HE
HESM
—
NYSE
Oil & Gas
Hess Midstream LP
Last 30 days
1D5D1M3M6MYTD1Y5YMax
Live price chart loads from the market-data widget.
Mcap
—
P/E
—
EV / Rev
—
Div yield
—
Op margin
62,2 %
ROE
—
Net margin
21,8 %
Debt / equity
—
Beta
—
52w range
—
Volume
—
Day range
—
Prev close
$40,27
Open
—
Next earnings
2026-10-28
Ex-dividend
—
TR 1Y
—
About
Hess Midstream LP is classified under Energy / Integrated Oil & Gas and appears profitable on the latest normalized snapshot.
Business. Hess Midstream LP is classified under Energy / Integrated Oil & Gas and appears profitable on the latest normalized snapshot.
Classification99 %
SectorEnergy
Industry groupOil & Gas
Generated · rules-based
Sell-side consensus
HOLD7 analysts
0 buy5 hold2 sell
Avg 12m price target37,00
Analyst recommendations
7 analysts · consensus HoldBuy0
Hold5
Sell2
12-month price target
37,00
Consensus of sell-side coverage.
At a glance
Score
—
not yet scored
Valuation
—
valuation pending
Analysts→
Hold
7 analysts · indicative
Ownership→
Invesco QQQ Trust
largest disclosed fund holder
Profitability
—
not yet wired
Quality
—
not yet scored
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
— missing data
News & coverage
0Sector rotation
Sector1D1Mvs mkt
Materials+2,3 %+6,6 %+1,7 %
Communication Services+2,2 %−5,5 %+1,6 %
Energy · THIS SECTOR+0,6 %+3,3 %+0,0 %
Health Care+0,6 %−0,8 %+0,0 %
Information Technology+0,6 %+6,7 %+0,0 %
Consumer Discretionary+0,4 %+7,6 %−0,2 %
Financials−0,3 %−2,8 %−0,9 %
Consumer Staples−0,4 %+2,5 %−1,0 %
Real Estate−0,7 %+10,9 %−1,3 %
Industrials−1,9 %−3,1 %−2,5 %
Utilities−1,9 %+28,2 %−2,5 %
Developing storylines
No tracked sagas currently linked to HESM. Browse all sagas →
Analysis
AI analysis
Generated · analysis pipeline · tier hybrid · as of 2026-08-04
↑ At a glance
Opportunity
— missing data
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Peers
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated · BP (BP)
- EarningsQ3 2026 earnings (expected)2026-10-30 · estimated · Chevron (CVX)
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
— missing data
Signals & dispatch
peak dispatch · —
Composite-score breakdown
Synthesis
Business
Hess Midstream LP is classified under Energy / Integrated Oil & Gas and appears profitable on the latest normalized snapshot.
