Which Is a Better Investment, Hess Midstream LP or Par Pacific Holdings, Inc. Stock?

By Jenna Brashear
December 10, 2025
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Sifting through countless of stocks in the Oil, Gas & Consumable Fuels industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Hess Midstream LP, Par Pacific Holdings or Inc. because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Hess Midstream LP, Par Pacific Holdings and Inc. compare based on key financial metrics to determine which better meets your investment needs.

About Hess Midstream LP, Par Pacific Holdings and Inc.

Hess Midstream LP owns, operates, develops, and acquires midstream assets and provide fee-based services to Hess and third-party customers in the United States. It operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and compression systems; crude oil gathering systems; and produced water gathering and disposal facilities. Its gathering systems consists of approximately 1,415 miles of high and low pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 675 million cubic feet per day; crude oil gathering system comprises approximately 590 miles of crude oil gathering pipelines; and produced water gathering system that includes approximately 330 miles of pipelines in gathering systems. The Processing and Storage segment comprises Tioga Gas Plant, a natural gas processing and fractionation plant located in Tioga, North Dakota; Mentor Storage Terminal, a propane storage cavern and rail, and truck loading and unloading facility located in Mentor, Minnesota; and Terminaling and Export segment that owns Ramberg terminal facility, the Tioga rail terminal, crude oil rail cars, and other Dakota access pipeline connections, as well as Johnson’s Corner Header System, a crude oil pipeline header system. Hess Midstream LP was formerly known as Hess Midstream Partners LP and changed its name to Hess Midstream LP in December 2019. Hess Midstream LP was founded in 2014 and is based in Houston, Texas.

Par Pacific Holdings, Inc. operates as an energy company in the United States. The company operates through three segments: Refining, Retail, and Logistics. The Refining segment owns and operates refineries that produce gasoline, distillate, asphalt, and other products primarily for consumption in Kapolei, Hawaii, Newcastle, Wyoming, Tacoma, Washington, and Billings, Montana. The Retail segment operates fuel retail outlets that sell gasoline, diesel, and retail merchandise, such as soft drinks, prepared food, and other sundries under the Hele, 76, and nomnom brands in Hawaii, Washington, and Idaho, as well as unattended cardlock stations. The Logistics segment owns and operates terminals, pipelines, single point mooring, trucking operations, marine vessels, storage facilities, loading and truck racks, and rail facilities to distribute ethanol, petroleum, and refined products throughout Hawaii, the United States West Coast, Washington, the Dakotas, and Wyoming; and a jet fuel storage facility and pipeline that serves Ellsworth Air Force Base in South Dakota. The company also holds interest in refined products pipeline. In addition, it owns and operates a single point mooring in Hawaii, a marine terminal, a unit train-capable rail loading terminal; a truck rack, and a proprietary pipeline that serves Joint Base Lewis McChord. The company was formerly known as Par Petroleum Corporation and changed its name to Par Pacific Holdings, Inc. in October 2015. Par Pacific Holdings, Inc. was incorporated in 1984 and is headquartered in Houston, Texas.

Latest Oil, Gas & Consumable Fuels and Hess Midstream LP, Par Pacific Holdings, Inc. Stock News

As of December 9, 2025, Hess Midstream LP had a $4.5 billion market capitalization, compared to the Oil, Gas & Consumable Fuels median of $1.9 million. Hess Midstream LP’s stock is NA in 2025, NA in the previous five trading days and down 7.68% in the past year.

Currently, Hess Midstream LP’s price-earnings ratio is 12.2. Hess Midstream LP’s trailing 12-month revenue is $1.6 billion with a 20.5% net profit margin. Year-over-year quarterly sales growth most recently was 11.2%. Analysts expect adjusted earnings to reach $2.708 per share for the current fiscal year. Hess Midstream LP currently has a 8.8% dividend yield.

