HESM (Hess Midstream LP) Dividend Payout Ratio: 1.16 (As of Mar. 2026) — Near Median

What is Hess Midstream LP Dividend Payout Ratio?

Hess Midstream LP HESM -0.28% 67 Dividend Payout Ratio is 1.16 as of Mar. 2026, which is at its 10-year median of 1.16. GuruFocus rates HESM with a GF Score™ of 67/100 and a GF Value™ of $24.43 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 436 Oil & Gas companies, Hess Midstream LP ranks worse than 81.65% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Hess Midstream LP's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.16.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Hess Midstream LP is 1.06, which seems too high.

The historical rank and industry rank for Hess Midstream LP's Dividend Payout Ratio or its related term are showing as below:

HESM' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.88 Med: 1.16 Max: 2.3
Current: 1.06

During the past 13 years, the highest Dividend Payout Ratio of Hess Midstream LP was 2.30. The lowest was 0.88. And the median was 1.16.

HESM's Dividend Payout Ratio is ranked worse than
81.65% of 436 companies
in the Oil & Gas industry
Industry Median: 0.5 vs HESM: 1.06

As of today (2026-06-29), the Dividend Yield % of Hess Midstream LP is 8.08%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Hess Midstream LP was 18.45%. The lowest was 1.23%. And the median was 7.19%.

Hess Midstream LP's Dividends per Share for the months ended in Mar. 2026 was $0.76.

During the past 12 months, Hess Midstream LP's average Dividends Per Share Growth Rate was 9.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 9.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 10.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Hess Midstream LP was 44.00% per year. The lowest was 9.90% per year. And the median was 11.55% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Hess Midstream LP (NYSE:HESM) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Hess Midstream LP Dividend Payout Ratio Related Terms

Hess Midstream LP Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Hess Midstream LP's Dividend Payout Ratio 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.

Hess Midstream LP Dividend Payout Ratio Chart

Hess Midstream LP Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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1.41

1.16

1.22

1.12

1.06

Hess Midstream LP Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															1.13	1.00	1.03	1.08	1.16

HESM vs PAGP, GLNG, INSW: Dividend Payout Ratio Comparison

For the Oil & Gas Midstream subindustry, Hess Midstream LP's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hess Midstream LP's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Hess Midstream LP's Dividend Payout Ratio falls into.

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67GF Score

Hess Midstream LP HESM

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Hess Midstream LP Dividend Payout Ratio Calculation

Hess Midstream LP's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	2.903	/	2.749
	=	1.06

Hess Midstream LP's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.764	/	0.659
	=	1.16

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.16 mean?

Hess Midstream LP (HESM) has a Dividend Payout Ratio of 1.16 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Hess Midstream LP and its competitors. This is near median its historical median of 1.16. Over the past decade, Hess Midstream LP's Dividend Payout Ratio has ranged from 0.88 to 2.30. According to the industry distribution chart, Hess Midstream LP ranks #356 out of 436 companies in the Oil & Gas industry, placing it in the top 81.7%.

Is Hess Midstream LP's Dividend Payout Ratio too high?

Hess Midstream LP's current Dividend Payout Ratio of 1.16 is near median its 10-year median of 1.16. Over the past 10 years, this metric has ranged from a low of 0.88 to a high of 2.30. The Oil & Gas industry median Dividend Payout Ratio is 0.50. Hess Midstream LP's value of 1.16 is 132% above this industry median. Based on the distribution chart, Hess Midstream LP ranks #356 out of 436 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Hess Midstream LP has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Hess Midstream LP's Dividend Payout Ratio compare to PAGP and GLNG?

According to the Oil & Gas industry distribution chart, Hess Midstream LP ranks #356 out of 436 companies for Dividend Payout Ratio. This places Hess Midstream LP in the lower half of its industry. The industry median Dividend Payout Ratio is 0.50. Hess Midstream LP's value of 1.16 is 132% above this benchmark. Historically, Hess Midstream LP's own Dividend Payout Ratio has ranged from 0.88 to 2.30 over the past decade. While the company's 10-year median is 1.16 vs. the industry median of 0.50, Hess Midstream LP has consistently been above 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 Dividend Payout Ratio for an Oil & Gas company?

The median Dividend Payout Ratio among Oil & Gas companies is 0.50, based on 436 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hess Midstream LP's current Dividend Payout Ratio of 1.16 is 132% above 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 Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Hess Midstream LP and its competitors. For the Oil & Gas industry, the median Dividend Payout Ratio 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 Dividend Payout Ratio is 1.16, which is near median its own 10-year median of 1.16. 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 $24.43, compared to a current price of $37.57 — trading 53.8% above its estimated fair value. The current Dividend Payout Ratio is 1.16, which is near median its 10-year median of 1.16 and 132% above the Oil & Gas industry median of 0.50. Hess Midstream LP's overall GF Score™ is 67/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Hess Midstream LP (HESM), the current Dividend Payout Ratio is 1.16 as of Mar. 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 $37.57 is trading 53.8% above its estimated GF Value™ of $24.43. GuruFocus considers Hess Midstream LP to be Significantly Overvalued.

Key valuation signals for HESM:

Dividend Payout Ratio: 1.16 (near median its 10-year median of 1.16)
GF Value™: $24.43 vs. price of $37.57 (53.8% above fair value)
GF Score™: 67/100 with 8 warning signs
Industry Position: 132% above the Oil & Gas median (#356 of 436)

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 Business Description

Industry Energy Oil & Gas

Comparable Companies PAGP GLNG INSW KNTK STNG SUNC DHT TNK NGL FRO TSX:ENB WMB EPD KMI TSX:TRP ET TRGP MPLX OKE LNG

Address 1400 Smith Street, Houston, TX, USA, 77002

Website https://www.hessmidstream.com

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.

67GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$37.57

Price

$24.43

GF Value

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