HESM · CIK 0001789832 · FY2025 live · 2025-12-31
Hess Midstream LP
View as
Model
Z″
FY2025
1.62
Zone
Grey
Prior
—
Market DD
—
1y PD
—
1.62
Classic Z 1.19
Z″ 1.62 · distress below 1.10, grey to 2.60, safe above.
Z″ factor contributions
X1 Working capital / assets
Short-term liquidity. Carries more weight in Z″ than in classic Z.
−0.016.56 × = −0.04X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
0.003.26 × = 0.00X3 EBIT / assets
Operating return on assets. Highest weight in Z″.
0.236.72 × = 1.54X4 Book equity / liabilities
Book equity versus the liability stack. Sales / assets is omitted so asset-light names keep turnover from dragging the score.
0.111.05 × = 0.12
Five-year path
Need two annual 10-Ks to draw a path. The desk will pull this issuer’s filings.
Meridian Rank
51.09
0–100 · Z″ family
Book standing
56
Year change
—
Market PD
—
O-score
38
Events on this name
Same published rows as Today.
No published events on this print.
Overview
rule-v1
Hess Midstream LP is on Z″ at 1.62 (grey) for FY2025, from an SEC 10-K. EBIT / assets is the line that sets the print. This is the first live year on the desk. No market tape loaded. Z″ omits sales/assets so asset-light names keep turnover from dragging the score. X4 is book equity on every name.
Book screen Grey; market PD —. Market PD has not been priced on this name.
Market DD · naive Merton
No market tape yet.
Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.
Sector peers
Closest Z″ scores · 50th percentile in Energy.
- OVVGreyOvintiv Inc.1.63
- OXYGreyOCCIDENTAL PETROLEUM CORP /DE/1.59
- INRGreyINFINITY NATURAL RESOURCES, INC.1.59
- WDSGreyWOODSIDE ENERGY GROUP LTD1.57
- WTTRGreySelect Water Solutions, Inc.1.54
- NESRGreyNational Energy Services Reunited Corp.1.71
- CRKGreyCOMSTOCK RESOURCES INC1.48
- GRNTGreyGranite Ridge Resources, Inc.1.48
Filing line items
Current assets
$159M
Total assets
$4.4B
Current liabilities
$188M
Total liabilities
$4.0B
Working capital
−$29M
Retained earnings
$0
EBIT
$1.0B
Total sales
$1.6B
Book equity
$438M
Accession 0001193125-26-071592. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Z″ is the live score. View as is a display overlay. X4 is book equity. Pulled 13 Sept 2026.