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Hess Midstream Partners (HESM) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Hess Midstream ( NYSE:HESM ) just wrapped up a multiyear infrastructure buildout, and CEO Jonathan Stein is telling investors the hard work is done.

Hess Midstream LP  ( NYSE:HESM ), the fee-based, growth-oriented midstream energy company, announced a $60 million equity repurchase on March 3, 2026, the latest move in a capital return program that has returned hundreds of millions to shareholders annually.

Energy Transfer owns and holds an interest in multiple major midstream energy infrastructure assets, and remains well positioned to sustain further distribution growth. Hess Midstream is utilizing both cash distributions and share repurchases to return capital to shareholders.

Twenty-nine midstream energy companies were evaluated on a relative favorability matrix with factors representing yield, yield coverage, valuation, profitability, growth, and leverage. Based on this analysis, UGP, HESM, and USAC are the most favorable prospects in the midstream industry. I recommend investors who own TRP, GEL, or DKL carefully review their position, as these midstreams compare unfavorably to peers.

HOUSTON--(BUSINESS WIRE)--HESS MIDSTREAM LP ANNOUNCES SIGNING OF ACCRETIVE $60 MILLION REPURCHASE FROM SPONSOR AND THE PUBLIC.

HOUSTON--(BUSINESS WIRE)--Hess Midstream LP Announces Filing of 2025 Annual Report on Form 10-K.