Hess Midstream (HESM) moved into focus after reporting third quarter 2026 results, with revenue of US$410.1 million and net income of US$99.4 million, as investors reassessed the stock.
The current share price of US$30.46 comes after a 1-day share price return of 1.67%, which only partly offsets a 90-day share price decline of 24.86% and a year-to-date share price fall of 12.09%. However, the 5-year total shareholder return of 79.16% points to a much stronger long-run record than the recent pullback suggests.
Capitalize on the renewed focus around Hess Midstream by scanning a hand picked 30 resilient stocks with low risk scores that, like HESM, aim for steadier profiles even when prices move around.The recent slide in Hess Midstream, set against steady net income, has reset expectations. Do the current terms still offer a fair trade off between risk and potential reward for new buyers?
Most Popular Narrative: 9% Undervalued
Hess Midstream now trades at $30.46 against a fair value estimate of about $33.43 in the analyst consensus Narrative on Simply Wall St, which leans on detailed forecasts for revenue, earnings and capital returns to frame that valuation gap.
Hess Midstream is moving into a capital lighter phase as total capital expenditures are expected to fall from about US$270 million in 2025 to approximately US$150 million in 2026 and then to less than US$75 million per year in 2027 and 2028. This supports higher adjusted free cash flow and potentially stronger free cash flow based valuation multiples.
See why 50 investors see Hess Midstream as 9% undervalued.
Result: Fair Value of $33.43 (UNDERVALUED)
Still, Hess Midstream depends heavily on Chevron’s Bakken volumes and future minimum volume commitments. Weather related disruptions have already shown how throughput and earnings can be temporarily hit.
Find out about the key risks to this Hess Midstream narrative.
Next Steps
Mixed messages around Hess Midstream can easily cloud judgment, so move quickly, review the full picture, and weigh the 3 key rewards and 3 important warning signs.
Looking for more investment ideas beyond Hess Midstream?
If Hess Midstream has your attention but you want a wider watchlist, use these focused screeners to surface other opportunities before they move without you.
- Zero in on stronger balance sheets by scanning a curated list of solid balance sheet and fundamentals (25 results) that prioritises financial resilience over short term excitement.
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