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Hess Midstream Partners

DB:5HM
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5HM
DB
$1B
Imp Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Hess Midstream Partners LP owns, operates, develops, and acquires midstream assets to provide services to Hess and third-party customers in the United States. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
  • Hess Midstream Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
5HM Share Price and Events
7 Day Returns
-1%
DB:5HM
5.6%
DE Oil and Gas
1.9%
DE Market
1 Year Returns
14.7%
DB:5HM
79.2%
DE Oil and Gas
17.8%
DE Market
5HM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hess Midstream Partners (5HM) -1% 3.2% 5.3% 14.7% - -
DE Oil and Gas 5.6% 21.8% 30.9% 79.2% 61.8% 253.9%
DE Market 1.9% 1.2% 7.7% 17.8% 8.3% 17.2%
1 Year Return vs Industry and Market
  • 5HM underperformed the Oil and Gas industry which returned 79.2% over the past year.
  • 5HM underperformed the Market in Germany which returned 17.8% over the past year.
Price Volatility
5HM
Industry
5yr Volatility vs Market

5HM Value

 Is Hess Midstream Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hess Midstream Partners to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hess Midstream Partners.

DB:5HM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:5HM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.95 (1 + (1- 21%) (1.02%))
0.972
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.972 * 5.44%)
4.9%

Discounted Cash Flow Calculation for DB:5HM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hess Midstream Partners is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:5HM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 4.9%)
2020 262.04 Est @ 0.89% 249.80
2021 263.37 Est @ 0.51% 239.35
2022 264.00 Est @ 0.24% 228.72
2023 264.13 Est @ 0.05% 218.15
2024 263.91 Est @ -0.08% 207.80
2025 263.45 Est @ -0.17% 197.75
2026 262.82 Est @ -0.24% 188.07
2027 262.07 Est @ -0.28% 178.78
2028 261.24 Est @ -0.32% 169.89
2029 260.36 Est @ -0.34% 161.41
Present value of next 10 years cash flows $2,039.00
DB:5HM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $260.36 × (1 + -0.39%) ÷ (4.9% – -0.39%)
$4,905.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,905.32 ÷ (1 + 4.9%)10
$3,041.15
DB:5HM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,039.00 + $3,041.15
$5,080.15
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,080.15 / 55.74
$91.14
DB:5HM Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:5HM represents 0.84739x of NYSE:HESM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.84739x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 91.14 x 0.84739
€77.23
Value per share (EUR) From above. €77.23
Current discount Discount to share price of €18.46
= -1 x (€18.46 - €77.23) / €77.23
76.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Hess Midstream Partners is available for.
Intrinsic value
>50%
Share price is €18.46 vs Future cash flow value of €77.23
Current Discount Checks
For Hess Midstream Partners to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hess Midstream Partners's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Hess Midstream Partners's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hess Midstream Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hess Midstream Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:5HM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $1.23
NYSE:HESM Share Price ** NYSE (2019-12-16) in USD $21.78
Europe Oil and Gas Industry PE Ratio Median Figure of 99 Publicly-Listed Oil and Gas Companies 10.22x
Germany Market PE Ratio Median Figure of 404 Publicly-Listed Companies 21.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hess Midstream Partners.

DB:5HM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HESM Share Price ÷ EPS (both in USD)

= 21.78 ÷ 1.23

17.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hess Midstream Partners is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Hess Midstream Partners is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Hess Midstream Partners's expected growth come at a high price?
Raw Data
DB:5HM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
82.1%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.77x
Germany Market PEG Ratio Median Figure of 264 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

DB:5HM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.64x ÷ 82.1%

0.21x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hess Midstream Partners is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Hess Midstream Partners's assets?
Raw Data
DB:5HM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $8.99
NYSE:HESM Share Price * NYSE (2019-12-16) in USD $21.78
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.13x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.89x
DB:5HM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HESM Share Price ÷ Book Value per Share (both in USD)

= 21.78 ÷ 8.99

2.42x

* Primary Listing of Hess Midstream Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hess Midstream Partners is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Hess Midstream Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Hess Midstream Partners has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

