Hess Midstream Partners LP

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Hess Midstream Partners LP engages in the ownership, development and acquisition of midstream assets to provide services to third-party crude oil and natural gas producers. It operates through the following segments: Gathering, Processing and Storage, and Terminaling and Export. The Gathering segment consists of natural gas and crude oil gathering and compression. The Processing and Storage segment includes Tioga gas plant, equity investment in Little Missouri (LM4) joint venture, and mentor storage terminal. The Terminaling and Export segment comprises of ramberg terminal facility, Tioga rail terminal, crude oil rail cars, and Johnson's corner header system. The company was founded on January 17, 2014 and is headquartered in Houston, TX.

  • HESM Symbol
  • NYSE Exchange
  • 170 Employees
3 rated
  • $18.77, $-0.13 (-0.69%) Previous Close
  • 401,598 Previous Volume
  • $5.70 / $25.66 52 week low / high
  • -26.85% Percent off 52 week high
  • 2020-05-27 Updated
  • 8.87% Dividend yield (trailing)
  • 2.30% Dividend yield (forward)
  • 16,317,649 Public float
  • 18,028,300 Outstanding shares
  • 10.12 P/E
  • 5.38 B Market Cap
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Financial data

The information is not 100% up-to-date. There may be errors or something missing. Often something is missing, there are almost no errors, but I can't rule them out. Now I'm looking for a supplier of high-quality information, but so far what I find is expensive (about $ 2000 a year).
19 ← 15 2019-12 2018-12 2017-12 2016-12 2015-12
Total Revenue
850M 660M 570M 510M 570M
Cost Of Revenue
420M 280M 270M 290M 360M
Gross Profit
430M 390M 290M 220M 200M
Research and Development
Selling General and Admin
Operating Expense
470M 290M 280M 300M 370M
Operating Income
380M 370M 290M 210M 190M
Other Income Expense Net
-59M -1.3M -1.4M -1.5M
EBIT
380M 370M 290M 210M 190M
Interest Income
62M 1.3M 1.4M 1.5M
Pretax Income
320M 370M 280M 210M 190M
Income Tax
-100K
Minority Interest
310M 300M 180M 0 0
Net Income
12M 69M 40M 210M 190M
Net Income Basic
67M 69M 40M 210M 190M
19 ← 15 2019-12 2018-12 2017-12 2016-12 2015-12
Current cash
3.3M 20M 47M
Short term investments
Receivables
88M 62M 60M 45M 51M
Inventory
500K
Other current assets
4.7M 2.8M 4.4M 1.9M 2.6M
Current assets
96M 86M 110M 47M 55M
Long term investments
110M 67M
Property plant equipment
3B 2.7B 2.5B 2.5B 2.3B
Goodwill
Intangible assets
Other assets
12M 2.2M 3.2M 8.9M 8.8M
Total assets
3.3B 2.8B 2.6B 2.6B 2.4B
Accounts payable
79M 31M 35M 270M 200M
Current long term debt
Other current liabilities
97M 71M 40M 62M 58M
Total current liabilities
180M 100M 74M 330M 250M
Long term debt
1.8B
Other liabilities
13M 4.4M 5.4M 4.3M 5.1M
Minority Interest
310M 300M 180M 0 0
Total Liabilities
1.9B 110M 80M 340M 260M
Common stock
18M 55M 55M 55M 55M
Retained earning
Treasury stock
1.9M 11M 15M
Capital surplus
Shareholder equity
130M 500M 510M 2.2B 2.1B
Net tangible assets
130M 500M 510M 2.2B 2.1B
19 ← 15 2019-12 2018-12 2017-12 2016-12 2015-12
Net Income
67M 69M 40M 210M 190M
Depreciation
140M 120M 110M 100M 86M
Changes in receivables
-25M -2.4M -15M 5.9M
Changes in inventories
500K
Cash change
-110M -27M 47M
Cash flow
470M 490M 400M 390M 430M
Capital expenditures
-310M -240M -140M -260M -360M
Investments
-33M -67M
Investing activity other
Total investing cash flows
-500M -250M -58M -260M -360M
Dividends paid
-85M -76M -480M -310M -340M
Net borrowings
760M -3.9M -400M
Other financing cash flows
-760M -200M -240M
Cash flow financing
-79M -270M -300M -120M -73M
Exchange rate effect

Dividends

Dividends represent one part of the company’s profits from the previous period. The company distributes them between its owner-shareholders. Businesses may pay out dividends, but they are not obliged to. The method that is used to calculate the dividend is described in the company's dividend policy or articles of association. The clearer and more transparent the calculation principle, the more investors love the company. Many factors affect whether dividends are paid out. The main ones are the need for financing by major shareholders and tax optimization. So, if the state in the person of a fund or state-supported organization is one of the shareholders, the payment of regular dividends is practically guaranteed. The same is true, but to a lesser extent, in the case of a serious debt burden that is incurred by one of the business owners.

It makes no sense to discuss the abstract amount of dividends for the period in isolation of the company's financial indicators, business development prospects, payment history, and current share price. It is important to analyze and understand the reasons for dividend payments and to be skeptical about an unusually high dividend yield. This may be a one-off exceptional case. You will find information about dividends, historical dividend yield, and recovery of the stock price after Hess Midstream Partners LP made payouts below.

