Hess Midstream Partners LP (HESM) - Net Assets
Based on the latest financial reports, Hess Midstream Partners LP (HESM) has net assets worth $388.00 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.26 Billion) and total liabilities ($3.87 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Hess Midstream Partners LP strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $388.00 Million |
| % of Total Assets | 9.12% |
| Annual Growth Rate | 4.88% |
| 5-Year Change | -41.85% |
| 10-Year Change | -77.38% |
| Growth Volatility | 179.74 |
Hess Midstream Partners LP - Net Assets Trend (2012–2025)
This chart illustrates how Hess Midstream Partners LP's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Hess Midstream Partners LP market capitalisation.
Annual Net Assets for Hess Midstream Partners LP (2012–2025)
The table below shows the annual net assets of Hess Midstream Partners LP from 2012 to 2025. Also explore Hess Midstream Partners LP (HESM) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $437.90 Million | -5.89% |
| 2024-12-31 | $465.30 Million | +28.11% |
| 2023-12-31 | $363.20 Million | -31.34% |
| 2022-12-31 | $529.00 Million | -29.76% |
| 2021-12-31 | $753.10 Million | -43.21% |
| 2020-12-31 | $1.33 Billion | -0.46% |
| 2019-12-31 | $1.33 Billion | -29.00% |
| 2018-12-31 | $1.88 Billion | -26.58% |
| 2017-12-31 | $2.56 Billion | +32.00% |
| 2016-12-31 | $1.94 Billion | -7.70% |
| 2015-12-31 | $2.10 Billion | +661.07% |
| 2014-12-31 | $275.60 Million | +1.96% |
| 2013-12-31 | $270.30 Million | +14.63% |
| 2012-12-31 | $235.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hess Midstream Partners LP's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $568.30 Million | 100.00% |
| Other Comprehensive Income | $572.50 Million | 100.74% |
| Total Equity | $568.30 Million | 100.00% |
Hess Midstream Partners LP Competitors by Market Cap
The table below lists competitors of Hess Midstream Partners LP ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
UPL Limited
NSE:UPL
|
$5.12 Billion |
|
Porsche Automobil Holding SE
F:PAHA
|
$5.12 Billion |
|
Warehouses de Pauw Comm VA
BR:WDP
|
$5.12 Billion |
|
SFS Group AG
SW:SFSN
|
$5.12 Billion |
|
Vista Oil Gas ADR
NYSE:VIST
|
$5.11 Billion |
|
CNO Financial Group Inc
NYSE:CNO
|
$5.10 Billion |
|
Xinjiang Daqo New Energy Co Ltd
SHG:688303
|
$5.10 Billion |
|
Hubei Xingfa Chemicals Group Co Ltd
SHG:600141
|
$5.10 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hess Midstream Partners LP's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 530,700,000 to 568,300,000, a change of 37,600,000 (7.1%).
- Net income of 352,900,000 contributed positively to equity growth.
- Dividend payments of 350,200,000 reduced retained earnings.
- Share repurchases of 400,000,000 reduced equity.
- Other comprehensive income increased equity by 572,500,000.
- Other factors decreased equity by 137,600,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $352.90 Million | +62.1% |
| Dividends Paid | $350.20 Million | -61.62% |
| Share Repurchases | $400.00 Million | -70.39% |
| Other Comprehensive Income | $572.50 Million | +100.74% |
| Other Changes | $-137.60 Million | -24.21% |
| Total Change | $- | 7.08% |
Book Value vs Market Value Analysis
This analysis compares Hess Midstream Partners LP's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 8.63x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 9.22x to 8.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $4.32 | $39.85 | x |
| 2013-12-31 | $4.95 | $39.85 | x |
| 2014-12-31 | $5.05 | $39.85 | x |
| 2015-12-31 | $38.44 | $39.85 | x |
| 2016-12-31 | $35.48 | $39.85 | x |
| 2017-12-31 | $47.50 | $39.85 | x |
| 2018-12-31 | $62.86 | $39.85 | x |
| 2019-12-31 | $74.01 | $39.85 | x |
| 2020-12-31 | $6.91 | $39.85 | x |
| 2021-12-31 | $7.94 | $39.85 | x |
| 2022-12-31 | $5.92 | $39.85 | x |
| 2023-12-31 | $6.04 | $39.85 | x |
| 2024-12-31 | $5.96 | $39.85 | x |
| 2025-12-31 | $4.62 | $39.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hess Midstream Partners LP utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 62.10%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.82%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 7.72x
- Recent ROE (62.10%) is above the historical average (11.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -31.34% | -43.55% | 0.21x | 3.35x | $-97.48 Million |
| 2013 | -60.60% | -60.73% | 0.21x | 4.69x | $-190.83 Million |
| 2014 | 11.94% | 12.91% | 0.19x | 4.99x | $5.34 Million |
| 2015 | 9.22% | 34.22% | 0.24x | 1.12x | $-16.35 Million |
| 2016 | 10.58% | 40.19% | 0.20x | 1.33x | $11.31 Million |
| 2017 | 1.61% | 7.28% | 0.21x | 1.03x | $-214.33 Million |
| 2018 | 2.01% | 9.71% | 0.24x | 0.87x | $-274.77 Million |
| 2019 | 5.26% | 8.27% | 0.26x | 2.46x | $-63.11 Million |
| 2020 | 19.20% | 2.20% | 0.32x | 27.00x | $11.50 Million |
| 2021 | 22.73% | 3.85% | 0.35x | 17.08x | $25.99 Million |
| 2022 | 34.23% | 6.59% | 0.35x | 14.64x | $59.39 Million |
| 2023 | 34.86% | 8.81% | 0.36x | 11.14x | $84.58 Million |
| 2024 | 42.04% | 14.95% | 0.36x | 7.82x | $170.03 Million |
| 2025 | 62.10% | 21.82% | 0.37x | 7.72x | $296.07 Million |
Industry Comparison
This section compares Hess Midstream Partners LP's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $818,501,958
- Average return on equity (ROE) among peers: 177.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hess Midstream Partners LP (HESM) | $388.00 Million | -31.34% | 9.97x | $5.11 Billion |
| Antero Midstream Partners LP (AM) | $30.86 Million | 1435.59% | 0.55x | $10.12 Billion |
| CBL International Limited Ordinary Shares (BANL) | $25.29 Million | 4.50% | 1.11x | $12.00 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $25.01 Million | 58.25% | 0.00x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $78.49 Million | 16.31% | 4.83x | $284.93 Million |
| BW LPG Limited (BWLP) | $983.62 Million | -6.82% | 1.30x | $3.30 Billion |
| Cheniere Energy Partners LP (CQP) | $715.00 Million | 164.34% | 26.11x | $29.93 Billion |
| Cheniere Energy Partners LP (CQP) | $639.00 Million | 76.68% | 26.47x | $25.77 Billion |
| DHT Holdings Inc (DHT) | $1.13 Billion | 18.63% | 0.41x | $2.56 Billion |
| Dynagas LNG Partners LP (DLNG) | $326.49 Million | 1.11% | 2.26x | $136.80 Million |
| DT Midstream Inc (DTM) | $4.23 Billion | 7.38% | 0.97x | $12.24 Billion |
About Hess Midstream Partners LP
Hess Midstream LP acquires, owns, operates, and develops midstream assets and provide fee-based services to sponsor, its subsidiaries, and third-party customers in the United States. It operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and compression systems; crude oil gathering systems; and produced w… Read more