Hess Midstream HESM
NYSE HESM
$39.91 +0.07 (+0.18%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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