Hess Midstream (HESM) Depreciation and Depletion (2019 - 2026)
Hess Midstream (HESM) recorded Depreciation and Depletion of $54.4 million in Q2 2026, up 5.0% from $51.8 million a year earlier but down 7.0% from the prior quarter.
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Analysis
Hess Midstream (HESM) Depreciation and Depletion (2019 - 2026) Analysis & Trends
On a TTM basis, Hess Midstream's Depreciation and Depletion came in at $223.7 million as of Jun 30, 2026, up 8.5% year-over-year; for FY2025, it was $214.1 million, up 5.4% from FY2024.
- Annual Depreciation and Depletion has increased for eight straight years, with a five-year compound annual growth rate of 6.4% (FY2020 to FY2025).
- Across earlier years, Depreciation and Depletion came in at $203.1 million in FY2024 (+5.5%), $192.5 million in FY2023 (+6.2%), $181.3 million in FY2022 (+9.5%) and $165.6 million in FY2021 (+5.5%).
- Quarterly Depreciation and Depletion has ranged from $41.5 million in Q3 2021 to $58.5 million in Q1 2026 over the past five years.
- On a year-over-year basis, Depreciation and Depletion has increased for 26 consecutive quarters, with growth averaging 6.2% over the last eight quarters.
- Across the past five years, year-over-year growth in Depreciation and Depletion ran from 1.8% in Q4 2024 to 13.6% in Q1 2026.
- Per Business Quant, the preceding three quarters came in at $58.5 million (Q1 2026), $54.2 million (Q4 2025) and $56.6 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Depletion (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 100.40 Bn | 97.94 Bn | 4.84 Bn | - |
| 2 | Williams Companies | 86.28 Bn | 85.00 Bn | 2.54 Bn | - |
| 3 | Enterprise Products Partners | 78.15 Bn | 76.58 Bn | - | 562.00 Mn |
| 4 | Energy Transfer | 70.55 Bn | 63.99 Bn | 7.40 Bn | - |
| 5 | Kinder Morgan | 69.13 Bn | 70.08 Bn | 3.07 Bn | - |
| 6 | Tc Energy | 61.50 Bn | 64.57 Bn | 2.81 Bn | - |
| 7 | Targa Resources | 60.39 Bn | 60.01 Bn | 2.14 Bn | 351.10 Mn |
| 8 | Mplx | 57.19 Bn | 50.75 Bn | 2.91 Bn | 320.00 Mn |
| 9 | Cheniere Energy | 55.74 Bn | 55.87 Bn | 5.29 Bn | 378.00 Mn |
| 10 | Hess Midstream | 4.85 Bn | 4.83 Bn | - | 54.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 54.40 Mn |
| Mar 31, 2026 | 58.50 Mn |
| Dec 31, 2025 | 54.20 Mn |
| Sep 30, 2025 | 56.60 Mn |
| Jun 30, 2025 | 51.80 Mn |
| Mar 31, 2025 | 51.50 Mn |
| Dec 31, 2024 | 51.30 Mn |
| Sep 30, 2024 | 51.50 Mn |
| Jun 30, 2024 | 50.50 Mn |
| Mar 31, 2024 | 49.80 Mn |
| Dec 31, 2023 | 50.40 Mn |
| Sep 30, 2023 | 47.70 Mn |
| Jun 30, 2023 | 47.00 Mn |
| Mar 31, 2023 | 47.40 Mn |
| Dec 31, 2022 | 46.40 Mn |
| Sep 30, 2022 | 45.50 Mn |
| Jun 30, 2022 | 45.00 Mn |
| Mar 31, 2022 | 44.40 Mn |
| Dec 31, 2021 | 43.50 Mn |
| Sep 30, 2021 | 41.50 Mn |
API Access
Hess Midstream Depreciation and Depletion API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=depreciation-and-depletion&ticker=HESM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-depletion", "ticker": "HESM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=depreciation-and-depletion&ticker=HESM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();