Hess Midstream

HESM

Market cap $5.12B

HOUSTON--(BUSINESS WIRE)--Hess Midstream LP Schedules Earnings Release Conference Call.

Hess Midstream faces risk as its core Bakken acreage remains high-cost and lacks profitability. Both HESM and Chevron confirm Bakken production will remain flat at 200,000 BOED. The rig count is now down to three. The lack of production growth limits HESM's future prospects.  Current dividend increases serve as a short-term distraction.

Hess Midstream LP (HESM) remains a Buy, demonstrating strong cash flow, resilient financials, and a sustainable, competitive yield despite macro uncertainty. HESM pivots from heavy CAPEX to capital returns, targeting 5% distribution growth through 2028, with recent buybacks and targeting leverage reduction below 2.5x Adj. EBITDA. Guidance calls for Adj. FCF to reach $850–900 million, growing 10% annually, supporting an 8.4% yield and 76% payout ratio by 2026.

Hess Midstream remains a "Strong Buy," offering an 8% yield and 5%+ distribution growth, with fair value seen near $45. HESM's revenue is protected by long-term, inflation-linked fee contracts and minimum volume commitments, mitigating commodity price risk through at least 2028. Lower capex and disciplined capital allocation are driving higher free cash flow, supporting both buybacks and leverage reduction toward 2.75x.

Hess Midstream stock has increased its dividend for an astonishing 39 consecutive quarters, stretching back to 2017.

The war in Iran has sent the energy sector soaring. However, two high-yielding names have been mostly left behind. I detail why I think these could be the most compelling buys in energy right now.

Hess Midstream Partners (HESM) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Hess Midstream ( NYSE:HESM ) just wrapped up a multiyear infrastructure buildout, and CEO Jonathan Stein is telling investors the hard work is done.

Hess Midstream LP  ( NYSE:HESM ), the fee-based, growth-oriented midstream energy company, announced a $60 million equity repurchase on March 3, 2026, the latest move in a capital return program that has returned hundreds of millions to shareholders annually.

Energy Transfer owns and holds an interest in multiple major midstream energy infrastructure assets, and remains well positioned to sustain further distribution growth. Hess Midstream is utilizing both cash distributions and share repurchases to return capital to shareholders.