5HM Future Performance

 How is Hess Midstream Partners expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
82.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hess Midstream Partners expected to grow at an attractive rate?
  • Hess Midstream Partners's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Hess Midstream Partners's earnings growth is expected to exceed the Germany market average.
  • Hess Midstream Partners's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:5HM Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:5HM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 82.1%
DB:5HM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 15.1%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 7.2%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:5HM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:5HM Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 977 747 594 1
2020-12-31 931 685 545 2
2019-12-31 755 574 75 2
2019-12-18
DB:5HM Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 714 518 67
2019-06-30 688 516 68
2019-03-31 680 509 70
2018-12-31 662 494 69
2018-09-30 642 488 67
2018-06-30 619 474 63
2018-03-31 593 435 57
2017-12-31 566 400 40
2017-09-30 567 390 96
2017-06-30 541 390 129
2017-03-31 521 396 158
2016-12-31 510 387 205

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hess Midstream Partners's earnings are expected to grow significantly at over 20% yearly.
  • Hess Midstream Partners's revenue is expected to grow by 15.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:5HM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Hess Midstream Partners Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:5HM Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 1.81 1.81 1.81 1.00
2022-12-31 1.72 1.72 1.72 1.00
2021-12-31 1.85 2.09 1.61 2.00
2020-12-31 1.84 2.13 1.56 2.00
2019-12-31 1.33 1.37 1.29 2.00
2019-12-18
DB:5HM Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 1.23
2019-06-30 1.25
2019-03-31 1.28
2018-12-31 1.27
2018-09-30 1.22
2018-06-30 1.15
2018-03-31 1.05
2017-12-31 0.75
2017-09-30 1.75
2017-06-30 2.37
2017-03-31 2.89
2016-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Hess Midstream Partners will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Hess Midstream Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hess Midstream Partners has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

5HM Past Performance

  How has Hess Midstream Partners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hess Midstream Partners's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hess Midstream Partners's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Hess Midstream Partners's 1-year earnings growth exceeds its 5-year average (0.7% vs -5.9%)
  • Hess Midstream Partners's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (0.7% vs -2.6%).
Earnings and Revenue History
Hess Midstream Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hess Midstream Partners Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:5HM Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 713.60 67.40 15.20
2019-06-30 687.70 68.10 13.70
2019-03-31 679.60 69.70 12.40
2018-12-31 662.40 69.10 11.50
2018-09-30 641.70 66.90 10.40
2018-06-30 618.90 63.30 9.70
2018-03-31 592.50 57.10 9.70
2017-12-31 565.80 40.40 8.10
2017-09-30 566.90 95.50 8.40
2017-06-30 540.50 129.20 9.00
2017-03-31 521.20 157.90 10.50
2016-12-31 509.80 204.90 10.40
2016-09-30 631.50 224.40 14.50
2016-06-30 613.40 215.00 12.60
2016-03-31 594.90 212.00 9.70
2015-12-31 565.10 193.00 9.30
2015-09-30 371.00 123.20 4.10
2015-06-30 339.10 99.80 4.60
2015-03-31 304.30 75.10 4.90
2014-12-31 254.80 32.90 4.90
2014-09-30 236.00 -47.10 6.30
2014-06-30 246.50 -92.80 8.80
2014-03-31 245.05 -141.30 10.75
2013-12-31 269.70 -163.80 13.00
2012-12-31 169.70 -73.90 11.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hess Midstream Partners has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hess Midstream Partners used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Hess Midstream Partners has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hess Midstream Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hess Midstream Partners has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

5HM Health

 How is Hess Midstream Partners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hess Midstream Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hess Midstream Partners's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Hess Midstream Partners's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hess Midstream Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 7.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hess Midstream Partners Company Filings, last reported 2 months ago.

DB:5HM Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 2,857.00 11.00 3.50
2019-06-30 2,817.30 0.00 14.90
2019-03-31 2,784.10 7.00 3.50
2018-12-31 2,710.90 0.00 20.30
2018-09-30 2,687.60 0.00 34.60
2018-06-30 2,634.80 0.00 56.50
2018-03-31 2,585.40 0.00 37.50
2017-12-31 2,555.30 0.00 47.20
2017-09-30 2,561.60 0.00 48.00
2017-06-30 2,559.70 0.00 43.00
2017-03-31 2,273.00 0.00
2016-12-31 2,238.40 0.00 0.30
2016-09-30
2016-06-30
2016-03-31 2,097.50 0.00
2015-12-31 2,097.50 0.00
2015-09-30 1,276.70 0.00
2015-06-30 1,283.60 0.00
2015-03-31 303.30 989.80
2014-12-31 275.60 1,018.90
2014-09-30 287.00 990.10
2014-06-30 293.50 960.20
2014-03-31 270.30 833.10
2013-12-31 270.30 833.10
2012-12-31 235.80 422.80
  • Hess Midstream Partners's level of debt (0.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (345.2% vs 0.4% today).
  • Debt is well covered by operating cash flow (4712.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 199.9x coverage).
X
Financial health checks
We assess Hess Midstream Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hess Midstream Partners has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

