Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
How It Works 
News - Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI Summary - About
Hess Midstream Partners LP(HESM)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for HESM
10/23/2026: HESM (3-star) is currently NOT-A-BUY. Pass it for now.
Hess Midstream Partners LP is a fee-based midstream company focused on gathering, processing, and transporting oil and gas in the Bakken shale. The company benefits from stable, long-term contracts with its sponsor, Hess Corporation, which provides predictable cash flows and supports reliable dividend growth. Its primary strength lies in this integrated service model and a strong, conservative balance sheet. Key risks include significant customer concentration and regional dependence on the Williston Basin's production cycles. The stock is best suited for income-focused investors, though market participants should monitor parent-level corporate developments and regional drilling activity to assess long-term performance stability.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The growth profile is stable and steady rather than high-growth/transformational. |
| Momentum investor | Weak fit | The stock typically exhibits low volatility and follows gradual trends rather than rapid price surges. |
| Value investor | Mixed fit | Valuation is often tied to dividend yield and yield spreads rather than deep-value multiples. |
| Dividend investor | Strong fit | The company's fee-based model supports reliable, growing quarterly dividend distributions. |
| Low-risk investor | Strong fit | Its predictable cash flows and strong sponsor backing make it suitable for risk-averse, income-focused portfolios. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Low | Fee-based contracts insulate the company from direct commodity price fluctuations. |
| Valuation risk | Medium | Pricing is sensitive to interest rate environments and yield spread requirements. |
| Competition risk (Bakken Gathering) | Medium | Concentration in the Bakken makes it susceptible to local competitive infrastructure developments. |
| Business quality | Strong | The strong sponsor link and fee-based revenue ensure high business quality. |
| Dividend income | Low | The business model is specifically designed to support long-term, stable dividend income. |
| Execution risk | Low | The company has a long track record of operational efficiency and project delivery. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit 23.15% | Avg. Invested days 57 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/23/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 6.31B USD | Price to earnings Ratio 10.56 | 1Y Target Price 33.43 |
Price to earnings Ratio 10.56 | 1Y Target Price 33.43 | ||
Volume (30-day avg) 2.5M shares | Beta 0.56 | 52 Weeks Range 29.52 - 41.32 | Updated Date 10/24/2026 |
52 Weeks Range 29.52 - 41.32 | Updated Date 10/24/2026 | ||
Dividends yield (FY) 10.28% | Basic EPS (TTM) 2.9 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Gathering & Processing | Pipelines, compression, and processing plants. | The company earns stable fees for moving and treating oil and gas. |
| Terminaling & Export | Storage and export terminal facilities. | The company earns fees for storing and loading products for transport. |
| Geography: Williston Basin | All infrastructure assets located in the North Dakota/Bakken region. | Revenue is heavily dependent on production activity in this specific region. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE 10.56 | Forward PE 9.91 | Enterprise Value 8.21B | Price to Sales(TTM) 3.91 |
Enterprise Value 8.21B | Price to Sales(TTM) 3.91 | ||
Enterprise Value to Revenue 5.24 | Enterprise Value to EBITDA 6.88 | Shares Outstanding 128.35M | Shares Floating 127.59M |
Shares Outstanding 128.35M | Shares Floating 127.59M | ||
Percent Insiders 0.86 | Percent Institutions 89.78 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.