Hess Midstream LP (HESM) Earnings History
Annual and quarterly earnings data from 2012 to 2025
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HESM EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
HESM Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 63.9% | 62.2% | 21.8% |
| 2024 | 86.4% | 61.6% | 15.0% |
| 2023 | 85.7% | 60.7% | 8.8% |
| 2022 | 85.8% | 62.1% | 6.6% |
| 2021 | 86.2% | 60.4% | 3.9% |
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Hess Midstream LP (HESM) Earnings Overview
As of May 8, 2026, Hess Midstream LP (HESM) reported trailing twelve-month net income of $353M, reflecting +14.9% year-over-year growth. The company earned $2.73 per diluted share over the past four quarters, with a net profit margin of 21.8%.
Looking at the long-term picture, HESM's 5-year EPS compound annual growth rate (CAGR) stands at +16.9%, indicating exceptional earnings growth. The company achieved its highest annual net income of $353M in fiscal 2025, representing a new all-time high.
Hess Midstream LP maintains industry-leading profitability with a gross margin of 63.9%, operating margin of 62.2%, and net margin of 21.8%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including TRGP ($2.13B net income, 10.8% margin), DKL ($170M net income, 17.4% margin), WES ($1.21B net income, 30.4% margin), HESM has outperformed on profitability metrics. Compare HESM vs TRGP →
HESM Earnings vs Peers
Earnings metrics vs comparable public companies
HESM Historical Earnings Data (2012–2025)
14 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $353M | +58.2% | $1.01B | $2.86 | 21.8% | 62.2% |
| 2024 | $223M | +88.1% | $919M | $2.49 | 15.0% | 61.6% |
| 2023 | $119M | +41.4% | $817M | $2.08 | 8.8% | 60.7% |
| 2022 | $84M | +80.8% | $791M | $2.01 | 6.6% | 62.1% |
| 2021 | $46M | +93.3% | $727M | $1.76 | 3.9% | 60.4% |
| 2020 | $24M | -65.8% | $577M | $1.31 | 2.2% | 52.8% |
| 2019 | $70M | +1.4% | $377M | $1.22 | 8.3% | 44.4% |
| 2018 | $69M | +67.7% | $378M | $1.27 | 9.7% | 53.1% |
| 2017 | $41M | -79.9% | $263M | $0.75 | 7.1% | 45.4% |
| 2016 | $205M | +5.9% | $206M | $3.76 | 40.2% | 40.5% |
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Start ComparisonHESM — Frequently Asked Questions
Quick answers to the most common questions about buying HESM stock.
Is HESM growing earnings?
HESM EPS stands at $2.73, with +14.9% growth matching the 5-year CAGR of +16.9%. TTM net income is $353M. Earnings trajectory remains consistent.
What are HESM's profit margins?
Hess Midstream LP net margin is +21.8%, with operating margin at +62.2%. Above-average margins indicate pricing power.
How consistent are HESM's earnings?
HESM earnings data spans 2012-2025. The current earnings trend is +14.9% YoY. Historical data enables comparison across business cycles.