Hess Midstream (HESM) Free Cash Flow (2019 - 2026)
Hess Midstream (HESM) posted Free Cash Flow of $255.5 million for Q2 2026, up 13.81% on a QoQ basis from $224.5 million in Q1 2026, and up 19.67% year-over-year from $213.5 million in Q2 2025.
Analysis
Hess Midstream (HESM) Free Cash Flow (2019 - 2026) Analysis & Trends
Hess Midstream has reported Free Cash Flow for 8 years, with the latest figure at $255.5 million in Q2 2026.
- On a quarterly basis, Free Cash Flow rose 19.67% year-over-year to $255.5 million in Q2 2026; TTM through Jun 2026 was $837.8 million, a 25.72% increase from a year earlier, with the FY2025 full-year figure at $728.2 million, up 14.82% from the prior year.
- Free Cash Flow was $255.5 million for Q2 2026 at Hess Midstream, up from $224.5 million in the prior quarter.
- The five-year high for Free Cash Flow was $255.5 million in Q2 2026, with the low at $130.5 million in Q1 2024.
- Average Free Cash Flow over 5 years is $172.7 million, with a median of $163.1 million recorded in 2023.
- The largest YoY upside for Free Cash Flow was 47.17% in 2022 against a maximum downside of 20.8% in 2022.
- Over 5 years, Free Cash Flow stood at $161.0 million in 2022, then grew by 14.35% to $184.1 million in 2023, then decreased by 11.24% to $163.4 million in 2024, then climbed by 9.49% to $178.9 million in 2025, then surged by 42.82% to $255.5 million in 2026.
- The last three Free Cash Flow figures came in at $255.5 million (Q2 2026), $224.5 million (Q1 2026), and $178.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 978.00 Mn |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 2.02 Bn |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 2.71 Bn |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 2.66 Bn |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 431.20 Mn |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 877.00 Mn |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 1.44 Bn |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 821.24 Mn |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 1.12 Bn |
| 10 | Hess Midstream | 5.12 Bn | 5.12 Bn | - | 255.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 255.50 Mn |
| Mar 31, 2026 | 224.50 Mn |
| Dec 31, 2025 | 178.90 Mn |
| Sep 30, 2025 | 178.90 Mn |
| Jun 30, 2025 | 213.50 Mn |
| Mar 31, 2025 | 156.90 Mn |
| Dec 31, 2024 | 163.40 Mn |
| Sep 30, 2024 | 132.60 Mn |
| Jun 30, 2024 | 207.70 Mn |
| Mar 31, 2024 | 130.50 Mn |
| Dec 31, 2023 | 184.10 Mn |
| Sep 30, 2023 | 162.80 Mn |
| Jun 30, 2023 | 161.60 Mn |
| Mar 31, 2023 | 134.40 Mn |
| Dec 31, 2022 | 161.00 Mn |
| Sep 30, 2022 | 168.80 Mn |
| Jun 30, 2022 | 157.30 Mn |
| Mar 31, 2022 | 135.80 Mn |
| Dec 31, 2021 | 180.30 Mn |
| Sep 30, 2021 | 114.70 Mn |