Hess Midstream (HESM) EBT Margin (2018 - 2026)
Hess Midstream (HESM) recorded quarterly EBT Margin of 47.83% in Q1 2026, down 1.74% quarter-over-quarter from 48.67% in Q4 2025, and down 57.0% on a YoY basis from 111.22% in Q1 2025.
Hess Midstream (HESM) EBT Margin (2018 - 2026) Analysis & Trends
Hess Midstream's EBT Margin history runs 9 years deep, the most recent figure standing at 47.83% for Q1 2026.
- In Q1 2026, EBT Margin fell 57.0% year-over-year to 47.83%; the TTM figure through Mar 2026 stood at 49.06% (up 42.0% YoY), while the FY2025 annual figure was 49.24%, up 38.0% from the prior year.
- EBT Margin was 47.83% for Q1 2026 at Hess Midstream, down from 48.67% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 52.74% in Q1 2022 to a low of 46.29% in Q4 2023.
- Historically, EBT Margin has averaged 49.14% across 5 years, with a median of 48.75% in 2023.
- Biggest YoY gain for EBT Margin was 569 bps in 2022; the steepest drop was 541 bps in 2022.
- A 5-year view of EBT Margin shows it 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.
- The last three EBT Margin figures came in at 47.83% (Q1 2026), 48.67% (Q4 2025), and 49.18% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 10.58% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 10.55% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 26.68% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 7.60% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 30.38% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 14.93% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 10.62% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 34.17% |
| 10 | Hess Midstream | 4.98 Bn | 4.97 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% |