Hess Midstream LP(HESM)Earnings, Financials & Key Ratios

HESM•NYSE

$39.18

$8.16B mkt cap·13.7× P/E·Price updated May 6, 2026

SectorEnergy IndustryMidstream Oil & Gas Sub-IndustryGas Gathering, Processing and NGLs

AboutHess Midstream LP owns, develops, operates, and acquires midstream assets. The company operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and compression; crude oil gathering systems; and produced water gathering and disposal facilities. Its gathering systems consists of approximately 1,350 miles of high and low pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 450 million cubic feet per day; and crude oil gathering system comprises approximately 550 miles of crude oil gathering pipelines. The Processing and Storage segment comprises Tioga Gas Plant, a natural gas processing and fractionation plant located in Tioga, North Dakota; a 50% interest in the Little Missouri 4 gas processing plant located in south of the Missouri River in McKenzie County, North Dakota; and Mentor Storage Terminal, a propane storage cavern and rail, and truck loading and unloading facility located in Mentor, Minnesota. The Terminaling and Export segment owns Ramberg terminal facility; Tioga rail terminal; and crude oil rail cars, as well as Johnson's Corner Header System, a crude oil pipeline header system. Hess Midstream LP was founded in 2014 and is based in Houston, Texas.Show more

Revenue$1.62B+8.7%
EBITDA$1.22B+8.9%
Net Income$353M+58.2%
EPS (Diluted)2.86+14.9%
Gross Margin63.94%-26.0%
EBITDA Margin75.38%+0.2%
Operating Margin62.18%+0.9%
Net Margin21.77%+45.6%
ROE78.14%+45.1%
ROIC18.57%+1.1%
Debt/Equity8.61+15.4%
Interest Coverage4.54-1.6%

Technical→

HESM Key Insights

Hess Midstream LP (HESM) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Excellent 3Y average ROE of 52.9%
✓Strong 5Y profit CAGR of 71.2%
✓FCF machine: 44.9% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Healthy 5Y average net margin of 11.2%

✗Weaknesses

✗High debt to equity ratio of 8.6x
✗Shares diluted 38.3% in last year
✗Expensive at 11.0x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

HESM Price & Volume

Hess Midstream LP (HESM) stock price & volume — 10-year historical chart

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HESM Growth Metrics

Hess Midstream LP (HESM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years11.12%

5 Years8.23%

3 Years8.39%

TTM8.56%

Profit CAGR

10 Years6.2%

5 Years71.19%

3 Years61.42%

TTM58.18%

EPS CAGR

10 Years-2.11%

5 Years16.9%

3 Years12.48%

TTM14.86%

Return on Capital

10 Years18.49%

5 Years23.64%

3 Years24.19%

Last Year24.79%

HESM Recent Earnings

Hess Midstream LP (HESM) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 7/12 qtrs (58%)●Beat Revenue 7/12 qtrs (58%)

