Hess Midstream (HESM) Debt to Equity (2018 - 2026)
Hess Midstream (HESM) posted Debt to Equity of $10.06 for Q1 2026, up 16.84% on a QoQ basis from $8.61 in Q4 2025, and up 44.52% year-on-year from $6.96 in Q1 2025.
Hess Midstream (HESM) Debt to Equity (2018 - 2026) Analysis & Trends
Hess Midstream has disclosed Debt to Equity across 9 years of filings, most recently posting $10.06 for Q1 2026.
- Debt to Equity for Q1 2026 came in at $10.06, up 44.52% year-over-year; the trailing twelve-month figure through Mar 2026 was $10.06 (up 44.52% YoY), and the FY2025 annual result was $8.61, up 15.44% from the prior year.
- Debt to Equity came in at $10.06 for Q1 2026 at Hess Midstream, up from $8.61 in the prior quarter.
- Over the last five years, Debt to Equity for HESM reached as high as $10.06 in Q1 2026 and fell as low as $3.28 in Q1 2022.
- Median Debt to Equity over the past 5 years was $7.07 (2023), compared with a mean of $7.2.
- Year-over-year, Debt to Equity soared 366.5% in 2022 and slipped 20.07% in 2025.
- Over 5 years, Debt to Equity stood at $5.45 in 2022, then soared by 62.09% to $8.84 in 2023, then decreased by 15.61% to $7.46 in 2024, then rose by 15.44% to $8.61 in 2025, then gained by 16.84% to $10.06 in 2026.
- Per Business Quant, the three latest HESM Debt to Equity figures stand at $10.06 (Q1 2026), $8.61 (Q4 2025), and $6.63 (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 1.66 |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 1.02 |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 1.12 |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 2.01 |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 5.85 |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 1.79 |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 1.43 |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 182.28 |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 3.41 |
| 10 | Hess Midstream | 4.86 Bn | 4.85 Bn | - | 10.06 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 10.06 |
| Dec 31, 2025 | 8.61 |
| Sep 30, 2025 | 6.63 |
| Jun 30, 2025 | 7.32 |
| Mar 31, 2025 | 6.96 |
| Dec 31, 2024 | 7.46 |
| Sep 30, 2024 | 7.90 |
| Jun 30, 2024 | 8.59 |
| Mar 31, 2024 | 8.71 |
| Dec 31, 2023 | 8.84 |
| Sep 30, 2023 | 7.07 |
| Jun 30, 2023 | 7.06 |
| Mar 31, 2023 | 6.82 |
| Dec 31, 2022 | 5.45 |
| Sep 30, 2022 | 5.66 |
| Jun 30, 2022 | 6.03 |
| Mar 31, 2022 | 3.28 |
| Dec 31, 2021 | 3.40 |
| Sep 30, 2021 | 3.90 |
| Jun 30, 2021 | 1.29 |