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HESM MLP — Hess Midstream LP
Hess Midstream LP (HESM)
Updated November 4, 2026.
Verdict as of November 4, 2026 close
HESM's distribution is rated safe by the Dividend Vision Distribution Safety Score™ (90/100, high confidence). It pays quarterly and its distribution rate is 10.04%. The latest total cash payment per current share, $0.7985 with an ex-date of November 5, 2026, was 1.2% higher than the previous $0.7888. It is not yet confirmed whether this is an increase in the regular payout or a one-off difference.
Sources: Hess Midstream page for HESM, Section 19a-1 notices, scoring methodology.
HESM is an MLP. Its distribution rate is 10.04%, its trailing-12-month yield is 12.22%. Dividend Vision Distribution Safety Score™ is 90/100 (Safe). Total return is 152.0% over the past 9.6 years, 126.6 points behind SPY at 278.6%.
HESM dividend yield and income
Price as of 2026-11-04.
The distribution rate (10.04%) has no calculation basis on file. Trailing-12-month yield (12.22%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.7985. The ex-dividend date is 11/05/2026. The payment date is 11/13/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-11-05 | $0.7985 | 1.2% Total cash (unclassified) |
| 2026-08-06 | $0.7888 | 1.2% Total cash (unclassified) |
| 2026-05-07 | $0.7792 | 2.0% Total cash (unclassified) |
| 2026-02-05 | $0.7641 | 1.2% Total cash (unclassified) |
| 2025-11-06 | $0.7548 | 2.4% Total cash (unclassified) |
| 2025-08-07 | $0.737 | 3.8% Total cash (unclassified) |
| 2025-05-08 | $0.7098 | 1.2% Total cash (unclassified) |
| 2025-02-06 | $0.7012 | 2.4% Total cash (unclassified) |
| 2024-11-07 | $0.6846 | 2.5% Total cash (unclassified) |
| 2024-08-08 | $0.6677 | 2.5% Total cash (unclassified) |
| 2024-05-01 | $0.6516 | 2.7% Total cash (unclassified) |
| 2024-02-07 | $0.6343 | 2.7% Total cash (unclassified) |
| 2023-11-01 | $0.6175 | 2.7% Total cash (unclassified) |
| 2023-08-02 | $0.6011 | 2.7% Total cash (unclassified) |
| 2023-05-03 | $0.5851 | 2.7% Total cash (unclassified) |
| 2023-02-01 | $0.5696 | 1.2% Total cash (unclassified) |
| 2022-11-02 | $0.5627 | 1.2% Total cash (unclassified) |
| 2022-08-03 | $0.5559 | 1.2% Total cash (unclassified) |
| 2022-05-04 | $0.5492 | 6.3% Total cash (unclassified) |
| 2022-02-02 | $0.5167 | 1.2% Total cash (unclassified) |
| 2021-11-03 | $0.5104 | 1.2% Total cash (unclassified) |
| 2021-08-06 | $0.5042 | 11.4% Total cash (unclassified) |
| 2021-04-30 | $0.4526 | 1.2% Total cash (unclassified) |
| 2021-02-03 | $0.4471 | 1.2% Total cash (unclassified) |
| 2020-11-04 | $0.4417 | 1.2% Total cash (unclassified) |
| 2020-08-05 | $0.4363 | 1.2% Total cash (unclassified) |
| 2020-05-01 | $0.431 | 1.2% Total cash (unclassified) |
| 2020-02-05 | $0.4258 | 3.6% Total cash (unclassified) |
| 2019-11-01 | $0.4112 | 3.6% Total cash (unclassified) |
| 2019-08-02 | $0.397 | 3.6% Total cash (unclassified) |
| 2019-05-02 | $0.3833 | 3.6% Total cash (unclassified) |
| 2019-02-01 | $0.3701 | 3.5% Total cash (unclassified) |
| 2018-11-02 | $0.3575 | 3.6% Total cash (unclassified) |
| 2018-08-01 | $0.3452 | 3.6% Total cash (unclassified) |
| 2018-05-03 | $0.3333 | 3.6% Total cash (unclassified) |
| 2018-02-01 | $0.3218 | 3.6% Total cash (unclassified) |
| 2017-11-02 | $0.3107 | 14.9% Total cash (unclassified) |
| 2017-08-02 | $0.2703 | — |
| 2017 total | $0.581 | — |
| 2018 total | $1.3578 | 133.7% |
| 2019 total | $1.5616 | 15.0% |
| 2020 total | $1.7348 | 11.1% |
| 2021 total | $1.9143 | 10.3% |
| 2022 total | $2.1845 | 14.1% |
| 2023 total | $2.3733 | 8.6% |
| 2024 total | $2.6382 | 11.2% |
| 2025 total | $2.9028 | 10.0% |
| 2026 YTD total | $3.1306 | 7.8% vs prior-year YTD |
HESM dividend growth
Trailing-12-month distributions versus the preceding 12 months changed +7.8%. The 1Y row below uses this same adjacent TTM cash-window comparison.
