H 
30.46
+1.67%
Close of 9 Nov 2026, in USD
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About Hess Midstream
From its filings with the US Securities and Exchange Commission
Hess Midstream is based in Houston, Texas and is incorporated in Delaware. Its shares trade on NYSE under the ticker HESM. The SEC classifies its business as crude petroleum & natural gas. In the fiscal year to 31 December 2025, it reported revenue of $1.62bn and net income of $352.9m. At that date it held total assets of $4.39bn.
Company facts
- Sector
- Energy
- Industry
- Oil, Gas & Consumable Fuels
- Listed since
- 5 Apr 2017
- Employees
- 195
- Head office
- 1400 SMITH STREET, HOUSTON, TX, 77002
- Incorporated in
- DE
- Classification
- Crude Petroleum & Natural Gas
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Andrew WalzChairman of the Board, since 2025
- Mr. Michael BastPresident, Chief Operating Officer
- Mr. John GatlingPresident, Chief Operating Officer$250,010
- Mr. Jonathan SteinChief Financial Officer$534,549
- Mr. John RiellyVice President, since 2019
- Mr. Timothy GoodellGeneral Counsel, Secretary
- Ms. Kristen GhattasDirector
- Ms. Kristi MccarthyDirector
- Mr. Gerbert SchoonmanDirector
- Mr. Stephen LetwinIndependent Director$134,999
- Mr. David NiemiecIndependent Director$144,999
- Mr. John ReddyIndependent Director$134,999
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Hess Midstream LP has a strong asset base, with a wide network of pipelines and storage facilities. This provides the company with a competitive advantage in the midstream sector.
- The company benefits from a long-term relationship with its parent company, Hess Corporation, which ensures a stable and reliable source of crude oil and natural gas for transportation and storage.
- Hess Midstream LP has a skilled and experienced workforce, enabling efficient operation and maintenance of its infrastructure. This contributes to the company's operational excellence and cost-effectiveness.
Weaknesses
- The company's dependence on the performance of the energy industry makes it susceptible to market volatility. Fluctuations in oil and gas prices can impact the demand for midstream services, affecting the company's revenue.
- Hess Midstream LP may face regulatory challenges as the midstream industry is subject to various environmental and safety regulations. Compliance with these regulations can result in increased costs and potential operational disruptions.
- The company's growth opportunities may be limited by its asset concentration in certain regions. This lack of diversification exposes Hess Midstream LP to regional economic risks, which could impact its financial performance.
Opportunities
- The increasing demand for natural gas as a cleaner energy source presents an opportunity for Hess Midstream LP to expand its midstream operations and capitalize on the growing market.
- The ongoing development of shale reserves, particularly in the United States, opens up new opportunities for the company. As shale production increases, there will be a greater need for midstream infrastructure to transport and store the extracted resources.
- Strategic partnerships and collaborations with other energy companies can provide Hess Midstream LP with access to new markets and customers, enhancing its growth potential.
Threats
- The emergence of alternative energy sources, such as renewable energy, could reduce the demand for fossil fuels, including the midstream services offered by Hess Midstream LP. This poses a long-term threat to the company's business model.
- Geopolitical factors and global economic conditions can significantly impact the energy industry. Trade disputes, political instability, and recessionary periods can disrupt the supply and demand dynamics, affecting the company's operations and financial stability.
- Competition within the midstream sector remains intense, with several established players and new entrants vying for market share. This competitive landscape can exert pressure on pricing and profitability for Hess Midstream LP.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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