Chevron Is Taking a $3 Billion to $4 Billion Loss on Hess Midstream. Should You Buy the Stock Anyway?
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Model output · Signal date 2026-11-06
Hess Midstream Lp (HESM) Stock Forecast Nov. 6, 2026
Analysis updated on Nov. 6, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
Rating · 90D
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90-day forecast
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30-day forecast
Alpha
Rank in coverage
of 5150 stocks scored
Rank correlation · 90D
0.0%
Spearman, 357 dates
Market Cap
$3.85B
mid-cap · #30 of 60 peers
Summary
Hess Midstream Lp (HESM) stock forecast summary
Our AI scores Hess Midstream Lp every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
Hess Midstream Lp is a mid-cap company with a market capitalization of $3.85B. It ranks number 30 by market capitalization among the 60 Crude Petroleum & Natural Gas issuers in our coverage with a current forecast.
For HESM, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 0.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -5.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +3.1%, buy ≥ +1.5%, sell < -0.5%, strong sell < -1.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-11-06 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, HESM included.
Price
HESM price chart and AI forecast
Cross-section · 2026-11-06
How HESM ranks among 5150 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-09-30
Hess Midstream Lp (HESM) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Crude Petroleum & Natural Gas peers listed below that report each metric.
Valuation & Market
| Metric | HESM | Rank |
|---|---|---|
| Market Cap | $3.85B | 30/60 |
| P/E Ratio | 10.21x | 16/41 |
| Revenue/Share | $12.49 | – |
| FCF/Share | $7.02 | – |
Profitability & Margins
| Metric | HESM | Rank |
|---|---|---|
| ROA | 9.0% | 16/38 |
| ROIC | 28.6% | 4/35 |
| Operating Margin | 62.7% | 1/40 |
| Net Margin | 23.5% | 14/40 |
| EBT Margin | 49.9% | 3/49 |
| Tax Rate | 15.2% | – |
Financial Health
| Metric | HESM | Rank |
|---|---|---|
| Current Ratio | 0.25x | 53/54 |
| Working Capital | -$520M | 45/54 |
Cash Flow
| Metric | HESM | Rank |
|---|---|---|
| Operating Cash Flow | $1.05B | 28/55 |
| Free Cash Flow | $901M | 8/19 |
| Capital Spending | -$144M | 3/19 |
| OCF Growth YoY | 4.9% | 33/49 |
| FCF Growth YoY | 26.4% | 6/14 |
| FCF/Sales | 56.2% | 1/19 |
| CapEx/Sales | 9.0% | 18/19 |
Operational Efficiency
| Metric | HESM | Rank |
|---|---|---|
| Asset Turnover | 0.38x | 22/42 |
| Receivables Turnover | 10.3x | 17/43 |
| Fixed Assets Turnover | 0.5x | 26/43 |
| Days Sales Outstanding | 36 days | 27/43 |
Income Statement
| Metric | HESM | Rank |
|---|---|---|
| Total Revenue | $1.60B | 34/53 |
| Operating Income | $1.01B | 18/43 |
| Net Income | $377M | 26/43 |
Dividend & Shareholder Information
| Metric | HESM | Rank |
|---|---|---|
| Shares Outstanding | 128M | – |
| Net Income Growth | 14.2% | 21/31 |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $170M | |
| Cash & Short-term Investments | $1M | |
| Accounts Receivable | $156M | |
| Total Liabilities | $3.80B | |
| Short-term Debt | $666M |
Quarterly Financial Reports
HESM quarterly financials and insider trading
Industry Peers · Crude Petroleum & Natural Gas
Hess Midstream Lp (HESM) industry peers
Companies classified under the same SEC industry code as Hess Midstream Lp (Crude Petroleum & Natural Gas): 60 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| HESM Hess Midstream Lp | $3.85B | |
| SHEL Shell Plc | $286.06B | |
