Hess Midstream (HESM) EV to FCF (2019 - 2026)
Hess Midstream's (HESM) EV to FCF came in at 5.20 for Q3 2026, down 14.2% from 6.06 a year earlier and down 7.2% from the prior quarter.
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Analysis
Hess Midstream (HESM) EV to FCF (2019 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, EV to FCF at Hess Midstream was 5.19, down 14.1% year-over-year; for FY2025, it was 9.82, up 46.5% from FY2024.
- In prior years, Hess Midstream's EV to FCF was 6.71 in FY2024 (-23.6%), 8.78 in FY2023 (+242.4%), 2.56 in FY2022 (-78.0%) and 11.64 in FY2021 (+155.7%).
- The Q3 2026 figure stands as the lowest quarterly EV to FCF since Q2 2024.
- On a year-over-year basis, EV to FCF has declined in each of the last three quarters, with growth averaging 18.4% over the last eight quarters.
- The strongest year-over-year quarter for EV to FCF in the past five years was Q4 2023, with growth of 258.4%; the weakest was Q4 2022, with a decline of 79.0%.
- According to Business Quant data, EV to FCF for the three prior quarters was 5.60 (Q2 2026), 6.08 (Q1 2026) and 9.82 (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 | 5.20 |
| Jun 30, 2026 | 5.60 |
| Mar 31, 2026 | 6.08 |
| Dec 31, 2025 | 9.82 |
| Sep 30, 2025 | 6.06 |
| Jun 30, 2025 | 7.38 |
| Mar 31, 2025 | 7.33 |
| Dec 31, 2024 | 6.71 |
| Sep 30, 2024 | 5.45 |
| Jun 30, 2024 | 4.31 |
| Mar 31, 2024 | 3.93 |
| Dec 31, 2023 | 7.71 |
| Sep 30, 2023 | 2.92 |
| Jun 30, 2023 | 2.57 |
| Mar 31, 2023 | 2.00 |
| Dec 31, 2022 | 2.15 |
| Sep 30, 2022 | 1.82 |
| Jun 30, 2022 | 2.09 |
| Mar 31, 2022 | 2.22 |
| Dec 31, 2021 | 10.27 |
API Access
Hess Midstream EV to FCF 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-fcf&ticker=HESM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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-fcf&ticker=HESM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();