Hess Midstream LP (Hess Midstream LP) EV-to-EBIT : 7.34 (As of Apr. 25, 2024)

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What is Hess Midstream LP EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Hess Midstream LP's Enterprise Value is $6,054 Mil. Hess Midstream LP's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $825 Mil. Therefore, Hess Midstream LP's EV-to-EBIT for today is 7.34.

The historical rank and industry rank for Hess Midstream LP's EV-to-EBIT or its related term are showing as below:

HESM' s EV-to-EBIT Range Over the Past 10 Years
Min: 4.76 Med: 6.63 Max: 12.76
Current: 7.36

During the past 12 years, the highest EV-to-EBIT of Hess Midstream LP was 12.76. The lowest was 4.76. And the median was 6.63.

HESM's EV-to-EBIT is ranked better than
57.74% of 736 companies
in the Oil & Gas industry
Industry Median: 8.475 vs HESM: 7.36

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Hess Midstream LP's Enterprise Value for the quarter that ended in Dec. 2023 was $5,391 Mil. Hess Midstream LP's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $825 Mil. Hess Midstream LP's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 15.29%.

Hess Midstream LP EV-to-EBIT Historical Data

The historical data trend for Hess Midstream LP's EV-to-EBIT 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.

* Premium members only.

Hess Midstream LP EV-to-EBIT Chart

Hess Midstream LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EV-to-EBIT

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8.84

5.90

5.48

5.63

6.54

Hess Midstream LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EV-to-EBIT	Get a 7-Day Free Trial															5.63	5.66	6.22	6.44	6.54

Competitive Comparison of Hess Midstream LP's EV-to-EBIT

For the Oil & Gas Midstream subindustry, Hess Midstream LP's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hess Midstream LP's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hess Midstream LP's EV-to-EBIT falls into.

Hess Midstream LP EV-to-EBIT Calculation

Hess Midstream LP's EV-to-EBIT for today is calculated as:

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	6053.599	/	824.6
	=	7.34

Hess Midstream LP's current Enterprise Value is $6,054 Mil.
Hess Midstream LP's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $825 Mil.

Hess Midstream LP (NYSE:HESM) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Hess Midstream LP's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2023 )	=	EBIT	/	Enterprise Value (Q: Dec. 2023 )
	=	824.6	/	5391.470351
	=	15.29 %

Hess Midstream LP's Enterprise Value for the quarter that ended in Dec. 2023 was $5,391 Mil.
Hess Midstream LP's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $825 Mil.

Hess Midstream LP EV-to-EBIT Related Terms

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Hess Midstream LP (Hess Midstream LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hess Midstream LP (NYSE:HESM) » Definitions » EV-to-EBIT

Comparable Companies

VNOM NS KNTK DHT INSW GLNG TNK HEP GEL LPG TSX:ENB EPD WMB ET LNG OKE MPLX KMI TSX:TRP CQP

Traded in Other Exchanges

N/A

Address

1501 McKinney Street, Houston, TX, USA, 77010

Website

https://www.hessmidstream.com

Hess Midstream LP owns, operates, develops, and acquires a diverse set of midstream assets and provides fee-based services to Hess and third-party customers. It conducts its business through three operating segments: gathering, processing and storage, and terminaling and exporting. The company derives the maximum revenue from the gathering segment. Its gathering segment consists of the following assets namely Natural Gas Gathering and Compression; Crude Oil Gathering and Produced Water Gathering and Disposal.

Executives

Global Infrastructure Investors Ii, Llc	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 12 E. 49TH STREET, NEW YORK NY 10017
Hess Corp	director, 10 percent owner	1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Jonathan C. Stein	officer: Chief Financial Officer	HESS MIDSTREAM PARTNERS LP, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
John A. Gatling	officer: President and COO	HESS MIDSTREAM PARTNERS LP, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Geurt G Schoonman	director	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
James K Lee	director	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Gip Ii Blue Holding, L.p.	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE MANAGEMENT LLC, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Letwin Stephen J J	director	HESS MIDSTREAM PARTNERS LP, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
John B Hess	director, officer: Chairman and CEO	C/O HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Global Infrastructure Gp Ii, L.p.	director, 10 percent owner	12 EAST 49TH STREET, 38TH FLOOR, NEW YORK NY 10017
J Patrick Reddy	director
Hess Infrastructure Partners Gp Llc	director, 10 percent owner	1501 MCKINNEY STREET, HOUSTON TX 77010
Hess Midstream Gp Llc	director, 10 percent owner	1501 MCKINNEY STREET, HOUSTON TX 77010
Hess Midstream Gp Lp	director, 10 percent owner	1501 MCKINNEY STREET, HOUSTON TX 77010
Gip Blue Holding Gp, Llc	director, 10 percent owner	12 EAST 49TH STREET, 38TH FLOOR, NEW YORK NY 10017