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| 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 |