Classification99 %
SectorEnergy
Industry groupOil & Gas
AI synthesis
GENERATEDHess Midstream LP (HESM) is currently classified as Integrated Oil & Gas within Integrated Oil & Gas (Energy). Classification confidence: 0.98 (rule-based classification). Capital structure on the latest snapshot: total assets 4,317,200,000 USD, total equity 0, short-term debt 35,000,000, long-term debt 3,737,000,000. Net cash position is approximately -3,767,400,000 USD. Profitability profile: revenue 390,100,000, gross profit 0, operating income 238,100,000, net income 87,600,000. Return on assets ~8.2%. Operating-cash-flow to net-income ratio is 2.79. Risk profile from automated assessment: liquidity risk high, dilution risk medium. Flags: Current liabilities exceed current assets.; Net cash is negative after subtracting total debt.; Source documents mention dilution or offering risk.. Recent news context: [TRIGGER] allocator_boost: allocator_boost (allocator) on HESM — watcher=allocator; producer_version=ws49-p2a-v2; plan_date=2026-08-01; rank=22; ev=8.200615; company_id=695b3f53-d641-44fc-a2dd-00c6a181c7f8; term_contributions={'event_proximity': 2.01096, 'gradability': 2.0, 'staleness': 4.189655, 'credibility_interest': 0.0}; days_since_analysis=65; pending_promises=0; reason=Allocator coverage boost rank #22 EV=8.200615 for HESM (hot+stale; days_since=65); calendar_week={'next_event_date': '2026-08-03', 'days_until': 2, 'bases': ['expected (estimated date)'], 'in_plan_rows': True, 'never_analyzed': False}; contributing_watchers=allocator (source=allocator; url=allocator:2026-08-01:HESM). Additional context: allocator_boost: watcher=allocator; producer_version=ws49-p2a-v2; plan_date=2026-08-01; rank=22; ev=8.200615; company_id=695b3f53-d641-44fc-a2dd-00c6a181c7f8; term_contributions={'event_proximity': 2.01096, 'gradability': 2.0, 'staleness': 4.189655, 'credibility_interest': 0.0}; days_since_analysis=65; pending_promises=0; reason=Allocator coverage boost rank #22 EV=8.200615 for HESM (hot+stale; days_since=65); calendar_week={'next_event_date': '2026-08-03', 'days_until': 2, 'bases': ['expected (estimated date)'], 'in_plan_rows': True, 'never_analyzed': False}; contributing_watchers=allocator. Comparable peers identified within the same class: Chevron, Shell, BP.
Key takeaways
- [TRIGGER] allocator_boost: allocator_boost (allocator) on HESM — watcher=allocator; producer_version=ws49-p2a-v2; plan_date=2026-08-01; rank=22; ev=8.200615; company_id=695b3f53-d641-44fc-a2dd-00c6a181c7f8; term_contributions={'event_proximity': 2.01096, 'gradability': 2.0, 'staleness': 4.189655, 'credibility_interest': 0.0}; days_since_analysis=65; pending_promises=0; reason=Allocator coverage boost rank #22 EV=8.200615 for HESM (hot+stale; days_since=65); calendar_week={'next_event_date': '2026-08-03', 'days_until': 2, 'bases': ['expected (estimated date)'], 'in_plan_rows': True, 'never_analyzed': False}; contributing_watchers=allocator (source=allocator; url=allocator:2026-08-01:HESM)
- Likely peers from the same classification include Chevron, Shell, BP.
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- Equity Transactions Equity Offering Transactions On February 12, 2025, GIP sold an aggregate of 11,000,000 of our Class A shares representing limited partner interests in the Company (the “Class A Shares”) in an underwritten public offering at a price of $ 39.45 per Class A Share, less underwriting discounts.
Bull / Bear case
Generated · model-assisted— missing data
In focus — financials by report
Quarterly
Annual
QUARTERLYFiled 2026-03-31
Q4 2025 · Quarter highlights
Revenue $390.1M; Operating income $238.1M.
Revenue$390.1M
Operating income$238.1M
Net income$87.6M
Free cash flow$224.5M
EPS—
Operating cash flow$253.3M
Financials
Income statement
Revenue$390.1M
Gross profit—
Operating income$238.1M
Net income$87.6M
Margins
Gross margin—
Operating margin61.0%
Net margin22.5%
FCF margin57.5%
Balance sheet
Total assets$4.32B
Total liabilities$3.94B
Total equity—
Cash & equivalents$4.6M
Long-term debt$3.74B
Cash flow
Operating cash flow$253.3M
CapEx$28.8M
Free cash flow$224.5M
SBC$200.0k
P&L flow · revenue → net income
Highlights
- ▍Revenue $390.1M
- ▍Operating income $238.1M
- ▍Net margin 22.5%
QUARTERLYFiled 2025-09-30
Q2 2025 · Quarter highlights
Revenue $1.22B; Operating income $756.5M.
