Hess Midstream (HESM) EV to CFO (2019 - 2026)
Hess Midstream's (HESM) EV to CFO came in at 4.48 for Q3 2026, up 3.4% from 4.33 a year earlier but down 1.0% from the prior quarter.
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Analysis
Hess Midstream (HESM) EV to CFO (2019 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, EV to CFO at Hess Midstream was 4.47, up 3.5% year-over-year; for FY2025, it was 7.27, up 60.8% from FY2024.
- In prior years, Hess Midstream's EV to CFO was 4.52 in FY2024 (-30.6%), 6.51 in FY2023 (+251.2%), 1.86 in FY2022 (-80.0%) and 9.26 in FY2021 (+282.9%).
- Quarterly EV to CFO has run from a low of 1.61 in Q3 2022 to a high of 9.26 in Q4 2021 over five years.
- On a year-over-year basis, EV to CFO increased in five of the last eight quarters, with growth averaging 15.8%.
- The strongest year-over-year quarter for EV to CFO in the past five years was Q4 2021, with growth of 282.9%; the weakest was Q4 2022, with a decline of 80.0%.
- According to Business Quant data, EV to CFO for the three prior quarters was 4.53 (Q2 2026), 4.68 (Q1 2026) and 7.27 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enbridge | 106.26 Bn | 104.14 Bn | 4.35 Bn |
| 2 | Williams Companies | 86.41 Bn | 89.20 Bn | 2.59 Bn |
| 3 | Enterprise Products Partners | 82.58 Bn | 80.98 Bn | 14.00 Mn |
| 4 | Kinder Morgan | 71.13 Bn | 71.22 Bn | 2.97 Bn |
| 5 | Tc Energy | 67.40 Bn | 71.05 Bn | - |
| 6 | Energy Transfer | 66.89 Bn | 62.98 Bn | 6.57 Bn |
| 7 | Targa Resources | 63.77 Bn | 62.98 Bn | 2.02 Bn |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn |
| 10 | Hess Midstream | 3.97 Bn | 3.85 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 4.48 |
| Jun 30, 2026 | 4.53 |
| Mar 31, 2026 | 4.68 |
| Dec 31, 2025 | 7.27 |
| Sep 30, 2025 | 4.33 |
| Jun 30, 2025 | 5.11 |
| Mar 31, 2025 | 5.06 |
| Dec 31, 2024 | 4.52 |
| Sep 30, 2024 | 3.84 |
| Jun 30, 2024 | 3.45 |
| Mar 31, 2024 | 3.35 |
| Dec 31, 2023 | 6.51 |
| Sep 30, 2023 | 2.46 |
| Jun 30, 2023 | 2.18 |
| Mar 31, 2023 | 1.71 |
| Dec 31, 2022 | 1.86 |
| Sep 30, 2022 | 1.61 |
| Jun 30, 2022 | 1.81 |
| Mar 31, 2022 | 1.93 |
| Dec 31, 2021 | 9.26 |
API Access
Hess Midstream EV to CFO 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=ev-to-cfo&ticker=HESM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "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=ev-to-cfo&ticker=HESM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();