WES vs. HESM
Compare and contrast key facts about Western Midstream Partners, LP (WES) and Hess Midstream LP (HESM).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WES or HESM.
Correlation
The correlation between WES and HESM is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
WES vs. HESM - Performance Comparison
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Key characteristics
WES:
0.52
HESM:
0.75
WES:
0.98
HESM:
1.10
WES:
1.12
HESM:
1.15
WES:
1.01
HESM:
0.96
WES:
2.62
HESM:
3.04
WES:
6.39%
HESM:
6.22%
WES:
27.28%
HESM:
25.24%
WES:
-93.66%
HESM:
-75.16%
WES:
-3.43%
HESM:
-9.73%
Fundamentals
WES:
$15.20B
HESM:
$8.37B
WES:
$3.34
HESM:
$2.55
WES:
11.93
HESM:
15.22
WES:
5.48
HESM:
1.57
WES:
4.18
HESM:
5.50
WES:
4.76
HESM:
7.54
WES:
$3.63B
HESM:
$1.52B
WES:
$2.52B
HESM:
$1.14B
WES:
$2.11B
HESM:
$1.15B
Returns By Period
In the year-to-date period, WES achieves a 7.78% return, which is significantly lower than HESM's 8.79% return.
WES
7.78%
5.21%
9.63%
14.12%
53.04%
2.97%
HESM
8.79%
7.29%
14.44%
18.86%
27.38%
N/A
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Risk-Adjusted Performance
WES vs. HESM — Risk-Adjusted Performance Rank
WES
HESM
WES vs. HESM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Midstream Partners, LP (WES) and Hess Midstream LP (HESM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
WES vs. HESM - Dividend Comparison
WES's dividend yield for the trailing twelve months is around 8.94%, more than HESM's 7.11% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WES Western Midstream Partners, LP | 8.94% | 8.33% | 8.52% | 6.80% | 5.69% | 11.25% | 12.45% | 8.28% | 5.44% | 4.04% | 3.86% | 1.73% |
HESM Hess Midstream LP | 7.11% | 7.12% | 7.50% | 7.30% | 6.93% | 8.86% | 6.89% | 8.00% | 2.93% | 0.00% | 0.00% | 0.00% |
Drawdowns
WES vs. HESM - Drawdown Comparison
The maximum WES drawdown since its inception was -93.66%, which is greater than HESM's maximum drawdown of -75.16%. Use the drawdown chart below to compare losses from any high point for WES and HESM. For additional features, visit the drawdowns tool.
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Volatility
WES vs. HESM - Volatility Comparison
Western Midstream Partners, LP (WES) has a higher volatility of 9.08% compared to Hess Midstream LP (HESM) at 8.16%. This indicates that WES's price experiences larger fluctuations and is considered to be riskier than HESM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
WES vs. HESM - Financials Comparison
This section allows you to compare key financial metrics between Western Midstream Partners, LP and Hess Midstream LP. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
WES vs. HESM - Profitability Comparison
WES - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Western Midstream Partners, LP reported a gross profit of 705.16M and revenue of 917.12M. Therefore, the gross margin over that period was 76.9%.
HESM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Hess Midstream LP reported a gross profit of 329.50M and revenue of 381.00M. Therefore, the gross margin over that period was 86.5%.
WES - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Western Midstream Partners, LP reported an operating income of 409.80M and revenue of 917.12M, resulting in an operating margin of 44.7%.
HESM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Hess Midstream LP reported an operating income of 237.40M and revenue of 381.00M, resulting in an operating margin of 62.3%.
WES - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Western Midstream Partners, LP reported a net income of 309.01M and revenue of 917.12M, resulting in a net margin of 33.7%.
HESM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Hess Midstream LP reported a net income of 71.60M and revenue of 381.00M, resulting in a net margin of 18.8%.