Hess Midstream (HESM) Capital Expenditures (2019 - 2026)
Hess Midstream (HESM) recorded quarterly Capital Expenditures of $28.8 million in Q1 2026, down 56.82% quarter-over-quarter from $66.7 million in Q4 2025, and down 36.7% on a YoY basis from $45.5 million in Q1 2025.
Hess Midstream (HESM) Capital Expenditures (2019 - 2026) Analysis & Trends
Hess Midstream's Capital Expenditures history runs 8 years deep, the most recent figure standing at $28.8 million for Q1 2026.
- In Q1 2026, Capital Expenditures fell 36.7% year-over-year to $28.8 million; the TTM figure through Mar 2026 stood at $238.9 million (down 19.51% YoY), while the FY2025 annual figure was $255.6 million, down 16.5% from the prior year.
- Capital Expenditures was $28.8 million for Q1 2026 at Hess Midstream, down from $66.7 million in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $95.1 million in Q4 2024 to a low of $28.8 million in Q1 2026.
- Historically, Capital Expenditures has averaged $61.9 million across 5 years, with a median of $63.4 million in 2025.
- The sharpest annual moves came in 2022 and 2026: Capital Expenditures jumped 115.0% in 2022, then slumped 36.7% in 2026.
- A 5-year view of Capital Expenditures shows it stood at $61.6 million in 2022, then rose by 3.08% to $63.5 million in 2023, then jumped by 49.76% to $95.1 million in 2024, then retreated by 29.86% to $66.7 million in 2025, then plunged by 56.82% to $28.8 million in 2026.
- The last three Capital Expenditures figures came in at $28.8 million (Q1 2026), $66.7 million (Q4 2025), and $80.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 1.78 Bn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 983.00 Mn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 133.00 Mn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 1.92 Bn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 575.00 Mn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 899.50 Mn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 864.00 Mn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 965.20 Mn |
| 10 | Hess Midstream | 4.98 Bn | 4.97 Bn | - | 28.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.80 Mn |
| Mar 31, 2026 | 28.80 Mn |
| Dec 31, 2025 | 66.70 Mn |
| Dec 31, 2025 | 66.70 Mn |
| Sep 30, 2025 | 80.00 Mn |
| Sep 30, 2025 | 80.00 Mn |
| Jun 30, 2025 | 63.40 Mn |
| Jun 30, 2025 | 63.40 Mn |
| Mar 31, 2025 | 45.50 Mn |
| Mar 31, 2025 | 45.50 Mn |
| Dec 31, 2024 | 95.10 Mn |
| Dec 31, 2024 | 95.10 Mn |
| Sep 30, 2024 | 92.30 Mn |
| Sep 30, 2024 | 92.30 Mn |
| Jun 30, 2024 | 63.90 Mn |
| Jun 30, 2024 | 63.90 Mn |
| Mar 31, 2024 | 54.80 Mn |
| Mar 31, 2024 | 54.80 Mn |
| Dec 31, 2023 | 63.50 Mn |
| Dec 31, 2023 | 63.50 Mn |