Hess Midstream HESM
NYSE HESM
$39.91 +0.07 (+0.18%)
At close: Sep 4, 2026 · 4:00 PM EDT

Hess Midstream (HESM) EBITDA Margin (2018 - 2026)

Hess Midstream (HESM) posted EBITDA Margin of 77.09% for Q2 2026, up 1.4% on a QoQ basis from 76.03% in Q1 2026, and up 177.0% year-over-year from 27.83% in Q2 2025.

Analysis

Hess Midstream (HESM) EBITDA Margin (2018 - 2026) Analysis & Trends

Hess Midstream has reported EBITDA Margin for 9 years, with the latest figure at 77.09% in Q2 2026.

  • On a quarterly basis, EBITDA Margin rose 177.0% year-over-year to 77.09% in Q2 2026; TTM through Jun 2026 was 75.92%, a 89.0% increase from a year earlier, with the FY2025 full-year figure at 75.38%, up 35.0% from the prior year.
  • EBITDA Margin was 77.09% for Q2 2026 at Hess Midstream, up from 76.03% in the prior quarter.
  • The five-year high for EBITDA Margin was 77.41% in Q1 2023, with the low at 73.07% in Q4 2023.
  • Average EBITDA Margin over 5 years is 75.55%, with a median of 75.64% recorded in 2025.
  • The sharpest annual moves came in 2022 and 2023: EBITDA Margin jumped 848 bps in 2022, then tumbled 411 bps in 2023.
  • Over 5 years, EBITDA Margin stood at 77.18% in 2022, then slipped by 5 bps to 73.07% in 2023, then climbed by 2 bps to 74.34% in 2024, then rose by 2 bps to 75.66% in 2025, then increased by 2 bps to 77.09% in 2026.
  • The last three EBITDA Margin figures came in at 77.09% (Q2 2026), 76.03% (Q1 2026), and 75.66% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA Margin (Qtr)
1 Kinder Morgan 111.69 Bn 112.81 Bn 3.07 Bn 30.06%
2 Enterprise Products Partners 84.07 Bn 83.21 Bn - 12.31%
3 Energy Transfer 74.03 Bn 73.00 Bn 7.40 Bn 10.41%
4 Tc Energy 65.16 Bn 64.62 Bn 1.80 Bn 58.43%
5 Targa Resources 62.18 Bn 62.19 Bn 2.14 Bn 35.71%
6 Mplx 60.51 Bn 59.48 Bn 2.73 Bn 51.27%
7 Oneok 60.16 Bn 60.09 Bn 2.81 Bn 13.22%
8 Enbridge 54.38 Bn 54.88 Bn 5.23 Bn 9.93%
9 Pembina Pipeline 28.12 Bn 27.76 Bn 933.00 Mn 37.45%
10 Hess Midstream 5.12 Bn 5.12 Bn - 77.09%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 77.09%
Mar 31, 2026 76.03%
Dec 31, 2025 75.66%
Sep 30, 2025 74.96%
Jun 30, 2025 75.33%
Mar 31, 2025 75.63%
Dec 31, 2024 74.34%
Sep 30, 2024 74.82%
Jun 30, 2024 74.64%
Mar 31, 2024 76.43%
Dec 31, 2023 73.07%
Sep 30, 2023 73.73%
Jun 30, 2023 75.65%
Mar 31, 2023 77.41%
Dec 31, 2022 77.18%
Sep 30, 2022 74.52%
Jun 30, 2022 76.68%
Mar 31, 2022 76.79%
Dec 31, 2021 76.95%
Sep 30, 2021 66.04%