Hess Midstream’s 8% Payout Surpasses Analyst Price Forecasts
Hess Midstream (HESM) closed at $39.14, down 3.4% for the week, with an 8.1% annualized yield. Free cash flow increased 19.5% YoY, while revenue fell 3.7%. The board raised the quarterly payout by $0.0096. Analysts' average target price is $37.50, 4.2% below Friday's close. Chevron (CVX) contributes 95% of HESM's revenue.




