12 Best MLP Dividend Stocks to Buy According to Analysts

8. Hess Midstream LP (NYSE:HESM)

Dividend Yield: 7.18%

Analyst Rating: Buy

Hess Midstream LP (NYSE:HESM) earns a spot among our list of 12 best MLP dividend stocks to buy according to analysts.

Hess Midstream LP (NYSE:HESM) is a midstream energy company focused on fee-based gathering, processing, storage, and terminal services. With headquarters in Texas, the company has operations running across the Bakken and Three Forks shale plays. Managing extensive natural gas, crude oil, and produced water infrastructure, the company serves Hess Corporation and third-party customers.

On May 28, 2025, the company announced the pricing of a secondary public offering. It involves offering 15,022,517 Class A shares at $37.25 per share. Under the management of J.P. Morgan and Citigroup, the company anticipates a return of $559.59 million for the selling shareholder. Hess Midstream LP (NYSE:HESM) will not receive any proceeds.

Later, owing to the closure of a registered underwritten public offering on May 30, 2025, the company announces the exit of Global Infrastructure Partners, a part of BlackRock, from its position in Hess Midstream. The consolidated ownership of the company now rests at 62.2% with the public and 37.8% with Hess Corporation.

Hence, as of now, the company’s dividend policy and payouts remain strongly driven by its own operations. With a solid Buy rating from analysts and a dividend yield of 7.18%, the company’s shares are available for interested investors.