| Window | Change |
|---|---|
| 1Y | +7.8% |
| 3Y | 31.9% |
| 5Y | 63.5% |
HESM performance versus SPY
Total return is 152.0% over the past 9.6 years, 126.6 points behind SPY at 278.6%. Over the past year its total return — price change plus distributions reinvested — is 2.0%. Its deepest 1-year drawdown was 26.7%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -15.8% | — |
| 3M | -19.5% | — |
| 6M | -16.2% | — |
| YTD | -1.9% | — |
| 1Y | 2.0% | — |
| 2Y CAGR | — | 3.80% |
| 3Y CAGR | — | 9.10% |
| 5Y CAGR | — | 13.10% |
| Since 2017-04-05 (first price on file) · 9.6 years | 152.0% | 10.10% |
HESM key facts
- Distribution Safety Score™
- 90 · Safe
- Safety-Adjusted Yield
- 9.04%
- Issuer
- Hess Midstream
- Asset type
- MLP
- Asset class
- Equity
- Distribution rate
- 10.04%
- Distribution frequency
- Quarterly
- Trailing yield
- 12.22%
- 5-year average yield
- 7.37
- Last close
- $31.80 (as of 2026-11-04)
- Market cap
- $4,081,558,016
- Average volume
- 4,466,109
- Dividend
- $0.7985
- Ex-dividend date
- 11/05/2026
- Payment date
- 11/13/2026
- Beta
- 0.654
- Payout ratio
- 107.2%
- P/E ratio
- 10.89
- Forward P/E
- 9.91
- EPS
- $2.92
How Dividend Vision calculates yield and returns
Distribution rate (10.04%) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (12.22%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Hess Midstream or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
HESM risks and drawbacks
Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 26.7%.
Who may consider HESM — and who may not
HESM may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (HESM pays quarterly); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on HESM
Frequently asked questions
Does HESM pay monthly?
No. HESM currently pays quarterly, not monthly.
What is HESM's dividend yield?
HESM's distribution rate is 10.04%, paid quarterly — no calculation basis on file.
How has HESM's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed +7.8%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does HESM pay a dividend?
HESM pays quarterly. The dividend amount is $0.7985. The ex-dividend date is 11/05/2026. The payment date is 11/13/2026.
How has HESM performed?
Total return is 152.0% over the past 9.6 years, 126.6 points behind SPY at 278.6%. Over the past year its total return — price change plus distributions reinvested — is 2.0%. Its deepest 1-year drawdown was 26.7%.
Is HESM a good investment?
HESM's Dividend Vision Distribution Safety Score is 90 (Safe). That is a risk signal, not investment advice. Its distribution rate is 10.04% (no calculation basis on file). Compare peers below rather than treating any single figure as a buy or sell.
More securities from Hess Midstream.
Tickers
HESM's distribution is rated safe by the Dividend Vision Distribution Safety Score™ (90/100, high confidence). It pays quarterly and its distribution rate is 10.04%. The latest total cash payment per current share, $0.7985 with an ex-date of November 5, 2026, was 1.2% higher than the previous $0.7888. It is not yet confirmed whether this is an increase in the regular payout or a one-off difference.
Sources: Hess Midstream page for HESM, Section 19a-1 notices, scoring methodology.
Holdings as-of date unavailable.
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