Revenue$1.22B
Operating income$756.5M
Net income$259.6M
Free cash flow$549.3M
EPS—
Operating cash flow$738.2M
Financials
Income statement
Revenue$1.22B
Gross profit—
Operating income$756.5M
Net income$259.6M
Margins
Gross margin—
Operating margin62.2%
Net margin21.3%
FCF margin45.1%
Balance sheet
Total assets$4.44B
Total liabilities$4.01B
Total equity—
Cash & equivalents$5.5M
Long-term debt$3.76B
Cash flow
Operating cash flow$738.2M
CapEx$188.9M
Free cash flow$549.3M
SBC$1.4M
P&L flow · revenue → net income
Highlights
- ▍Revenue $1.22B
- ▍Operating income $756.5M
- ▍Net margin 21.3%
QUARTERLYFiled 2025-06-30
Q1 2025 · Quarter highlights
Revenue $796.2M; Operating income $497.6M.
Revenue$796.2M
Operating income$497.6M
Net income$161.9M
Free cash flow$370.4M
EPS—
Operating cash flow$479.3M
Financials
Income statement
Revenue$796.2M
Gross profit—
Operating income$497.6M
Net income$161.9M
Margins
Gross margin—
Operating margin62.5%
Net margin20.3%
FCF margin46.5%
Balance sheet
Total assets$4.42B
Total liabilities$3.92B
Total equity—
Cash & equivalents$4.5M
Long-term debt$3.69B
Cash flow
Operating cash flow$479.3M
CapEx$108.9M
Free cash flow$370.4M
SBC$600.0k
P&L flow · revenue → net income
Highlights
- ▍Revenue $796.2M
- ▍Operating income $497.6M
- ▍Net margin 20.3%
ANNUALFiled 2025-12-31
FY 2025 · Full-year highlights
Revenue $1.62B; Operating income $1.01B.
Revenue$1.62B
Operating income$1.01B
Net income$352.9M
Free cash flow$728.2M
EPS—
Operating cash flow$983.8M
Financials
Income statement
Revenue$1.62B
Gross profit—
Operating income$1.01B
Net income$352.9M
Margins
Gross margin—
Operating margin62.2%
Net margin21.8%
FCF margin44.9%
Balance sheet
Total assets$4.39B
Total liabilities$3.95B
Total equity—
Cash & equivalents$1.9M
Long-term debt$3.74B
Cash flow
Operating cash flow$983.8M
CapEx$255.6M
Free cash flow$728.2M
SBC$1.6M
P&L flow · revenue → net income
Highlights
- ▍Revenue $1.62B
- ▍Operating income $1.01B
- ▍Net margin 21.8%
ANNUALFiled 2024-12-31
FY 2024 · Full-year highlights
Revenue $1.50B; Operating income $919.0M.
Revenue$1.50B
Operating income$919.0M
Net income$223.1M
Free cash flow$634.2M
EPS—
Operating cash flow$940.3M
Financials
Income statement
Revenue$1.50B
Gross profit—
Operating income$919.0M
Net income$223.1M
Margins
Gross margin—
Operating margin61.5%
Net margin14.9%
FCF margin42.4%
Balance sheet
Total assets$4.15B
Total liabilities$3.69B
Total equity—
Cash & equivalents$4.3M
Long-term debt$3.45B
Cash flow
Operating cash flow$940.3M
CapEx$306.1M
Free cash flow$634.2M
SBC$1.8M
P&L flow · revenue → net income
Highlights
- ▍Revenue $1.50B
- ▍Operating income $919.0M
- ▍Net margin 14.9%
ANNUALFiled 2024-12-31
FY 2025 · Full-year highlights
Revenue $1.50B; Operating income $919.0M.
