Valuation dashboard for Hess Midstream LP (HESM) with P/E 11.12, P/B 7.91, EV/EBITDA 8.30 and dividend yield 9.73%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Energy companies.
Hess Midstream LP specializes in the ownership, development, operation, and acquisition of energy infrastructure assets positioned midstream in the value chain. The company organizes its business activities into three distinct operational segments: Gathering, Processing and Storage, and Terminaling and Export. The Gathering segment manages systems for the collection and compression of natural gas, the transportation of crude oil, and the disposal of produced water.
Analysis Summary
Hess Midstream LP reported revenue of $1.62B in the most recent fiscal year, growing at a 5-year CAGR of 8.2%. Net income reached $352.9M, with a 71.2% 5-year CAGR.
Trailing-twelve-month margins: gross margin 80.8%, operating margin 62.2%, net margin 23.3%.
At $32.25 (closing price, October 29, 2026), HESM trades at a P/E of 11.12 and an ROE of 69.02%. Market capitalisation stands at $6.6B.
Balance sheet quality for HESM: current ratio of 0.8. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 11.12 |
| Price / Book | 7.91 |
| EV / EBITDA | 8.30 |
| Dividend Yield | 9.73% |
Valuation Models
| DCF Fair Value | $50.45 |
| vs Current Price | +56.4% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| HESM | Hess Midstream LP | $6.6B | 11.12 | 7.91 | 69.0% |
| WMB | The Williams Companies, Inc. | $91.6B | 29.71 | 6.89 | 23.9% |
| EPD | Enterprise Products Partners L.P. | $80.3B | 12.91 | 2.82 | 21.2% |
| MPLX | MPLX Lp | $60.7B | 12.88 | 4.33 | 33.4% |
| TRGP | Targa Resources Corp. | $67.0B | 29.75 | 17.99 | 72.1% |
| WES | Western Midstream Partners, LP | $18.9B | 14.32 | 4.28 | 34.1% |
| DTM | DT Midstream, Inc. | $13.0B | 27.85 | 2.71 | 9.9% |
| AM | Antero Midstream Corporation | $10.2B | 25.62 | 4.61 | 33.5% |
Price
| Price | $32.25 (closing price, October 29, 2026) |
| Market Cap | $6.6B |
| Exchange | NYSE |
| Country | US |
Profitability
| Return on Equity | 69.02% |
| Return on Invested Capital | 20.77% |
| Return on Assets | 8.81% |
| Gross Margin | 80.77% |
| Operating Margin | 62.21% |
| Net Margin | 23.29% |
Related companies: WMB · EPD · MPLX · TRGP · WES · DTM · AM · DKL
Explore sector: Energy · Oil & Gas Midstream
More sections of HESM: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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