HESM Stock Fair Value – HESS MIDSTREAM LP Reports Strong Financial Results for Second Quarter of Fiscal Year 2023
August 3, 2023
☀️Earnings Overview
HESS MIDSTREAM LP ($NYSE:HESM) reported their financial results for the second quarter of 2023, ending June 30th, with total revenue at USD 324.0 million – an increase of 3.4% compared to the same period in the previous year. Their net income during the quarter was USD 25.1 million – a 14.1% year-on-year growth.
Stock Price
The company has continued to increase its presence in key markets, including oil and gas production, natural gas processing, and storage, which has helped it to remain profitable in the face of market volatility. With its strong financial position, HESS MIDSTREAM LP is well positioned to continue delivering strong returns for its shareholders in the coming quarters. Live Quote…
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% |
Analysis – HESM Stock Fair Value
At GoodWhale, we recently performed an analysis of HESS MIDSTREAM LP’s wellbeing. After looking closely at the company’s financials and operations, we determined that the intrinsic value of HESS MIDSTREAM LP share is around $17.1, calculated by our proprietary Valuation Line. However, at the moment, the stock is traded at $31.2, which is an overvaluation of 82.9%. This means that investors must be cautious when considering to buy HESS MIDSTREAM LP stock, as the current market price does not reflect its true worth. More…
Peers
The company’s assets include crude oil and natural gas gathering systems, pipelines, storage tanks, and terminals. Hess Midstream LP is headquartered in Houston, Texas. The company’s competitors include Rattler Midstream LP, EnLink Midstream LLC, Kinetik Holdings Inc.
– Rattler Midstream LP ($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 reported strong financial results for the second quarter of the fiscal year 2023. Total revenue increased 3.4% year-on-year to USD 324.0 million, while net income rose 14.1% to USD 25.1 million. These positive results indicate that investing in HESS MIDSTREAM LP could be a sound decision for investors.
The company’s strong financial performance and promising outlook makes it a solid pick in the energy sector. Furthermore, its expertise and extensive experience make it an attractive choice for those looking to invest in the industry.