Revenue$1.50B
Operating income$919.0M
Net income$223.1M
Free cash flow$634.2M
EPS—
Operating cash flow$940.3M
Financials
Income statement
Revenue$1.50B
Gross profit—
Operating income$919.0M
Net income$223.1M
Margins
Gross margin—
Operating margin61.5%
Net margin14.9%
FCF margin42.4%
Balance sheet
Total assets$4.15B
Total liabilities$3.69B
Total equity—
Cash & equivalents$4.3M
Long-term debt$3.45B
Cash flow
Operating cash flow$940.3M
CapEx$306.1M
Free cash flow$634.2M
SBC$1.8M
P&L flow · revenue → net income
Highlights
- ▍Revenue $1.50B
- ▍Operating income $919.0M
- ▍Net margin 14.9%
ANNUALFiled 2023-12-31
FY 2023 · Full-year highlights
Revenue $1.35B; Operating income $816.9M.
Revenue$1.35B
Operating income$816.9M
Net income$118.6M
Free cash flow$642.9M
EPS—
Operating cash flow$866.4M
Financials
Income statement
Revenue$1.35B
Gross profit—
Operating income$816.9M
Net income$118.6M
Margins
Gross margin—
Operating margin60.6%
Net margin8.8%
FCF margin47.7%
Balance sheet
Total assets$3.79B
Total liabilities$3.43B
Total equity—
Cash & equivalents$5.4M
Long-term debt$3.20B
Cash flow
Operating cash flow$866.4M
CapEx$223.5M
Free cash flow$642.9M
SBC$1.7M
P&L flow · revenue → net income
Highlights
- ▍Revenue $1.35B
- ▍Operating income $816.9M
- ▍Net margin 8.8%
ANNUALFiled 2023-12-31
FY 2024 · Full-year highlights
Revenue $1.35B; Operating income $816.9M.
Revenue$1.35B
Operating income$816.9M
Net income$118.6M
Free cash flow$642.9M
EPS—
Operating cash flow$866.4M
Financials
Income statement
Revenue$1.35B
Gross profit—
Operating income$816.9M
Net income$118.6M
Margins
Gross margin—
Operating margin60.6%
Net margin8.8%
FCF margin47.7%
Balance sheet
Total assets$3.79B
Total liabilities$3.43B
Total equity—
Cash & equivalents$5.4M
Long-term debt$3.20B
Cash flow
Operating cash flow$866.4M
CapEx$223.5M
Free cash flow$642.9M
SBC$1.7M
P&L flow · revenue → net income
Highlights
- ▍Revenue $1.35B
- ▍Operating income $816.9M
- ▍Net margin 8.8%
Valuation FY
Market price
$38,38
Market cap
—
Enterprise valueⓘ
—
P/Eⓘ
—
Non-GAAP P/Eⓘ
—
EV / Revenueⓘ
—
EV / Op incomeⓘ
—
EV / OCFⓘ
—
P / Bⓘ
—
P / Tangible bookⓘ
—
Tangible book
$374.8M
Net cashⓘ
-$3.77B
Current ratioⓘ
0.9
Debt / equityⓘ
—
ROAⓘ
8.2%
ROEⓘ
—
Cash conversionⓘ
279.0%
CapEx / revenueⓘ
15.8%
SBC / revenueⓘ
0.1%
Dilution ratioⓘ
—
Revenue by segment
Gas Gathering & Compression—
low · business_description · 2026-07-03
NGL Processing—
low · business_description · 2026-07-03
Natural Gas Processing—
low · business_description · 2026-07-03
Oil Storage & Terminals—
low · business_description · 2026-07-03
Oilfield Water Services—
low · business_description · 2026-07-03
Pipelines & Midstream Infrastructure—
low · business_description · 2026-07-03
Business relationships
Business relationships19 disclosed relationships · 1 type · extracted from filings & disclosures
