While the top- and bottom-line numbers for Hess Midstream Partners (HESM) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Although the revenue and EPS for Hess Midstream Partners (HESM) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Hess Midstream LP (HESM) Q1 2026 Earnings Call Transcript
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| KW Kevin Warman INVESTMENT MANAGEMENT Corp. /VA/ /ADV | 13,016 | $496,156.14 | $515,173.28 | $19,017.14 | 3.83% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 9 | $310.5 | $355.54 | $45.04 | 14.51% |
Bridgewater Associates LP Bridgewater Associates LP | 46,204 | $1.6M | $1.83M | $229,633.81 | 14.38% |
Jeff Ameen Spire Wealth Management | 422 | $12,924.83 | $16,816.7 | $3,891.87 | 30.11% |
Joseph Castro Nuveen LLC | 10,262 | $365,213.6 | $404,989.83 | $39,776.23 | 10.89% |
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Jonathan C. Stein CEO | NYSE Exchange | 428103105 CUSIP |
| US Country | 195 Employees | 7 May 2026 Last Dividend | - Last Split | 5 Apr 2017 IPO Date |
Hess Midstream LP is an integral player in the midstream sector of the United States energy industry. The company was established in 2014 with a headquarters in Houston, Texas. It specializes in owning, developing, operating, and acquiring a broad range of midstream assets. Hess Midstream LP is dedicated to providing fee-based services to its parent company, Hess Corporation, as well as to third-party customers. The company’s operations are segmented into Gathering; Processing and Storage; and Terminaling and Export. Through these segments, Hess Midstream LP delivers a comprehensive suite of services that are essential for the efficient transportation and processing of oil and gas. The company's strategic asset base and focus on fee-based services position it as a critical link in the energy supply chain.
This segment comprises natural gas gathering and compression systems, crude oil gathering systems, and produced water gathering and disposal facilities. The gathering systems include approximately 1,410 miles of high and low-pressure natural gas and natural gas liquids pipelines with a capacity of around 660 million cubic feet per day. The crude oil gathering system consists of roughly 570 miles of pipelines, alongside a produced water gathering system that incorporates about 300 miles of pipelines. These systems are designed to efficiently collect and transport raw production from wells to processing facilities.
In this segment, Hess Midstream LP operates the Tioga Gas Plant, a natural gas processing and fractionation plant located in Tioga, North Dakota. The company also holds a 50% interest in the Little Missouri 4 gas processing plant situated south of the Missouri River in McKenzie County, North Dakota. Additionally, it operates the Mentor Storage Terminal, which is a propane storage cavern and offers rail and truck loading and unloading facilities in Mentor, Minnesota. These facilities play a vital role in preparing natural gas and natural gas liquids for market distribution.
This segment focuses on the terminaling and export services provided by Hess Midstream LP, including the operation of the Ramberg terminal facility and the Tioga rail terminal. The company also manages crude oil rail cars and maintains other Dakota Access Pipeline connections. The Johnson's Corner Header System, a crude oil pipeline header system, falls under this segment as well. These assets are crucial for the storage, terminaling, and transfer of hydrocarbon products to end markets.