Hess Midstream (HESM) Debt to Equity (2018 - 2026)
Hess Midstream (HESM) recorded quarterly Debt to Equity of $10.06 in Q1 2026, up 16.84% quarter-over-quarter from $8.61 in Q4 2025, and up 44.52% on a YoY basis from $6.96 in Q1 2025.
Hess Midstream (HESM) Debt to Equity (2018 - 2026) Analysis & Trends
Hess Midstream's Debt to Equity history runs 9 years deep, the most recent figure standing at $10.06 for Q1 2026.
- In Q1 2026, Debt to Equity rose 44.52% year-over-year to $10.06; the TTM figure through Mar 2026 stood at $10.06 (up 44.52% YoY), while the FY2025 annual figure was $8.61, up 15.44% from the prior year.
- Debt to Equity was $10.06 for Q1 2026 at Hess Midstream, up from $8.61 in the prior quarter.
- In the past five years, Debt to Equity ranged from a high of $10.06 in Q1 2026 to a low of $3.28 in Q1 2022.
- Historically, Debt to Equity has averaged $7.2 across 5 years, with a median of $7.07 in 2023.
- The sharpest annual moves came in 2022 and 2025: Debt to Equity surged 366.5% in 2022, then decreased 20.07% in 2025.
- A 5-year view of Debt to Equity shows it 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.
- The last three Debt to Equity figures came in at $10.06 (Q1 2026), $8.61 (Q4 2025), and $6.63 (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 1.66 |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 1.12 |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 1.02 |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 2.01 |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 1.79 |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 5.85 |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 1.43 |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 1.71 |
| 10 | Hess Midstream | 4.98 Bn | 4.97 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 |