HESM Intrinsic Stock Value – HESS MIDSTREAM LP Reports 3.4% Increase in Revenue for Second Quarter of FY2023
July 29, 2023
☀️Earnings Overview
HESS MIDSTREAM LP ($NYSE:HESM) reported total revenue of USD 324.0 million for the second quarter of FY2023 on June 30th 2023, a 3.4% rise from the same quarter of the prior year. Net income also surged 14.1% to USD 25.1 million.
Analysis – HESM Intrinsic Stock Value
GoodWhale is an excellent tool for analyzing the financials of HESS MIDSTREAM LP. After taking into account financial data such as earnings, cash flow, revenue, balance sheet, and other factors, our proprietary Valuation Line indicates that the intrinsic value of a HESS MIDSTREAM LP share is around $16.9. Currently, the stock is trading at a price of $31.2 – significantly higher than its intrinsic value, resulting in an overvaluation of 84.7%. This could mean that now may not be the ideal time to purchase shares in the company. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for HESM. More…
| Total Revenues | Net Income | Net Margin |
| 1.28k | 90.8 | 7.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HESM. More…
| Operations | Investing | Financing |
| 869.2 | -238.2 | -622 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for HESM. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.58k | 3.14k | 4.01 |
Key Ratios Snapshot
Some of the financial key ratios for HESM are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.5% | 18.4% | 62.1% |
| FCF Margin | ROE | ROA |
| 48.6% | 217.9% | 13.9% |
Peers
The company’s assets include crude oil and natural gas gathering systems, pipelines, storage tanks, and terminals. Hess Midstream LP is headquartered in Houston, Texas. The company’s competitors include Rattler Midstream LP, EnLink Midstream LLC, Kinetik Holdings Inc.
– Rattler Midstream LP ($NYSE:ENLC)
EnLink Midstream LLC has a market cap of 5.96B as of 2022. The company’s return on equity is 32.09%. EnLink Midstream is engaged in the business of gathering, transporting, processing, marketing and storing natural gas and natural gas liquids (NGLs). The company operates in Oklahoma, Texas, Louisiana and New Mexico.
Summary
HESS MIDSTREAM LP released their second quarter earnings report for FY2023, with total revenue up by 3.4% compared to the same period a year ago. Net income also increased by 14.1%, totaling USD 25.1 million. This positive performance is encouraging to prospective investors, suggesting that the company is in a strong financial position and its stock is likely to offer long-term value for investors. Further analysis of HESS MIDSTREAM LP’s financial metrics, such as free cash flow and return on invested capital, would help to paint a clearer picture of the company’s performance and potential future returns.