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Dividend History

The dividend payment history is important to analyze when compiling an investment portfolio from which an investor seeks to receive regular income. If the company can make stable payments, this is an indicator that the company is in a good state of affairs. It may happen that the management and the main business owners refuse to pay dividends and instead opt to distribute profits in order to reduce credit commitments or invest in new projects. But the existence of a stable payout history of increasing dividends is a feather in the company's cap. Some issuers pay dividends 2 times a year or even quarterly, which creates a constant cash flow for shareholders. This additionally bolsters the stock price. The dividend payment statistics and the amount of these payments by Hess Midstream Partners LP are presented in the table and graph below.

Statistics for 5 years: 2015-2020

Frequency of payments, how many times a year 2
Duration of growth, the number of years 2
Stability of the payments 0.6
Stability of dividend growth 0.4
Dividend growth, simple
Dividend growth, CAGR
Average dividend $0.35
Average dividends per year $1.17
Average dividend yield 1.72 %
Average dividend yield per year 5.59 %
Minimum $0.27 (2017-08-14)
Maximum $0.41 (2019-11-13)
Dividend History, Hess Midstream Partners LP (HESM)
Declared Date Ex-Dividend Date Record date Pay Date Frequency Payout Amount Yield
2020-04-23 2020-05-01 2020-05-04 2020-05-14 quarterly $0.43 2.56%
2020-01-27 2020-02-05 2020-02-06 2020-02-14 quarterly $0.43 1.97%
2019-10-24 2019-11-01 2019-11-04 2019-11-13 quarterly $0.41 1.97%
2019-07-25 2019-08-02 2019-08-05 2019-08-13 Quarterly $0.40 2.16%
2019-04-23 2019-05-02 2019-05-03 2019-05-14 Quarterly $0.38 1.88%
2019-01-24 2019-02-01 2019-02-04 2019-02-13 Quarterly $0.37 1.72%
2018-10-25 2018-11-02 2018-11-05 2018-11-13 Quarterly $0.36 1.75%
2018-07-23 2018-08-01 2018-08-02 2018-08-13 Quarterly $0.35 1.53%
2018-04-24 2018-05-03 2018-05-04 2018-05-14 Quarterly $0.33 1.65%
2018-01-23 2018-02-01 2018-02-02 2018-02-13 Quarterly $0.32 1.63%
2017-10-24 2017-11-02 2017-11-03 2017-11-13 Quarterly $0.31 1.54%
2017-07-25 2017-08-02 2017-08-04 2017-08-14 Quarterly $0.27 1.37%
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Stock Price Recovery History

To receive dividends, you must be a company shareholder as of a certain date as determined by the company's Board of Directors. This date is the closing of the shareholder register book or the “dividend cut-off”. On the day following the cut-off, the stock price falls by about the amount of the declared dividend. This is the "dividend gap". Investors are always interested in the following question: how quickly will the company's shares recover from this drop? The more frequently the company pays dividends, the faster the stock price recovers. Many factors influence how quickly the dividend gap is bridged: the news that is released by the company, its expected reporting figures, the purchase/sale of shares by the company's management and large owners, industry events, etc. Historical data about how quickly the Hess Midstream Partners LP share price has recovered in the past are presented in the table below:

Stock Price Recovery History, Hess Midstream Partners LP (HESM)
Ex-Dividend Date Payout Amount Stock Price Days Taken For Stock Price to Recover
2020-05-01 $0.43 $15.70 3
2020-02-05 $0.43 $23.64 -
2019-11-01 $0.41 $20.92 4
2019-08-02 $0.40 $19.45 33
2019-05-02 $0.38 $21.36 176
2019-02-01 $0.37 $21.91 4
2018-11-02 $0.36 $21.07 7
2018-08-01 $0.35 $22.03 1
2018-05-03 $0.33 $19.21 1
2018-02-01 $0.32 $21.97 175
2017-11-02 $0.31 $19.88 1
2017-08-02 $0.27 $21.44 35
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Historical Annual Dividend Data & Growth

When selecting shares for purchase, investors are interested in how do company managers and major shareholders view the payment of dividends. Were dividends paid in previous years, and, if so, then to what extent? What was the dividend yield, i.e., the ratio of the amount of the dividend and stock price at the time of payment? Is there a tendency to increase the amount of the dividend both in absolute terms and as a % from year to year? For the investor, this is a guarantee of the company's reliability and a demonstration of its stability. If the company has paid dividends over the course of many years, the amounts of payments will increase. This establishes trust with shareholders, and it has a positive effect on the overall image of the company. The table below shows the payment history and dividend yield for Hess Midstream Partners LP:

Historical Annual Dividend Data & Growth, Hess Midstream Partners LP (HESM)
Year Last Stock Price Avg stock price Dividend Sum Dividend Yield (at avg price) Dividend Yield (at last price)
2020 $18.77 $17.34 $0.86 4.94% 4.56%
2019 $22.62 $20.57 $1.56 7.59% 6.90%
2018 $16.98 $20.88 $1.36 6.50% 8.00%
2017 $19.81 $21.79 $0.58 2.67% 2.93%

SWOT

A SWOT analysis is a technique that allows you to conduct a comprehensive express overview of a company. Look at the strengths and weaknesses of the business, and evaluate external opportunities and threats. The result of the analysis is clear, and it will help you to make the right decision. Registered users can compile a SWOT analysis for any issuer. But it should be understood that how facts are distributed on graphs can be subjective. For example, a decision to make large capital expenditures may be a weakness for the company today, but they may offer growth opportunities and competitive advantages in the future. Or if the state participates as a shareholder, then this is a guarantee of stability and reliability. However, this factor may limit the development of the company and expose it to geopolitical risks.

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News Hess Midstream Partners LP

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