Hess Midstream stock remains stagnant due to uncertainty around Chevron's Bakken acreage strategy. Chevron is evaluating the profitability of the Bakken assets; until a clear, positive outcome emerges, HESM's long-term value remains uncertain. Second quarter results showed slightly lower EBITDA and net income, but free cash flow improved due to reduced capital expenditures.
Hess Midstream (HESM) remains a compelling Buy, offering a 7.93% forward yield and the sector's cheapest EV/EBITDA multiple. Q2 2026 saw earnings and free cash flow growth, margin expansion to 85%, and another distribution increase, reaffirming robust income stability. Management reaffirmed full-year guidance, targets 5% annual distribution growth through 2028, and is on track to reduce leverage to 2.5x by 2028.
Brian, a caller from Pennsylvania, phoned in to Mad Money on August 13, 2026 with a stock his son had been researching.
Hess Midstream Partners NYSE: HESM reported higher second-quarter net income and adjusted EBITDA, supported by lower operating expenses and general and administrative savings, while reaffirming its full-year financial outlook and plans for shareholder returns and debt reduction.
Key Points in This Article: Exxon Mobil's (XOM) Q2 earnings beat expectations despite a profit decline due to lower oil prices, highlighting its resilience through record production.
For nearly the same price, nuclear will generate far more power — and a lot more headaches.
Hess (HES) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
HES exits Suriname's offshore Block 59, capping years of risky exploration after XOM and EQNR pulled out earlier.
The arbitration decision on Exxon Mobil's right of first refusal is imminent. Retail shareholders are disadvantaged by Hess's limited information disclosure during the prolonged acquisition timeline. Guyana production growth, driven by new FPSOs, is rapidly increasing Hess's value and future earnings potential.
The arbitrators in a legal dispute between Exxon Mobil and Hess have reached a decision related to a major oilfield project in Guyana, according to two sources familiar with the matter, with the ruling determining whether Chevron can move forward with its planned acquisition of Hess.
Hess (HES) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Hess Midstream offers value whether Chevron acquires it or not; both scenarios are beneficial for shareholders at current prices, supporting my Buy rating. If Chevron acquires Hess, I expect them to pursue Hess Midstream, likely paying a premium. If the Chevron-Hess deal fails or Chevron divests Bakken assets, Hess Midstream remains slightly undervalued based on my DCF model and stable long-term contracts.