Hess Midstream (HESM) EBT Margin (2018 - 2026)
Hess Midstream (HESM) recorded EBT Margin of 51.33% in Q2 2026, up 0.92 percentage points from 50.41% a year earlier and up 3.67 percentage points from the prior quarter.
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Analysis
Hess Midstream (HESM) EBT Margin (2018 - 2026) Analysis & Trends
On a TTM basis, Hess Midstream's EBT Margin came in at 49.31% as of Jun 30, 2026, up 0.18 percentage points year-over-year; for FY2025, it came in at 49.24%, up 0.38 percentage points from FY2024.
- Annual EBT Margin has a five-year change of +4.17 percentage points (FY2020 to FY2025).
- Across earlier years, EBT Margin came in at 48.87% in FY2024 (+0.99 pp), 47.87% in FY2023 (-2.88 pp), 50.75% in FY2022 (-1.78 pp) and 52.53% in FY2021 (+7.46 pp).
- The Q2 2026 figure is the highest quarterly EBT Margin since Q1 2022.
- On a year-over-year basis, EBT Margin rose in four of the last eight quarters, with an average year-over-year change of +0.59 percentage points.
- Peak year-over-year performance for EBT Margin in the last five years was a gain of 5.69 percentage points in Q3 2022, against a drop of 5.47 percentage points in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 47.65% (Q1 2026), 49.04% (Q4 2025) and 49.18% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 6.86% |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | 10.22% |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 7.93% |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 26.04% |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | 36.72% |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 22.63% |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 32.88% |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 10.51% |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 69.92% |
| 10 | Hess Midstream | 4.94 Bn | 4.92 Bn | - | 51.33% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.33% |
| Mar 31, 2026 | 47.65% |
| Dec 31, 2025 | 49.04% |
| Sep 30, 2025 | 49.18% |
| Jun 30, 2025 | 50.41% |
| Mar 31, 2025 | 48.27% |
| Dec 31, 2024 | 49.18% |
| Sep 30, 2024 | 48.51% |
| Jun 30, 2024 | 48.24% |
| Mar 31, 2024 | 49.55% |
| Dec 31, 2023 | 46.20% |
| Sep 30, 2023 | 48.53% |
| Jun 30, 2023 | 48.15% |
| Mar 31, 2023 | 48.75% |
| Dec 31, 2022 | 49.84% |
| Sep 30, 2022 | 49.85% |
| Jun 30, 2022 | 50.70% |
| Mar 31, 2022 | 52.69% |
| Dec 31, 2021 | 53.90% |
| Sep 30, 2021 | 44.16% |
API Access
Hess Midstream EBT Margin 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=ebt-margin&ticker=HESM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "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=ebt-margin&ticker=HESM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();