Hess Midstream LP
HESMNYSEEnergy · Crude Petroleum & Natural Gas · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $1.62B | $1.49B | $1.35B | $1.27B | $1.20B | $1.09B |
| Operating income | $1.01B | $919.0M | $816.9M | $791.2M | $727.2M | $576.5M |
| Net income | $352.9M | $223.1M | $118.6M | $83.9M | $46.4M | $24.0M |
| Total assets | $4.39B | $4.15B | $3.79B | $3.59B | $3.49B | $3.37B |
| Total liabilities | $3.95B | $3.69B | $3.43B | $3.06B | $2.73B | $2.05B |
| Equity | — | — | — | — | — | — |
| EPS (diluted) | — | — | — | — | — | — |
| Shares out. | 116.7M | 79.9M | 44.0M | 33.7M | 18.0M | 18.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 62.3%
- Net margin
- 21.8%
- Return on equity
- —
- Return on assets
- 8.0%
- Return on capital (ROCE)
- 24.0%
- Liabilities / assets
- 90.0%
- Debt / equity
- —
- Book value / share
- —
- Revenue growth (YoY)
- 8.4%
- Net income growth (YoY)
- 58.2%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- −14.4%clean
- Piotroski F-Score
- 7/9strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 warning● 4 good- High leverage (liabilities > 70% of assets)
- Operating margin is positive
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Global X Management Co LlcPassive (13G)May 15, 2026
- Alps Advisors IncPassive (13G)Apr 13, 2026
- Hess Investments North Dakota LlcActivist (13D)Mar 4, 2026
- Harvest Fund Advisors LlcPassive (13G)Feb 17, 2026
- Invesco Ltd.Passive (13G)Feb 12, 2026
- Tortoise Capital Advisors, L.L.C.Passive (13G)Nov 14, 2025
- Goldman Sachs Asset Management, L.P.Passive (13G)Nov 13, 2025
- Blackrock Portfolio Management LlcActivist (13D)May 30, 2025
- Global Infrastructure Investors Ii, LlcActivist (13D)Jan 15, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 8.3M | 2.5 | -0.8% |
| Apr 30, 2026 | 8.4M | 3.5 | +10.7% |
| Apr 15, 2026 | 7.6M | 4.6 | -2.9% |
| Mar 31, 2026 | 7.8M | 5.8 | -9.3% |
| Mar 13, 2026 | 8.6M | 6.0 | -4.8% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 4, 2026
- Entered a material agreement · Regulation FD disclosure · Other material eventMar 4, 2026
- Results of operationsFeb 2, 2026
- Amended charter or bylaws · Other material eventJan 30, 2026
- Director / officer changeDec 9, 2025
- Results of operationsNov 3, 2025
- Director / officer changeSep 5, 2025
- Entered a material agreement · Regulation FD disclosure · Other material eventAug 6, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- SCHEDULE 13GMay 15, 2026
- 10-QMay 7, 2026
- 8-KMay 4, 2026
- SCHEDULE 13G/AApr 13, 2026
- 4Mar 10, 2026
- 4Mar 10, 2026
- 4Mar 10, 2026
- 4Mar 10, 2026
- 4Mar 10, 2026
- 4Mar 4, 2026
- SCHEDULE 13D/AMar 4, 2026
- 8-KMar 4, 2026
- S-3ASRFeb 25, 2026
- 10-KFeb 25, 2026
- SCHEDULE 13G/AFeb 25, 2026
Event-driven situations (1)
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