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May 4, 2026·SEC
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Feb 2, 2026·SEC
Hess Midstream LP(HESM)Earnings, Financials & Key Ratios
HESM•NYSE
12.9× P/E·Price updated Jun 19, 2026
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%
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 10.3x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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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
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 4, 2026Metric
Actual
Est
EPS
$0.68+4.6%
$0.65
Rev
$390M+0.2%
$390M
Q1 2026
Feb 2, 2026Metric
Actual
Est
EPS
$0.72-0.4%
$0.72
Rev
$404M-3.6%
$419M
Q4 2025
Nov 3, 2025Metric
Actual
Est
EPS
$0.75+2.6%
$0.73
Rev
$421M+0.7%
$418M
Q3 2025
Jul 30, 2025Metric
Actual
Est
EPS
$0.74+32.1%
$0.56
Rev
$414M-3.7%
$429M
| 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 →
HESM Peer Comparison
Hess Midstream LP (HESM) competitors in Gas Gathering, Processing and NGLs — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 TRGP | 55.5B | 258.58 | 30.35 | 3.06% | 12.98% | 70.77% | 5.49 | |
 DKL | 2.68B | 50.41 | 15.28 | 7.73% | 16% | 19.17% | 5.75 | |
 WES | 16.92B | 42.96 | 14.32 | 6.61% | 29.9% | 33.79% | 2.14 | |
 AM | 10.31B | 21.71 | 25.24 | 6.99% | 31.94% | 20.38% | 1.63 | |
 MPLX | 57.7B | 56.84 | 11.79 | 8.37% | 37.54% | 32.81% | 1.80 | |
 CVX | 346.46B | 173.63 | 26.19 | -4.64% | 6.67% | 7.18% | 0.24 | |
 EOG | 69.23B | 129.98 | 14.27 | -3.47% | 23.41% | 18.28% | 0.28 | |
 NCSM | 129.78M | 49.45 | 5.72 | 13.64% | 10.76% | 14.37% | 0.09 |
Compare HESM vs Peers
Hess Midstream LP (HESM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HESM Income Statement
Hess Midstream LP (HESM) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | 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
| Metric | 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
| Metric | 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% |
Related:HESM Dividend History·HESM Revenue History·HESM Price History·HESM P/E History·HESM Financial Ratios·HESM Institutional Holders
HESM SEC Filings & Documents
Hess Midstream LP (HESM) SEC filings — annual & quarterly reports (10-K, 10-Q)
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 7.73%. 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.