Hess Midstream (HESM) Capital Expenditures (2019 - 2026)
Hess Midstream (HESM) posted Capital Expenditures of $23.1 million for Q2 2026, down 19.79% on a QoQ basis from $28.8 million in Q1 2026, and down 63.56% year-over-year from $63.4 million in Q2 2025.
Analysis
Hess Midstream (HESM) Capital Expenditures (2019 - 2026) Analysis & Trends
Hess Midstream has reported Capital Expenditures for 8 years, with the latest figure at $23.1 million in Q2 2026.
- On a quarterly basis, Capital Expenditures fell 63.56% year-over-year to $23.1 million in Q2 2026; TTM through Jun 2026 was $198.6 million, a 32.97% decrease from a year earlier, with the FY2025 full-year figure at $255.6 million, down 16.5% from the prior year.
- Capital Expenditures was $23.1 million for Q2 2026 at Hess Midstream, down from $28.8 million in the prior quarter.
- The five-year high for Capital Expenditures was $95.1 million in Q4 2024, with the low at $23.1 million in Q2 2026.
- Average Capital Expenditures over 5 years is $59.7 million, with a median of $62.5 million recorded in 2022.
- The sharpest annual moves came in 2022 and 2026: Capital Expenditures surged 115.0% in 2022, then slumped 63.56% in 2026.
- Over 5 years, Capital Expenditures stood at $61.6 million in 2022, then gained by 3.08% to $63.5 million in 2023, then surged by 49.76% to $95.1 million in 2024, then decreased by 29.86% to $66.7 million in 2025, then plunged by 65.37% to $23.1 million in 2026.
- The last three Capital Expenditures figures came in at $23.1 million (Q2 2026), $28.8 million (Q1 2026), and $66.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 982.00 Mn |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 1.16 Bn |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 1.56 Bn |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | -773.53 Mn |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 1.01 Bn |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 825.00 Mn |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 613.00 Mn |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 2.15 Bn |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | -218.00 Mn |
| 10 | Hess Midstream | 5.12 Bn | 5.12 Bn | - | 23.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.10 Mn |
| Mar 31, 2026 | 28.80 Mn |
| Dec 31, 2025 | 66.70 Mn |
| Sep 30, 2025 | 80.00 Mn |
| Jun 30, 2025 | 63.40 Mn |
| Mar 31, 2025 | 45.50 Mn |
| Dec 31, 2024 | 95.10 Mn |
| Sep 30, 2024 | 92.30 Mn |
| Jun 30, 2024 | 63.90 Mn |
| Mar 31, 2024 | 54.80 Mn |
| Dec 31, 2023 | 63.50 Mn |
| Sep 30, 2023 | 52.70 Mn |
| Jun 30, 2023 | 43.00 Mn |
| Mar 31, 2023 | 64.30 Mn |
| Dec 31, 2022 | 61.60 Mn |
| Sep 30, 2022 | 65.90 Mn |
| Jun 30, 2022 | 55.90 Mn |
| Mar 31, 2022 | 54.80 Mn |
| Dec 31, 2021 | 43.20 Mn |
| Sep 30, 2021 | 67.30 Mn |