Hess Midstream (HESM) Asset Utilization Ratio (2020 - 2026)
Hess Midstream's (HESM) Asset Utilization Ratio was 0.38 for Q3 2026, up 4.1% from 0.36 a year earlier and up 0.7% from the prior quarter.
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Analysis
Hess Midstream (HESM) Asset Utilization Ratio (2020 - 2026) Analysis & Trends
Dating back to Q1 2020, Hess Midstream's Asset Utilization Ratio record includes 27 quarters.
- Asset Utilization Ratio has increased for six consecutive years.
- By year, Asset Utilization Ratio came in at 0.38 in FY2024 (+3.0%), 0.37 in FY2023 (+1.4%), 0.36 in FY2022 (+2.7%) and 0.35 in FY2021 (+6.9%).
- The Q3 2026 figure ranks as the highest quarterly Asset Utilization Ratio in data going back to Q1 2020.
- Year over year, Asset Utilization Ratio has now increased in each of the last five quarters, with growth averaging 1.9% over the last eight quarters.
- The high point for year-over-year Asset Utilization Ratio in five years was Q1 2022 (growth of 9.3%); the low point was Q1 2025 (a decline of 1.1%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 0.38 (Q2 2026), 0.37 (Q1 2026) and 0.37 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 106.26 Bn | 104.14 Bn | 4.35 Bn | 0.39 |
| 2 | Williams Companies | 86.41 Bn | 89.20 Bn | 2.59 Bn | 0.19 |
| 3 | Enterprise Products Partners | 82.58 Bn | 80.98 Bn | 14.00 Mn | 0.78 |
| 4 | Kinder Morgan | 71.13 Bn | 71.22 Bn | 2.97 Bn | 0.25 |
| 5 | Tc Energy | 67.40 Bn | 71.05 Bn | - | - |
| 6 | Energy Transfer | 66.89 Bn | 62.98 Bn | 6.57 Bn | 0.84 |
| 7 | Targa Resources | 63.77 Bn | 62.98 Bn | 2.02 Bn | 0.63 |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn | 0.48 |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn | 0.30 |
| 10 | Hess Midstream | 3.97 Bn | 3.85 Bn | - | 0.38 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.38 |
| Jun 30, 2026 | 0.38 |
| Mar 31, 2026 | 0.37 |
| Dec 31, 2025 | 0.37 |
| Sep 30, 2025 | 0.36 |
| Jun 30, 2025 | 0.36 |
| Mar 31, 2025 | 0.36 |
| Dec 31, 2024 | 0.36 |
| Sep 30, 2024 | 0.36 |
| Jun 30, 2024 | 0.36 |
| Mar 31, 2024 | 0.37 |
| Dec 31, 2023 | 0.36 |
| Sep 30, 2023 | 0.35 |
| Jun 30, 2023 | 0.35 |
| Mar 31, 2023 | 0.35 |
| Dec 31, 2022 | 0.35 |
| Sep 30, 2022 | 0.35 |
| Jun 30, 2022 | 0.35 |
| Mar 31, 2022 | 0.35 |
| Dec 31, 2021 | 0.35 |
API Access
Hess Midstream Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=HESM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "HESM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=HESM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();