CNX Resources (CNX) vs Hess Midstream (HESM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Hess Midstream (HESM) has outperformed CNX Resources (CNX) over the past year, gaining 1.7% versus a gain of 0.0%. Over five years, CNX leads with a +155.3% price change compared with +24.0% for HESM. Hess Midstream is the larger company by market cap ($7.01 billion vs $5.00 billion), about 1.4 times the size, while CNX Resources is growing revenue faster (+76.8% vs +8.4%).
On valuation, CNX Resources trades at a lower forward P/E (8.8x vs 10.9x for Hess Midstream). Hess Midstream pays a dividend yielding 9.08%, while CNX Resources does not currently pay one. CNX Resources converts more of its revenue into profit, with a net margin of 28.3% versus 21.8%.
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 | CNX | HESM |
|---|---|---|
| Share price | $33.83 | $34.00 |
| Market cap | $5.00B | $7.01B |
| 1-day change | -0.18% | +2.94% |
| YTD return | -8.00% | -1.45% |
| 1-year return | +0.03% | +1.71% |
| 5-year return | +155.32% | +23.95% |
| P/E ratio (TTM) | 5.47 | 11.72 |
| Forward P/E | 8.85 | 10.95 |
| EPS (TTM) | $6.18 | $2.90 |
| Dividend yield | 0.00% | 9.08% |
| Annual dividend | $0.00 | $3.09 |
| Revenue (latest FY) | $2.24B | $1.62B |
| Revenue growth (YoY) | +76.76% | +8.41% |
| Net income (latest FY) | $633.16M | $352.90M |
| Operating margin | — | 62.18% |
| Net margin | 28.28% | 21.77% |
| 52-week high | $43.62 | $41.44 |
| 52-week low | $30.78 | $31.63 |
| Distance from 52-week high | -22.44% | -17.95% |
| Analyst consensus | hold | underperform |
| Avg. price target upside | +11.00% | +10.29% |
| Average volume | 1.73M | 1.46M |
| Shares outstanding | 147.94M | 128.35M |
| Employees | 390 | — |
| 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 trades at a higher earnings multiple (11.7x vs 5.5x trailing P/E).
- Hess Midstream offers a meaningfully higher dividend yield (9.08% vs 0.00%).
- CNX Resources is more profitable, keeping 28.3 cents of every revenue dollar as net income versus 21.8 cents for Hess Midstream.
- CNX Resources grew revenue faster in its latest fiscal year (+76.76% vs +8.41%).
About CNX Resources
CNX stock →CNX Resources Corporation, an independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM).
Energy · Oil & Gas Production · 390 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
CNX vs HESM FAQ
Which is bigger, CNX Resources or Hess Midstream?
Hess Midstream (HESM) is larger, with a market capitalization of $7.01B compared with $5.00B for CNX Resources (CNX).
Which stock has performed better over the past year, CNX or HESM?
HESM returned +1.71% over the past 12 months, compared with +0.03% for CNX (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CNX or HESM?
CNX has the lower trailing P/E at 5.5, versus 11.7 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, CNX Resources or Hess Midstream?
Hess Midstream pays a dividend yielding 9.08%, while CNX Resources does not currently pay a regular dividend.
Are CNX Resources and Hess Midstream in the same industry?
Yes. Both are classified in the Oil & Gas Production industry within the Energy sector.