Hess Midstream (HESM) Free Cash Flow (2019 - 2026)
Hess Midstream (HESM) posted Free Cash Flow of $224.5 million for Q1 2026, up 25.49% on a QoQ basis from $178.9 million in Q4 2025, and up 43.08% year-on-year from $156.9 million in Q1 2025.
Hess Midstream (HESM) Free Cash Flow (2019 - 2026) Analysis & Trends
Hess Midstream has disclosed Free Cash Flow across 8 years of filings, most recently posting $224.5 million for Q1 2026.
- Free Cash Flow for Q1 2026 came in at $224.5 million, up 43.08% year-over-year; the trailing twelve-month figure through Mar 2026 was $795.8 million (up 20.47% YoY), and the FY2025 annual result was $728.2 million, up 14.82% from the prior year.
- Free Cash Flow came in at $224.5 million for Q1 2026 at Hess Midstream, up from $178.9 million in the prior quarter.
- Over the last five years, Free Cash Flow for HESM reached as high as $224.5 million in Q1 2026 and fell as low as $130.5 million in Q1 2024.
- Median Free Cash Flow over the past 5 years was $162.8 million (2023), compared with a mean of $167.8 million.
- On a YoY basis, Free Cash Flow climbed as much as 47.17% in 2022 and fell as far as 20.8% in 2022.
- Over 5 years, Free Cash Flow 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.
- Per Business Quant, the three latest HESM Free Cash Flow figures stand at $224.5 million (Q1 2026), $178.9 million (Q4 2025), and $178.9 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | -70.73 Mn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 1.36 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 486.00 Mn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 1.46 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | -160.00 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 772.00 Mn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 70.00 Mn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 879.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | -2.42 Bn |
| 10 | Hess Midstream | 4.86 Bn | 4.85 Bn | - | 224.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |