California Resources (CRC) 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
Hess Midstream (HESM) has outperformed California Resources (CRC) over the past year, losing 0.9% versus a loss of 2.9%. Over five years, CRC leads with a +22.5% price change compared with +20.4% for HESM. Hess Midstream is the larger company by market cap ($7.01 billion vs $4.71 billion), about 1.5 times the size, while California Resources is growing revenue faster (+14.7% vs +8.4%).
On valuation, Hess Midstream trades at a lower forward P/E (10.9x vs 12.8x for California Resources). Hess Midstream offers the higher dividend yield (9.08% vs 3.02%). Hess Midstream converts more of its revenue into profit, with a net margin of 21.8% versus 9.9%.
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 | CRC | HESM |
|---|---|---|
| Share price | $53.02 | $34.01 |
| Market cap | $4.71B | $7.01B |
| 1-day change | +1.84% | +2.97% |
| YTD return | +16.44% | -4.26% |
| 1-year return | -2.89% | -0.90% |
| 5-year return | +22.52% | +20.42% |
| P/E ratio (TTM) | — | 11.73 |
| Forward P/E | 12.80 | 10.95 |
| EPS (TTM) | $-1.29 | $2.90 |
| Dividend yield | 3.02% | 9.08% |
| Annual dividend | $1.60 | $3.09 |
| Revenue (latest FY) | $3.67B | $1.62B |
| Revenue growth (YoY) | +14.73% | +8.41% |
| Net income (latest FY) | $363.00M | $352.90M |
| Operating margin | 16.30% | 62.18% |
| Net margin | 9.89% | 21.77% |
| 52-week high | $71.98 | $41.44 |
| 52-week low | $43.25 | $31.63 |
| Distance from 52-week high | -26.34% | -17.93% |
| Analyst consensus | strong_buy | underperform |
| Avg. price target upside | +43.96% | +10.26% |
| Average volume | 831.41K | 1.40M |
| Shares outstanding | 88.82M | 128.35M |
| Employees | 2,500 | — |
| 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 (9.08% vs 3.02%).
- Hess Midstream is more profitable, keeping 21.8 cents of every revenue dollar as net income versus 9.9 cents for California Resources.
- California Resources grew revenue faster in its latest fiscal year (+14.73% vs +8.41%).
About California Resources
CRC stock →California Resources Corporation operates as an independent energy and carbon management company in the United States. The company operates in two segments, Oil and Natural Gas, and Carbon Management.
Energy · Oil & Gas Production · 2,500 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
CRC vs HESM FAQ
Which is bigger, California Resources or Hess Midstream?
Hess Midstream (HESM) is larger, with a market capitalization of $7.01B compared with $4.71B for California Resources (CRC).
Which stock has performed better over the past year, CRC or HESM?
HESM returned -0.90% over the past 12 months, compared with -2.89% for CRC (price return, excluding dividends). Past performance does not predict future results.
Which pays a higher dividend, California Resources or Hess Midstream?
Hess Midstream has the higher yield at 9.08%, compared with 3.02% for California Resources.
Are California Resources and Hess Midstream in the same industry?
Yes. Both are classified in the Oil & Gas Production industry within the Energy sector.