Hess Midstream (HESM) EBIT Margin (2018 - 2026)
Hess Midstream (HESM) recorded EBIT Margin of 63.98% in Q3 2026, up 2.47 percentage points from 61.51% a year earlier and up 0.53 percentage points from the prior quarter.
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Analysis
Hess Midstream (HESM) EBIT Margin (2018 - 2026) Analysis & Trends
On a TTM basis, Hess Midstream's EBIT Margin came in at 62.70% as of Sep 30, 2026, up 0.73 percentage points year-over-year; for FY2025, it was 62.18%, up 0.73 percentage points from FY2024.
- Annual EBIT Margin has a five-year change of +9.38 percentage points (FY2020 to FY2025).
- Across earlier years, EBIT Margin came in at 61.45% in FY2024 (+0.88 pp), 60.57% in FY2023 (-1.47 pp), 62.05% in FY2022 (+1.64 pp) and 60.41% in FY2021 (+7.61 pp).
- The Q3 2026 figure is the highest quarterly EBIT Margin in data going back to Q4 2018.
- On a year-over-year basis, EBIT Margin rose in six of the last eight quarters, with an average year-over-year change of +0.92 percentage points.
- Peak year-over-year performance for EBIT Margin in the last five years was a gain of 8.55 percentage points in Q3 2022, against a drop of 3.49 percentage points in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 63.46% (Q2 2026), 61.04% (Q1 2026) and 62.25% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 106.26 Bn | 104.14 Bn | 4.35 Bn | 10.14% |
| 2 | Williams Companies | 86.41 Bn | 89.20 Bn | 2.59 Bn | 35.25% |
| 3 | Enterprise Products Partners | 82.58 Bn | 80.98 Bn | 14.00 Mn | 11.09% |
| 4 | Kinder Morgan | 71.13 Bn | 71.22 Bn | 2.97 Bn | 25.60% |
| 5 | Tc Energy | 67.40 Bn | 71.05 Bn | - | - |
| 6 | Energy Transfer | 66.89 Bn | 62.98 Bn | 6.57 Bn | 7.50% |
| 7 | Targa Resources | 63.77 Bn | 62.98 Bn | 2.02 Bn | 19.58% |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn | 31.02% |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn | 40.94% |
| 10 | Hess Midstream | 3.97 Bn | 3.85 Bn | - | 63.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 63.98% |
| Jun 30, 2026 | 63.46% |
| Mar 31, 2026 | 61.04% |
| Dec 31, 2025 | 62.25% |
| Sep 30, 2025 | 61.51% |
| Jun 30, 2025 | 62.82% |
| Mar 31, 2025 | 62.15% |
| Dec 31, 2024 | 61.38% |
| Sep 30, 2024 | 61.22% |
| Jun 30, 2024 | 60.82% |
| Mar 31, 2024 | 62.43% |
| Dec 31, 2023 | 58.93% |
| Sep 30, 2023 | 60.59% |
| Jun 30, 2023 | 61.14% |
| Mar 31, 2023 | 61.87% |
| Dec 31, 2022 | 62.43% |
| Sep 30, 2022 | 60.93% |
| Jun 30, 2022 | 62.32% |
| Mar 31, 2022 | 62.58% |
| Dec 31, 2021 | 63.20% |
API Access
Hess Midstream EBIT Margin 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=ebit-margin&ticker=HESM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit-margin", "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=ebit-margin&ticker=HESM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();