COMPARE · Reviewed August 3, 2026
HESM vs PBF
Verdict: Side-by-side breakdown using the Bull Rankings model. HESM scored 64.6, PBF scored 66.2 — PBF leads.
Compare another set
Different reporting periods. PBF's fundamentals are as of June 2026, but HESM's are as of March 2026 — a 3-month gap. Growth, margin and valuation figures below therefore describe different windows and aren't strictly like-for-like.
HESM
Hess Midstream LP
64.6
$40.77 · $8.4B
fundamentals as of
Score gap
1.6
PBF leads
PBF
PBF Energy Inc.
66.2
$67.91 · $8.0B
fundamentals as of
The model, pillar by pillar (0–100 each)
HESM
stronger →← stronger
PBF
81
Qualityreturns · margins · balance sheet
68
50
Growthrevenue & earnings expansion
50
66
Valuevaluation vs sector peers
85
HESM and PBF split the three pillars evenly.
Fundamentals, head-to-head
HESM
PBF
$796mC+
FCF
$743mC+
+7.1%B
Rev
+13.5%B+
—
D/E
0.64B
14.1xB
P/E
6.0xA
1.68C+
PEG
—
Winner per row is the stronger grade in our model; a tie or a missing value shows no highlight.
Valuation · DCF cross-check
HESM
PBF
61% below
Price vs fair valuelower is cheaper
11% below
~-15%/yr
Growth the price implies10-yr FCF · lower = less priced in
~-4%/yr
+140%
1-yr DCF upside
+25%
+156%
5-yr DCF upside
+13%
+183%
10-yr DCF upside
-3%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
HESM
Why this score
- Raising its dividend
- Diluting shareholders
- Cyclical growth
- Short track record
PBF
Why this score
- Cyclical growth
The companies
HESMHess Midstream LP
Why now
Oil & Gas Midstream · market cap $8.4b. 6% off the 52-week high of $43.43. 6 sell-side analysts rate this an Underperform with a mean 1-yr target of $37.33 (implying -8% upside).
Moat
Net margin 23% sits well above the S&P median (~11%) — suggests structural pricing advantage or cost discipline competitors can't quickly close. Free cash flow runs well ahead of reported net income — non-cash charges (depreciation, intangible amortization) are holding down GAAP earnings while cash generation stays strong.
Risk
Dividend payout 103% of earnings on a 7.6% yield — distribution coverage is thin; one earnings stumble could force a dividend cut. Hedge-book exposure — many commodity producers hedge forward production; if the hedge book is concentrated at prices well below spot, the upside the market expects is already locked away.
PBFPBF Energy Inc.
Why now
Oil & Gas Refining & Marketing · market cap $8.0b. 9% off the 52-week high of $74.74. Revenue growing +14%, comfortably above the S&P median. 13 sell-side analysts rate this a Hold with a mean 1-yr target of $60.54 (implying -11% upside).
Moat
ROE 21% sits above Buffett's preferred 15% threshold — the equity base is compounding at a rate the market struggles to discount accurately.
Risk
Net margin 3.9% is thin — operating leverage cuts both ways; input-cost inflation or pricing pressure hits the bottom line first. Commodity exposure — earnings power tracks the price of the underlying commodity, not management execution. A 15-20% move in the commodity reprices the equity well before fundamentals catch up.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.