NYSE:HESMOil and Gas
Hess Midstream (HESM) Stock Faces Growth Questions Despite Strong Cash Margins
Hess Midstream slipped about 1% to US$40.28 after its Q2 release, a cool reaction for a stock that has quietly added around 5% over the past month. The short term story is a modest red day on the screen. The longer term story is a midstream operator still reporting high cash earnings and wide margins, with adjusted EBITDA of US$314 million in the quarter and a gross margin near 85%.
The main question for investors is not today’s move. It is whether that cash generation and high margin profile...