Hess Midstream (HESM) Capital Expenditures (2019 - 2026)

Hess Midstream (HESM) posted Capital Expenditures of $28.8 million for Q1 2026, down 56.82% on a QoQ basis from $66.7 million in Q4 2025, and down 36.7% year-on-year from $45.5 million in Q1 2025.

Hess Midstream (HESM) Capital Expenditures (2019 - 2026) Analysis & Trends

Hess Midstream has disclosed Capital Expenditures across 8 years of filings, most recently posting $28.8 million for Q1 2026.

  • Capital Expenditures for Q1 2026 came in at $28.8 million, down 36.7% year-over-year; the trailing twelve-month figure through Mar 2026 was $238.9 million (down 19.51% YoY), and the FY2025 annual result was $255.6 million, down 16.5% from the prior year.
  • Capital Expenditures came in at $28.8 million for Q1 2026 at Hess Midstream, down from $66.7 million in the prior quarter.
  • Over the last five years, Capital Expenditures for HESM reached as high as $95.1 million in Q4 2024 and fell as low as $28.8 million in Q1 2026.
  • Median Capital Expenditures over the past 5 years was $63.4 million (2025), compared with a mean of $61.9 million.
  • Year-over-year, Capital Expenditures surged 115.0% in 2022 and sank 36.7% in 2026.
  • Over 5 years, Capital Expenditures 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 slumped by 56.82% to $28.8 million in 2026.
  • Per Business Quant, the three latest HESM Capital Expenditures figures stand at $28.8 million (Q1 2026), $66.7 million (Q4 2025), and $80.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 1.78 Bn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 133.00 Mn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 983.00 Mn
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 1.92 Bn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 899.50 Mn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 575.00 Mn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 864.00 Mn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 31.00 Mn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 3.18 Bn
10 Hess Midstream 4.86 Bn 4.85 Bn - 28.80 Mn

Historic Data

Download Data
DateValue
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