Currently, Par Pacific Holdings, Inc.’s price-earnings ratio is 9.6. Par Pacific Holdings, Inc.’s trailing 12-month revenue is $7.5 billion with a 3.2% net profit margin. Year-over-year quarterly sales growth most recently was -6.1%. Analysts expect adjusted earnings to reach $6.333 per share for the current fiscal year. Par Pacific Holdings, Inc. does not currently pay a dividend.

How We Compare Hess Midstream LP, Par Pacific Holdings and Inc. Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Hess Midstream LP, Par Pacific Holdings and Inc.’s stock grades to see how they measure up against one another.

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Hess Midstream LP, Par Pacific Holdings and Inc. Growth Grades

Company Ticker Growth
Hess Midstream LP HESM A
Par Pacific Holdings, Inc. PARR C

The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future.

In order to compute the growth score and assign it a letter grade, the percentile ranks for each of three components‐consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a company’s Growth Score to create an equal distribution of grades.

The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered to be very weak, while those in the top 20% receive A grades, which are considered very strong.

Hess Midstream LP has a Growth Score of 91, which is Very Strong. Par Pacific Holdings, Inc. has a Growth Score of 48, which is Average.

The Growth Grade Winner: Hess Midstream LP

As you can clearly see from the Growth Grade breakdown above, Hess Midstream LP has a more attractive growth grade than Par Pacific Holdings, Inc.. For investors who focus solely on how a company is growing relative to other companies in the same industry, Hess Midstream LP could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Hess Midstream LP, Par Pacific Holdings and Inc.’s Quality Grades

Company Ticker Quality
Hess Midstream LP HESM B
Par Pacific Holdings, Inc. PARR A

Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Score is the percentile rank of the average of the percentile ranks of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and the F-Score.

The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.

The Quality Score is used to assess the underlying “quality” of a particular stock. A higher-quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.

Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.

Hess Midstream LP has a Quality Score of 79, which is Strong. Par Pacific Holdings, Inc. has a Quality Score of 81, which is Very Strong.

The Quality Grade Winner: Par Pacific Holdings, Inc.

As you can clearly see from the Quality Grade breakdown above, Par Pacific Holdings, Inc. has a better overall quality grade than Hess Midstream LP. For investors who are looking for companies with higher quality than others in the same industry, Par Pacific Holdings, Inc. could be a good stock to add to their portfolios. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Hess Midstream LP, Par Pacific Holdings and Inc.’s Momentum Grades

Company Ticker Momentum
Hess Midstream LP HESM D
Par Pacific Holdings, Inc. PARR A

Momentum grades help to uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.

Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.

Hess Midstream LP has a Momentum Score of 34, which is Weak. Par Pacific Holdings, Inc. has a Momentum Score of 93, which is Very Strong.

The Momentum Grade Winner: Par Pacific Holdings, Inc.

As you can clearly see from the Momentum Grade breakdown above, Par Pacific Holdings, Inc. is considered to have stronger momentum compared to Hess Midstream LP. For those specifically looking for companies that have stronger momentum compared to other companies in the same industry, Par Pacific Holdings, Inc. could be a good stock to invest in. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Don’t Forget Your Free Special Report on How A+ Grades Can Help You Make Investment Decisions

Other Hess Midstream LP, Par Pacific Holdings and Inc. Grades

In addition to Quality, Growth and Momentum, A+ Investor also provides grades for Value and Estimate Revisions.

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AAII’s expansive and robust screening tools like A+ Investor help investors make confident decisions.

Earnings estimate revisions scores take into account the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, surprises beget further surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Hess Midstream LP, Par Pacific Holdings and Inc. pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Hess Midstream LP, Par Pacific Holdings or Inc. Stock?

Overall, Hess Midstream LP stock has a Growth Score of 91, Momentum Score of 34 and Quality Score of 79.

Par Pacific Holdings, Inc. stock has a Growth Score of 48, Momentum Score of 93 and Quality Score of 81.

Comparing Hess Midstream LP, Par Pacific Holdings and Inc.’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

Learn More About A+ Investor

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.



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