HESM · Hess Midstream LP
$40.34
+0.24 (+0.60%)
At close · Jul 17
Market Cap
$5.18B
Shares
128.35M
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Revenue
$1.62B
+8.4%
FY2025
Net Income
$352.9M
+58.2%
FY2025
Operating Margin
62.18%
+0.7pp
FY2025
Operating Cash Flow
$983.8M
+4.6%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| $1.63B | $1.62B | $1.5B | $1.35B | $1.28B | $1.2B | $1.09B | $848.3M | $712.7M | $579.5M | |
| $28.9M | $28.5M | $26.1M | $26.2M | $23.1M | $22.7M | $21.1M | $52.4M | $14.1M | $13.9M | |
| $620.6M | $613.2M | $576.5M | $531.7M | $484M | $476.6M | $515.4M | $471.7M | $334.5M | $316.4M | |
| $1.01B | $1.01B | $919M | $816.9M | $791.2M | $727.2M | $576.5M | $376.6M | $378.2M | $263.1M | |
| — | 62.18% | 61.45% | 60.57% | 62.05% | 60.41% | 52.8% | 44.39% | 53.07% | 45.4% | |
| $15.7M | $15.9M | $14M | $7.7M | $5.3M | $10.6M | $10.3M | $3.4M | — | — | |
| $799.9M | $798.4M | $730.8M | $645.6M | $647.2M | $632.4M | $492.2M | $317.6M | $325.5M | $242M | |
| $119M | $113.8M | $71.8M | $37.9M | $26.6M | $14.6M | $7.3M | -$100K | — | — | |
| $279.5M | $352.9M | $223.1M | $118.6M | $83.9M | $46.4M | $24M | $70.1M | $70.8M | $41.2M | |
| — | 21.77% | 14.92% | 8.79% | 6.58% | 3.85% | 2.2% | 8.26% | 9.93% | 7.11% | |
| $312M | $331.7M | $435.9M | $489.1M | $536.7M | $571.4M | $460.9M | $302.6M | $301.5M | $175.4M | |
| — | — | — | — | $83.9M | $46.4M | $24M | $69.9M | $70.8M | $41.2M |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2021–FY2025: $2.25B in buybacks.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
5.49×
Oil & Gas Midstream median 3.85×
EV/EBIT
8.87×
Oil & Gas Midstream median 15.58×
P/E (TTM)
—
Oil & Gas Midstream median 23.98×
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Gathering | $870,600,000 | $799,100,000 | $730,000,000 | $677,900,000 | $630,600,000 | $561,900,000 | $422,900,000 | $375,200,000 |
| Processing and Storage | $620,000,000 | $577,700,000 | $501,700,000 | $470,800,000 | $435,700,000 | $370,600,000 | $295,300,000 | $251,400,000 |
| Terminaling and Export | $130,700,000 | $118,700,000 | $116,900,000 | $126,500,000 | $137,500,000 | $159,400,000 | $130,100,000 | $86,100,000 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Affiliate Services | $1,573,600,000 | $1,467,800,000 | $1,338,100,000 | $1,273,200,000 | $1,203,800,000 | — | — | — |
| Third Party Services | $43,600,000 | $24,100,000 | $8,000,000 | $0 | $0 | — | — | — |
| Processing and Storage Services | — | — | — | — | — | $370,300,000 | $294,700,000 | $251,400,000 |
| Terminaling and Export Services | — | — | — | — | — | $159,400,000 | $130,000,000 | $85,400,000 |
| Water Gathering and Disposal Services | — | — | — | — | — | $92,600,000 | $77,300,000 | $50,300,000 |
| Oil And Gas Service | — | — | — | — | — | $469,300,000 | $345,600,000 | $324,900,000 |