Hess Midstream LP
HESMEnergyNASDAQOil & Gas Midstream · Last scanned Jul 18, 2026
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Daily timeframeHess 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. At a $8.34B market cap, Hess Midstream LP ranks as a mid-cap company within energy. It operates through three segments: Gathering; Processing and Storage; and Terminaling and Export.
Market Cap
$8.34B
Beta
0.51
P/E (TTM)
13.86
P/E (Fwd)
13.27
EPS (TTM)
$2.91
EPS (Fwd)
$3.04
ROE
153.4%
ROA
14.7%
Cash
$4.6M
Total Debt
$3.77B
Free CF
$453.9M
52W Change
-1.6%
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. ROE of 153.4% points to exceptionally high capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. 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. The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing HESM.