Hess Midstream LP Overview
Industry: Oil & Gas Midstream
Sector: Energy
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 systems; crude oil gathering systems; and produced water gathering and disposal facilities. Its gathering systems consists of approximately 1,380 miles of high and low pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 590 million cubic feet per day; crude oil gathering system comprises approximately 560 miles of crude oil gathering pipelines; and produced water gathering system that includes approximately 290 miles of pipelines in gathering systems. 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. 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 systems; crude oil gathering systems; and produced w Read MoreMavefund brings filings, fundamentals, valuation, price history and news for Hess Midstream LP into one research view. The sections below show what strengthens or weakens the research case.
Score
Reported Results
What the company reported, with filing details kept small.
Quarterly result summary
Revenue was $390.1M (reported). Operating income was $238.1M (+0% YoY). Net income was $157.7M.
Revenue
$390.1M
reported
Operating income
$238.1M
+0% YoY
Net income
$157.7M
reported
Adjusted EBITDA
$299.8M
reported
What changed
- Revenue reported to $390.1M.
- Capital return update: free cash flow $237M.
- Operating income +0% YoY to $238.1M.
Guidance / outlook
No formal outlook was extracted from this filing excerpt. Open the SEC source to review full management commentary.
Earnings release
Open filing
Source: SEC EDGAR company-filed earnings materials. Dates are shown only for verification; review the source filing before relying on extracted report details.
Prediction-grade evidence
Recent News
Company-relevant articles from sources that pass the Mave Signal relevance and reliability checks.
Hess Midstream LP Schedules Earnings Release Conference Call
Headline from Business Wire: Hess Midstream LP Schedules Earnings Release Conference Call.
WEEKLY MACRO BRIEF | Retirement Income Warrior™ Intelligence (NYSE:HESM)
Headline from Seeking Alpha: WEEKLY MACRO BRIEF | Retirement Income Warrior™ Intelligence (NYSE:HESM).
BUY ALERT | Retirement Income Warrior™ Intelligence (NYSE:HESM)
Headline from Seeking Alpha: BUY ALERT | Retirement Income Warrior™ Intelligence (NYSE:HESM).
Earnings Per Share
Score 3.00/5
Hess Midstream LP boasts a high score, as its Earnings Per Share (EPS) has demonstrated consistent growth over the past six years. Notable counterparts in the sector with high scores includes
Texas Pacific Land Corp
ENTERPRISE PRODUCTS PARTNERS L.P.
Antero Midstream Corp
In
Oil & Gas Midstream industry
, ENTERPRISE PRODUCTS PARTNERS L.P.
, Antero Midstream Corp
, Western Midstream Partners, LP
are companies with high ratings.
Return on Equity
Score 1.97/5
Hess Midstream LP exhibits a lower score in the Return on Equity (ROE) section, falling below the sector median value and indicating a comparatively weaker performance in this metric. The top companies in the same sector include
Texas Pacific Land Corp
ENTERPRISE PRODUCTS PARTNERS L.P.
Antero Midstream Corp
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Net Margin
Score 3.82/5
Hess Midstream LP
commands a high score, propelled by its net margin consistently outpacing the sector median value and exhibiting continuous growth in recent six years; noteworthy counterparts in the sector, boasting similarly high scores, include
Texas Pacific Land Corp
ENTERPRISE PRODUCTS PARTNERS L.P.
Antero Midstream Corp
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Leverage
Score 1.22/5
Hess Midstream LP
registers a lower score in the category as a result of its elevated leverage ratio over the past six years compared to the sector median value. Conversely, other companies in the same sector, including
Texas Pacific Land Corp
ENTERPRISE PRODUCTS PARTNERS L.P.
Antero Midstream Corp
have achieved high scores.
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Financial Statements
Company-reported SEC EDGAR facts organized into the three core statements.
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Source: SEC EDGAR companyfacts. Values are standardized company filings for research support, not personalized financial advice.
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