Subsidiaries19
EX21:06bb9947ae6bEX21:06bb9947ae6bSubsidiarie97%
EX21:1c94c4491edeEX21:1c94c4491edeSubsidiarie97%
EX21:354254ed9957EX21:354254ed9957Subsidiarie97%
EX21:56e1dd1fe737EX21:56e1dd1fe737Subsidiarie97%
EX21:6d8c232cecbeEX21:6d8c232cecbeSubsidiarie97%
EX21:7fbb4b8f2210EX21:7fbb4b8f2210Subsidiarie97%
EX21:925f7b1a823eEX21:925f7b1a823eSubsidiarie97%
EX21:9e0fedcc100eEX21:9e0fedcc100eSubsidiarie97%
EX21:a71f5dc2e51aEX21:a71f5dc2e51aSubsidiarie97%
EX21:b2fde6219630EX21:b2fde6219630Subsidiarie97%
EX21:b5620e6568e4EX21:b5620e6568e4Subsidiarie97%
EX21:b78b60efa562EX21:b78b60efa562Subsidiarie97%
EX21:b8eefd1261acEX21:b8eefd1261acSubsidiarie97%
EX21:bf79030b626bEX21:bf79030b626bSubsidiarie97%
EX21:c4aa43876a1eEX21:c4aa43876a1eSubsidiarie97%
EX21:dc250ec9adb2EX21:dc250ec9adb2Subsidiarie97%
EX21:e29a1c3a1257EX21:e29a1c3a1257Subsidiarie97%
EX21:e943d2f6727bEX21:e943d2f6727bSubsidiarie97%
EX21:f3581c12dff5EX21:f3581c12dff5Subsidiarie97%
Supply chain
— missing data
Peer comparison
Peer comparison8 peers · vs HESM · multiples and returns
XO
XOM—
EXXON MOBIL CORPORATION
$155,19
—P/E
—
— vs self
Div yield
2,6 %
— vs self
ROE
—
— vs self
SH
SHEL—
SHELL PLC
$91,08
—P/E
—
— vs self
Div yield
—
— vs self
ROE
—
— vs self
TT
TTE—
TTE.N
$87,66
—P/E
—
— vs self
Div yield
—
— vs self
ROE
—
— vs self
BP
BP—
Bp PLC
$45,16
—P/E
—
— vs self
Div yield
—
— vs self
ROE
—
— vs self
CV
CVX—
Chevron Corp
$193,69
384,6B USDP/E
30,9x
— vs self
Div yield
3,6 %
— vs self
ROE
6,7 %
— vs self
PB
PBR—
Petroleo Brasileiro-spon Adr
—
—P/E
—
— vs self
Div yield
—
— vs self
ROE
—
— vs self
MP
MPC—
Marathon Petroleum Corp
$295,63
87,2B USDP/E
20,7x
— vs self
Div yield
1,3 %
— vs self
ROE
24,2 %
— vs self
PS
PSX—
Phillips 66
$206,19
83,2B USDP/E
16,0x
— vs self
Div yield
2,7 %
— vs self
ROE
15,4 %
— vs self
Market position
Stress test
— missing data
Predictor forecast
Next quarternear-term
Earnings · next quarterconf 45 %
EPS
Consensus EPS
2,90
Predicted surprise
+0,00
Beat probability
45 %
Analysts
7
Other metrics
Revenue
—
no estimate
Segment revenue
—
no estimate
Margin
—
no estimate
Segment margin
—
no estimate
as of 2026-05-06 · Earnings Surprise V1
Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
Full fiscal year~1 year ahead
Full fiscal year · our forecast vs guidance vs consensus
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 2,90 |
| Revenue | —no estimate | —no estimate | 1,6B USD |
| Operating income | —no estimate | —no estimate | 1,0B USD |
Full-year consensus mean (period as reported by source) · consensus in USD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
Corporate eventM&A horizon
M&A probabilityconf 3 %
Probability
3 %
Base rate
3 %
Band
—
180-day horizon · target 2027-01-16 · 1,0× base rate
No acquirer candidates identified by the signal model.