Q2 2026Latest

May 4, 2026

EPS

$0.68

Est $0.65

+4.6%

Revenue

$390M

Est $390M

+0.2%

Q1 2026

Feb 2, 2026

EPS

$0.72

Est $0.72

-0.4%

Revenue

$404M

Est $419M

-3.6%

Q4 2025

Nov 3, 2025

EPS

$0.75

Est $0.73

+2.6%

Revenue

$421M

Est $418M

+0.7%

Q3 2025

Jul 30, 2025

EPS

$0.74

Est $0.56

+32.1%

Revenue

$414M

Est $429M

-3.7%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 4, 2026	$0.68vs $0.65+4.6%	$390Mvs $390M+0.2%
Q1 2026	Feb 2, 2026	$0.72vs $0.72-0.4%	$404Mvs $419M-3.6%
Q4 2025	Nov 3, 2025	$0.75vs $0.73+2.6%	$421Mvs $418M+0.7%
Q3 2025	Jul 30, 2025	$0.74vs $0.56+32.1%	$414Mvs $429M-3.7%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
TRGPTarga Resources Corp.Direct Competitor	55.8B	259.72	30.48	3.06%	9.44%	58.24%	7.02%	5.45
DKLDelek Logistics Partners, LPDirect Competitor	2.8B	52.58	15.93	7.73%	16%	19.17%		5.75
WESWestern Midstream Partners, LPProduct Competitor	17.45B	42.77	14.07	6.61%	30.73%	27.43%	8.39%	0.10
AMAntero Midstream CorporationProduct Competitor	10.35B	21.78	25.33	6.99%	31.94%	20.38%	7.45%	1.63
MPLXMPLX LpProduct Competitor	56.51B	55.66	11.55	8.37%	37.54%	32.81%	7.26%	1.80
CVXChevron CorporationSupply Chain	384.42B	192.66	29.06	-4.64%	6.67%	7.18%	4.32%	0.24
EOGEOG Resources, Inc.Supply Chain	75.44B	140.82	15.46	-3.47%	23.41%	18.28%	5.21%	0.28
NCSMNCS Multistage Holdings, Inc.Supply Chain	109.17M	41.60	4.81	13.64%	10.76%	14.37%	19.21%	0.09

Compare HESM vs Peers

Hess Midstream LP (HESM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TRGP

Most directly comparable listed peer for HESM.

Scale Benchmark

vs CVX

Larger-name benchmark to compare HESM against a more recognizable public peer.

Peer Set

Compare Top 5

vs TRGP, DKL, WES, AM

HESM Income Statement

Hess Midstream LP (HESM) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Sales/Revenue	579.5M	712M	847.6M	1.09B	1.2B	1.27B	1.35B	1.49B	1.62B
Revenue Growth %	13.67%	22.86%	19.04%	28.79%	10.28%	5.77%	5.73%	10.83%	8.67%
Cost of Goods Sold	116.5M	126.9M	142.5M	156.9M	165.6M	181.3M	192.5M	203.1M	584.7M
COGS % of Revenue	20.1%	17.82%	16.81%	14.37%	13.76%	14.24%	14.3%	13.61%	36.06%
Gross Profit	463M▲ 0%	585.1M▲ 26.4%	705.1M▲ 20.5%	934.7M▲ 32.6%	1.04B▲ 11.1%	1.09B▲ 5.2%	1.15B▲ 5.7%	1.29B▲ 11.7%	1.04B▼ 19.6%
Gross Margin %	79.9%	82.18%	83.19%	85.63%	86.24%	85.76%	85.7%	86.39%	63.94%
Gross Profit Growth %	12.9%	26.37%	20.51%	32.56%	11.07%	5.17%	5.65%	11.72%	-19.57%
Operating Expenses	199.9M	206.9M	328.5M	358.2M	311M	300.7M	336.7M	369.8M	28.5M
OpEx % of Revenue	34.5%	29.06%	38.76%	32.81%	25.83%	23.62%	25.01%	24.79%	1.76%
Selling, General & Admin	13.9M	14.1M	52.4M	21.1M	22.7M	23.1M	26.2M	26.1M	28.5M
SG&A % of Revenue	2.4%	1.98%	6.18%	1.93%	1.89%	1.81%	1.95%	1.75%	1.76%
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	186M	192.8M	276.1M	337.1M	288.3M	277.6M	310.5M	343.7M	0
Operating Income	263.1M▲ 0%	378.2M▲ 43.7%	376.6M▼ 0.4%	576.5M▲ 53.1%	727.2M▲ 26.1%	791.2M▲ 8.8%	816.9M▲ 3.2%	919M▲ 12.5%	1.01B▲ 9.7%
Operating Margin %	45.4%	53.12%	44.43%	52.81%	60.41%	62.14%	60.69%	61.6%	62.18%
Operating Income Growth %	27.53%	43.75%	-0.42%	53.08%	26.14%	8.8%	3.25%	12.5%	9.7%
EBITDA	379.6M	505.1M	519.1M	733.4M	892.8M	972.5M	1.01B	1.12B	1.22B
EBITDA Margin %	65.5%	70.94%	61.24%	67.19%	74.17%	76.38%	74.99%	75.21%	75.38%
EBITDA Growth %	24.05%	33.06%	2.77%	41.28%	21.73%	8.93%	3.79%	11.16%	8.92%
D&A (Non-Cash Add-back)	116.5M	126.9M	142.5M	156.9M	165.6M	181.3M	192.5M	203.1M	214.1M
EBIT	267.8M	378.8M	380M	586.7M	737.8M	796.5M	824.6M	933M	1.02B
Net Interest Income	-25.8M	-53.3M	-62.4M	-94.7M	-105.4M	-149.3M	-179M	-202.2M	-225.6M
Interest Income	0	0	0	0	0	0	0	0	0
Interest Expense	25.8M	53.3M	62.4M	94.7M	105.4M	149.3M	179M	202.2M	225.6M
Other Income/Expense	-21.1M	-52.7M	-59M	-84.5M	-94.8M	-144M	-171.3M	-188.2M	-209.7M
Pretax Income	242M▲ 0%	325.5M▲ 34.5%	317.6M▼ 2.4%	492M▲ 54.9%	632.4M▲ 28.5%	647.2M▲ 2.3%	645.6M▼ 0.2%	730.8M▲ 13.2%	798.4M▲ 9.3%
Pretax Margin %	41.76%	45.72%	37.47%	45.07%	52.53%	50.83%	47.96%	48.98%	49.24%
Income Tax	0	0	-100K	7.1M	14.6M	26.6M	37.9M	71.8M	113.8M
Effective Tax Rate %	0%	0%	-0.03%	1.44%	2.31%	4.11%	5.87%	9.82%	14.25%
Net Income	41.2M▲ 0%	69.1M▲ 67.7%	70.1M▲ 1.4%	24M▼ 65.8%	46.4M▲ 93.3%	83.9M▲ 80.8%	118.6M▲ 41.4%	223.1M▲ 88.1%	352.9M▲ 58.2%
Net Margin %	7.11%	9.71%	8.27%	2.2%	3.85%	6.59%	8.81%	14.95%	21.77%
Net Income Growth %	-79.89%	67.72%	1.45%	-65.76%	93.33%	80.82%	41.36%	88.11%	58.18%
Net Income (Continuing)	242M	325.5M	317.7M	484.9M	617.8M	620.6M	607.7M	659M	684.6M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	2.03B	1.36B	1.2B	1.2B	549M	283.9M	23M	-65.4M	-130.4M
EPS (Diluted)	0.75▲ 0%	1.27▲ 69.3%	1.22▼ 3.9%	1.31▲ 7.4%	1.76▲ 34.4%	2.01▲ 14.2%	2.08▲ 3.5%	2.49▲ 19.7%	2.86▲ 14.9%
EPS Growth %	-80.05%	69.33%	-3.94%	7.38%	34.35%	14.2%	3.48%	19.71%	14.86%
EPS (Basic)	0.75	1.27	1.22	1.33	1.81	2.03	2.11	2.51	2.87
Diluted Shares Outstanding	53.8M	54.7M	54.8M	18.1M	25.7M	41.4M	56.3M	89M	123.1M
Basic Shares Outstanding	53.8M	54.6M	54.6M	18M	26.36M	41.3M	56.2M	89M	123.1M
Dividend Payout Ratio	1158.01%	116.06%	121.83%	131.67%	106.47%	108.46%	107.5%	105.47%	99.23%

