Hess Midstream (HESM) Equity Ratio (2018 - 2026)

Hess Midstream (HESM) posted Equity Ratio of 0.09 for Q1 2026, down 13.0% on a QoQ basis from 0.1 in Q4 2025, and down 27.83% year-on-year from 0.12 in Q1 2025.

Hess Midstream (HESM) Equity Ratio (2018 - 2026) Analysis & Trends

Hess Midstream has disclosed Equity Ratio across 9 years of filings, most recently posting 0.09 for Q1 2026.

  • Equity Ratio for Q1 2026 came in at 0.09, down 27.83% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.09 (down 27.83% YoY), and the FY2025 annual result was 0.1, down 10.98% from the prior year.
  • Equity Ratio came in at 0.09 for Q1 2026 at Hess Midstream, down from 0.1 in the prior quarter.
  • Over the last five years, Equity Ratio for HESM reached as high as 0.22 in Q1 2022 and fell as low as 0.09 in Q1 2026.
  • Median Equity Ratio over the past 5 years was 0.12 (2023), compared with a mean of 0.12.
  • Year-over-year, Equity Ratio slumped 67.66% in 2022 and grew 21.74% in 2025.
  • Over 5 years, Equity Ratio stood at 0.15 in 2022, then plunged by 34.99% to 0.1 in 2023, then advanced by 16.95% to 0.11 in 2024, then decreased by 10.98% to 0.1 in 2025, then retreated by 13.0% to 0.09 in 2026.
  • Per Business Quant, the three latest HESM Equity Ratio figures stand at 0.09 (Q1 2026), 0.1 (Q4 2025), and 0.13 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 0.28
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 0.43
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 0.38
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 0.23
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 0.12
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 0.33
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 0.33
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 0.00
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 0.19
10 Hess Midstream 4.86 Bn 4.85 Bn - 0.09

Historic Data

Download Data
DateValue
Mar 31, 2026 0.09
Dec 31, 2025 0.10
Sep 30, 2025 0.13
Jun 30, 2025 0.11
Mar 31, 2025 0.12
Dec 31, 2024 0.11
Sep 30, 2024 0.11
Jun 30, 2024 0.10
Mar 31, 2024 0.10
Dec 31, 2023 0.10
Sep 30, 2023 0.12
Jun 30, 2023 0.12
Mar 31, 2023 0.12
Dec 31, 2022 0.15
Sep 30, 2022 0.14
Jun 30, 2022 0.14
Mar 31, 2022 0.22
Dec 31, 2021 0.22
Sep 30, 2021 0.19
Jun 30, 2021 0.42