What are the best oil & gas midstream stocks?

Hess Midstream LP (HESM) currently leads the oil & gas midstream industry ranking on invest-like with a Buffett-Fit composite score of 69/100, followed by AM (67/100). The full ranked list of 50 oil & gas midstream stocks is on this page. Educational only, not investment advice.

Which oil & gas midstream stock has the highest ROIC?

ROIC sustainability is the closest single quantitative proxy for moat strength. The oil & gas midstream industry's median ROIC is currently 8%. The top-scoring stocks on this page combine high ROIC with the other Buffett-Fit pillars (gross-margin durability, balance-sheet quality, capital allocation discipline).

How many oil & gas midstream stocks does invest-like.com cover?

invest-like.com currently indexes 50 oil & gas midstream stocks above $500M market cap with daily-refreshed fundamentals and cached Buffett-Fit verdicts. Each stock is graded A+ to D on a composite 0-100 score across the five Buffett pillars.

Where does Oil & Gas Midstream sit in the GICS hierarchy?

Oil & Gas Midstream is an industry within the energy sector. See /sector/energy/ for the full sector view including peer industries.

Is the oil & gas midstream ranking on this page investment advice?

No. The ranking is an educational pattern-match against documented value-investing frameworks (Buffett, Graham, Fisher, Lynch, Greenblatt, Munger, Smith). Scores reflect how closely each stock fits the documented criteria - NOT recommendations to buy, hold, or sell. Always do your own research and consult a licensed financial adviser.

energy

Best Oil & Gas Midstream Stocks

Pipelines, storage, processing. Toll-road economics - fixed-fee contracts insulate cash flows from commodity volatility. Buffett's classic safe-energy play (BNSF, MidAmerican Energy).

Industry leader

Hess Midstream LP HESM

Buffett-Fit: 69/100

Read verdict

What drives this industry

Midstream operators charge per-barrel or per-mcf fees for pipeline + storage + processing services. Fee-based contracts (vs commodity-linked) are the quality screen - Enterprise Products, Kinder Morgan, Energy Transfer all aim for 90%+ fee-based revenue. ROIC + dividend coverage by FCF + payout discipline drive long-term shareholder returns.

Top 50 ranked by Buffett-Fit

Sorted by composite quality score - ROIC, margin stability, balance-sheet strength, growth quality. Click any ticker for the full Buffett verdict.

#	Company	mcap	Q
1	HESMHess Midstream LP	8.2B	69
2	AMAntero Midstream Corporation	10.7B	67
3	WESWestern Midstream Partners, LP	20.5B	66
4	FLNGFLEX LNG Ltd.	1.7B	64
5	DTMDT Midstream, Inc.	13.2B	62
6	TPZ.TOTopaz Energy Corp.	4.9B	61
7	CQPCheniere Energy Partners, L.P.	33.3B	61
8	MPLXMPLX Lp	60.5B	59
9	TKTeekay Corporation	1.2B	57
10	SUNCSunocoCorp LLC	4.1B	56
11	LPGDorian LPG Ltd.	2.4B	56
12	PBAPembina Pipeline Corporation	28.2B	54
13	ENERGYINF.BOEnergy Infrastructure Trust	48.8B	54
14	OKEONEOK, Inc.	60.1B	53
15	FROFrontline Ltd.	10.3B	53
16	KMIKinder Morgan, Inc.	69.9B	52
17	STNGScorpio Tankers Inc.	4.1B	52
18	FRO.OLFrontline plc	96.9B	51
19	SOBOSouth Bow Corporation	7.7B	50
20	ESENTIAII.MXEsentia Energy Systems	27.5B	48
21	DHTDHT Holdings, Inc.	3.4B	48
22	601975.SSNanjing Tanker Corporation	41.9B	48
23	WMBThe Williams Companies, Inc.	90.7B	48
24	ETEnergy Transfer LP	74.0B	48
25	KEY.TOKeyera Corp.	16.5B	48
26	TRGPTarga Resources Corp.	62.2B	48
27	VPK.ASKoninklijke Vopak N.V.	5.5B	47
28	GEI.TOGibson Energy Inc.	5.4B	47
29	QGTS.QAQatar Gas Transport Company Limited (Nakilat) (QPSC)	23.5B	46
30	PRM.BKPrima Marine Public Company Limited	21.3B	46
31	LNGCheniere Energy, Inc.	60.3B	46
32	INSWInternational Seaways, Inc.	5.2B	45
33	TNKTeekay Tankers Ltd.	3.2B	44
34	GLPGlobal Partners LP	1.8B	44
35	TRPTC Energy Corporation	65.2B	43
36	GLNGGolar LNG Limited	5.3B	43
37	PBTPermian Basin Royalty Trust	1.6B	42
38	605090.SSJiangxi Jovo Energy Co., Ltd	23.7B	42
39	PAGPPlains GP Holdings, L.P.	6.5B	42
40	VNOMViper Energy, Inc.	23.3B	41
41	TRMDTORM plc	3.6B	40
42	PAAPlains All American Pipeline, L.P.	18.1B	38
43	NVGSNavigator Holdings Ltd.	1.4B	37
44	ENBEnbridge Inc.	109.4B	37
45	600026.SSCOSCO SHIPPING Energy Transportation Co., Ltd.	111.2B	36
46	0934.HKSinopec Kantons Holdings Limited	9.1B	36
47	EPDEnterprise Products Partners L.P.	84.1B	35
48	1138.HKCOSCO SHIPPING Energy Transportation Co., Ltd.	95.6B	35
49	DKLDelek Logistics Partners, LP	3.2B	35
50	601872.SSChina Merchants Energy Shipping Co., Ltd.	155.0B	34