sheet, HESM has $4.6M in cash with $3.77B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Annual free cash flow of $453.9M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. Return on equity stands at 153.4%, which is exceptionally high for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Return on assets of 14.7% further supports the picture of efficient asset utilization. Revenue has grown from $1.27B (2022) to $1.62B (2025), reflecting a 27% increase over the period.
HESM's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Hess Midstream LP and its sector.