HESM Balance Sheet

Hess Midstream LP (HESM) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Total Current Assets	111.4M	180.4M	95.9M	101.4M	133.1M	132.3M	136.8M	149.4M	159M
Cash & Short-Term Investments	47.2M	109.3M	3.3M	2.6M	2.2M	3.1M	5.4M	4.3M	1.9M
Cash Only	47.2M	109.3M	3.3M	2.6M	2.2M	3.1M	5.4M	4.3M	1.9M
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	59.8M	67.8M	87.6M	93.2M	120.3M	123M	124.4M	138.9M	150.2M
Days Sales Outstanding	37.67	34.76	37.72	31.16	36.48	35.26	33.73	33.98	33.81
Inventory	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-
Other Current Assets	4.4M	3.3M	5M	5.6M	10.6M	6.2M	7M	6.2M	6.9M
Total Non-Current Assets	2.52B	2.81B	3.18B	3.27B	3.35B	3.46B	3.65B	4B	4.23B
Property, Plant & Equipment	2.52B	2.74B	3.01B	3.11B	3.13B	3.17B	3.23B	3.33B	0
Fixed Asset Turnover	0.23x	0.26x	0.28x	0.35x	0.39x	0.40x	0.42x	0.45x	-
Goodwill	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	67.3M	107.8M	108.4M	101.6M	93.9M	90.2M	87M	81.5M
Other Non-Current Assets	3.2M	8.2M	63.9M	53.4M	125.9M	189.2M	333.3M	6.6M	4.15B
Total Assets	2.64B▲ 0%	2.99B▲ 13.5%	3.28B▲ 9.6%	3.37B▲ 3.0%	3.49B▲ 3.3%	3.59B▲ 2.9%	3.79B▲ 5.6%	4.15B▲ 9.5%	4.39B▲ 5.7%
Asset Turnover	0.22x	0.24x	0.26x	0.32x	0.35x	0.35x	0.36x	0.36x	0.37x
Asset Growth %	2.36%	13.51%	9.58%	2.95%	3.29%	2.94%	5.61%	9.54%	5.72%
Total Current Liabilities	74.4M	138.1M	176.1M	125M	170.9M	159.5M	210.2M	219.3M	187.8M
Accounts Payable	12.2M	18.6M	30.6M	30M	26.9M	62.7M	79.7M	89.4M	51.8M
Days Payables Outstanding	38.22	53.5	78.38	69.79	59.29	126.23	151.12	160.66	32.34
Short-Term Debt	0	11.3M	0	10M	20M	2.5M	12.5M	22.5M	32.5M
Deferred Revenue (Current)	0	85.6M	0	0	0	0	0	0	0
Other Current Liabilities	22.8M	59.2M	43.6M	34.6M	64.2M	24.8M	43.5M	27.3M	103.5M
Current Ratio	1.50x	1.31x	0.54x	0.81x	0.78x	0.83x	0.65x	0.68x	0.85x
Quick Ratio	1.50x	1.31x	0.54x	0.81x	0.78x	0.83x	0.65x	0.68x	0.85x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities	5.4M	977M	1.77B	1.92B	2.56B	2.9B	3.22B	3.47B	3.76B
Long-Term Debt	0	969.8M	1.75B	1.9B	2.54B	2.88B	3.2B	3.45B	3.74B
Capital Lease Obligations	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	500K	500K
Other Non-Current Liabilities	5.4M	7.2M	16M	23.4M	18.1M	16.6M	17.2M	16.5M	22.6M
Total Liabilities	79.8M	1.12B	1.95B	2.05B	2.73B	3.06B	3.43B	3.69B	3.95B
Total Debt	0	981.1M	1.75B	1.91B	2.56B	2.89B	3.21B	3.47B	3.77B
Net Debt	-47.2M	871.8M	1.75B	1.91B	2.56B	2.88B	3.21B	3.47B	3.77B
Debt / Equity	-	0.20x	1.32x	1.44x	3.40x	5.45x	8.84x	7.46x	8.61x
Debt / EBITDA	-	1.94x	3.38x	2.60x	2.87x	2.97x	3.18x	3.09x	3.09x
Net Debt / EBITDA	-0.12x	1.73x	3.37x	2.60x	2.87x	2.96x	3.18x	3.09x	3.08x
Interest Coverage	10.38x	7.11x	6.09x	6.20x	7.00x	5.33x	4.61x	4.61x	4.54x
Total Equity	4.59B▲ 0%	4.8B▲ 4.5%	1.33B▼ 72.2%	1.33B▼ 0.5%	753.1M▼ 43.2%	529M▼ 29.8%	363.2M▼ 31.3%	465.3M▲ 28.1%	437.9M▼ 5.9%
Equity Growth %	137.09%	4.51%	-72.23%	-0.46%	-43.21%	-29.76%	-31.34%	28.11%	-5.89%
Book Value per Share	85.31	87.69	24.31	73.26	29.30	12.78	6.45	5.23	3.56
Total Shareholders' Equity	2.56B	3.44B	131.5M	125M	204.1M	245.1M	340.2M	530.7M	568.3M
Common Stock	506M	501.9M	131.1M	125M	204.1M	245.1M	340.2M	530.7M	568.3M
Retained Earnings	0	0	0	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	-604M	1.2M	400K	0	0	0	0	0	0
Minority Interest	2.03B	1.36B	1.2B	1.2B	549M	283.9M	23M	-65.4M	-130.4M

