HESM · Dividend Triangle
5-year compound growth across Revenue, , and Dividend — the three legs that decide whether a payout is sustainable.
note: MLPs measure distribution coverage against (Distributable Cash Flow), not GAAP . Heavy non-cash depreciation on pipelines drags reported earnings, so the EPS leg here often looks worse than the actual cash coverage. Check the MLP Cash Lens in the Stock Modal for the cash-flow-based view.
Dividend Triangle Score
92/100
Strong dividend triangle
- Reported payout ratio is 103% — but MLPs measure their distribution against Distributable Cash Flow (DCF), not . Heavy non-cash depreciation on pipelines makes EPS-based payout look stretched even when the cash distribution is well-covered.
- of 20.4% — management is deploying capital efficiently, a long-term tailwind for dividend reliability.
- Free Cash Flow margin of 48.9% — substantial cash generation relative to revenue, the backbone of reliable payouts.
Revenue
+14.1%
n=8yr CAGR
EPS
+12.5%
n=3yr CAGR
Dividend
+12.3%
n=4yr CAGR
Source: Massive.com · Cached 24h · Dividend Triangle is for educational use, not investment advice.
The Dividend Triangle is an educational visualization. It is not investment advice and does not replace your own research or a conversation with a licensed financial advisor.