COMPARE · Data as of August 27, 2026
HESM vs OKE
Verdict: Side-by-side breakdown using the Bull Rankings model. HESM scored 61.1, OKE scored 49.2 — HESM leads.
Compare another set
HESM
Hess Midstream LP
61.1
$39.08 · $8.1B
fundamentals as of
Score gap
11.9
HESM leads
OKE
ONEOK, Inc.
49.2
$94.72 · $59.7B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
- CheapestHESM13.5x
- Fastest growthOKE+40.8%
- Strongest balance sheetOKE1.43
- Highest qualityHESM80 / 100
- Largest discount to fair valueHESM-62%
Side by side · every name on one set of axes
Growth against the P/E multiple. Up and to the right is cheaper and faster — the quality-growth idea in one picture. Points beyond the axis are pinned to the edge and marked off-scale rather than allowed to compress everything else.
The model, pillar by pillar (0–100 each)
HESM
stronger →← stronger
OKE
80
Qualityreturns · margins · balance sheet
66
48
Growthrevenue & earnings expansion
50
59
Valuevaluation vs sector peers
36
HESM is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
HESM
OKE
$838mC+
FCF
$2.8bB
+2.8%C
Rev
+40.8%A
9.48D
D/E
1.43C
13.5xB
P/E
16.4xB
2.74C
PEG
1.97C+
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
Valuation · DCF cross-check
HESM
OKE
62% below
Price vs fair valuelower is cheaper
5% above
~-17%/yr
Growth the price implies10-yr FCF · lower = less priced in
~6%/yr
+156%
1-yr DCF upside
-8%
+163%
5-yr DCF upside
-4%
+174%
10-yr DCF upside
+1%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
HESM
Why this score
- Buying back stock
- Raising its dividend
OKE
Why this score
- Cyclical growth
The companies
HESMHess Midstream LP
Why now
Oil & Gas Midstream · market cap $8.1b. 6% off the 52-week high of $41.75. 6 sell-side analysts rate this an Underperform with a mean 1-yr target of $37.50 (implying -4% 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
D/E 9.48 is elevated — limits strategic flexibility and raises refinancing exposure if rates stay higher for longer. Dividend payout 105% of earnings on a 7.9% 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.
OKEONEOK, Inc.
Why now
Oil & Gas Midstream · market cap $59.7b. 3% off the 52-week high of $97.90. Revenue growing +41% — in hypergrowth territory. 21 sell-side analysts rate this a Buy with a mean 1-yr target of $96.62 (implying +2% upside).
Moat
ROE 16% sits above Buffett's preferred 15% threshold — the equity base is compounding at a rate the market struggles to discount accurately. $59.7b market cap gives the company enough scale to absorb fixed costs that subscale competitors can't, without yet being so large that growth has to come from acquisition.
Risk
Dividend payout 73% of earnings on a 4.5% yield — distribution coverage is thin; one earnings stumble could force a dividend cut. Jurisdictional + permitting risk — mining and extraction operations concentrate exposure to political stability, royalty regimes, and environmental review timelines that can stall production for years.
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.
Where HESM and OKE diverge
On the headline score the gap is 11.9 points in favor of HESM. The widest single difference is Value, where HESM leads by 23.1 points.
- ValueHESM 59.1 · OKE 36.0HESM +23.1
- QualityHESM 80.2 · OKE 66.3HESM +13.9
- GrowthHESM 48.0 · OKE 50.0level
Pillars run 0–100 against sector peers, so a score is a statement about a company relative to its own industry rather than to the other name here. A wide Value gap usually means the market already prices the difference in quality or growth — which is the trade-off this comparison comes down to.