Hess Midstream (HESM) EBITDA (2018 - 2026)
Hess Midstream (HESM) posted EBITDA of $296.6 million for Q1 2026, down 3.01% on a QoQ basis from $305.8 million in Q4 2025, and up 2.67% year-on-year from $288.9 million in Q1 2025.
Hess Midstream (HESM) EBITDA (2018 - 2026) Analysis & Trends
Hess Midstream has disclosed EBITDA across 9 years of filings, most recently posting $296.6 million for Q1 2026.
- EBITDA for Q1 2026 came in at $296.6 million, up 2.67% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.2 billion (up 7.96% YoY), and the FY2025 annual result was $1.2 billion, up 8.92% from the prior year.
- EBITDA came in at $296.6 million for Q1 2026 at Hess Midstream, down from $305.8 million in the prior quarter.
- Over the last five years, EBITDA for HESM reached as high as $315.5 million in Q3 2025 and fell as low as $236.1 million in Q1 2023.
- Median EBITDA over the past 5 years was $271.8 million (2024), compared with a mean of $271.9 million.
- Year-over-year, EBITDA increased 24.31% in 2022 and fell 1.58% in 2023.
- Over 5 years, EBITDA 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.
- Per Business Quant, the three latest HESM EBITDA figures stand at $296.6 million (Q1 2026), $305.8 million (Q4 2025), and $315.5 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 2.35 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 1.44 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 1.90 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 2.98 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 1.17 Bn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 1.53 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 1.43 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 534.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 1.40 Bn |
| 10 | Hess Midstream | 4.86 Bn | 4.85 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 |