HESM // Hess Midstream LP Class A Representing Limited Partner Interests
DES <GO> NYSE RQD COCKPIT → CIK 0001789832 ↗Hess Midstream LP Class A Representing Limited Partner Interests (HESM) exhibits 45.0% gross margins and 19.1% return on invested capital within Energy (Oil & Gas Production), balanced against a 6.4x enterprise multiple and 4.8% implied options volatility.
Sustained 45.0% gross profitability converts into 62.2% operating margin and 19.1% ROIC, outpacing sector cost of capital.
ROIC: 19.1% // GM: 45.0%YoY revenue trajectory of +8.4% paired with 17.59% free cash flow yield supports self-funded R&D and capital return.
REV YOY: +8.4% // FCF YLD: 17.59%Altman Z-Score of 1.80 and Piotroski F-Score of 7/9 indicate low near-term refinancing stress.
ALTMAN Z: 1.80 // F-SCORE: 7/9Trading at 11.7x trailing P/E (10.9x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 11.7x // EV/EBITDA: 6.4xOptions market prices a ±5.2% implied move with a 0.85 put/call ratio around $32.44 max pain.
IMPL MOVE: ±5.2% // P/C: 0.85Elevated industry capital intensity and customer concentration in Oil & Gas Production require continuous execution to defend 21.8% net margins.
NET MARGIN: 21.8% // D/E: 8.50x| FILER | SIDE | $ VALUE |
|---|---|---|
| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
|---|---|---|
| INSPECT GEX & CHAIN IN OPT <GO> | ||
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