Growth Metrics

Hess Midstream (HESM) EBITDA Margin (2018 - 2025)

Hess Midstream has reported EBITDA Margin over the past 8 years, most recently at 75.1% for Q4 2025.

  • Quarterly results put EBITDA Margin at 75.1% for Q4 2025, up 126.0% from a year ago — trailing twelve months through Dec 2025 was 75.34% (up 35.0% YoY), and the annual figure for FY2025 was 75.38%, up 35.0%.
  • EBITDA Margin for Q4 2025 was 75.1% at Hess Midstream, roughly flat from 75.19% in the prior quarter.
  • Over the last five years, EBITDA Margin for HESM hit a ceiling of 77.59% in Q1 2023 and a floor of 66.04% in Q3 2021.
  • Median EBITDA Margin over the past 5 years was 75.54% (2025), compared with a mean of 75.2%.
  • Biggest five-year swings in EBITDA Margin: surged 1339bps in 2021 and later tumbled -428bps in 2023.
  • Hess Midstream's EBITDA Margin stood at 76.95% in 2021, then increased by 1bps to 77.35% in 2022, then dropped by -6bps to 73.07% in 2023, then grew by 1bps to 73.83% in 2024, then increased by 2bps to 75.1% in 2025.
  • The last three reported values for EBITDA Margin were 75.1% (Q4 2025), 75.19% (Q3 2025), and 75.45% (Q2 2025) per Business Quant data.