Hess Midstream (HESM)

Hess Midstream Operations LP • Hess Infrastructure Partners Holdings LLC • Hess Infrastructure Partners LP • Hess Midstream Holdings LLC • Hess Midstream Partners GP LLC • Hess Midstream Partners GP LP • Hess North Dakota Pipelines Operations LP • Hess North Dakota Pipelines Holdings LLC • Hess North Dakota Pipelines LLC • Hess Water Services Holdings LLC ...

HESM stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

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27 Feb 25

Hess Midstream LP Announces Secondary Public Offering of Class a Shares

12 Feb 25

424B7

Prospectus with selling stockholder info

11 Feb 25

424B7

Prospectus with selling stockholder info

10 Feb 25

8-K

Hess Midstream LP Reports Estimated Results for the Fourth Quarter of 2024

29 Jan 25

8-K

Hess Midstream LP Announces Signing of Accretive $100 Million Sponsor Unit Repurchase

6 Nov 24

Hess Midstream LP Reports Estimated Results for the Third Quarter of 2024

30 Oct 24

Conflict minerals disclosure

24 Sep 24

8-K

Hess Midstream LP Announces Secondary Public Offering of Class a Shares

20 Sep 24

Transcripts

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HESM

Earnings call transcript

2024 Q4

29 Jan 25

HESM

Earnings call transcript

2024 Q3

30 Oct 24

HESM

Earnings call transcript

2024 Q2

31 Jul 24

HESM

Earnings call transcript

2024 Q1

25 Apr 24

HESM

Earnings call transcript

2023 Q4

31 Jan 24

HESM

Earnings call transcript

2023 Q2

26 Jul 23

HESM

Earnings call transcript

2023 Q2

26 Jul 23

HESM

Earnings call transcript

2023 Q1

26 Apr 23

HESM

Earnings call transcript

2022 Q4

25 Jan 23

HESM

Earnings call transcript

2022 Q3

26 Oct 22

Latest ownership filings

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Change in insider ownership

19 Feb 25

Change in insider ownership

19 Feb 25

SC 13D/A

BlackRock Portfolio Management LLC

19 Feb 25

Change in insider ownership

13 Feb 25

Change in insider ownership

Hess Investments North Dakota LLC

12 Feb 25

SC 13D/A

BlackRock Portfolio Management LLC

12 Feb 25

Initial statement of insider ownership

30 Jan 25

SC 13D

BlackRock Portfolio Management LLC

30 Jan 25

Financial summary

Financial statements Chart HESM financial data

Quarter (USD)	Dec 24	Sep 24	Jun 24	Mar 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 23	Dec 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	4.30 mm	4.30 mm	4.30 mm	4.30 mm	4.30 mm	4.30 mm
Cash burn (monthly)	2.00 mm	91.67 k	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	4.16 mm	190.73 k	n/a	n/a	n/a	n/a
Cash remaining	138.60 k	4.11 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	0.1	44.8	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2024

HESM institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	271	259	+4.6%
Opened positions	44	42	+4.8%
Closed positions	32	29	+10.3%
Increased positions	106	123	-13.8%
Reduced positions	72	44	+63.6%

13F shares	Current	Prev Q	Change
Total value	3.42 tn	3.19 tn	+7.2%
Total shares	358.78 mm	357.19 mm	+0.4%
Total puts	223.00 k	247.20 k	-9.8%
Total calls	361.80 k	549.50 k	-34.2%
Total put/call ratio	0.6	0.4	+37.0%

Largest owners	Shares	Value	Change
GIP II Blue Holding Partnership	115.03 mm	$2.91 bn	0.0%
Hess Investments North Dakota	82.88 mm	$2.97 bn	0.0%
GIP II Blue Holding	32.84 mm	$1.17 bn	0.0%
CI Global Investments	25.04 mm	$630.23 mm	0.0%
Alps Advisors	20.10 mm	$744.47 bn	+22.5%
Tortoise Capital Advisors, L.L.C.	7.58 mm	$280.73 bn	+1.1%
GS The Goldman Sachs Group, Inc.	6.58 mm	$243.61 bn	+7.3%
Goldman Sachs Asset Management	5.25 mm	$181.98 mm	0.0%
MIRAE ASSET GLOBAL ETFS	5.01 mm	$185.56 bn	+11.0%
IVZ Invesco	4.09 mm	$151.49 bn	+4.9%

Largest transactions	Shares	Bought/sold	Change
Alps Advisors	20.10 mm	+3.70 mm	+22.5%
Citadel Advisors	175.14 k	-1.30 mm	-88.1%
BX Blackstone	1.87 mm	-993.64 k	-34.7%
Yaupon Capital Management	282.20 k	-967.80 k	-77.4%
Millennium Management	973.48 k	-671.19 k	-40.8%
Zimmer Partners	632.32 k	+632.32 k	NEW
WHG Westwood	1.38 mm	-594.38 k	-30.1%
Marshall Wace	0.00	-533.55 k	EXIT
HITE Hedge Asset Management	530.43 k	+530.43 k	NEW
Deutsche Bank AG - Registered Shares	1.41 mm	+506.43 k	+56.3%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

HESM insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
19 Feb 25	Hess Infrastructure Partners GP	Class B Shares	Other	Dispose J	Yes	No	0	3,300,000	0.00	35,372,806
19 Feb 25	BlackRock Portfolio Management	Class A Shares	Sell	Dispose S	Yes	No	39.11	1,650,000	64.53 mm	0
19 Feb 25	BlackRock Portfolio Management	Class A Shares	Conversion	Acquire C	Yes	No	0	1,650,000	0.00	1,650,000
19 Feb 25	BlackRock Portfolio Management	Class B Shares	Other	Dispose J	Yes	No	0	1,650,000	0.00	17,686,403
19 Feb 25	BlackRock Portfolio Management	Opco Class B Units Class A Shares	Conversion	Dispose C	Yes	No	0	1,650,000	0.00	17,686,403
12 Feb 25	Hess Infrastructure Partners GP	Class B Shares	Other	Dispose J	Yes	No	0	22,000,000	0.00	38,672,806
12 Feb 25	BlackRock Portfolio Management	Class A Shares	Sell	Dispose S	Yes	No	39.11	11,000,000	430.21 mm	0
12 Feb 25	BlackRock Portfolio Management	Class A Shares	Conversion	Acquire C	Yes	No	0	11,000,000	0.00	11,000,000
12 Feb 25	BlackRock Portfolio Management	Class B Shares	Other	Dispose J	Yes	No	0	11,000,000	0.00	19,336,403
12 Feb 25	BlackRock Portfolio Management	Opco Class B Units Class A Shares	Conversion	Dispose C	Yes	No	0	11,000,000	0.00	19,336,403