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Hess Midstream LP Class A Representing Limited Partner Interests (HESM) Options Positioning, Max Pain & Unusual Sweeps

$32.44 -0.82% NYSE β€’ Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $32.33

Hess Midstream LP Class A Representing Limited Partner Interests (HESM) carries a Roarable Rating of D+ (Sell) with 56/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D+ β€’ SELL / AVOID Cap $4.16B
πŸ“€ Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
⚑ INSTANT AI QUANT PREVIEW β€’ $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on HESM Below β€” or Connect Your Own ChatGPT / Claude
πŸ€– Mara Quenwick β€’ AI Quant Lead (Click for Instant Brief) Is HESM stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
β–Ό

As of 2026-11-03, Hess Midstream LP Class A Representing Limited Partner Interests (NYSE: HESM) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 56/100 at a spot price of $32.44 (-0.82% 1D, market cap $4.16B). Pillar breakdown: Fundamental Cash Engine 13/20, Institutional 13F & Options Flow 7/20, SEC Balance-Sheet Forensics 10/20, FRED Macro Regime Fit 8/20, and Executive Insider Alignment 18/20. Across 211 tracked Energy issuers, HESM ranks #112 in composite RQD confidence.

βœ“ Pre-computed one-to-many AI Quant brief
πŸ€– Ellis Vennor β€’ AI Peer & Flow Quant (Click for Instant Brief) How does HESM compare to CRK and CRGY in the Energy sector?
β–Ό

Within the Energy sector (Oil & Gas Production), HESM carries a Roarable D+ (56/100 RQD), trailing P/E of 11.7x, gross margin of β€”, and ROIC of 19.1%. By comparison, CRK (Comstock Resources Inc.) holds a D grade (46/100 RQD, P/E 10.8x, ROIC 9.4%, cap $4.13B) and CRGY (Crescent Energy Company) posts a C grade (63/100 RQD, P/E 34.2x, ROIC 1.7%, cap $4.45B). Among the 5-stock peer group, CRK leads on earnings multiple (10.8x) while HESM leads on capital efficiency (19.1% ROIC).

βœ“ Pre-computed one-to-many AI Quant brief
πŸ€– Gideon Ashmere β€’ AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for HESM?
β–Ό

Per HESM's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001789832), Hess Midstream LP Class A Representing Limited Partner Interests generated $1.62B in revenue (+8.4% YoY), $352.9M in net income, and $728.2M in free cash flow against $4.39B in total assets and $3.74B in total debt. Key quantitative strengths: Company leadership has skin in the game with net positive insider conviction. Primary risk factors monitored: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Institutional options positioning shows a 50% call / 50% put premium split.

βœ“ Pre-computed one-to-many AI Quant brief
πŸ€– AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists β€” not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
πŸ›‘οΈ Portfolio Crash X-Ray
EXT / AFTER-HRS: $32.33 (-0.34%)🧬 Cannibal Buyback (-2.92% YoY Shares)βš™οΈ Cash Engine: 13/20 (C) β€’ 44.9% FCF Margin
Verify 90D Bucket Audit β†’
πŸ“Š Historical Track Record: Scores of 56/100 (D+) historically posted market-perform odds over rolling 90-day windows (-0.4% avg 90D alpha vs SPY β€’ 51.8% hit rate β€” wait for RQD β‰₯ 70 breakout).
Audit Bucket Track Record β†’
RQD QUANT TACHOMETERSELL / AVOID β€’ D+
025507510056
Quant Analyst Panel Split (Battleground)
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) β€” not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR RQD RADARRw C Β· Rk D
Cash (13)Whales (7)SEC (10)Macro (8)CEO (18)
Each axis scored 0–20
12M PRICE TARGET CONE-0.9% Base Target
$44 Bull$32 Base$25 Bear
πŸ“¬ FREE HESM RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: β€” (No Active Options Snapshot on file for HESM)Realized 20D OHLCV Swing Band: Β±5.7%
Deterministic 5-Pillar Attribution (56/100 Composite)
πŸ” WHY HESM SCORES 56/100 (D+) β€” TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
β–² #1 Bullish Driver: Insider Conviction & Share Dilution+18/20 pts (32% of score)

SEC Form 4 / 13F Thermometer: 86% Net Buy β€’ Cannibal Buyback (-2.92% YoY Shares)

β–² #2 Bullish Driver: Cash Engine Quality+13/20 pts (23% of score)

