Hess Midstream (HESM) EBITDA (2018 - 2026)
Hess Midstream (HESM) recorded quarterly EBITDA of $296.6 million in Q1 2026, down 3.01% quarter-over-quarter from $305.8 million in Q4 2025, and up 2.67% on a YoY basis from $288.9 million in Q1 2025.
Hess Midstream (HESM) EBITDA (2018 - 2026) Analysis & Trends
Hess Midstream's EBITDA history runs 9 years deep, the most recent figure standing at $296.6 million for Q1 2026.
- In Q1 2026, EBITDA rose 2.67% year-over-year to $296.6 million; the TTM figure through Mar 2026 stood at $1.2 billion (up 7.96% YoY), while the FY2025 annual figure was $1.2 billion, up 8.92% from the prior year.
- EBITDA was $296.6 million for Q1 2026 at Hess Midstream, down from $305.8 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $315.5 million in Q3 2025 to a low of $236.1 million in Q1 2023.
- Historically, EBITDA has averaged $271.9 million across 5 years, with a median of $271.8 million in 2024.
- The sharpest annual moves came in 2022 and 2023: EBITDA grew 24.31% in 2022, then declined 1.58% in 2023.
- A 5-year view of EBITDA shows it stood at $242.8 million in 2022, then climbed by 7.29% to $260.5 million in 2023, then climbed by 12.98% to $294.3 million in 2024, then rose by 3.91% to $305.8 million in 2025, then dropped by 3.01% to $296.6 million in 2026.
- The last three EBITDA figures came in at $296.6 million (Q1 2026), $305.8 million (Q4 2025), and $315.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.15 Bn | 88.85 Bn | 6.70 Bn | 2.35 Bn |
| 2 | Enterprise Products Partners | 81.41 Bn | 80.26 Bn | - | 1.90 Bn |
| 3 | Kinder Morgan | 69.70 Bn | 70.78 Bn | 3.08 Bn | 1.44 Bn |
| 4 | Energy Transfer | 66.51 Bn | 65.79 Bn | 6.62 Bn | 2.98 Bn |
| 5 | Scorpio Tankers | 59.31 Bn | 58.33 Bn | - | 214.13 Mn |
| 6 | Mplx | 57.21 Bn | 55.70 Bn | 2.54 Bn | 1.53 Bn |
| 7 | Targa Resources | 56.78 Bn | 56.82 Bn | 1.70 Bn | 1.17 Bn |
| 8 | Oneok | 55.57 Bn | 55.44 Bn | 2.57 Bn | 1.43 Bn |
| 9 | Tc Energy | 50.90 Bn | 52.09 Bn | 2.95 Bn | 2.03 Bn |
| 10 | Hess Midstream | 5.02 Bn | 5.01 Bn | - | 296.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 296.60 Mn |
| Dec 31, 2025 | 305.80 Mn |
| Sep 30, 2025 | 315.50 Mn |
| Jun 30, 2025 | 312.00 Mn |
| Mar 31, 2025 | 288.90 Mn |
| Dec 31, 2024 | 294.30 Mn |
| Sep 30, 2024 | 283.20 Mn |
| Jun 30, 2024 | 272.80 Mn |
| Mar 31, 2024 | 271.80 Mn |
| Dec 31, 2023 | 260.50 Mn |
| Sep 30, 2023 | 267.70 Mn |
| Jun 30, 2023 | 245.10 Mn |
| Mar 31, 2023 | 236.10 Mn |
| Dec 31, 2022 | 242.80 Mn |
| Sep 30, 2022 | 249.50 Mn |
| Jun 30, 2022 | 240.30 Mn |
| Mar 31, 2022 | 239.90 Mn |
| Dec 31, 2021 | 243.40 Mn |
| Sep 30, 2021 | 200.70 Mn |
| Jun 30, 2021 | 226.00 Mn |