Hess Midstream (HESM) Debt Ratio (2018 - 2026)
Hess Midstream (HESM) posted Debt Ratio of 0.87 for Q2 2026, down 0.96% on a QoQ basis from 0.88 in Q1 2026, and up 4.0% year-over-year from 0.84 in Q2 2025.
Analysis
Hess Midstream (HESM) Debt Ratio (2018 - 2026) Analysis & Trends
Hess Midstream has reported Debt Ratio for 9 years, with the latest figure at 0.87 in Q2 2026.
- On a quarterly basis, Debt Ratio rose 4.0% year-over-year to 0.87 in Q2 2026; TTM through Jun 2026 was 0.87, a 4.0% increase from a year earlier, with the FY2025 full-year figure at 0.86, up 2.77% from the prior year.
- Debt Ratio was 0.87 for Q2 2026 at Hess Midstream, down from 0.88 in the prior quarter.
- The five-year high for Debt Ratio was 0.88 in Q1 2026, with the low at 0.74 in Q1 2022.
- Average Debt Ratio over 5 years is 0.84, with a median of 0.84 recorded in 2023.
- The sharpest annual moves came in 2022 and 2025: Debt Ratio soared 51.7% in 2022, then decreased 2.69% in 2025.
- Over 5 years, Debt Ratio stood at 0.8 in 2022, then grew by 5.38% to 0.85 in 2023, then decreased by 1.3% to 0.84 in 2024, then increased by 2.77% to 0.86 in 2025, then increased by 1.6% to 0.87 in 2026.
- The last three Debt Ratio figures came in at 0.87 (Q2 2026), 0.88 (Q1 2026), and 0.86 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 0.44 |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 0.41 |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 0.46 |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | - |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 0.69 |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 0.60 |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 0.50 |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 0.48 |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 0.03 |
| 10 | Hess Midstream | 5.12 Bn | 5.12 Bn | - | 0.87 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.87 |
| Mar 31, 2026 | 0.88 |
| Dec 31, 2025 | 0.86 |
| Sep 30, 2025 | 0.86 |
| Jun 30, 2025 | 0.84 |
| Mar 31, 2025 | 0.84 |
| Dec 31, 2024 | 0.84 |
| Sep 30, 2024 | 0.84 |
| Jun 30, 2024 | 0.85 |
| Mar 31, 2024 | 0.86 |
| Dec 31, 2023 | 0.85 |
| Sep 30, 2023 | 0.83 |
| Jun 30, 2023 | 0.84 |
| Mar 31, 2023 | 0.84 |
| Dec 31, 2022 | 0.80 |
| Sep 30, 2022 | 0.82 |
| Jun 30, 2022 | 0.82 |
| Mar 31, 2022 | 0.74 |
| Dec 31, 2021 | 0.74 |
| Sep 30, 2021 | 0.76 |