HESM Cash Flow Statement

Hess Midstream LP (HESM) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	399.9M	466.9M	470.7M	641.7M	795.5M	861.1M	866.4M	940.3M	983.8M
Operating CF Margin %	69.01%	65.58%	55.53%	58.79%	66.08%	67.63%	64.36%	63.03%	60.68%
Operating CF Growth %	3.15%	16.75%	0.81%	36.33%	23.97%	8.25%	0.62%	8.53%	4.63%
Net Income	284.8M	325.5M	317.7M	484.9M	617.8M	620.6M	118.6M	659M	352.9M
Depreciation & Amortization	113.1M	126.9M	142.5M	156.9M	165.6M	181.3M	192.5M	203.1M	214.1M
Stock-Based Compensation	200K	900K	1.5M	1.5M	1.4M	1.6M	1.7M	1.8M	0
Deferred Taxes	0	-1M	-100K	7.3M	14.6M	26.6M	37.9M	71.6M	113.7M
Other Non-Cash Items	600K	5M	-3.2M	5.4M	14.1M	16.5M	501.2M	12.8M	352.9M
Working Capital Changes	1.2M	9.6M	12.3M	-14.3M	-18M	14.5M	14.5M	-8M	-49.8M
Change in Receivables	-15.2M	-6.3M	-19.5M	-5M	-27M	-2.6M	-1M	-14.4M	-11.1M
Change in Inventory	-38.4M	19.5M	0	0	0	0	0	0	0
Change in Payables	17.8M	-2.4M	15.2M	-500K	6.6M	2.3M	13.6M	11.5M	-40.4M
Cash from Investing	-136.4M	-307.6M	-497.5M	-301M	-163.2M	-238.2M	-223.5M	-306.1M	-255.6M
Capital Expenditures	-136.4M	-241.9M	-306.4M	-301.1M	-163.2M	-238.2M	-223.5M	-306.1M	-255.6M
CapEx % of Revenue	23.54%	33.97%	36.15%	27.58%	13.56%	18.71%	16.6%	20.52%	15.77%
Acquisitions	78.5M	-67.3M	-191.1M	100K	0	0	0	0	0
Investments	-	-	-	-	-	-	-	-	-
Other Investing	12.8M	1.6M	-101.9M	0	0	0	0	0	0
Cash from Financing	-216.6M	-405.7M	-79.2M	-341.4M	-632.7M	-622M	-640.6M	-635.3M	-730.6M
Debt Issued (Net)	262M	-2.5M	784.5M	150.7M	660M	324M	319.5M	262.5M	288M
Equity Issued (Net)	365.5M	0	-156.1M	0	-750M	-400M	-400M	-300M	-400M
Dividends Paid	-477.1M	-396.1M	-85.4M	-31.6M	-49.4M	-91M	-127.5M	-235.3M	-350.2M
Share Repurchases	0	0	-156.1M	0	-750M	-400M	-400M	-300M	-400M
Other Financing	-441.4M	-329.1M	-622.2M	-460.5M	-493.3M	-455M	-432.6M	-362.5M	-268.4M
Net Change in Cash	46.9M▲ 0%	-246.4M▼ 625.4%	-106M▲ 57.0%	-700K▲ 99.3%	-400K▲ 42.9%	900K▲ 325.0%	2.3M▲ 155.6%	-1.1M▼ 147.8%	-2.4M▼ 118.2%
Free Cash Flow	263.5M▲ 0%	225M▼ 14.6%	164.3M▼ 27.0%	340.6M▲ 107.3%	632.3M▲ 85.6%	622.9M▼ 1.5%	642.9M▲ 3.2%	634.2M▼ 1.4%	728.2M▲ 14.8%
FCF Margin %	45.47%	31.6%	19.38%	31.2%	52.53%	48.92%	47.76%	42.51%	44.91%
FCF Growth %	112.33%	-14.61%	-26.98%	107.3%	85.64%	-1.49%	3.21%	-1.35%	14.82%
FCF per Share	4.90	4.11	3.00	18.82	24.60	15.05	11.42	7.13	5.92
FCF Conversion (FCF/Net Income)	9.71x	6.76x	6.71x	26.74x	17.14x	10.26x	7.31x	4.21x	2.79x
Interest Paid	0	0	0	0	0	0	170.6M	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0

