Hess Midstream (HESM) vs Par Pacific (PARR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Par Pacific (PARR) has outperformed Hess Midstream (HESM) over the past year, gaining 136.8% versus a gain of 1.7%. Over five years, PARR leads with a +442.4% price change compared with +24.0% for HESM. Hess Midstream is the larger company by market cap ($7.01 billion vs $4.39 billion), about 1.6 times the size.
On valuation, Par Pacific trades at a lower forward P/E (5.9x vs 10.9x for Hess Midstream). Hess Midstream pays a dividend yielding 9.08%, while Par Pacific does not currently pay one. Hess Midstream converts more of its revenue into profit, with a net margin of 21.8% versus 4.9%.
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 | HESM | PARR |
|---|---|---|
| Share price | $34.00 | $87.65 |
| Market cap | $7.01B | $4.39B |
| 1-day change | +2.94% | +1.78% |
| YTD return | -1.45% | +149.43% |
| 1-year return | +1.71% | +136.76% |
| 5-year return | +23.95% | +442.39% |
| P/E ratio (TTM) | 11.72 | 5.12 |
| Forward P/E | 10.95 | 5.91 |
| EPS (TTM) | $2.90 | $17.13 |
| Dividend yield | 9.08% | 0.00% |
| Annual dividend | $3.09 | $0.00 |
| Revenue (latest FY) | $1.62B | $7.46B |
| Revenue growth (YoY) | +8.41% | -6.39% |
| Net income (latest FY) | $352.90M | $369.39M |
| Gross margin | — | 18.15% |
| Operating margin | 62.18% | 7.22% |
| Net margin | 21.77% | 4.95% |
| 52-week high | $41.44 | $89.45 |
| 52-week low | $31.63 | $33.21 |
| Distance from 52-week high | -17.95% | -2.01% |
| Analyst consensus | underperform | buy |
| Avg. price target upside | +10.29% | -2.04% |
| Average volume | 1.46M | 973.57K |
| Shares outstanding | 128.35M | 50.10M |
| Employees | — | 1,758 |
| 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
- PARR has outperformed HESM by 135.1 percentage points over the past year.
- Hess Midstream trades at a higher earnings multiple (11.7x vs 5.1x trailing P/E).
- Hess Midstream offers a meaningfully higher dividend yield (9.08% vs 0.00%).
- Hess Midstream is more profitable, keeping 21.8 cents of every revenue dollar as net income versus 4.9 cents for Par Pacific.
- Hess Midstream grew revenue faster in its latest fiscal year (+8.41% vs -6.39%).
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 Par Pacific
PARR stock →Par Pacific Holdings, Inc., an energy company, provides renewable and conventional fuels in the United States. The company operates through three segments: Refining, Retail, and Logistics.
Energy · Oil & Gas Production · 1,758 employees
HESM vs PARR FAQ
Which is bigger, Hess Midstream or Par Pacific?
Hess Midstream (HESM) is larger, with a market capitalization of $7.01B compared with $4.39B for Par Pacific (PARR).
Which stock has performed better over the past year, HESM or PARR?
PARR returned +136.76% over the past 12 months, compared with +1.71% for HESM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, HESM or PARR?
PARR has the lower trailing P/E at 5.1, 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, Hess Midstream or Par Pacific?
Hess Midstream pays a dividend yielding 9.08%, while Par Pacific does not currently pay a regular dividend.
Are Hess Midstream and Par Pacific in the same industry?
Yes. Both are classified in the Oil & Gas Production industry within the Energy sector.