Hess Midstream (HESM) EBITDA (2019 - 2026)
Hess Midstream's EBITDA came in at $307.6 million for Q2 2026, down 1.4% from $312 million a year earlier but up 3.7% from the prior quarter.
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Analysis
Hess Midstream (HESM) EBITDA (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Hess Midstream reported EBITDA of $1.23 billion, up 4.0% year-over-year; for FY2025, it was $1.22 billion, up 8.9% from FY2024.
- EBITDA has increased in each of the last eight years, with a five-year compound annual growth rate of 10.8% (FY2020 to FY2025).
- Going back by year, EBITDA was $1.12 billion in FY2024 (+11.2%), $1.01 billion in FY2023 (+3.8%), $972.5 million in FY2022 (+8.9%) and $892.8 million in FY2021 (+21.7%).
- The five-year range for quarterly EBITDA is $200.7 million (Q3 2021) to $315.5 million (Q3 2025).
- Year-over-year, EBITDA increased in seven of the last eight quarters, with growth averaging 7.0%.
- The fastest year-over-year change in EBITDA over five years came in Q4 2021 (growth of 25.0%), and the weakest in Q1 2023 (a decline of 1.6%).
- Business Quant data shows HESM's EBITDA at $296.6 million (Q1 2026), $305.8 million (Q4 2025) and $315.5 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 104.84 Bn | 100.44 Bn | 4.84 Bn | 3.14 Bn |
| 2 | Williams Companies | 89.20 Bn | 87.92 Bn | 2.54 Bn | 1.77 Bn |
| 3 | Enterprise Products Partners | 79.12 Bn | 77.51 Bn | - | 2.88 Bn |
| 4 | Kinder Morgan | 75.45 Bn | 75.15 Bn | 3.07 Bn | 1.97 Bn |
| 5 | Energy Transfer | 69.26 Bn | 62.44 Bn | 7.40 Bn | 5.15 Bn |
| 6 | Tc Energy | 64.74 Bn | 60.82 Bn | 2.81 Bn | 4.40 Bn |
| 7 | Targa Resources | 63.52 Bn | 63.00 Bn | 2.14 Bn | 1.69 Bn |
| 8 | Cheniere Energy | 59.48 Bn | 54.30 Bn | 5.29 Bn | 4.68 Bn |
| 9 | Mplx | 59.26 Bn | 52.82 Bn | 2.91 Bn | 1.75 Bn |
| 10 | Hess Midstream | 4.00 Bn | 3.98 Bn | - | 310.60 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 310.60 Mn |
| Mar 31, 2026 | 299.60 Mn |
| Dec 31, 2025 | 308.80 Mn |
| Sep 30, 2025 | 318.50 Mn |
| Jun 30, 2025 | 315.20 Mn |
| Mar 31, 2025 | 293.80 Mn |
| Dec 31, 2024 | 296.90 Mn |
| Sep 30, 2024 | 285.80 Mn |
| Jun 30, 2024 | 275.10 Mn |
| Mar 31, 2024 | 273.90 Mn |
| Dec 31, 2023 | 262.60 Mn |
| Sep 30, 2023 | 269.80 Mn |
| Jun 30, 2023 | 247.20 Mn |
| Mar 31, 2023 | 238.20 Mn |
| Dec 31, 2022 | 245.00 Mn |
| Sep 30, 2022 | 251.90 Mn |
| Jun 30, 2022 | 242.50 Mn |
| Mar 31, 2022 | 241.90 Mn |
| Dec 31, 2021 | 245.40 Mn |
| Sep 30, 2021 | 202.60 Mn |
API Access
Hess Midstream EBITDA 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=ebitda&ticker=HESM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "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=ebitda&ticker=HESM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();