Hess Midstream (HESM) vs Noble A (NE)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Noble A (NE) has outperformed Hess Midstream (HESM) over the past year, gaining 35.5% versus a loss of 0.9%. Over five years, NE leads with a +53.7% price change compared with +20.4% for HESM. Hess Midstream is the larger company by market cap ($7.01 billion vs $6.73 billion), about 1.0 times the size.
On valuation, Hess Midstream trades at a lower forward P/E (10.9x vs 20.9x for Noble A). Hess Midstream offers the higher dividend yield (9.08% vs 4.74%). Hess Midstream converts more of its revenue into profit, with a net margin of 21.8% versus 6.6%.
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 | NE |
|---|---|---|
| Share price | $34.00 | $42.15 |
| Market cap | $7.01B | $6.73B |
| 1-day change | +2.94% | +2.88% |
| YTD return | -4.26% | +45.08% |
| 1-year return | -0.90% | +35.53% |
| 5-year return | +20.42% | +53.73% |
| P/E ratio (TTM) | 11.72 | 44.84 |
| Forward P/E | 10.95 | 20.91 |
| EPS (TTM) | $2.90 | $0.94 |
| Dividend yield | 9.08% | 4.74% |
| Annual dividend | $3.09 | $2.00 |
| Revenue (latest FY) | $1.62B | $3.29B |
| Revenue growth (YoY) | +8.41% | +7.45% |
| Net income (latest FY) | $352.90M | $216.72M |
| Operating margin | 62.18% | 12.65% |
| Net margin | 21.77% | 6.60% |
| 52-week high | $41.44 | $54.98 |
| 52-week low | $31.63 | $26.70 |
| Distance from 52-week high | -17.95% | -23.34% |
| Analyst consensus | underperform | buy |
| Avg. price target upside | +10.29% | +15.18% |
| Average volume | 1.40M | 1.33M |
| Shares outstanding | 128.35M | 159.64M |
| Employees | — | 4,500 |
| 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
- NE has outperformed HESM by 36.4 percentage points over the past year.
- Noble A trades at a higher earnings multiple (44.8x vs 11.7x trailing P/E).
- Hess Midstream offers a meaningfully higher dividend yield (9.08% vs 4.74%).
- Hess Midstream is more profitable, keeping 21.8 cents of every revenue dollar as net income versus 6.6 cents for Noble A.
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 Noble A
NE stock →Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It provides contract drilling services through its fleet of mobile offshore drilling units.
Energy · Oil & Gas Production · 4,500 employees
HESM vs NE FAQ
Which is bigger, Hess Midstream or Noble A?
Hess Midstream (HESM) is larger, with a market capitalization of $7.01B compared with $6.73B for Noble A (NE).
Which stock has performed better over the past year, HESM or NE?
NE returned +35.53% 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 NE?
HESM has the lower trailing P/E at 11.7, versus 44.8 for NE. 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 Noble A?
Hess Midstream has the higher yield at 9.08%, compared with 4.74% for Noble A.
Are Hess Midstream and Noble A in the same industry?
Yes. Both are classified in the Oil & Gas Production industry within the Energy sector.