Down 14.6% on Oct 7, and still 15% under its Oct 6 close.
HESM's Quality Score fell 2 points on Mon, Nov 2, to -1.
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| Holding it back | Below a falling 200-day average |
| Latest filing | 8-K, Oct 30 |
Thu Nov 5: Ex-dividend, $0.7985 a shareAt the open. Pays Nov 13.
After its last 4 reports it closed +0.9% on average, higher 2 of 4 times.
Poorfor quality, not price, 0 of 14 chart checks firingWhat the Quality Score means
HESM is #73 of 88 by Quality Score.
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Net income over four quarters: HESM $375M, BSM $284M.
Expected to report Mon Feb 1, before the open (in 91 days). Expected.
What an earnings report is: every 3 months, a company tells everyone how much it sold and earned. We read the figures, the outlook, and how the stock moved after.
The figures are not read from the release yet.
“Third quarter 2026 revenues and other income were down $10.8 million compared with the prior-year quarter, primarily due to lower throughput volumes, partially offset by higher tariff rates.”
HESM's results filing gives no sales by line in a table we read.
| Measure | Figure |
|---|---|
| Outlook | 120 - 130 |
“Hess Midstream expects to maintain its quarterly distributions in 2027 consistent with the expected fourth quarter 2026 distribution amount and intends to maintain at least that distribution level going forward fully funded by Adjusted Free Cash Flow.”
From its results filing (SEC filing · Oct 30)
Sales grew 8.2% a year over 5 years, fiscal 2020 to 2025.
Pays $3.19 a share a year.
| Reported | Gap | Reaction | 5 sessions |
|---|---|---|---|
| Oct 30, 2026 | +2.3% | +1.4% | open |
| Aug 3, 2026 | -2.0% | -0.1% | -2.5% |
| May 4, 2026 | +2.0% | +3.7% | +0.1% |
Sales grew every year from 2018 to 2025, to $1.6B. It made a profit in each of the eight years.
Its dividends come to 49% of its free cash flow.
| Dividend | $3.19 a share a year |
| Paid out | About $410M a year |
| Free cash flow | $838M |
| Record | Raised each of the last 5 years |
Officers and directors with a Form 4 in the last 12 months.
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.
“As a result of our contractual relationship with Chevron under our commercial agreements and our direct connections to Chevron’s production operations in the Williston Basin, we believe that we will not face significant competition from other midstream service providers for Chevron’s crude oil, natural gas or NGL gathering, processing or terminaling services or for other midstream services relating to Chevron’s production operations in the Bakken.”
HESM scores -1 today, which Breakaway calls Poor. It is #73 of 88 in Oil & Gas by Quality Score, with 0 of 14 chart checks firing. Down 14.6% on Oct 7, and still 15% under its Oct 6 close. Breakaway does not say whether to buy any stock: the score does not know your situation, and it is not a recommendation to buy or sell anything. Please do your own research.
HESM scores -1 today, which Breakaway calls Poor (below zero). That is #73 of 88 in Oil & Gas by Quality Score. The score adds up the chart checks, the trend, the company's filed sales, its profits, the news, insider trades, and Congress trades. The section above lists the lines behind HESM's -1.
Expected to report Mon Feb 1, before the open, a date Breakaway expects from the company's usual timing; the company has not confirmed it. HESM closed higher after 2 of its last 4 reports. Past behavior, not a forecast.
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