Antero Resources (AR) vs Hess Midstream (HESM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Antero Resources (AR) has outperformed Hess Midstream (HESM) over the past year, gaining 4.9% versus a loss of 0.9%. Over five years, AR leads with a +81.6% price change compared with +20.4% for HESM. Antero Resources is the larger company by market cap ($10.94 billion vs $6.81 billion), about 1.6 times the size.
On valuation, Antero Resources trades at a lower forward P/E (8.1x vs 10.6x for Hess Midstream). Hess Midstream pays a dividend yielding 9.35%, while Antero Resources does not currently pay one. Hess Midstream converts more of its revenue into profit, with a net margin of 21.8% versus 12.8%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AR | HESM |
|---|---|---|
| Share price | $35.57 | $33.03 |
| Market cap | $10.94B | $6.81B |
| 1-day change | -0.42% | -14.63% |
| YTD return | +3.22% | -4.26% |
| 1-year return | +4.93% | -0.90% |
| 5-year return | +81.57% | +20.42% |
| P/E ratio (TTM) | 10.22 | 11.39 |
| Forward P/E | 8.11 | 10.63 |
| EPS (TTM) | $3.48 | $2.90 |
| Dividend yield | 0.00% | 9.35% |
| Annual dividend | $0.00 | $3.09 |
| Revenue (latest FY) | $5.28B | $1.62B |
| Revenue growth (YoY) | +21.97% | +8.41% |
| Net income (latest FY) | $674.57M | $352.90M |
| Operating margin | 16.75% | 62.18% |
| Net margin | 12.79% | 21.77% |
| 52-week high | $45.75 | $41.44 |
| 52-week low | $29.10 | $31.63 |
| Distance from 52-week high | -22.25% | -20.29% |
| Analyst consensus | buy | underperform |
| Avg. price target upside | +38.97% | +13.53% |
| Average volume | 4.16M | 1.23M |
| Shares outstanding | 307.44M | 128.35M |
| Employees | 632 | — |
| Sector | Energy | Energy |
| Industry | Oil & Gas Production | Oil & Gas Production |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Hess Midstream offers a meaningfully higher dividend yield (9.35% vs 0.00%).
- Hess Midstream is more profitable, keeping 21.8 cents of every revenue dollar as net income versus 12.8 cents for Antero Resources.
- Antero Resources grew revenue faster in its latest fiscal year (+21.97% vs +8.41%).
About Antero Resources
AR stock →Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Production; Marketing; and Equity Method Investment in Antero Midstream.
Energy · Oil & Gas Production · 632 employees
About Hess Midstream
HESM stock →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.
Energy · Oil & Gas Production
AR vs HESM FAQ
Which is bigger, Antero Resources or Hess Midstream?
Antero Resources (AR) is larger, with a market capitalization of $10.94B compared with $6.81B for Hess Midstream (HESM).
Which stock has performed better over the past year, AR or HESM?
AR returned +4.93% over the past 12 months, compared with -0.90% for HESM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AR or HESM?
AR has the lower trailing P/E at 10.2, versus 11.4 for HESM. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Antero Resources or Hess Midstream?
Hess Midstream pays a dividend yielding 9.35%, while Antero Resources does not currently pay a regular dividend.
Are Antero Resources and Hess Midstream in the same industry?
Yes. Both are classified in the Oil & Gas Production industry within the Energy sector.