HESM NYSE
Hess Midstream LP
1W: +3.1%
1M: -18.5%
3M: -20.4%
YTD: -8.1%
1Y: -5.5%
3Y: +20.6%
5Y: +63.4%
$31.67
+0.49 (+1.57%)
After Hours: $31.75 (+0.08, +0.25%)
Weekly Expected Move ±8.5%
$25
$28
$31
$33
$36
Credit Risk of going bust: lower than 67% of companies Debt: 36.4% of company value Bonds: $382.5M held by 325 funds, 122 bp over Treasuries → details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.95 (down 97%), Hess Midstream LP would be worth roughly what it owes.
Total debt $3.68B against a stock market value of $6.43B.
Distance to default 7.11 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $1.86B (short-term plus half of long-term), stock volatility 27.0%; Altman Z'' 1.66. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $0.95 (down 97%), Hess Midstream LP would be worth roughly what it owes.
Total debt $3.68B against a stock market value of $6.43B.
Distance to default 7.11 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $1.86B (short-term plus half of long-term), stock volatility 27.0%; Altman Z'' 1.66. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Revenue by Segment (5-Year Trend)
Income Trends
Revenue
$1.6B
+8.7% ▲
5Y CAGR: +8.2%
Gross Profit
$1.0B
-19.6% ▼
5Y CAGR: +2.1%
Operating Income
$1.0B
+9.7% ▲
5Y CAGR: +11.8%
Net Income
$353M
+58.2% ▲
5Y CAGR: +71.2%
EPS (Diluted)
$2.86
+14.9% ▲
5Y CAGR: +16.9%
EBITDA
$1.2B
+9.0% ▲
5Y CAGR: +10.7%
Profit Margins
Year-over-Year Growth
View Full Income Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.3B | $1.3B | $1.5B | $1.6B |
| YoY Growth | +10.3% | +5.8% | +5.7% | +10.8% | +8.7% |
| Cost of Revenue | $166M | $181M | $192M | $203M | $585M |
| Gross Profit | $1.0B | $1.1B | $1.2B | $1.3B | $1.0B |
| Gross Margin | 86.2% | 85.8% | 85.7% | 86.4% | 63.9% |
| R&D Expenses | $0 | $0 | $0 | $0 | $0 |
| SG&A Expenses | $23M | $23M | $26M | $26M | $28M |
| Operating Expenses | $311M | $301M | $337M | $370M | $28M |
| Operating Income | $727M | $791M | $817M | $919M | $1.0B |
| Operating Margin | 60.4% | 62.1% | 60.7% | 61.6% | 62.2% |
| Interest Expense | $105M | $149M | $179M | $202M | $226M |
| Income Before Tax | $632M | $647M | $646M | $731M | $798M |
| Tax Expense | $15M | $27M | $38M | $72M | $114M |
| Net Income | $46M | $84M | $119M | $223M | $353M |
| Net Margin | 3.9% | 6.6% | 8.8% | 15.0% | 21.8% |
| EPS (Diluted) | $1.76 | $2.01 | $2.08 | $2.49 | $2.86 |
| EBITDA | $903M | $978M | $1.0B | $1.1B | $1.2B |
| Shares Outstanding | 26M | 41M | 56M | 89M | 123M |