Shared on 16 Dec 25

HESM: Bakken Rig Cuts Will Shape Future EBITDA And Capital Returns

Analysts have trimmed their average price target for Hess Midstream to about $37. This reflects reduced long term revenue growth expectations amid anticipated Chevron rig cuts in the Bakken and more modest, though still resilient, EBITDA and capital return trajectories.

Shared on 01 Dec 25

Fair value Decreased 0.39%

HESM: Slower Bakken Activity And Dividends Will Define Future Returns

Analysts have reduced their average price target for Hess Midstream from $37 to approximately $36.86. This change reflects expectations of slower EBITDA growth and balanced risk in light of Chevron's anticipated reduction in Bakken activity and a revised capital return outlook.

Shared on 17 Nov 25

HESM: Dividend Strength And Buybacks Will Offset Chevron Bakken Uncertainty

Analysts have lowered their price target for Hess Midstream to $37 from $41 per share. They cite slower growth expectations because of anticipated reductions in Chevron's Bakken rig activity and a more cautious outlook for future earnings.

Shared on 03 Nov 25

Fair value Decreased 7.50%

Hess Midstream's analyst price target has been revised downward from $40 to $37 as analysts adjust expectations for slower revenue growth and profit margins. This is largely due to a tempered outlook for Bakken activity and more conservative future earnings assumptions.

Shared on 20 Oct 25

Fair value Decreased 3.11%

Analysts have reduced their fair value estimate for Hess Midstream from $41.29 to $40.00, citing moderated growth forecasts and tempered capital return expectations in light of updated views on Bakken activity. Analyst Commentary Recent analyst assessments of Hess Midstream reflect a nuanced outlook, with both bullish and bearish perspectives factoring into the company's revised valuation and growth trajectory.

Shared on 05 Oct 25

Fair value Decreased 6.52%

Hess Midstream's analyst price target has been lowered by nearly $3, from approximately $44.17 to $41.29 per share, as analysts reset growth expectations in response to reduced rig activity in the Bakken and a less certain outlook following Chevron's acquisition of Hess Corp. Analyst Commentary Following the recent developments affecting Hess Midstream, analysts have delivered a mix of optimistic and cautious insights regarding the company’s future valuation, growth prospects, and capital allocation potential.

Shared on 20 Sep 25

Fair value Decreased 4.33%

Analysts have reduced their price target for Hess Midstream to $44.17, citing heightened uncertainty over future growth and capital returns due to Chevron’s rig reductions and less compelling standalone prospects post-acquisition. Analyst Commentary Chevron’s decision to reduce Bakken rigs is expected to significantly lower Hess Midstream's near-term EBITDA growth and capital return prospects.

Shared on 07 May 25

Fair value Decreased 48%

Shared on 30 Apr 25

AnalystConsensusTarget has increased profit margin from 22.8% to 30.8% and decreased future PE multiple from 34.5x to 25.7x.

Shared on 23 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Increased 4.06%

AnalystConsensusTarget has increased profit margin from 14.9% to 22.7% and decreased future PE multiple from 52.7x to 35.3x.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 10 Mar 25

Fair value Increased 95%

AnalystConsensusTarget has decreased revenue growth from 11.5% to 9.4%, increased profit margin from 13.5% to 15.0% and increased future PE multiple from 19.0x to 52.7x.

HESM: Dividend Growth And Buybacks Will Offset Bakken Development Uncertainty

HESM: Bakken Rig Cuts Will Shape Future EBITDA And Capital Returns

HESM: Slower Bakken Activity And Dividends Will Define Future Returns

HESM: Dividend Strength And Buybacks Will Offset Chevron Bakken Uncertainty

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