SEC XBRL FY 2025 (10-K): 44.9% FCF Margin ($728.2M FCF) & 52% Gross Margin

β–Ό #1 Drag / Risk Factor: Whale & Options Positioning7/20 pts (-13 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-13 pts vs max)

πŸ“ˆ PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 β†’ Q2 β†’ Q3 β†’ Current
Q1 (-3Q)
48
Grade D$30.62-1.9% Next Q
Q2 (-2Q)
51
Grade C-$30.04+7.4% Next Q
Q3 (-1Q)
53
Grade C-$32.25+0.6% Next Q
Current
56
Grade D+$32.44-0.4% Hist 90D Ξ±
Trajectory: D (48) β†’ D+ (56)Full Audit β†’
βš”οΈ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

βš”οΈ Adversarial Opposing Case: Why the HESM Bull Thesis Could Fail

Gideon Ashmere Forensic Desk β†’

Even with a 56/100 (D+) score, HESM faces multiple-compression risk if 11.7x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Sensitive to high interest rates and tighter Federal Reserve market liquidity.

⚠️ Forensic Kill-Switch #2

Recent SEC filings added new risk-factor disclosures that warrant keeping an eye on margins.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($35.96) or 200D SMA ($37.93) invalidates the momentum regime and cuts Target Base ($32.15) toward Bear Floor ($25.08).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $HESMβ€’ $2.4M Crowd Pool β€’ Kalshi / Polymarket Composite
Contract: β€œHESM Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”
YES 56%NO 44%Trade / Inspect Odds β†’
CALL VS. PUT WHALE SHARE
β€” (No Active Options Snapshot)
Put/Call Ratio: β€” (No Active Options Snapshot)
MAX-PAIN EXPIRATION MAGNET
β€” (No Active Options Snapshot)
No active options chain max-pain snapshot on file
HISTORICAL 20D VOLATILITY SWING
Β±5.7%
Derived from 20D OHLCV bars (No Active Options Snapshot)

Active Strike Call vs. Put Concentration Ladder (HESM)

β€” (No Active Options Snapshot) β€” No unusual CBOE strike concentration anomalies recorded in the current database snapshot for HESM.

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Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring HESM)

  • βœ“Walkthrough of HESM's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • βœ“3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
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HESM // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -17.20%πŸ“ HORIZONTAL RANGE
2026-11-04O $32.71H $32.71L $32.44C $32.44VOL 2.73M
RES: $41.12SUP: $28.90SMA50: $35.96SMA200: $37.93
$42.27$38.82$35.36$31.90$28.45RES $41.12SUP $28.90$32.442026-05-052026-06-222026-08-062026-09-222026-11-04
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

HESM Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

πŸ¦‹ HESM Butterfly Map β†’ + Track HESM β†’
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
2.0%/yr Implied 5Y Growth

vs. +8.4% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on HESM today. View full Setup Ledger β†’

πŸ¦‹ Documented & Second-Order Butterfly Connections Open Graph β†’

No direct multi-tier Butterfly edges indexed yet for HESM. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for HESM today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk β†’
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT β€’ SEC EDGAR XBRL Γ— RQD PEER BENCHMARK

πŸ“Š Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (HESM)

Energy Rank #112 of 211 βš”οΈ CRK vs HESM Full Matrix β†’

1. Head-to-Head Energy Peer Comparison (HESM vs. CRK, CRGY, HP, PTEN)

Industry: Oil & Gas Production (106 Tracked Issuers)

Across 211 tracked Energy securities in the Roarable RQD universe, Hess Midstream LP Class A Representing Limited Partner Interests (HESM) ranks #112 by composite RQD confidence (56/100, grade D+) and #92 by equity capitalization ($4.16B). Within this direct 5-issuer industry benchmark cohort, CRK leads on earnings valuation at 10.8x trailing P/E, while HESM leads on capital efficiency and profitability with 19.1% ROIC and β€” gross margin. CRGY currently holds the highest overall quantitative score in the immediate peer group at 63/100 (C) compared with HESM at 56/100 (D+).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
HESM ACTIVE
Hess Midstream LP Class A Representing Limited Partner Interests
D+ 56/100 11.7x β€” 19.1% -0.82% $4.16B Benchmark Subject
CRK
Comstock Resources Inc.
D 46/100 10.8x β€” 9.4% -4.48% $4.13B /crk-vs-hesm β†’
CRGY
Crescent Energy Company
C 63/100 34.2x β€” 1.7% -5.14% $4.45B /crgy-vs-hesm β†’
HP
Helmerich & Payne Inc.
C 62/100 β€” β€” 0.1% -9.65% $3.88B /hp-vs-hesm β†’
PTEN
Patterson-UTI Energy Inc.
C 63/100 β€” β€” -0.8% -11.41% $4.50B /pten-vs-hesm β†’

