HESM Stock Summary and Trading Ideas (Hess Midstream LP Class A Representing Limited Partner Interests | NYSE:HESM)

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.

Hess Midstream LP Class A Representing Limited Partner Interests trades on the NYSE stock market under the symbol HESM.

As of April 16, 2026, HESM stock price climbed to $37.78 with 1,923,989 million shares trading.

HESM has a beta of -0.04, meaning it tends to be less sensitive to market movements. HESM has a correlation of 0.00 to the broad based SPY ETF.

HESM has a market cap of $4.89 billion. This is considered a Mid Cap stock.

Last quarter Hess Midstream LP Class A Representing Limited Partner Interests reported $404 million in Revenue and $.72 earnings per share. This fell short of revenue expectation by $-13 million and exceeded earnings estimates by $.03.

In the last 3 years, HESM traded as high as $44.14 and as low as $26.86.

The top ETF exchange traded funds that HESM belongs to (by Net Assets): AMLP, MLPA, BKGI, MLPX, FCG.

HESM has underperformed the market in the last year with a price return of +10.8% while the SPY ETF gained +34.9%. However, in the short term, HESM had mixed performance relative to the market. It has outperformed in the last 3 months, returning +10.2% vs +1.7% return in SPY. But in the last 2 weeks, HESM shares have been beat by the market, returning -2.7% compared to an SPY return of +7.0%.

HESM support price is $36.63 and resistance is $37.87 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HESM shares will trade within this expected range on the day.