Hess Midstream (HESM) EV to EBITDA (2018 - 2026)
Hess Midstream (HESM) posted EV to EBITDA of 15.67 for Q2 2026, down 6.74% on a QoQ basis from 16.81 in Q1 2026, and down 3.05% year-over-year from 16.17 in Q2 2025.
Analysis
Hess Midstream (HESM) EV to EBITDA (2018 - 2026) Analysis & Trends
Hess Midstream has reported EV to EBITDA for 9 years, with the latest figure at 15.67 in Q2 2026.
- On a quarterly basis, EV to EBITDA fell 3.05% year-over-year to 15.67 in Q2 2026; TTM through Jun 2026 was 3.93, a 8.09% decrease from a year earlier, with the FY2025 full-year figure at 5.96, up 155810.64% from the prior year.
- EV to EBITDA was 15.67 for Q2 2026 at Hess Midstream, down from 16.81 in the prior quarter.
- The five-year high for EV to EBITDA was 23.82 in Q4 2025, with the low at 0.02 in Q4 2023.
- Average EV to EBITDA over 5 years is 9.9, with a median of 9.02 recorded in 2023.
- The sharpest annual moves came in 2023 and 2025: EV to EBITDA tumbled 100.38% in 2023, then soared 163323.16% in 2025.
- Over 5 years, EV to EBITDA stood at 5.41 in 2022, then slumped by 100.38% to 0.02 in 2023, then increased by 29.52% to 0.01 in 2024, then jumped by 163323.16% to 23.82 in 2025, then sank by 34.21% to 15.67 in 2026.
- The last three EV to EBITDA figures came in at 15.67 (Q2 2026), 16.81 (Q1 2026), and 23.82 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn |
| 10 | Hess Midstream | 5.12 Bn | 5.12 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.67 |
| Mar 31, 2026 | 16.81 |
| Dec 31, 2025 | 23.82 |
| Sep 30, 2025 | 14.15 |
| Jun 30, 2025 | 16.17 |
| Mar 31, 2025 | 17.07 |
| Dec 31, 2024 | -0.01 |
| Sep 30, 2024 | 12.92 |
| Jun 30, 2024 | 11.85 |
| Mar 31, 2024 | 10.61 |
| Dec 31, 2023 | -0.02 |
| Sep 30, 2023 | 7.43 |
| Jun 30, 2023 | 7.10 |
| Mar 31, 2023 | 5.39 |
| Dec 31, 2022 | 5.41 |
| Sep 30, 2022 | 4.49 |
| Jun 30, 2022 | 5.12 |
| Mar 31, 2022 | 4.20 |
| Dec 31, 2021 | 28.00 |
| Sep 30, 2021 | 3.50 |