Hess Midstream

HESM

Market cap $4.55B

HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP ANNOUNCES 2026 GUIDANCE, EXTENDS RETURN OF CAPITAL PROGRAM.

Hess Midstream (HESM) is rated a strong buy, offering an 8.8% yield, robust free cash flow, and downside protection via minimum volume commitments through 2033. HESM pivots from growth to maximizing shareholder returns, with distribution growth of 5% annually through 2027 fully covered by cash flow and CPI-linked fee escalators. Buybacks are highly accretive at current prices, with potential for $200 million in repurchases next year and leverage maintained at a conservative 3x.

TC Energy benefited from positive results in 2Q25, beating estimates, with EBITDA guidance being modestly raised, and the current capex remaining static. Enbridge has vast scale across oil, gas, utilities and renewables. Enbridge's strategy is to focus on a steady dividend, coupled with modest growth. Earlier in the year, ONEOK missed 7-8% on EBITDA, which hurt performance for the company.

I share two dirt-cheap high-quality dividend growth stocks with yields up to 9%. Strong dividends, buybacks, and deep discounts combine for a rare risk-reward setup. I detail why this Thanksgiving, I am expressing gratitude for these two Black Friday bargains.

Hess Midstream LP offers a compelling >9% yield, strong free cash flow, and resilient financials despite recent stock pressure and industry headwinds. HESM maintains a solid payout ratio, ongoing buybacks, and financial flexibility, even as macro uncertainty and Chevron's rig cuts pressure near-term growth. Long-term prospects are driven by rising natural gas demand, LNG expansion, and Chevron's leadership influence, positioning HESM for solid returns.

Just as we grew accustomed to the likelihood of a third federal rate cut in December, some inflation data and a host of other factors led some on Wall Street to call for the Federal Reserve to hold off in December and perhaps wait until the first meeting in 2026.

While the top- and bottom-line numbers for Hess Midstream Partners (HESM) give a sense of how the business performed in the quarter ended September 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Hess Midstream LP ( HESM ) Q3 2025 Earnings Call November 3, 2025 10:00 AM EST Company Participants Jennifer Gordon - Vice President of Investor Relations Jonathan Stein - Chief Executive Officer Michael Chadwick - Chief Financial Officer Conference Call Participants Jeremy Tonet - JPMorgan Chase & Co, Research Division Douglas Irwin - Citigroup Inc., Research Division Praneeth Satish - Wells Fargo Securities, LLC, Research Division John Mackay - Goldman Sachs Group, Inc., Research Division Presentation Operator Good day, ladies and gentlemen, and welcome to the Third Quarter 2025 Hess Midstream Conference Call. My name is Gigi, and I'll be your operator for today.

HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream” or the “Company”) today reported third quarter 2025 net income of $175.5 million compared with net income of $164.7 million for the third quarter of 2024. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $97.7 million, or $0.75 basic earnings per Class A share, compared with $0.63 basic earnings per Class A share in the third quarter of 2024. Hess Midstream generated Adjusted EB.

HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP Announces Distribution Per Share Level Increase.