Hess Midstream (HESM)

Hess Midstream LP • 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 ...

HESM stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

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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

424B7

Prospectus with selling stockholder info

19 Sep 24

424B7

Prospectus with selling stockholder info

18 Sep 24

8-K

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

8 Aug 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

15 Jan 25

Change in insider ownership

15 Jan 25

Change in insider ownership

Notice of proposed sale of securities

12 Nov 24

SC 13G

GOLDMAN SACHS ASSET MANAGEMENT, L.P.

Change in insider ownership

20 Sep 24

Change in insider ownership

20 Sep 24

Financial summary

Financial statements Chart HESM financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
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)	10.30 mm	10.30 mm	10.30 mm	10.30 mm	10.30 mm	10.30 mm
Cash burn (monthly)	29.77 mm	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	119.78 mm	n/a	n/a	n/a	n/a	n/a
Cash remaining	-109.48 mm	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	-3.7	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

HESM institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	255	245	+4.1%
Opened positions	42	41	+2.4%
Closed positions	32	22	+45.5%
Increased positions	122	104	+17.3%
Reduced positions	43	54	-20.4%

13F shares	Current	Prev Q	Change
Total value	3.19 tn	2.92 tn	+9.2%
Total shares	357.17 mm	356.97 mm	+0.1%
Total puts	247.20 k	227.70 k	+8.6%
Total calls	549.50 k	158.80 k	+246.0%
Total put/call ratio	0.4	1.4	-68.6%

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	-1.3%
GIP II Blue Holding	32.84 mm	$1.17 bn	-30.5%
CI Global Investments	25.04 mm	$630.23 mm	0.0%
Alps Advisors	16.41 mm	$578.74 bn	+2.2%
Tortoise Capital Advisors, L.L.C.	7.50 mm	$264.42 bn	+0.9%
GS The Goldman Sachs Group, Inc.	6.13 mm	$216.34 bn	+12.1%
Goldman Sachs Asset Management	5.25 mm	$181.98 mm	NEW
MIRAE ASSET GLOBAL ETFS	4.51 mm	$159.23 bn	+13.9%
IVZ Invesco	3.90 mm	$137.55 bn	+0.3%

Largest transactions	Shares	Bought/sold	Change
GIP II Blue Holding	32.84 mm	-14.41 mm	-30.5%
Goldman Sachs Asset Management	5.25 mm	+5.25 mm	NEW
Zimmer Partners	0.00	-1.41 mm	EXIT
Millennium Management	1.64 mm	+1.39 mm	+538.9%
Citadel Advisors	1.47 mm	+1.29 mm	+698.8%
Yaupon Capital Management	1.25 mm	+1.25 mm	NEW
Hess Investments North Dakota	82.88 mm	-1.06 mm	-1.3%
BlackRock	747.47 k	+747.47 k	NEW
BLK BlackRock	0.00	-735.67 k	EXIT
Ghisallo Capital Management	700.00 k	+700.00 k	NEW

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
15 Jan 25	Global Infrastructure Investors II	Class B Shares	Other	Dispose J	Yes	No	0	1,605,136	0.00	0
15 Jan 25	Global Infrastructure Investors II	Class B Shares	Other	Dispose J	Yes	No	0	1,605,136	0.00	30,336,403
15 Jan 25	Global Infrastructure Investors II	Opco Class B Units Class A Shares	Sale back to company	Dispose D	Yes	No	38.87	1,605,136	62.39 mm	30,336,403
15 Jan 25	Hess	Class B Shares	Other	Dispose J	Yes	No	0	1,605,136	0.00	30,336,403
15 Jan 25	Hess	Opco Class B Units Class A Shares	Sale back to company	Dispose D	Yes	No	38.87	967,541	37.61 mm	81,018,146
15 Jan 25	Hess Infrastructure Partners GP	Class B Shares	Other	Dispose J	Yes	No	0	3,210,272	0.00	60,672,806
11 Nov 24	Stein Jonathan C.	Class A Shares	Sell	Dispose S	No	No	35.32	7,923	279.84 k	59,945
8 Nov 24	Stein Jonathan C.	Class A Shares	Option exercise	Acquire M	No	No	0	7,135	0.00	67,868
8 Nov 24	Stein Jonathan C.	Class A Shares	Option exercise	Acquire M	No	No	0	5,896	0.00	60,733
8 Nov 24	Stein Jonathan C.	Class A Shares	Option exercise	Acquire M	No	No	0	2,486	0.00	54,837