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K β€’ FILED 2025-12-31 β€’ CIK 0001789832 β†—

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Hess Midstream LP Class A Representing Limited Partner Interests (HESM) reported GAAP revenue of $1.62B (+8.4% vs. FY2024 revenue of $1.50B , and +20.2% cumulative change since FY2023) , GAAP net income of $352.9M, operating cash flow of $983.8M, and free cash flow of $728.2M (+14.8% YoY). On the balance sheet, HESM closed FY2025 with $4.39B in total assets against $3.74B in total debt (Altman Z-Score: 1.80, Piotroski F-Score: 7/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $1.62B $352.9M $983.8M $728.2M $4.39B $3.74B
FY2024 (FY) 2024-12-31 $1.50B $223.1M $940.3M $634.2M $4.15B $3.45B
FY2023 (FY) 2023-12-31 $1.35B $118.6M $866.4M $805.7M $2.28B $532.7M

3. HESM Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

βœ“ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is HESM stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, Hess Midstream LP Class A Representing Limited Partner Interests (NYSE: HESM) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 56/100 at a spot price of $32.44 (-0.82% 1D, market cap $4.16B). Pillar breakdown: Fundamental Cash Engine 13/20, Institutional 13F & Options Flow 7/20, SEC Balance-Sheet Forensics 10/20, FRED Macro Regime Fit 8/20, and Executive Insider Alignment 18/20. Across 211 tracked Energy issuers, HESM ranks #112 in composite RQD confidence.

How does HESM compare to CRK and CRGY in the Energy sector?

Within the Energy sector (Oil & Gas Production), HESM carries a Roarable D+ (56/100 RQD), trailing P/E of 11.7x, gross margin of β€”, and ROIC of 19.1%. By comparison, CRK (Comstock Resources Inc.) holds a D grade (46/100 RQD, P/E 10.8x, ROIC 9.4%, cap $4.13B) and CRGY (Crescent Energy Company) posts a C grade (63/100 RQD, P/E 34.2x, ROIC 1.7%, cap $4.45B). Among the 5-stock peer group, CRK leads on earnings multiple (10.8x) while HESM leads on capital efficiency (19.1% ROIC).

What are the biggest fundamental strengths and SEC risk factors for HESM?

Per HESM's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001789832), Hess Midstream LP Class A Representing Limited Partner Interests generated $1.62B in revenue (+8.4% YoY), $352.9M in net income, and $728.2M in free cash flow against $4.39B in total assets and $3.74B in total debt. Key quantitative strengths: Company leadership has skin in the game with net positive insider conviction. Primary risk factors monitored: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Institutional options positioning shows a 50% call / 50% put premium split.

Where is HESM trading relative to its 50-day, 200-day, and 52-week technical levels?

HESM last traded at $32.44 (-0.82% on volume of 2,725,850 shares), positioning the stock -9.79% below its 50-day simple moving average ($35.96) and -14.47% below its 200-day simple moving average ($37.93). Across its 52-week range of $29.52 to $41.44, HESM sits at the 24.5% percentile with a 14-day RSI of 44.5 (NEUTRAL RANGE) and an implied next-earnings move of Β±5.7% ($30.59 to $34.29).

Direct Sub-Reports: HESM RQD Cockpit HESM 12M Forecast HESM Earnings & Move HESM Dividends & DRIP HESM Insiders & 13F HESM Whale Options HESM Profit Sankey HESM News & Why
ROARABLE RATING BRIEF β€’ RQD 56/100 (D+) βœ“ SEC XBRL & RQD VERIFIED

HESM β€” Hess Midstream LP Class A Representing Limited Partner Interests: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Hess Midstream LP Class A Representing Limited Partner Interests (HESM) earns a live Roarable RQD composite score of 56/100, corresponding to a D+ letter grade (Roarable Sell) at a spot price of $32.44 (-0.82% 1D, market capitalization $4.16B).

