Hess Midstream LP (NYSE:HESM) stands out among midstream energy companies for its predictable revenue generation strategically built on contractual commitments, potential for future growth, high dividend yield, and a possible acquisition on the horizon. HESM stock has risen over 41% in the past year but still trades at a reasonable valuation, making it a solid option for consideration by value-oriented income investors.
Major Midstream Player
The oil and gas industry utilizes over 2.6 million miles of pipelines to transport oil, natural gas, and liquid gas from upstream production to downstream refining. Midstream companies specialize in gathering, processing, storing, and transporting petroleum products through those pipes.
Hess Midstream is a prominent name in the midstream energy sector. It provides fee-based services to Hess (NYSE:HES), the company from which it was spun off in 2015, and third-party…
