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
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