HESM Key Ratios

Hess Midstream LP (HESM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	10.16%	1.26%	1.47%	2.29%	1.81%	4.46%	13.09%	26.59%	53.86%	78.14%
Return on Invested Capital (ROIC)	7.67%	6.09%	5.56%	6.46%	13.69%	16.66%	17.65%	17.55%	18.37%	18.57%
Gross Margin	80.44%	79.9%	82.18%	83.19%	85.63%	86.24%	85.76%	85.7%	86.39%	63.94%
Net Margin	40.19%	7.11%	9.71%	8.27%	2.2%	3.85%	6.59%	8.81%	14.95%	21.77%
Debt / Equity	-	-	0.20x	1.32x	1.44x	3.40x	5.45x	8.84x	7.46x	8.61x
Interest Coverage	147.36x	10.38x	7.11x	6.09x	6.20x	7.00x	5.33x	4.61x	4.61x	4.54x
FCF Conversion	1.89x	9.71x	6.76x	6.71x	26.74x	17.14x	10.26x	7.31x	4.21x	2.79x
Revenue Growth	-9.79%	13.67%	22.86%	19.04%	28.79%	10.28%	5.77%	5.73%	10.83%	8.67%

HESM SEC Filings & Documents

Hess Midstream LP (HESM) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 4, 2026·SEC

Material company update

Mar 4, 2026·SEC

Material company update

Feb 2, 2026·SEC

10-K Annual Reports

FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 27, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 6, 2025·SEC

FY 2025

May 8, 2025·SEC

HESM Frequently Asked Questions

Hess Midstream LP (HESM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Hess Midstream LP (HESM) reported $1.62B in revenue for fiscal year 2025. This represents a 854% increase from $169.7M in 2012.

Hess Midstream LP (HESM) grew revenue by 8.7% over the past year. This is steady growth.

Yes, Hess Midstream LP (HESM) is profitable, generating $352.9M in net income for fiscal year 2025 (21.8% net margin).

Dividend & Returns

Yes, Hess Midstream LP (HESM) pays a dividend with a yield of 7.26%. This makes it attractive for income-focused investors.

Hess Midstream LP (HESM) has a return on equity (ROE) of 78.1%. This is excellent, indicating efficient use of shareholder capital.

Hess Midstream LP (HESM) generated $584.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Hess Midstream LP(HESM)Earnings, Financials & Key Ratios

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