Hess Midstream LP is a fee-based, growth-oriented limited partnership that owns, operates, develops, and acquires a portfolio of midstream assets. The company provides fee-based services to Chevron Corporation and generates all of its revenue by charging fees for gathering, compressing, and processing natural gas, fractionating NGLs, gathering, terminaling, loading, and transporting crude oil and NGLs, storing and terminaling propane, and gathering and disposing of produced water. It operates through gathering, processing, and storage, and terminaling and export segments, with the gathering segment contributing the maximum share of revenue and comprising natural gas gathering and compression, as well as crude oil gathering and produced water gathering and disposal assets.
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The chart shows the growth of an initial investment of $10,000 in Hess Midstream LP Class A Share representing a limited partner Interest, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Hess Midstream LP Class A Share representing a limited partner Interest (HESM) has returned 12.23% so far this year and 8.96% over the past 12 months. Looking at the last ten years, HESM has achieved an annualized return of 4.29%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of Hess Midstream LP Class A Share representing a limited partner Interest (HESM) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.57% | 10.51% | -1.02% | 0.67% | ||||||||
| 2025 | 8.75% | 3.68% | 1.15% | -11.69% | -0.70% | 3.47% | 12.98% | -4.59% | -15.73% | -1.51% | -0.71% | 2.80% |
| 2024 | 6.59% | -0.20% | 5.27% | -5.51% | 4.14% | 5.01% | 2.52% | -0.82% | -5.16% | -1.67% | 9.06% | -2.11% |
| 2023 | 2.93% | -9.50% | 5.39% | -2.20% | -3.89% | 9.89% | 1.43% | -7.43% | -0.24% | 2.95% | 10.12% | -2.59% |
| 2022 | 5.54% | 8.16% | -6.45% | -2.13% | 10.36% | -14.84% | 8.26% | -6.13% | -9.02% | 9.87% | 6.48% | -4.44% |
| 2021 | 7.30% | -2.10% | 4.86% | -1.33% | 13.96% | -1.10% | 1.97% | -0.54% | 9.09% | -9.36% | -4.11% | 10.79% |
| 2020 | 3.97% | -20.50% | -46.44% | 77.28% | 17.77% | -5.66% | -5.18% | 1.43% | -14.54% | 13.41% | 5.44% | 6.36% |
| 2019 | 29.38% | 7.22% | -7.75% | 3.66% | -12.79% | 1.14% | 2.23% | -6.04% | 1.58% | 10.19% | -2.34% | 10.58% |
| 2018 | 8.95% | -6.85% | -5.27% | 6.88% | 3.00% | -6.19% | 12.61% | 3.57% | 0.97% | -1.71% | -14.93% | -14.24% |
| 2017 | 0.31% | -10.20% | -12.54% | 3.02% | -0.52% | 3.53% | -9.44% | 5.28% | -6.73% |
The charts below present risk-adjusted performance metrics for Hess Midstream LP Class A Share representing a limited partner Interest (HESM) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of HESM compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current Hess Midstream LP Class A Share representing a limited partner Interest volatility is 0.99%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 4.39B | 3.79B | 3.59B | 3.49B | 3.37B | 3.28B | 2.82B | 2.64B |
| Equity Attributable To Parent (USD) | 568.30M | 340.20M | 245.10M | 204.10M | 125.00M | 131.50M | 516.80M | 520.80M |
| Equity Attributable To Noncontrolling Interest (USD) | -130.40M | 23.00M | 283.90M | 549.00M | 1.20B | 1.20B | 2.19B | 2.03B |
| Equity (USD) | 437.90M | 363.20M | 529.00M | 753.10M | 1.33B | 1.33B | 2.71B | 2.56B |
| Other Non-current Liabilities (USD) | - | 4.70M | 14.10M | - | 13.40M | 16.00M | - | - |
| Long-term Debt (USD) | 3.77B | 3.21B | 2.89B | 2.56B | 1.91B | 1.75B | - | - |
| Noncurrent Liabilities (USD) | 3.76B | 3.22B | 2.90B | 2.56B | 1.92B | 1.77B | 6.40M | 5.40M |
| Other Current Liabilities (USD) | 160.90M | 169.00M | - | - | - | - | - | - |
| Accounts Payable (USD) | 26.90M | 41.20M | - | - | - | - | - | - |
| Current Liabilities (USD) | 187.80M | 210.20M | 159.50M | 170.90M | 125.00M | 176.10M | 102.40M | 74.40M |
| Liabilities (USD) | 3.95B | 3.43B | 3.06B | 2.73B | 2.05B | 1.95B | 108.80M | 79.80M |
| Other Non-current Assets (USD) | 859.50M | 423.50M | 283.10M | 227.50M | 161.80M | 171.70M | 69.50M | 3.20M |
| Fixed Assets (USD) | 3.37B | 3.23B | 3.17B | 3.13B | 3.11B | 3.01B | 2.66B | 2.52B |
| Noncurrent Assets (USD) | 4.23B | 3.65B | 3.46B | 3.35B | 3.27B | 3.18B | 2.73B | 2.52B |
| Current Assets (USD) | 159.00M | 136.80M | 132.30M | 133.10M | 101.40M | 95.90M | 86.10M | 111.40M |
| Assets (USD) | 4.39B | 3.79B | 3.59B | 3.49B | 3.37B | 3.28B | 2.82B | 2.64B |
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