Hess Midstream Partners LP (NYSE:HESM) Declares Quarterly Dividend of $0.80

Hess Midstream Partners LP (NYSE:HESM) announced a quarterly dividend on Monday, October 26th. Investors of record on Thursday, November 5th will be given a dividend of $0.7985 per share on Friday, November 13th. This represents a $3.19 annualized dividend and a yield of 10.2%. The ex-dividend date of this dividend is Thursday, November 5th. This is a 1.2% increase from Hess Midstream Partners’s previous quarterly dividend of $0.7888.

Hess Midstream Partners has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 8 years. Hess Midstream Partners has a dividend payout ratio of 96.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Hess Midstream Partners to earn $3.06 per share next year, which means the company may not be able to cover its $3.15 annual dividend with an expected future payout ratio of 102.9%.

Hess Midstream Partners Price Performance

HESM opened at $31.18 on Tuesday. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of 10.75 and a beta of 0.58. Hess Midstream Partners has a fifty-two week low of $29.52 and a fifty-two week high of $41.44. The company’s 50-day moving average price is $37.13 and its 200 day moving average price is $37.97. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 9.39.

Hess Midstream Partners (NYSE:HESM) last issued its earnings results on Monday, August 3rd. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. The company had revenue of $399.00 million during the quarter, compared to the consensus estimate of $395.96 million. Hess Midstream Partners had a return on equity of 92.18% and a net margin of 23.23%. Hess Midstream Partners’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 earnings per share. As a group, sell-side analysts expect that Hess Midstream Partners will post 3.29 earnings per share for the current year.

Hess Midstream Partners Company Profile

Hess Midstream Partners LP (NYSE:HESM) is a midstream energy company that owns and operates infrastructure supporting oil and gas production, primarily in the Bakken and Three Forks shale plays of North Dakota. The company provides essential services between the wellhead and downstream markets rather than exploring for or producing hydrocarbons itself.

Its operations include gathering, processing, storage and transportation services for crude oil, natural gas and natural gas liquids. Hess Midstream also provides produced-water gathering and disposal services, helping manage water generated during oil and gas production.