“I Think You Have a Winner” Cramer Excited About Hess Midstream’s 7% Dividend Yield
On Aug. 13, 2026, Jim Cramer told a caller he likes Hess Midstream (HESM), citing its 7%+ dividend yield and a record of quarterly dividend increases since 2017. Hess Midstream’s latest distribution was $0.7888 per unit, ex-div Aug. 6, 2026, with a stated 5% annual growth target. The article also notes Chevron (CVX) owns Hess Corporation, making Chevron a key customer. HESM closed at $39.78.
How this was made
The 30-second read
Why it matters
For HESM, the actionable element is the detailed, verifiable distribution-growth sequence and the stated 5% annual distribution growth target. For CVX, the impact is indirect through the anchor-customer relationship, with no new Chevron-specific decision disclosed.
Market read
Traders may use the distribution history and reiterated growth target to frame income positioning in HESM, but the piece does not introduce a new filing, guidance change, or operational catalyst.
What to watch
The article does not quantify coverage ratios, contract expiries, or sensitivity to Bakken production and Chevron capital allocation, which are key to sustaining distribution growth.
Background
The article is a Mad Money segment where Jim Cramer discusses Hess Midstream’s dividend/distribution record and links it to Chevron’s acquisition of Hess Corporation.
Ticker impact
Article highlights Hess Midstream’s uninterrupted 37-quarter distribution growth, with the latest $0.7888 paid Aug 14, 2026 and a 5% annual growth target.
Modest positive bias for income-focused flows; limited upside unless distribution growth guidance is revised.
The piece provides specific distribution history and reiterates a 5% annual distribution growth target, but it is framed as commentary rather than a fresh filing or guidance update.
Chevron is discussed as Hess’s upstream owner via acquisition of Hess Corporation, making CVX the anchor customer behind Hess Midstream’s fee-based cash flows.
No direct CVX catalyst; any impact would be indirect and likely second-order.
The article cites Chevron’s integration status in general terms but does not disclose a new CVX decision, filing, or operational change.
Market effects
Reinforces midstream income appeal tied to upstream customer stability, but provides no new sector-wide regulatory or demand shock.
No new Bakken-specific operational update beyond general dependence on Chevron’s pace.
Limited, as the story is company-specific distribution history and an anchor-customer relationship.
Counterpoint
A long distribution-growth streak can still reverse if upstream volumes, contract terms, or cost inflation pressure cash flows, so yield alone is not a margin of safety.
Key entities
- companyHess Midstream
Public midstream partnership discussed for its uninterrupted quarterly distribution increases and latest $0.7888 payout.
- companyChevron
Upstream owner of Hess Corporation, described as the anchor customer behind Hess Midstream’s cash flows.
- personJim Cramer
Host providing commentary on the stock’s dividend appeal and the Hess-Chevron linkage.