5HM Dividends

 What is Hess Midstream Partners's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.55%
Current annual income from Hess Midstream Partners dividends. Estimated to be 9.12% next year.
If you bought €2,000 of Hess Midstream Partners shares you are expected to receive €151 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hess Midstream Partners's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.32%).
  • Hess Midstream Partners's dividend is above the markets top 25% of dividend payers in Germany (3.58%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:5HM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 5.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:5HM Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 2.41 1.00
2022-12-31 2.32 2.00
2021-12-31 2.12 3.00
2020-12-31 1.86 3.00
2019-12-31 1.62 3.00
2019-12-18
DB:5HM Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-10-24 1.645 7.917
2019-07-25 1.588 8.144
2019-04-23 1.533 7.595
2019-01-24 1.480 6.768
2018-10-25 1.430 7.285
2018-07-23 1.381 6.072
2018-04-24 1.333 6.587
2018-01-23 1.287 6.385
2017-10-24 1.243 6.065
2017-07-25 1.200 5.685

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Hess Midstream Partners has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Hess Midstream Partners only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Hess Midstream Partners's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.8x coverage).
X
Income/ dividend checks
We assess Hess Midstream Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hess Midstream Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hess Midstream Partners has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

5HM Management

 What is the CEO of Hess Midstream Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Hess
AGE 65
TENURE AS CEO 5.4 years
CEO Bio

Mr. John B. Hess has been the Chief Executive Officer at Hess Corporation since May 3, 1995. Mr. Hess has been the Chairman of the Board of Directors and Chief Executive Officer of Hess Midstream Partners GP LLC, a general partners of Hess Midstream Partners LP since September 2014 and July 2014 respectively. Mr. Hess serves on the Secretary of Energy Advisory Board Quadrennial Review Task Force. Mr. Hess has been with Hess Corporation for 28 years and has strong background in the global oil and gas industry. He provides significant value to the oversight and development of Kohlberg Kravis Roberts business and served leadership roles at a global energy business. Mr. Hess led the Fortune 100 Company through a strategic transformation from integrated oil company to pure play exploration and production company. Mr. Hess served as the Chairman of Hess Corporation from May 3, 1995 to May 16, 2013. He is the Trustee of The New York Public Library, Astor, Lenox and Tilden Foundations. Mr. Hess serves as Vice Chairman of Lincoln Center for the Performing Arts, Inc. and has been its Director since 2007. He serves as a Trustee of Center for Strategic and International Studies, Inc. Mr. Hess has been a Director of Hess Corporation since 1978. He has been a Director of the Trilateral Commission since 2009. Mr. Hess has been a Director and Member of Board of Trustees at Deerfield Academy since 2004. He has been an Independent Director of KKR Management LLC and KKR & Co. Inc. (formerly, KKR & Co. L.P.) since July 28, 2011. He has been a Director of National Advisory Board of J.P. Morgan Chase & Co. since 1991. Mr. Hess has been a Member of Board of Trustees at Wildlife Conservation Society/NY Zoo since 1991, United Cerebral Palsy Research and Educational Foundation. Mr. Hess has been a Trustee of The Mount Sinai Hospital since 1988 and New York Public Library since 2008. He is a member of the Business Council, the Trilateral Commission and the Council on Foreign Relations and he serves on the Executive Committee of the American Petroleum Institute. Mr. Hess has almost 40 years of experience with the company. During his career, Mr. Hess has acquired in-depth knowledge of the company’s strategy and operations and the history of the company’s development, and he and his family have had a long-standing commitment to the company. He is a member of Dean's Advisors of Harvard Business School since 2001. He is also Chair of the Harvard Business School Campaign. He served as a Director of NYC2012, Inc. He served as a Director of The Dow Chemical Company since October 12, 2006 until May 9, 2013. Mr. Hess served as a Member of the Secretary of Energy Advisory Board from 1999 to 2002. He earned an M.B.A. from Harvard Business School in 1977 and a B.A. from Harvard College in 1975.

