Hess Midstream LP
NYSE:HESM

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Hess Midstream LP
NYSE:HESM
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Price: 36.73 USD 1.46% Market Closed
Market Cap: 8B USD
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Hess Midstream LP
Tax Provision

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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Hess Midstream LP
Tax Provision Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Tax Provision CAGR 3Y CAGR 5Y CAGR 10Y
Hess Midstream LP
NYSE:HESM
Tax Provision
-$61.1m
CAGR 3-Years
-76%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Energy Transfer LP
NYSE:ET
Tax Provision
-$452m
CAGR 3-Years
-14%
CAGR 5-Years
-16%
CAGR 10-Years
-7%
ONEOK Inc
NYSE:OKE
Tax Provision
-$892m
CAGR 3-Years
-26%
CAGR 5-Years
-19%
CAGR 10-Years
-21%
Williams Companies Inc
NYSE:WMB
Tax Provision
-$919m
CAGR 3-Years
-36%
CAGR 5-Years
-61%
CAGR 10-Years
3%
Enterprise Products Partners LP
NYSE:EPD
Tax Provision
-$54m
CAGR 3-Years
9%
CAGR 5-Years
3%
CAGR 10-Years
-5%
Kinder Morgan Inc
NYSE:KMI
Tax Provision
-$696m
CAGR 3-Years
-18%
CAGR 5-Years
1%
CAGR 10-Years
0%
No Stocks Found

Hess Midstream LP
Glance View

Market Cap
8.1B USD
Industry
Energy
Economic Moat
Narrow

Hess Midstream LP operates as a critical artery in the energy infrastructure, channeling both vitality and value through its comprehensive network. Established as an integral player within the midstream sector, the company primarily facilitates the efficient transport, processing, and storage of natural gas and crude oil. Its strategic assets are concentrated around the prolific Bakken Formation in North Dakota, a region rich in hydrocarbon resources. This allows Hess Midstream to offer crucial services such as gathering raw production from wells, processing it to meet pipeline specifications, and ultimately delivering it to downstream markets. The company's infrastructure is meticulously designed to ensure reliability and flexibility, accommodating a diverse range of customer requirements while optimizing throughput. Revenue generation for Hess Midstream hinges on long-term, fee-based contracts that are strategically established with a focus on volume commitments. This business model provides a level of economic insulation, reducing sensitivity to volatile commodity prices and ensuring a steady income stream. By maintaining strong relationships with its customers, notably Hess Corporation, which is also its primary sponsor and customer, Hess Midstream secures a consistent flow of business, thus fortifying its financial foundation. The company leverages its operational expertise and robust infrastructure to capture growth opportunities, expand its footprint, and enhance service offerings. Through these strategic maneuvers, Hess Midstream continues to effectively support the energy sector's evolving needs while driving shareholder value.

HESM Intrinsic Value
47.7 USD
Undervaluation 23%
Intrinsic Value
Price

See Also

What is Hess Midstream LP's Tax Provision?
Tax Provision
-61.1m USD

Based on the financial report for Sep 30, 2024, Hess Midstream LP's Tax Provision amounts to -61.1m USD.

What is Hess Midstream LP's Tax Provision growth rate?
Tax Provision CAGR 3Y
-76%

Over the last year, the Tax Provision growth was -85%. The average annual Tax Provision growth rates for Hess Midstream LP have been -76% over the past three years .

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