Hess Midstream (HESM) EBT Margin (2018 - 2026)
Hess Midstream (HESM) posted EBT Margin of 47.83% for Q1 2026, down 1.74% on a QoQ basis from 48.67% in Q4 2025, and down 57.0% year-on-year from 111.22% in Q1 2025.
Hess Midstream (HESM) EBT Margin (2018 - 2026) Analysis & Trends
Hess Midstream has disclosed EBT Margin across 9 years of filings, most recently posting 47.83% for Q1 2026.
- EBT Margin for Q1 2026 came in at 47.83%, down 57.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 49.06% (up 42.0% YoY), and the FY2025 annual result was 49.24%, up 38.0% from the prior year.
- EBT Margin came in at 47.83% for Q1 2026 at Hess Midstream, down from 48.67% in the prior quarter.
- Over the last five years, EBT Margin for HESM reached as high as 52.74% in Q1 2022 and fell as low as 46.29% in Q4 2023.
- Median EBT Margin over the past 5 years was 48.75% (2023), compared with a mean of 49.14%.
- On a YoY basis, EBT Margin climbed as much as 569 bps in 2022 and fell as far as 541 bps in 2022.
- Over 5 years, EBT Margin stood at 49.95% in 2022, then slipped by 7 bps to 46.29% in 2023, then climbed by 6 bps to 49.18% in 2024, then fell by 1 bps to 48.67% in 2025, then decreased by 2 bps to 47.83% in 2026.
- Per Business Quant, the three latest HESM EBT Margin figures stand at 47.83% (Q1 2026), 48.67% (Q4 2025), and 49.18% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 10.58% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 26.68% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 10.55% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 7.60% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 14.93% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 30.38% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 10.62% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 5.08% |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 16.00% |
| 10 | Hess Midstream | 4.86 Bn | 4.85 Bn | - | 47.83% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 47.83% |
| Dec 31, 2025 | 48.67% |
| Sep 30, 2025 | 49.18% |
| Jun 30, 2025 | 50.50% |
| Mar 31, 2025 | 48.40% |
| Dec 31, 2024 | 49.18% |
| Sep 30, 2024 | 48.62% |
| Jun 30, 2024 | 48.35% |
| Mar 31, 2024 | 49.55% |
| Dec 31, 2023 | 46.29% |
| Sep 30, 2023 | 48.61% |
| Jun 30, 2023 | 48.22% |
| Mar 31, 2023 | 48.75% |
| Dec 31, 2022 | 49.95% |
| Sep 30, 2022 | 49.85% |
| Jun 30, 2022 | 50.77% |
| Mar 31, 2022 | 52.74% |
| Dec 31, 2021 | 53.90% |
| Sep 30, 2021 | 44.16% |
| Jun 30, 2021 | 56.17% |