Hess Midstream Partners LP

HESM Energy Oil & Gas Midstream

Hess Midstream Partners LP’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 8.41% from fiscal 2024.

Revenue
−2.57%
EPS
+1.35%
Free cash flow
+35.4%
Total debt
−5.16%

Quarter to September 2026, against a year earlier

30.40 1.40 −4.40%
Market cap
$6.3B
P/E
10.5×
Fwd P/E
10.5×
Dividend yield
10.3%
F-score
6/9
Altman Z
n/a
Beneish M
−2.65
Dividend safety
42/100

Hess Midstream Partners LP (HESM) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Hess Midstream Partners LP (HESM) trades at a price to free cash flow of 4.3×. Over the past ten years it has ranged from 0.0× (June 2017) to 8.0× (July 2025); the current reading is higher than 51% of that period. That is below the Oil & Gas Midstream industry median of 8.5× and below the Energy sector median of 8.9×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 5.8× 12.23%
FY2024 5.2× 87.41%
FY2023 2.8× 40.95%
FY2022 2.0× 75.85%
FY2021 1.1× 8.20%
FY2020 1.0× (58.39%)
FY2019 2.5× (39.27%)
FY2018 4.1× (25.58%)
FY2017 5.5× —
FY2016 0.0× —

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 5.3× (7.59%)
Jun 2026 5.8× (8.69%)
Mar 2026 6.3× 8.20%
Dec 2025 5.8× (7.67%)
39 more quarters

Against its own ten years

Low 0.0× High 8.0×
Ten-year median 4.2×
Current reading's percentile 51

Price to free cash flow against peers

Company Price to free cash flow
GLNG Golar LNG Limited compare n/m
CMBT CMB.TECH nv compare n/m
STNG Scorpio Tankers Inc. compare 2.0×
HESM Hess Midstream Partners LP 4.3×
FRO Frontline PLC compare 5.9×
AM Antero Midstream Corporation compare 5.9×
INSW International Seaways Inc. compare 6.2×
SOBO South Bow Corporation compare 9.7×
KNTK Kinetik Holdings Inc. compare 16.7×
Oil & Gas Midstream industry median 8.5×
Energy sector median 8.9×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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