Is Hess Midstream LP (HESM) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 46.1% / 30% | 0.0% / 30% | 1.8% / 30% | 0.98% / 5% | ✗ NOT HALAL |
| DJIM | 46.1% / 33% | 0.0% / 33% | 1.8% / 33% | 0.98% / 5% | ✗ NOT HALAL |
| MSCI | 86.0% / 33% | 0.0% / 33% | 3.4% / 33% | 0.98% / 5% | ✗ NOT HALAL |
| S&P | 46.1% / 33% | 0.0% / 33% | 1.8% / 33% | 0.98% / 5% | ✗ NOT HALAL |
| FTSE | 86.0% / 33% | 0.0% / 33% | 3.4% / 50% | 0.98% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 77.1% | |
| Operating Margin | 62.2% | |
| Net Margin | 21.8% | |
| Return on Equity (ROE) | 151.6% | |
| Return on Assets (ROA) | 14.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $984M |
| Free Cash Flow | $728M |
| Total Debt | $3.8B |
| Debt-to-Equity | 861.4 |
| Current Ratio | 0.8 |
| Total Assets | $4.4B |
Price & Trading
| Last Close | $40.04 |
| 50-Day MA | $37.51 |
| 200-Day MA | $36.88 |
| Avg Volume | 1.5M |
| Beta | 0.6 |
|
52-Week Range
$31.63
| |
About Hess Midstream LP (HESM)
Hess Midstream LP acquires, owns, operates, and develops midstream assets and provide fee-based services to sponsor, its subsidiaries, and third-party customers in the United States. It operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and compression systems; crude oil gathering systems; and produced water gathering and disposal facilities. Its gathering system consists of approximately 1,430 miles of high- and low-pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 685 million cubic feet per day; crude oil gathering system comprises approximately 615 miles of crude oil gathering pipelines; and produces water gathering system that includes approximately 360 miles of pipelines in gathering systems. The Processing and Storage segment comprises Tioga Gas Plant, a natural gas processing and fractionation plant located in Tioga, North Dakota; Mentor Storage Terminal, a propane storage cavern and rail, and truck loading and unloading facility located in Mentor, Minnesota; and Terminaling and Export segment that owns Ramberg terminal facility, the Tioga rail terminal, crude oil rail cars, and other Dakota access pipeline connections, as well as Johnson's Corner Header System, a crude oil pipeline header system; and other DAPL connections. Hess Midstream LP was formerly known as Hess Midstream Partners LP and changed its name to Hess Midstream LP in December 2019. Hess Midstream LP was founded in 2014 and is based in Houston, Texas.
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Frequently Asked Questions
Is Hess Midstream LP (HESM) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Hess Midstream LP is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Hess Midstream LP's debt ratio?
Hess Midstream LP's debt ratio is 46.1% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 86.0%.
What are Hess Midstream LP's key financial metrics?
Hess Midstream LP has a market capitalization of $8.3B, trailing P/E ratio of 13.9, and revenue of $1.6B. The company maintains a gross margin of 77.1% and a net margin of 21.8%. Return on equity stands at 151.6%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.