Probabilistic model output — not investment advice. · generated 2026-08-04
Options
— missing data
Short squeeze
— missing data
Earnings-call key lines
— missing data
Consensus distribution
sell-side coverageRecommendation distribution7 analysts
Strong buy0
Buy0
Hold6
Sell1
Strong sell0
12-month price target$37,17 · Median $37,00
Low $32,00High $42,00
Operating income · consensus1,0B USD
EPS surprise
−1,5 %
reported vs consensus · miss
Revenue surprise
+0,7 %
reported vs consensus · beat
Estimate revisions
consensus EPS · 26-week trend— missing data
Sell-side observations
Low$32,00
Mean$37,00
Median$37,00
High$40,00
Spot$38,38
−3.6 %implied to mean12-month sell-side price targets · ▲ spot
Themes
— missing data
ESG
— missing data
Risk factors
Dilution riskMedium
Liquidity riskHigh
Filing-based flags
- Current liabilities exceed current assets.
- Net cash is negative after subtracting total debt.
- Source documents mention dilution or offering risk.
Benchmarks vs cohort
Op Margin62,2 %Best in class
Net Margin21,8 %Above P75
Capex / Rev15,8 %Best in class
Cash Conv2,79Above P75
Corporate actions / M&A
M&A probabilityconf —
Probability
3 %
Base rate
3 %
Band
Low
180-day horizon · target 2027-01-16 · 1,0× base rate
No acquirer candidates identified by the signal model.
Corporate actionsNo corporate-action source connected yet — splits, dividends and buyback events are not tracked for this company. Honest-dim (no data fabricated).
FX exposure
— missing data
Comparable transactions
— missing data
Derivatives & instruments
Derivative transactions
Net disposed 715 177 sh10 exercises · 3 grants7 insiders
- Chief Executive Officer · 2025 Phantom Shares → Class A SharesDisposed 2 066exercise · 2026-03-08
- Director · 2025 Phantom Shares → Class A SharesDisposed 1 612exercise · 2026-03-08
- Director · 2026 Phantom Shares → Class A SharesAcquired 1 656grant · 2026-03-08
- Director · 2025 Phantom Shares → Class A SharesDisposed 1 612exercise · 2026-03-08
- Director · 2026 Phantom Shares → Class A SharesAcquired 1 656grant · 2026-03-08
- Director · 2026 Phantom Shares → Class A SharesAcquired 1 656grant · 2026-03-08
- President and COO · 2023 Phantom Shares → Class A SharesDisposed 1 327exercise · 2026-03-08
- President and COO · 2024 Phantom Shares → Class A SharesDisposed 1 189exercise · 2026-03-08
- President and COO · 2025 Phantom Shares → Class A SharesDisposed 929exercise · 2026-03-08
- Director · 2025 Phantom Shares → Class A SharesDisposed 1 612exercise · 2026-03-08
- President and COO · 2023 Phantom Shares → Class A SharesDisposed 2 948exercise · 2025-09-26
- President and COO · 2025 Phantom Shares → Class A SharesDisposed 6 199exercise · 2025-09-26
- President and COO · 2024 Phantom Shares → Class A SharesDisposed 4 757exercise · 2025-09-26
- Director, 10% owner · Opco Class B Units → Class A SharesDisposed 695 894disposition · 2025-08-08
Actions
Ask Handelsavisen
— missing data
Data sources
- Market data
- Regulatory filings
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Reference data
How metrics are computed
- Cash Conversion Ratiooperating_cash_flow / net_income
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Capex To Revenuecapital_expenditure / revenue
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Return On Assetsnet_income / total_assets
Source documents
- Hess Midstream LP company facts · 2026-08-01
- Hess Midstream LP 10-Q 2026-05-07 · 2026-08-01
- Hess Midstream LP 10-K 2026-02-25 · 2026-08-01
- Hess Midstream LP 10-Q 2025-11-06 · 2026-08-01
- Hess Midstream LP 10-Q 2025-08-06 · 2026-08-01
- allocator_boost (allocator) on HESM · 2026-08-01
- Hess Midstream LP Market data — analyst estimates · 2026-08-01
Ownership & reference
Top holders
- Funds · as of 2026-03-310,04 %$279M
- Investment Managers · as of 2026-03-310,04 %$309M
- Institutional Investor · as of 2026-03-310,03 %$146M
- Investment Managers · as of 2026-03-310,03 %$37M
