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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |