Hess Midstream (HESM) Free Cash Flow (2019 - 2026)

Hess Midstream (HESM) recorded quarterly Free Cash Flow of $224.5 million in Q1 2026, up 25.49% quarter-over-quarter from $178.9 million in Q4 2025, and up 43.08% on a YoY basis from $156.9 million in Q1 2025.

Hess Midstream (HESM) Free Cash Flow (2019 - 2026) Analysis & Trends

Hess Midstream's Free Cash Flow history runs 8 years deep, the most recent figure standing at $224.5 million for Q1 2026.

  • In Q1 2026, Free Cash Flow rose 43.08% year-over-year to $224.5 million; the TTM figure through Mar 2026 stood at $795.8 million (up 20.47% YoY), while the FY2025 annual figure was $728.2 million, up 14.82% from the prior year.
  • Free Cash Flow was $224.5 million for Q1 2026 at Hess Midstream, up from $178.9 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $224.5 million in Q1 2026 to a low of $130.5 million in Q1 2024.
  • Historically, Free Cash Flow has averaged $167.8 million across 5 years, with a median of $162.8 million in 2023.
  • Biggest YoY gain for Free Cash Flow was 47.17% in 2022; the steepest drop was 20.8% in 2022.
  • A 5-year view of Free Cash Flow shows it stood at $161.0 million in 2022, then climbed by 14.35% to $184.1 million in 2023, then retreated by 11.24% to $163.4 million in 2024, then advanced by 9.49% to $178.9 million in 2025, then advanced by 25.49% to $224.5 million in 2026.
  • The last three Free Cash Flow figures came in at $224.5 million (Q1 2026), $178.9 million (Q4 2025), and $178.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Enbridge 88.33 Bn 89.03 Bn 6.70 Bn -70.73 Mn
2 Enterprise Products Partners 80.83 Bn 79.68 Bn - 486.00 Mn
3 Kinder Morgan 69.66 Bn 70.75 Bn 3.08 Bn 1.36 Bn
4 Energy Transfer 65.60 Bn 64.88 Bn 6.62 Bn 1.46 Bn
5 Scorpio Tankers 59.17 Bn 58.19 Bn - -
6 Mplx 57.43 Bn 55.92 Bn 2.54 Bn 772.00 Mn
7 Targa Resources 56.68 Bn 56.71 Bn 1.70 Bn -160.00 Mn
8 Oneok 55.34 Bn 55.21 Bn 2.57 Bn 70.00 Mn
9 Tc Energy 50.79 Bn 51.99 Bn 2.95 Bn 392.96 Mn
10 Hess Midstream 4.98 Bn 4.97 Bn - 224.50 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 224.50 Mn
Mar 31, 2026 224.50 Mn
Dec 31, 2025 178.90 Mn
Dec 31, 2025 178.90 Mn
Sep 30, 2025 178.90 Mn
Sep 30, 2025 178.90 Mn
Jun 30, 2025 213.50 Mn
Jun 30, 2025 213.50 Mn
Mar 31, 2025 156.90 Mn
Mar 31, 2025 156.90 Mn
Dec 31, 2024 163.40 Mn
Dec 31, 2024 163.40 Mn
Sep 30, 2024 132.60 Mn
Sep 30, 2024 132.60 Mn
Jun 30, 2024 207.70 Mn
Jun 30, 2024 207.70 Mn
Mar 31, 2024 130.50 Mn
Mar 31, 2024 130.50 Mn
Dec 31, 2023 184.10 Mn
Dec 31, 2023 184.10 Mn