Hess Midstream LP Website

Hess Midstream LP

NYSE-HESM

Company Overview

Hess Midstream LP owns, develops, operates, and acquires midstream assets. The company operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and compression; crude oil gathering systems; and produced water gathering and disposal facilities. Its gathering systems consists of approximately 1,350 miles of high and low pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 450 million cubic feet per day; and crude oil gathering system comprises approximately 550 miles of crude oil gathering pipelines. The Processing and Storage segment comprises Tioga Gas Plant, a natural gas processing and fractionation plant located in Tioga, North Dakota; a 50% interest in the Little Missouri 4 gas processing plant located in south of the Missouri River in McKenzie County, North Dakota; and Mentor Storage Terminal, a propane storage cavern and rail, and truck loading and unloading facility located in Mentor, Minnesota. The Terminaling and Export segment owns Ramberg terminal facility; Tioga rail terminal; and crude oil rail cars, as well as Johnson's Corner Header System, a crude oil pipeline header system. Hess Midstream LP was founded in 2014 and is based in Houston, Texas.

  • Name

    Hess Midstream LP

  • CEO

    Jonathan C. Stein

  • Website

    www.hessmidstream.com

  • Sector

    Oil, Gas and Consumable Fuels

  • Year Founded

    2014

Company Statistics

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What's happening

Nov 4, 2025 - Dec 4, 2025

Hess Midstream LP Faces Market Headwinds Despite Positive Earnings Report

  • Hess Midstream LP reported third-quarter earnings that exceeded expectations, with earnings per share at $0.75 compared to the anticipated $0.71.
  • The company’s adjusted EBITDA of $320.7 million fell slightly short of estimates, raising concerns about future profitability amid challenging market conditions.
  • Hess Midstream LP underperformed relative to both the S&P 500 and the Energy sector during this period.

Over the past month, Hess Midstream LP (HESM) experienced a decline of 3.9%, while the S&P 500 saw a slight drop of 0.3%. This performance indicates an underperformance of 3.7% relative to the S&P index and is particularly concerning when compared to the Energy sector (XLE), where HESM lagged by 8.1%. A significant event impacting HESM occurred on November 3, when it reported its third-quarter earnings results.

The quarterly results were largely positive; actual earnings per share reached $0.75, surpassing expectations of $0.71, alongside strong revenue figures at $420.9 million against an anticipated $419.3 million. However, despite these encouraging numbers, mixed signals regarding operational performance contributed to bearish sentiment surrounding HESM's stock price throughout the month.

Adjusted EBITDA came in at $320.7 million—slightly below estimates—and projections for fourth-quarter adjusted EBITDA range from $315 million to $325 million with full-year projections between $1.25 billion and $1.26 billion indicating potential challenges ahead for profitability in subsequent quarters.

While CEO comments emphasized solid operational performance and cost reduction efforts as reassuring factors for investors, overall reactions remained cautious due to broader market conditions affecting energy stocks during this timeframe.

In summary, despite better-than-expected quarterly results that initially buoyed its stock price by approximately 6% on reporting day alone, ongoing concerns about future profitability amidst a challenging macroeconomic landscape negatively impacted trading sessions thereafter. Hess Midstream LP underperformed the Energy (XLE) sector by -8.1%.

NYSE:HESM