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Hess Midstream LPHESM +0.10%69 Equity-to-Asset is 0.12 as of Jun. 2026, which is at its 10-year median of 0.12. GuruFocus rates HESM with a GF Score™ of 69/100 and a GF Value™ of $27.57 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,034 Oil & Gas companies, Hess Midstream LP ranks worse than 88.2% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Hess Midstream LP's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $515 Mil. Hess Midstream LP's Total Assets for the quarter that ended in Jun. 2026 was $4,257 Mil.
Therefore, Hess Midstream LP's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.12.
The historical rank and industry rank for Hess Midstream LP's Equity-to-Asset or its related term are showing as below:
HESM'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.04 Med: 0.12 Max: 0.88
Current: 0.12
During the past 13 years, the highest Equity to Asset Ratio of Hess Midstream LP was 0.88. The lowest was 0.04. And the median was 0.12.
HESM's Equity-to-Asset is ranked worse than 88.2% of 1034
companies
in the Oil & Gas industry
Industry Median: 0.495
vs HESM: 0.12
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Hess Midstream LP Equity-to-Asset Related Terms
Hess Midstream LP Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Hess Midstream LP's Equity-to-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HESM vs PAGP, GLNG, INSW: Equity-to-Asset Comparison
For the Oil & Gas Midstream subindustry, Hess Midstream LP's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Hess Midstream LP Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Hess Midstream LP's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Hess Midstream LP's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Hess Midstream LP's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Hess Midstream LP (HESM) has a Equity-to-Asset of 0.12 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Hess Midstream LP and its competitors. This is near median its historical median of 0.12. Over the past decade, Hess Midstream LP's Equity-to-Asset has ranged from 0.04 to 0.88. According to the industry distribution chart, Hess Midstream LP ranks #912 out of 1034 companies in the Oil & Gas industry, placing it in the top 88.2%.
Is Hess Midstream LP's Equity-to-Asset too high?
Hess Midstream LP's current Equity-to-Asset of 0.12 is near median its 10-year median of 0.12. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.88. The Oil & Gas industry median Equity-to-Asset is 0.50. Hess Midstream LP's value of 0.12 is 75.8% below this industry median. Based on the distribution chart, Hess Midstream LP ranks #912 out of 1034 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Hess Midstream LP has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hess Midstream LP's Equity-to-Asset compare to PAGP and GLNG?
According to the Oil & Gas industry distribution chart, Hess Midstream LP ranks #912 out of 1034 companies for Equity-to-Asset. This places Hess Midstream LP in the lower half of its industry. The industry median Equity-to-Asset is 0.50. Hess Midstream LP's value of 0.12 is 75.8% below this benchmark. Historically, Hess Midstream LP's own Equity-to-Asset has ranged from 0.04 to 0.88 over the past decade. While the company's 10-year median is 0.12 vs. the industry median of 0.50, Hess Midstream LP has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for an Oil & Gas company?
The median Equity-to-Asset among Oil & Gas companies is 0.50, based on 1,034 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hess Midstream LP's current Equity-to-Asset of 0.12 is 75.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Hess Midstream LP and its competitors. For the Oil & Gas industry, the median Equity-to-Asset is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hess Midstream LP's current Equity-to-Asset is 0.12, which is near median its own 10-year median of 0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hess Midstream LP stock overvalued right now?
Based on GuruFocus' analysis, Hess Midstream LP (HESM) is currently considered Significantly Overvalued. The stock's GF Value™ is $27.57, compared to a current price of $39.14 — trading 42% above its estimated fair value. The current Equity-to-Asset is 0.12, which is near median its 10-year median of 0.12 and 75.8% below the Oil & Gas industry median of 0.50. Hess Midstream LP's overall GF Score™ is 69/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Hess Midstream LP (HESM), the current Equity-to-Asset is 0.12 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Hess Midstream LP (HESM) Overvalued in 2026?
Based on GuruFocus' analysis, Hess Midstream LP stock appears to be overvalued.
The current stock price of $39.14 is trading 42% above its estimated GF Value™ of $27.57.
GuruFocus considers Hess Midstream LP to be Significantly Overvalued.
Key valuation signals for HESM:
Equity-to-Asset: 0.12 (near median its 10-year median of 0.12)
GF Value™: $27.57 vs. price of $39.14 (42% above fair value)
Industry Position: 75.8% below the Oil & Gas median (#912 of 1034)
No single metric tells the full story. See the HESM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hess Midstream LP is a fee-based, growth-oriented limited partnership that owns, operates, develops, and acquires a portfolio of midstream assets. The company provides fee-based services to Chevron Corporation and generates all of its revenue by charging fees for gathering, compressing, and processing natural gas, fractionating NGLs, gathering, terminaling, loading, and transporting crude oil and NGLs, storing and terminaling propane, and gathering and disposing of produced water. It operates through gathering, processing, and storage, and terminaling and export segments, with the gathering segment contributing the maximum share of revenue and comprising natural gas gathering and compression, as well as crude oil gathering and produced water gathering and disposal assets.
69GF Score
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