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 FCF (2019 - 2026)

Hess Midstream (HESM) posted EV to FCF of 18.87 for Q2 2026, down 15.01% on a QoQ basis from 22.2 in Q1 2026, and down 20.13% year-over-year from 23.62 in Q2 2025.

Analysis

Hess Midstream (HESM) EV to FCF (2019 - 2026) Analysis & Trends

Hess Midstream has reported EV to FCF for 8 years, with the latest figure at 18.87 in Q2 2026.

  • On a quarterly basis, EV to FCF fell 20.13% year-over-year to 18.87 in Q2 2026; TTM through Jun 2026 was 5.75, a 23.97% decrease from a year earlier, with the FY2025 full-year figure at 10.0, up 147808.18% from the prior year.
  • EV to FCF was 18.87 for Q2 2026 at Hess Midstream, down from 22.2 in the prior quarter.
  • The five-year high for EV to FCF was 40.72 in Q4 2025, with the low at 0.03 in Q4 2023.
  • Average EV to FCF over 5 years is 16.08, with a median of 13.89 recorded in 2024.
  • The sharpest annual moves came in 2023 and 2025: EV to FCF plunged 100.36% in 2023, then surged 155006.88% in 2025.
  • Over 5 years, EV to FCF stood at 8.16 in 2022, then tumbled by 100.36% to 0.03 in 2023, then grew by 10.29% to 0.03 in 2024, then soared by 155006.88% to 40.72 in 2025, then plunged by 53.66% to 18.87 in 2026.
  • The last three EV to FCF figures came in at 18.87 (Q2 2026), 22.2 (Q1 2026), and 40.72 (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 18.87
Mar 31, 2026 22.20
Dec 31, 2025 40.72
Sep 30, 2025 24.96
Jun 30, 2025 23.62
Mar 31, 2025 31.44
Dec 31, 2024 -0.03
Sep 30, 2024 27.60
Jun 30, 2024 15.56
Mar 31, 2024 22.09
Dec 31, 2023 -0.03
Sep 30, 2023 12.21
Jun 30, 2023 10.78
Mar 31, 2023 9.47
Dec 31, 2022 8.16
Sep 30, 2022 6.64
Jun 30, 2022 7.82
Mar 31, 2022 7.42
Dec 31, 2021 37.79
Sep 30, 2021 6.13