Hess Midstream (HESM) vs Viper Energy (VNOM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Viper Energy (VNOM) has outperformed Hess Midstream (HESM) over the past year, gaining 11.3% versus a loss of 0.9%. Over five years, VNOM leads with a +77.6% price change compared with +20.4% for HESM. Viper Energy is the larger company by market cap ($15.31 billion vs $7.01 billion), about 2.2 times the size.
On valuation, Hess Midstream trades at a lower forward P/E (10.9x vs 16.9x for Viper Energy). Hess Midstream offers the higher dividend yield (9.08% vs 5.75%). 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 | VNOM |
|---|---|---|
| Share price | $34.00 | $42.63 |
| Market cap | $7.01B | $15.31B |
| 1-day change | +2.94% | +3.80% |
| YTD return | -4.26% | +10.35% |
| 1-year return | -0.90% | +11.28% |
| 5-year return | +20.42% | +77.63% |
| P/E ratio (TTM) | 11.72 | — |
| Forward P/E | 10.95 | 16.92 |
| EPS (TTM) | $2.90 | $0.02 |
| Dividend yield | 9.08% | 5.75% |
| Annual dividend | $3.09 | $2.45 |
| Revenue (latest FY) | $1.62B | $1.40B |
| Revenue growth (YoY) | +8.41% | +62.02% |
| Net income (latest FY) | $352.90M | $-68.00M |
| Operating margin | 62.18% | -10.04% |
| Net margin | 21.77% | -4.87% |
| 52-week high | $41.44 | $51.13 |
| 52-week low | $31.63 | $35.10 |
| Distance from 52-week high | -17.95% | -16.62% |
| Analyst consensus | underperform | strong_buy |
| Avg. price target upside | +10.29% | +28.90% |
| Average volume | 1.46M | 1.71M |
| Shares outstanding | 128.35M | 194.41M |
| Sector | Energy | Energy |
| Industry | Oil & Gas Midstream | 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
- Viper Energy is about 2.2 times larger than Hess Midstream by market value ($15.31B vs $7.01B).
- VNOM has outperformed HESM by 12.2 percentage points over the past year.
- Hess Midstream offers a meaningfully higher dividend yield (9.08% vs 5.75%).
- Hess Midstream is more profitable, keeping 21.8 cents of every revenue dollar as net income versus -4.9 cents for Viper Energy.
- Viper Energy grew revenue faster in its latest fiscal year (+62.02% 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 Midstream
About Viper Energy
VNOM stock →Viper Energy, Inc. owns, acquires, and exploits oil and natural gas properties in North America.
Energy · Oil & Gas Production
HESM vs VNOM FAQ
Which is bigger, Hess Midstream or Viper Energy?
Viper Energy (VNOM) is larger, with a market capitalization of $15.31B compared with $7.01B for Hess Midstream (HESM).
Which stock has performed better over the past year, HESM or VNOM?
VNOM returned +11.28% over the past 12 months, compared with -0.90% for HESM (price return, excluding dividends). Past performance does not predict future results.
Which pays a higher dividend, Hess Midstream or Viper Energy?
Hess Midstream has the higher yield at 9.08%, compared with 5.75% for Viper Energy.
Are Hess Midstream and Viper Energy in the same industry?
Both are in the Energy sector, but in different industries: Oil & Gas Midstream for Hess Midstream and Oil & Gas Production for Viper Energy.