Hess Midstream (HESM) Capital Expenditures (2019 - 2026)
Hess Midstream (HESM) posted quarterly Capital Expenditures of $28.8 million for Q1 2026, down 36.7% year-over-year from $45.5 million in Q1 2025, and down 56.82% quarter-over-quarter from $66.7 million in Q4 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 for Q1 2026 stood at $28.8 million, down from $66.7 million in the prior quarter.
- The five-year high for Capital Expenditures was $95.1 million in Q4 2024, with the low at $28.8 million in Q1 2026.
- The 5-year median for Capital Expenditures is $63.4 million (2025), against an average of $61.9 million.
- The sharpest annual moves came in 2022 and 2026: Capital Expenditures soared 115.0% in 2022, then sank 36.7% in 2026.
- Hess Midstream's Capital Expenditures stood at $61.6 million in 2022, then increased by 3.08% to $63.5 million in 2023, then soared by 49.76% to $95.1 million in 2024, then fell by 29.86% to $66.7 million in 2025, then tumbled by 56.82% to $28.8 million in 2026.
- Business Quant data shows HESM's Capital Expenditures at $28.8 million in Q1 2026, $66.7 million in Q4 2025, and $80.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 982.00 Mn |
| 2 | Enbridge | 111.07 Bn | 109.57 Bn | 5.23 Bn | 2.15 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 1.16 Bn |
| 4 | Energy Transfer | 72.38 Bn | 71.35 Bn | 7.40 Bn | 1.56 Bn |
| 5 | Tc Energy | 65.96 Bn | 58.40 Bn | 1.24 Bn | -3.61 Mn |
| 6 | Oneok | 60.08 Bn | 59.92 Bn | 2.81 Bn | 613.00 Mn |
| 7 | Mplx | 60.06 Bn | 59.03 Bn | 2.73 Bn | 825.00 Mn |
| 8 | Targa Resources | 59.31 Bn | 59.18 Bn | 2.14 Bn | 1.01 Bn |
| 9 | Cheniere Energy | 56.08 Bn | 54.82 Bn | 5.29 Bn | 1.18 Bn |
| 10 | Hess Midstream | 5.08 Bn | 5.07 Bn | - | 23.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 23.10 Mn |
| Jun 30, 2026 | 23.10 Mn |
| 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 |