CEO Compensation
  • Insufficient data for John to compare compensation growth.
  • Insufficient data for John to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Hess Midstream Partners management team in years:

5.4
Average Tenure
57
Average Age
  • The average tenure for the Hess Midstream Partners management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jonathan Stein

TITLE
Chief Financial Officer of Hess Midstream Partners GP LLC
COMPENSATION
$250K
AGE
50
TENURE
5.4 yrs

John Gatling

TITLE
Chief Operating Officer of Hess Midstream Partners GP LLC
COMPENSATION
$250K
AGE
45
TENURE
4 yrs

John Hess

TITLE
Chairman & CEO of Hess Midstream Partners GP LLC
AGE
65
TENURE
5.4 yrs

Jennifer Gordon

TITLE
Director of Investor Relations

Tim Goodell

TITLE
General Counsel & Secretary of Hess Midstream Partners GP LLC
AGE
62
TENURE
5.4 yrs

John Rielly

TITLE
Vice President & Director of Hess Midstream Partners GP LLC
AGE
57
TENURE
5.4 yrs
Board of Directors Tenure

Average tenure and age of the Hess Midstream Partners board of directors in years:

3.3
Average Tenure
60.5
Average Age
  • The tenure for the Hess Midstream Partners board of directors is about average.
Board of Directors

John Rielly

TITLE
Vice President & Director of Hess Midstream Partners GP LLC
AGE
57
TENURE
5.3 yrs

David Niemiec

TITLE
Director of Hess Midstream Partners GP LLC
COMPENSATION
$145K
AGE
69
TENURE
2.7 yrs

John Hess

TITLE
Chairman & CEO of Hess Midstream Partners GP LLC
AGE
65
TENURE
5.3 yrs

Greg Hill

TITLE
Director of Hess Midstream Partners GP LLC
AGE
58
TENURE
5.3 yrs

William Brilliant

TITLE
Director of Hess Midstream Partners GP LLC
AGE
43
TENURE
4 yrs

Steve Letwin

TITLE
Director of Hess Midstream Partners GP LLC
COMPENSATION
$119K
AGE
63
TENURE
1.8 yrs

Pat Reddy

TITLE
Director of Hess Midstream Partners GP LLC
COMPENSATION
$138K
AGE
66
TENURE
2.5 yrs

Scott Telesz

TITLE
Director of Hess Midstream Partners GP LLC
AGE
51
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
10. Apr 19 Sell Gerald Tamborski Individual 08. Apr 19 08. Apr 19 -177 €19.00 €-3,362
10. Apr 19 Sell Jonathan Stein Individual 08. Apr 19 08. Apr 19 -710 €19.00 €-13,487
28. Dec 18 Buy John Gatling Individual 26. Dec 18 26. Dec 18 12,000 €14.81 €177,754
X
Management checks
We assess Hess Midstream Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hess Midstream Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

5HM News

Simply Wall St News

5HM Company Info

Description

Hess Midstream Partners LP owns, operates, develops, and acquires midstream assets to provide services to Hess and third-party customers in the United States. It operates through three segments: Gathering, Processing and Storage, and Terminaling and Export. The Gathering segment is involved in the natural gas and crude oil gathering and compression activities located primarily in McKenzie, Williams and Mountrail Counties, and North Dakota. Its gathering systems consists of approximately 1,200 miles of high and low pressure natural gas and natural gas liquids gathering pipelines with capacity of up to 370 million cubic feet per day approximately, including an aggregate compression capacity of 190 million cubic feet per day; and crude oil gathering system comprises approximately 400 miles of crude oil gathering pipelines with capacity of up to 160 thousand barrels per day. The Processing and Storage segment operates Tioga Gas Plant, a natural gas processing and fractionation plant located in Tioga, North Dakota; and Mentor storage terminal, a propane storage cavern and rail, and truck loading and unloading facility located in Mentor, Minnesota. The Terminaling and Export segment owns Ramberg terminal facility; Tioga rail terminal; and crude oil rail cars, as well as Johnson’s Corner Header System, a crude oil pipeline header system. Hess Midstream Partners LP was founded in 2014 and is based in Houston, Texas.

Details
Name: Hess Midstream Partners LP
5HM
Exchange: DB
Founded: 2014
$1,040,480,865
$1,066,713,437
55,738,418
Website: http://www.hessmidstream.com
Address: Hess Midstream Partners LP
1501 McKinney Street,
Houston,
Texas, 77010,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HESM Common Units New York Stock Exchange US USD 05. Apr 2017
DB 5HM Common Units Deutsche Boerse AG DE EUR 05. Apr 2017
Number of employees
Current staff
Staff numbers
0
Hess Midstream Partners employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/18 21:59
End of day share price update: 2019/12/16 00:00
Last estimates confirmation: 2019/12/09
Last earnings filing: 2019/11/07
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.