- Investment Managers · as of 2026-03-310,02 %$31M
- Investment Managers · as of 2026-03-310,01 %$76M
- Investment Managers · as of 2026-03-310,01 %$14M
- Brokerage Firms · as of 2026-03-310,01 %$17M
- Investment Managers · as of 2026-03-310,00 %$67M
- Investment Managers · as of 2026-03-310,00 %$7M
- Institutional Investor · as of 2026-03-310,00 %$67M
- Investment Managers · as of 2026-03-310,00 %$8M
- Brokerage Firms · as of 2026-03-310,00 %$7M
- Institutional Investor · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2024-06-300,00 %$27M
- Institutional Investor · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2025-12-310,00 %$25M
- Investment Managers · as of 2026-03-310,00 %$10M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
Insider activity
Net selling0 buys · 1 sellsnet -$2,6M7 insiders · last 365d
- Chief Executive Officer · Class A SharesOther 2 066 · 2026-03-08
- Chief Executive Officer · Class A SharesOther 1 048 @ $38,92$41K · 2026-03-08
- Director · Class A SharesOther 1 612 · 2026-03-08
- Director · Class A SharesOther 1 612 · 2026-03-08
- President and COO · Class A SharesOther 1 327 · 2026-03-08
- President and COO · Class A SharesOther 344 @ $38,92$13K · 2026-03-08
- President and COO · Class A SharesOther 1 189 · 2026-03-08
- President and COO · Class A SharesOther 308 @ $38,92$12K · 2026-03-08
- President and COO · Class A SharesOther 929 · 2026-03-08
- President and COO · Class A SharesOther 241 @ $38,92$9K · 2026-03-08
- Director · Class A SharesOther 1 612 · 2026-03-08
- President and COO · Class A SharesOther 2 948 · 2025-09-26
- President and COO · Class A SharesOther 4 757 · 2025-09-26
- President and COO · Class A SharesOther 6 199 · 2025-09-26
- President and COO · Class A SharesSold 62 457 @ $41,59$2,6M · 2025-08-12
- Director, 10% owner · Class B SharesOther 695 894 · 2025-08-08
Short positioning
6.6Mshares short-8.8% vs prior
8.92days to cover
64.8%short of daily vol
27fails-to-deliver
as of 2026-07-15 · short-interest report (free)
Geographic breakdown
— missing data
Listings · one canonical issuer
all listings resolve to the canonical
HESMCanonical
NYSE · USD
Intel & risk
peak dispatch · —
OSINT findings
Dilution riskMedium
Liquidity riskHigh
Current liabilities exceed current assets.
Net cash is negative after subtracting total debt.
Source documents mention dilution or offering risk.
Relationship graph
This companyPeerSectorSubsidiaries
Evidence & claims
From filings & derived data- Operating income (YoY) (2025-12-31 vs 2024-12-31): 9.7%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 7.2%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 5.7%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): 58.2%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 4.6%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): 8.4%Derived (calculated)
- Net margin (FY 2025-12-31): 21.8%Derived (calculated)
- Return on assets (FY 2025-12-31): 8.0%Derived (calculated)
- Current ratio (FY 2025-12-31): 0.85xDerived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): -16.5%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -55.8%Derived (calculated)
- Long-term debt (YoY) (2025-12-31 vs 2024-12-31): 8.6%Derived (calculated)
- Long-term debt (annual): USD 3.77BSEC XBRL filing
- Capex (annual): USD 255.6MSEC XBRL filing
- Net income (annual): USD 352.9MSEC XBRL filing
- Operating income (annual): USD 1.01BSEC XBRL filing
- Total liabilities (annual): USD 3.95BSEC XBRL filing
- Total assets (annual): USD 4.39BSEC XBRL filing
- Current assets (annual): USD 159MSEC XBRL filing
- Current liabilities (annual): USD 187.8MSEC XBRL filing
- Cash & equivalents (annual): USD 1.9MSEC XBRL filing
- Operating cash flow (annual): USD 983.8MSEC XBRL filing
- Revenue (annual): USD 1.62BSEC XBRL filing
- Pre-tax income (annual): USD 798.4MSEC XBRL filing
Showing 24 of 39 surfaced claims.
Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.
The Thread
Everything we know, in order2026-10-28EVENTUpcomingQ3 2026 earnings (expected) estimated date
2026-08-03 00:00 UTCTRANSCRIPTEarnings call — Q3 2026
2026-08-03EVENTQ2 2026 earnings (expected) estimated date
2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
2026-06-30 03:38 UTCEARNINGSUpcomingForecast: ma_probability (180d)
2026-06-21 02:57 UTCHOLDERInstitutional holding changed
2026-06-21 02:57 UTCHOLDERInstitutional holding changed
2026-06-21 02:57 UTCHOLDER2 institutional position changes flagged (2 major)
2026-03-31EARNINGSQuarterly results — Q4 2025 Revenue USD 390.1M · Net USD 87.6M
2026-03-08 00:00 UTCINSIDER21 insider transactions — 2026-03 10 derivative
2026-03-08INSIDERStein Jonathan C. transacted 2.1k sh Class A Shares — Chief Executive Officer
2026-03-08INSIDERStein Jonathan C. transacted 1.0k sh Class A Shares — Chief Executive Officer ~$41k
2026-03-08INSIDERREDDY J PATRICK transacted 1.6k sh Class A Shares — Director
2026-03-08INSIDERLetwin Stephen J J transacted 1.6k sh Class A Shares — Director
2026-03-08INSIDERBast Michael Scott transacted 1.3k sh Class A Shares — President and COO
2026-03-08INSIDERBast Michael Scott transacted 344 sh Class A Shares — President and COO ~$13k
2026-03-08INSIDERBast Michael Scott transacted 1.2k sh Class A Shares — President and COO
2026-03-08INSIDERBast Michael Scott transacted 308 sh Class A Shares — President and COO ~$12k
2026-03-08INSIDERBast Michael Scott transacted 929 sh Class A Shares — President and COO
2026-03-08INSIDERBast Michael Scott transacted 241 sh Class A Shares — President and COO ~$9k
2026-03-08INSIDERNIEMIEC DAVID W transacted 1.6k sh Class A Shares — Director
2026-03-08INSIDERLetwin Stephen J J disposed of 1.6k sh 2025 Phantom Shares — Director
2026-03-08INSIDERLetwin Stephen J J acquired 1.7k sh 2026 Phantom Shares — Director
2026-03-08INSIDERREDDY J PATRICK acquired 1.7k sh 2026 Phantom Shares — Director
2026-03-08INSIDERREDDY J PATRICK disposed of 1.6k sh 2025 Phantom Shares — Director
2026-03-08INSIDERStein Jonathan C. disposed of 2.1k sh 2025 Phantom Shares — Chief Executive Officer
2026-03-08INSIDERNIEMIEC DAVID W disposed of 1.6k sh 2025 Phantom Shares — Director
2026-03-08INSIDERBast Michael Scott disposed of 929 sh 2025 Phantom Shares — President and COO
2026-03-08INSIDERNIEMIEC DAVID W acquired 1.7k sh 2026 Phantom Shares — Director
2026-03-08INSIDERBast Michael Scott disposed of 1.2k sh 2024 Phantom Shares — President and COO
2026-03-08INSIDERBast Michael Scott disposed of 1.3k sh 2023 Phantom Shares — President and COO
2025-12-31EARNINGSQuarterly results — Q3 2025
2025-12-31EARNINGSAnnual results — FY 2025 Revenue USD 1.62B · Net USD 352.9M
Showing the 40 most recent of 63 entries.
The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04
Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data
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