Hess Midstream (HESM) FCF Margin (2019 - 2026)
Hess Midstream (HESM) posted quarterly FCF Margin of 57.55% for Q1 2026, up 1648.0% year-over-year from 3.29% in Q1 2025, and up 30.99% quarter-over-quarter from 43.93% in Q4 2025.
Hess Midstream (HESM) FCF Margin (2019 - 2026) Analysis & Trends
Hess Midstream's FCF Margin history runs 8 years deep, the most recent figure standing at 57.55% for Q1 2026.
- In Q1 2026, FCF Margin rose 1648.0% year-over-year to 57.55%; the TTM figure through Mar 2026 stood at 48.77% (up 536.0% YoY), while the FY2025 annual figure was 44.91%, up 251.0% from the prior year.
- FCF Margin for Q1 2026 stood at 57.55%, up from 43.93% in the prior quarter.
- The five-year high for FCF Margin was 57.55% in Q1 2026, with the low at 35.03% in Q3 2024.
- The 5-year median for FCF Margin is 44.84% (2023), against an average of 46.6%.
- The sharpest annual moves came in 2022 and 2026: FCF Margin plunged 1718 bps in 2022, then jumped 1648 bps in 2026.
- Hess Midstream's FCF Margin stood at 50.97% in 2022, then rose by 2 bps to 51.74% in 2023, then decreased by 20 bps to 41.27% in 2024, then gained by 6 bps to 43.93% in 2025, then soared by 31 bps to 57.55% in 2026.
- Business Quant data shows HESM's FCF Margin at 57.55% in Q1 2026, 43.93% in Q4 2025, and 42.5% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 21.84% |
| 2 | Enbridge | 110.90 Bn | 109.41 Bn | 5.23 Bn | 3.87% |
| 3 | Enterprise Products Partners | 83.47 Bn | 82.57 Bn | - | 11.07% |
| 4 | Energy Transfer | 72.69 Bn | 71.66 Bn | 7.40 Bn | 7.88% |
| 5 | Tc Energy | 65.95 Bn | 58.39 Bn | 1.24 Bn | 146.27% |
| 6 | Oneok | 60.15 Bn | 59.99 Bn | 2.81 Bn | 11.95% |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | 26.48% |
| 8 | Targa Resources | 59.51 Bn | 59.37 Bn | 2.14 Bn | 9.71% |
| 9 | Cheniere Energy | 56.09 Bn | 54.84 Bn | 5.29 Bn | 6.94% |
| 10 | Hess Midstream | 5.10 Bn | 5.09 Bn | - | 64.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 64.04% |
| Mar 31, 2026 | 57.55% |
| Dec 31, 2025 | 43.93% |
| Sep 30, 2025 | 42.50% |
| Jun 30, 2025 | 51.63% |
| Mar 31, 2025 | 41.07% |
| Dec 31, 2024 | 41.27% |
| Sep 30, 2024 | 35.03% |
| Jun 30, 2024 | 56.83% |
| Mar 31, 2024 | 36.79% |
| Dec 31, 2023 | 51.74% |
| Sep 30, 2023 | 44.84% |
| Jun 30, 2023 | 49.95% |
| Mar 31, 2023 | 44.07% |
| Dec 31, 2022 | 50.97% |
| Sep 30, 2022 | 50.42% |
| Jun 30, 2022 | 50.19% |
| Mar 31, 2022 | 43.47% |
| Dec 31, 2021 | 57.00% |
| Sep 30, 2021 | 37.74% |