Hess Midstream (HESM) FCF Margin (2019 - 2026)
Hess Midstream (HESM) posted FCF Margin of 64.04% for Q2 2026, up 11.27% on a QoQ basis from 57.55% in Q1 2026, and up 1249.0% year-over-year from 4.75% in Q2 2025.
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Hess Midstream (HESM) FCF Margin (2019 - 2026) Analysis & Trends
Hess Midstream has reported FCF Margin for 8 years, with the latest figure at 64.04% in Q2 2026.
- On a quarterly basis, FCF Margin rose 1249.0% year-over-year to 64.04% in Q2 2026; TTM through Jun 2026 was 51.9%, a 947.0% increase from a year earlier, with the FY2025 full-year figure at 44.91%, up 251.0% from the prior year.
- FCF Margin was 64.04% for Q2 2026 at Hess Midstream, up from 57.55% in the prior quarter.
- The five-year high for FCF Margin was 64.04% in Q2 2026, with the low at 35.03% in Q3 2024.
- Average FCF Margin over 5 years is 47.58%, with a median of 47.36% recorded in 2023.
- The sharpest annual moves came in 2022 and 2026: FCF Margin plunged 1718 bps in 2022, then soared 1648 bps in 2026.
- Over 5 years, FCF Margin stood at 51.18% in 2022, then advanced by 1 bps to 51.64% in 2023, then slipped by 20 bps to 41.27% in 2024, then climbed by 7 bps to 44.26% in 2025, then surged by 45 bps to 64.04% in 2026.
- The last three FCF Margin figures came in at 64.04% (Q2 2026), 57.55% (Q1 2026), and 44.26% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 21.84% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 11.07% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 7.88% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 92.82% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 9.71% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 26.48% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 11.95% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 3.87% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 51.81% |
| 10 | Hess Midstream | 5.12 Bn | 5.12 Bn | - | 64.04% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 64.04% |
| Mar 31, 2026 | 57.55% |
| Dec 31, 2025 | 44.26% |
| Sep 30, 2025 | 42.50% |
| Jun 30, 2025 | 51.55% |
| Mar 31, 2025 | 41.07% |
| Dec 31, 2024 | 41.27% |
| Sep 30, 2024 | 35.03% |
| Jun 30, 2024 | 56.83% |
| Mar 31, 2024 | 36.70% |
| Dec 31, 2023 | 51.64% |
| Sep 30, 2023 | 44.84% |
| Jun 30, 2023 | 49.88% |
| Mar 31, 2023 | 44.07% |
| Dec 31, 2022 | 51.18% |
| 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% |