Hess Midstream (HESM) vs LandBridge LLC (LB)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
LandBridge LLC (LB) has outperformed Hess Midstream (HESM) over the past year, gaining 57.5% versus a loss of 0.9%. Hess Midstream is the larger company by market cap ($6.81 billion vs $6.71 billion), about 1.0 times the size, while LandBridge LLC is growing revenue faster (+81.1% vs +8.4%). On valuation, Hess Midstream trades at a lower forward P/E (10.6x vs 36.6x for LandBridge LLC).
Hess Midstream offers the higher dividend yield (9.35% vs 0.51%). Hess Midstream converts more of its revenue into profit, with a net margin of 21.8% versus 15.1%.
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 | HESM | LB |
|---|---|---|
| Share price | $33.03 | $85.72 |
| Market cap | $6.81B | $6.71B |
| 1-day change | -14.63% | +0.08% |
| YTD return | -4.26% | +74.97% |
| 1-year return | -0.90% | +57.54% |
| 5-year return | +20.42% | — |
| P/E ratio (TTM) | 11.39 | 75.86 |
| Forward P/E | 10.63 | 36.63 |
| EPS (TTM) | $2.90 | $1.13 |
| Dividend yield | 9.35% | 0.51% |
| Annual dividend | $3.09 | $0.44 |
| Revenue (latest FY) | $1.62B | $199.09M |
| Revenue growth (YoY) | +8.41% | +81.07% |
| Net income (latest FY) | $352.90M | $30.13M |
| Operating margin | 62.18% | 59.52% |
| Net margin | 21.77% | 15.13% |
| 52-week high | $41.44 | $91.69 |
| 52-week low | $31.63 | $43.75 |
| Distance from 52-week high | -20.29% | -6.51% |
| Analyst consensus | underperform | none |
| Avg. price target upside | +13.53% | +3.32% |
| Average volume | 1.40M | 269.53K |
| Shares outstanding | 128.35M | 29.65M |
| 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
- LB has outperformed HESM by 58.4 percentage points over the past year.
- LandBridge LLC trades at a higher earnings multiple (75.9x vs 11.4x trailing P/E).
- Hess Midstream offers a meaningfully higher dividend yield (9.35% vs 0.51%).
- Hess Midstream is more profitable, keeping 21.8 cents of every revenue dollar as net income versus 15.1 cents for LandBridge LLC.
- LandBridge LLC grew revenue faster in its latest fiscal year (+81.07% vs +8.41%).
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
About LandBridge LLC
LB stock →LandBridge Company LLC, together with its subsidiaries, owns and manages land and resources to support and enhance oil and natural gas development in the United States. It owns surface acres in and around the Delaware Basin in Texas and New Mexico.
Energy · Oil & Gas Production
HESM vs LB FAQ
Which is bigger, Hess Midstream or LandBridge LLC?
Hess Midstream (HESM) is larger, with a market capitalization of $6.81B compared with $6.71B for LandBridge LLC (LB).
Which stock has performed better over the past year, HESM or LB?
LB returned +57.54% 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, HESM or LB?
HESM has the lower trailing P/E at 11.4, versus 75.9 for LB. 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, Hess Midstream or LandBridge LLC?
Hess Midstream has the higher yield at 9.35%, compared with 0.51% for LandBridge LLC.
Are Hess Midstream and LandBridge LLC in the same industry?
Yes. Both are classified in the Oil & Gas Production industry within the Energy sector.