| TTE Totalenergies Se | $193.78B | |
| PBR Petrobras - Petroleo Brasileiro Sa | $119.41B | |
| CNQ Canadian Natural Resources Ltd | $101.06B | |
| E Eni Spa | $91.07B | |
| EOG Eog Resources Inc | $77.17B | |
| OXY Occidental Petroleum Corp /De/ | $56.36B | |
| CVE Cenovus Energy Inc. | $51.70B | |
| FANG Diamondback Energy, Inc. | $50.11B | |
| DVN Devon Energy Corp/De | $46.43B | |
| WDS Woodside Energy Group Ltd | $40.76B | |
| EC Ecopetrol S.A. | $31.97B | |
| EQT Eqt Corp | $30.90B | |
| EXE Expand Energy Corp | $20.15B | |
| PR Permian Resources Corp | $17.87B | |
| OVV Ovintiv Inc. | $16.78B | |
| APA Apa Corp | $15.64B | |
| RRC Range Resources Corp | $11.39B | |
| AR Antero Resources Corp | $11.08B | |
| SSL Sasol Ltd | $9.64B | |
| CHRD Chord Energy Corp | $7.47B | |
| SM Sm Energy Co | $7.12B | |
| MTDR Matador Resources Co | $6.24B | |
| MGY Magnolia Oil & Gas Corp | $5.61B | |
| MUR Murphy Oil Corp | $5.21B | |
| CNX Cnx Resources Corp | $4.99B | |
| CRGY Crescent Energy Co | $4.74B | |
| CRK Comstock Resources Inc | $3.94B | |
| CRC California Resources Corp | $3.93B | |
| PARR Par Pacific Holdings, Inc. | $3.41B | |
| BSM Black Stone Minerals, L.P. | $3.17B | |
| GPOR Gulfport Energy Corp | $2.65B | |
| TALO Talos Energy Inc. | $2.48B | |
| NOG Northern Oil & Gas, Inc. | $2.43B | |
| BKV Bkv Corp | $1.92B | |
| KRP Kimbell Royalty Partners, Lp | $1.70B | |
| VET Vermilion Energy Inc. | $1.60B | |
| MNR Mach Natural Resources Lp | $1.50B | |
| DMLP Dorchester Minerals, L.P. | $1.35B | |
| GFR Greenfire Resources Ltd. | $1.35B | |
| KOS Kosmos Energy Ltd. | $1.26B | |
| TBN Tamboran Resources Corp | $1.01B | |
| GPRK Geopark Ltd | $1.01B | |
| REPX Riley Exploration Permian, Inc. | $913M | |
| DEC Diversified Energy Co | $899M | |
| TTI Tetra Technologies Inc | $888M | |
| INR Infinity Natural Resources, Inc. | $811M | |
| TXO Txo Partners, L.P. | $703M | |
| GRNT Granite Ridge Resources, Inc. | $698M | |
| AESI Atlas Energy Solutions Inc. | $676M | |
| OBE Obsidian Energy Ltd. | $651M | |
| VTS Vitesse Energy, Inc. | $632M | |
| WHK Whitehawk Minerals Corp. | $584M | |
| EGY Vaalco Energy Inc /De/ | $566M | |
| WTI W&T Offshore Inc | $483M | |
| SD Sandridge Energy Inc | $463M | |
| SOC Sable Offshore Corp. | $370M | |
| GTE Gran Tierra Energy Inc. | $333M | |
| PNRG Primeenergy Resources Corp | $294M |
Where HESM sits on the market map
Energy & Transportation · Crude Petroleum & Natural Gas
News
Hess Midstream Lp (HESM) stock news
Hess Midstream LP Class A HESM
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings.
Hess Midstream LP's Dividend Analysis
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FAQ
Hess Midstream Lp (HESM) stock forecast FAQ
What is the Hess Midstream Lp (HESM) stock forecast?
Our AI scores Hess Midstream Lp every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
How accurate are Hess Midstream Lp stock predictions?
For HESM, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 0.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -5.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Hess Midstream Lp forecasts updated?
Hess Midstream Lp forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 6, 2026.
Which companies are Hess Midstream Lp's industry peers?
60 issuers in our coverage, HESM included, share the SEC industry code Crude Petroleum & Natural Gas. The largest are: Shell Plc (SHEL), Totalenergies Se (TTE), Petrobras - Petroleo Brasileiro Sa (PBR), Canadian Natural Resources Ltd (CNQ), Eni Spa (E), Eog Resources Inc (EOG).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.