Hess Midstream (HESM) Equity Average (2019 - 2026)
Hess Midstream (HESM) posted Equity Average of $406.3 million for Q1 2026, down 19.57% on a QoQ basis from $505.2 million in Q4 2025, and down 16.92% year-on-year from $489.1 million in Q1 2025.
Hess Midstream (HESM) Equity Average (2019 - 2026) Analysis & Trends
Hess Midstream has disclosed Equity Average across 8 years of filings, most recently posting $406.3 million for Q1 2026.
- Equity Average for Q1 2026 came in at $406.3 million, down 16.92% year-over-year; the trailing twelve-month figure through Mar 2026 was $406.3 million (down 16.92% YoY), and the FY2025 annual result was $451.6 million, up 9.02% from the prior year.
- Equity Average came in at $406.3 million for Q1 2026 at Hess Midstream, down from $505.2 million in the prior quarter.
- Over the last five years, Equity Average for HESM reached as high as $767.4 million in Q1 2022 and fell as low as $372.4 million in Q1 2024.
- Median Equity Average over the past 5 years was $483.8 million (2023), compared with a mean of $487.1 million.
- Year-over-year, Equity Average plunged 54.73% in 2022 and soared 31.32% in 2025.
- Over 5 years, Equity Average stood at $521.4 million in 2022, then retreated by 22.48% to $404.2 million in 2023, then advanced by 12.2% to $453.6 million in 2024, then increased by 11.39% to $505.2 million in 2025, then dropped by 19.57% to $406.3 million in 2026.
- Per Business Quant, the three latest HESM Equity Average figures stand at $406.3 million (Q1 2026), $505.2 million (Q4 2025), and $540.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 47.06 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 31.89 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 30.04 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 41.74 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 3.23 Bn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 14.30 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 22.51 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 246.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 8.73 Bn |
| 10 | Hess Midstream | 4.86 Bn | 4.85 Bn | - | 406.35 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 406.35 Mn |
| Dec 31, 2025 | 505.20 Mn |
| Sep 30, 2025 | 540.05 Mn |
| Jun 30, 2025 | 510.25 Mn |
| Mar 31, 2025 | 489.10 Mn |
| Dec 31, 2024 | 453.55 Mn |
| Sep 30, 2024 | 422.20 Mn |
| Jun 30, 2024 | 392.15 Mn |
| Mar 31, 2024 | 372.45 Mn |
| Dec 31, 2023 | 404.25 Mn |
| Sep 30, 2023 | 440.05 Mn |
| Jun 30, 2023 | 436.65 Mn |
| Mar 31, 2023 | 483.75 Mn |
| Dec 31, 2022 | 521.45 Mn |
| Sep 30, 2022 | 500.70 Mn |
| Jun 30, 2022 | 634.65 Mn |
| Mar 31, 2022 | 767.45 Mn |
| Dec 31, 2021 | 711.10 Mn |
| Sep 30, 2021 | 1.04 Bn |
| Jun 30, 2021 | 1.40 Bn |