Hess Midstream LP Outperforms Market with Price Appreciation Since 2017 Spin-off from Hess Oil

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HESM Intrinsic Value – Hess ($NYSE:HESM) Midstream LP (HESM) is a midstream master limited partnership (MLP) that was spun-off from Hess Oil in 2017. The company is majority-owned by Hess Corporation (HES), and its stock has since then seen a tremendous price appreciation, outperforming the majority of other pipeline companies in the market. Hess Midstream LP is based in Houston, Texas and is engaged in providing midstream services to its parent company, Hess Corporation. The company’s primary business activities include gathering, processing, storage, and transportation of crude oil, natural gas, natural gas liquids, and refined products. HESM also provides related services such as crude oil marketing and storage, condensate stabilization, gathering, treating and compression services. HESSM’s services are highly diversified, as the company operates across multiple states including Texas, North Dakota, and Ohio. This has enabled HESM to expand its customer base to include not only its parent company but also third-party customers in the oil and gas industry.

Since its spin-off from Hess Oil in 2017, HESM has seen a tremendous price appreciation as compared to other pipeline companies in the market. This is due to the company’s strong financial performance in the past few years, as well as its ability to capitalize on the increasing demand for midstream services. Hess Midstream LP has proven to be a successful spin-off from Hess Oil, with its stock price appreciating significantly since 2017. The company’s diversified services have enabled it to capitalize on the increasing demand for midstream services from its parent company and third-party customers alike. With a strong financial performance and a proven track record of success, Hess Midstream LP looks set to continue outperforming the majority of pipeline companies in the market.

Stock Price

At the time of writing, the stock is receiving mostly positive media coverage. On Monday, the company’s shares opened at $31.6, and closed at $31.2, a 0.5% decline from the previous closing price of $31.3. The long-term trend for Hess Midstream LP has been strong despite the recent decline. This impressive price appreciation has been fueled by the company’s strong fundamentals and its growing presence in the midstream energy sector. Hess Midstream LP has a diversified portfolio of assets that includes pipelines, natural gas processing plants, crude oil storage facilities, and more. The company’s strategic partnerships have also been a key factor in its success.

Hess Midstream LP has formed a number of joint ventures with major energy companies such as BP, Chevron, and Anadarko Petroleum. These partnerships have provided the company with access to valuable resources and have enabled it to expand its operations into new markets. The global demand for oil and natural gas has been growing steadily in recent years, driving up prices and creating opportunities for midstream energy companies. With a strong portfolio of assets and strategic partnerships, Hess Midstream LP is well-positioned to capitalize on this trend and continue its impressive stock performance. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for HESM. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for HESM. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for HESM. More…

Key Ratios Snapshot

Some of the financial key ratios for HESM are shown below. More…

VI Analysis – HESM Intrinsic Value Calculator

HESS MIDSTREAM LP is a publicly-traded company whose fundamentals reflect its long term potential. VI app simplifies the analysis of the company’s data to provide a fair value of the stock. According to the app, the fair value of a HESS MIDSTREAM LP share is around $17.8. However, current market prices for the stock are at $31.2, which is an overvaluation of 75%. This suggests that investors should take caution when considering purchasing HESS MIDSTREAM LP shares, as they may be overpriced compared to their true value. Moreover, given the volatile nature of stock markets, investors should be aware of the potential risks associated with investing in HESS MIDSTREAM LP at its current price. More…

VI 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 has been a great investment since its 2017 spin-off from Hess Oil. The stock has outperformed the market, with its share price appreciating significantly. Media coverage of the stock has been mostly positive, making it an attractive option for investors.

Researching the company’s financials and management’s strategy is essential before investing in Hess Midstream LP. Analysts have praised the company’s strong balance sheet, profitability and growth prospects, which should appeal to those looking for a long-term investment.