Hess Midstream (HESM) EBITDA (2019 - 2026)
Hess Midstream's EBITDA came in at $320.6 million for Q3 2026, up 2.6% from $312.5 million a year earlier and up 3.2% from the prior quarter.
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Analysis
Hess Midstream (HESM) EBITDA (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Hess Midstream reported EBITDA of $1.24 billion, up 2.3% year-over-year; for FY2025, it was $1.24 billion, up 9.2% 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 $1.13 billion in FY2024 (+11.2%), $1.02 billion in FY2023 (+3.7%), $981.3 million in FY2022 (+9.0%) and $900.1 million in FY2021 (+21.7%).
- The Q3 2026 figure represents the highest quarterly EBITDA in data going back to Q1 2019.
- Year-over-year, EBITDA has increased for 14 consecutive quarters, with growth averaging 6.9% over the last eight quarters.
- The fastest year-over-year change in EBITDA over five years came in Q4 2021 (growth of 25.1%), and the weakest in Q1 2023 (a decline of 1.5%).
- Business Quant data shows HESM's EBITDA at $310.6 million (Q2 2026), $299.6 million (Q1 2026) and $308.8 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 106.26 Bn | 104.14 Bn | 4.35 Bn | 2.59 Bn |
| 2 | Williams Companies | 86.41 Bn | 89.20 Bn | 2.59 Bn | 1.76 Bn |
| 3 | Enterprise Products Partners | 82.58 Bn | 80.98 Bn | 14.00 Mn | 2.63 Bn |
| 4 | Kinder Morgan | 71.13 Bn | 71.22 Bn | 2.97 Bn | 1.79 Bn |
| 5 | Tc Energy | 67.40 Bn | 71.05 Bn | - | 2.26 Bn |
| 6 | Energy Transfer | 66.89 Bn | 62.98 Bn | 6.57 Bn | 4.38 Bn |
| 7 | Targa Resources | 63.77 Bn | 62.98 Bn | 2.02 Bn | 1.56 Bn |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn | 2.31 Bn |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn | 1.86 Bn |
| 10 | Hess Midstream | 3.97 Bn | 3.85 Bn | - | 320.60 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 320.60 Mn |
| Jun 30, 2026 | 310.60 Mn |
| Mar 31, 2026 | 299.60 Mn |
| Dec 31, 2025 | 308.80 Mn |
| Sep 30, 2025 | 312.50 Mn |
| Jun 30, 2025 | 308.80 Mn |
| Mar 31, 2025 | 293.80 Mn |
| Dec 31, 2024 | 296.90 Mn |
| Sep 30, 2024 | 280.60 Mn |
| Jun 30, 2024 | 270.50 Mn |
| Mar 31, 2024 | 273.90 Mn |
| Dec 31, 2023 | 262.60 Mn |
| Sep 30, 2023 | 265.60 Mn |
| Jun 30, 2023 | 243.00 Mn |
| Mar 31, 2023 | 238.20 Mn |
| Dec 31, 2022 | 245.00 Mn |
| Sep 30, 2022 | 247.10 Mn |
| Jun 30, 2022 | 238.10 Mn |
| Mar 31, 2022 | 241.90 Mn |
| Dec 31, 2021 | 245.40 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();