Hess Midstream LP
About Hess Midstream LP
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.
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Financial summary
- Revenue FY2025
- $1.6B
- Net income
- $352.9M
- Total assets
- $4.4B
- Market cap
- $5.0B
- Operating margin
- 62.2%
- Net margin
- 42.2%
Source: SEC EDGAR · updated Jun 7, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $1.6B
- Operating expenses
- $613.2M
- Operating income
- $1.0B
- Income tax
- $113.8M
- Net income
- $684.6M
Balance sheet
- Total assets
- $4.4B
- Current assets
- $159.0M
- Total liabilities
- $4.0B
- Current liabilities
- $187.8M
- Shareholders’ equity
- $437.9M
Cash flow
- Operating cash flow
- $983.8M
- Investing cash flow
- -$255.6M
- Financing cash flow
- -$730.6M
- Net cash flow
- -$2.4M
Statements via Polygon.io (SEC filings)
15-minute delayed · data by Polygon.io
Past year
52-week range
- Market cap
- $5.0B
- Dividend yield
- 8.0%
- Shares outstanding
- 128.0M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Apr 5, 2017
Market data by Polygon.io · prices are 15-minute delayed
At a glance
- Profitable — net income of $352.9M in FY2025.
- Revenue grew 48% from FY2020 to FY2025.
- Trading 11% below its 52-week high.
- Pays a dividend yielding about 8.0% annually.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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