Hess Midstream (HESM)

• Market cap: $5.59B
• 1 day: 3.47%
• 5 days: 9.58%
• 1 month: 10.83%
• 3 months: 14.82%
• 6 months: 1.84%
• Year to date: 13.54%
• 1 year: 13.15%
• 5 years: 139.78%
• 10 years: 66.72%
• Sector: Energy
• Industry: Oil & Gas Midstream

About: Hess Midstream LP owns, operates, develops, and acquires a diverse set of midstream assets and provides fee-based services to Hess and third-party customers. It conducts its business through three operating segments: gathering, processing and storage, and terminaling and exporting. The company derives the maximum revenue from the gathering segment. Its gathering segment consists of the following assets namely Natural Gas Gathering and Compression; Crude Oil Gathering and Produced Water Gathering and Disposal.

Employees: 220

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

512% more call options, than puts

Call options by funds: $46.7M | Put options by funds: $7.62M

66% more repeat investments, than reductions

Existing positions increased: 116 | Existing positions reduced: 70

33% more funds holding in top 10

Funds holding in top 10: 6 [Q4 2024] → 8 (+2) [Q1 2025]

30% more capital invested

Capital invested by funds: $3.55B [Q4 2024] → $4.6B (+$1.06B) [Q1 2025]

16% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 38

1% more funds holding

Funds holding: 267 [Q4 2024] → 270 (+3) [Q1 2025]

1.02% more ownership

Funds ownership: 91.98% [Q4 2024] → 93.0% (+1.02%) [Q1 2025]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $47 10% upside
• Avg. target: $48 11% upside
• High target: $48 12% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Wells Fargo Praneeth Satish	10% upside $47	Overweight Upgraded	25 Jul 2025
Morgan Stanley Robert Kad	12% upside $48	Equal-Weight Reinstated	25 Jul 2025