Hess Midstream LP's capital turnover -- a measure of revenue relative to shareholder's equity -- is better than 95.65% of US listed stocks.
Equity multiplier, or assets relative to shareholders' equity, comes in at 14.42 for Hess Midstream LP; that's greater than it is for 96.82% of US stocks.
Hess Midstream LP's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is -240.99%, greater than the shareholder yield of just 1.6% of stocks in our set.
Stocks that are quantitatively similar to HESM, based on their financial statements, market capitalization, and price volatility, are TK, NM, RHP, STAY, and NVGS.
Hess Midstream Partners LP Common Limited Partner Interests (HESM) Company Bio
Hess Midstream Partners LP focuses on processing natural gas and fractionating natural gas liquids (NGLs) in the United States. It also intends to engage in terminaling and loading crude oil and NGLs; transporting crude oil through rail cars; and storing and terminaling propane. Hess Midstream Partners GP LLC is the general partner of the company. The company was founded in 2014 and is based in Houston, Texas.
HESM Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for HESM, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Hess Midstream LP ranked in the 79th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 483.17% on a DCF basis. As for the metrics that stood out in our discounted cash flow analysis of Hess Midstream LP, consider:
The company's debt burden, as measured by earnings divided by interest payments, is 1.69 -- which is good for besting 60.06% of its peer stocks (US stocks in the Energy sector with positive cash flow).
16% of the company's capital comes from equity, which is greater than merely 6.13% of stocks in our cash flow based forecasting set.
The business' balance sheet reveals debt to be 84% of the company's capital (with equity being the remaining amount). Approximately 93.83% of US stocks with free cash flow have a lower reliance on debt in their capital structure.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Energy that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as HESM, try VTNR, SMLP, MMLP, MPLX, and SRLP.
With me today are John Gatling, president and chief operating officer; and Jonathan Stein, chief financial officer. Today, I'll review our operating performance and highlights as we continue to execute our strategy, provide additional details regarding our 2020 plans and discuss Hess Corporation's latest results and outlook for the Bakken.
Hess Midstream Partners (HESM): Q2 GAAP EPS of $0.29 misses by $0.08.Revenue of $269.8M (+41.8% Y/Y) beats by $2.94M.Adjusted EBITDA of 172.8M (+36%), DCF of $150M, with free cash flow of $94M.Raised its full year 2020 net income guidance to $425-$445M, and adjusted EBITDA to $690-$710M, representing ~25% growth at...
Hess Midstream LP (HESM) Q2 2020 Earnings Conference Call July 29, 2020, 12:00 ET Company Participants Jennifer Gordon - Director, IR John Gatling - President & COO, Hess Midstream GP LLC Jonathan Stein - CFO, Hess Midstream GP LLC Conference Call Participants Vinay Chitteti - JPMorgan Chase & Co. Spiro...
Hess Midstream LP (NYSE: HESM) ("Hess Midstream") today reported second quarter 2020 net income of $107.8 million compared with net income of $74.4 million for the second quarter of 2019, as recast for the 2019 acquisition of Hess Infrastructure Partners LP ("HIP") by Hess Midstream Operations LP (formerly known as Hess Midstream Partners LP) (the "Partnership"), Hess Midstream’s controlled subsidiary. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $5.3 million, or $0.29 per Class A share. Hess Midstream generated Adjusted EBITDA of $172.8 million. DCF for the second quarter of 2020 was $150.0 million and free cash flow was $94.0 million.