  • Fundamental Cash Engine (13/20): Anchored by return on invested capital (ROIC) of 19.1%, gross margin of β€”, operating margin of 62.2%, and free cash flow yield of 17.59%.
  • Whale 13F & Options Flow (7/20) + Insider Conviction (18/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (8/20) + Forensic Balance Sheet (10/20): Incorporates a 1.03x equity beta, Altman Z-Score of 1.80, Piotroski F-Score of 7/9, and Debt/Equity of 8.50x.

2. Business Model, Unit Margins & SEC Financial Trajectory

Hess Midstream LP Class A Representing Limited Partner Interests (HESM) is a NYSE-listed issuer in the Energy sector, classified under Oil & Gas Production per the company profile. Per the financials section, the company reported FY 2025 revenue of $1.62B and operating income of $1.01B, which indicates a revenue base and a high operating margin of 62.2%.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Hess Midstream LP Class A Representing Limited Partner Interests (HESM) reported $1.62B in annual revenue (up from $1.50B in FY2024, +8.4% YoY) and $352.9M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($1.35B revenue, $118.6M net income) through FY2025, HESM scaled operating cash flow to $983.8M and free cash flow to $728.2M, backed by $4.39B in total assets against $3.74B in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • πŸ‚ Primary Bull Case (D+ β€’ RQD 56/100): Company leadership has skin in the game with net positive insider conviction. Free cash flow yield of 17.59% and institutional whale pillar of 7/20. With Fundamental Cash Engine at 13/20 and Institutional Whale Flow at 7/20, sustained execution supports upside toward the upper end of the $29.52 – $41.44 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Investors must weigh 11.7x trailing P/E and 6.4x EV/EBITDA against 62.2% operating margins and a 1.03x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Operating in Oil & Gas Production (Energy), HESM carries a macro regime beta of 1.03 and gross margin of β€”.

  • Key Question #1: Can HESM sustain or expand its 62.2% operating margin and 19.1% ROIC against Oil & Gas Production peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $1.62B and free cash flow of $728.2M, how will capital allocation balance growth reinvestment against $3.74B in total debt?
  • Key Question #3: How sensitive is HESM's 10.9x forward P/E multiple to Energy capital spending cycles and macro interest-rate shifts (Beta 1.03x)?

HESM Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Hess Midstream LP Class A Representing Limited Partner Interests (HESM) β€’ Click "Debate This Headline" to argue it in the Roar Pit below

πŸ’¬ Jump to HESM Debate Forum (3) ↓
πŸ”₯ THE ROAR PIT β€’ LIVE COMMUNITY DEBATE 3 Active Posts & Replies

HESM Bull vs. Bear Conversation Board β€” What's Your Call at $32.44?

πŸ‚ 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON HESM 🐻 33% BEARISH CONVICTION
1. Pick Your Side on HESM:
πŸ’‘ Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
DE DeltaGamma_99 RQD DEBATE OPENER β€’ Options Flow Specialist πŸ‚ BULLISH 🎯 Target: $41.21 (+26.0%)
πŸ“Œ Pinned Debate

The rating cites ROIC of 19.1% and an FCF yield of 17.59%, the strongest cash-generation signals in the dataset.

Long HESM at $32.71 targeting $41.21. The rating cites ROIC of 19.1% and an FCF yield of 17.59%, the strongest cash-generation signals in the dataset.. Institutional whale score is 7/20 and the risk/reward vs. the $29.52 52-week low is skewed heavily in favor of bulls.

ArenaChamp_24 πŸ‚ BULL

@RiskArb_Desk Fair point on 11.7x trailing P/E, but you're ignoring the forward operating leverage in Oil & Gas Production. If gross margin (0.0%) holds, EPS grows into the multiple faster than bears think.

RI RiskArb_Desk RQD DEBATE OPENER β€’ Hedged Event Driven 🐻 BEARISH 🎯 Target: $28.13 (-14.0%)
Spot @ $32.71

The rating cites Debt/Equity of 8.5 and reported debt rising to $3.74B against cash of $1.9M.

I respect the product at Hess Midstream LP Class A Representing Limited Partner Interests, but the stock at $32.71 is a different story. The rating cites Debt/Equity of 8.5 and reported debt rising to $3.74B against cash of $1.9M.. FCF yield is 17.59% and RQD sits at 56/100 (D+) β€” why pay up here when you can wait for next quarter's numbers?

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