Hess Midstream (HESM) Net Margin (2018 - 2026)

Hess Midstream's Net Margin history runs 9 years deep, the most recent figure standing at 40.57% for Q1 2026.

• In Q1 2026, Net Margin fell 179.0% year-over-year to 40.57%; the TTM figure through Mar 2026 stood at 48.73% (up 148.0% YoY), while the FY2025 annual figure was 49.23%, up 120.0% from the prior year.
• Net Margin was 40.57% for Q1 2026 at Hess Midstream, down from 69.16% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 69.16% in Q4 2025 to a low of 40.57% in Q1 2026.
• Historically, Net Margin has averaged 47.82% across 5 years, with a median of 45.53% in 2024.
• The sharpest annual moves came in 2023 and 2024: Net Margin tumbled 1322 bps in 2023, then surged 1550 bps in 2024.
• A 5-year view of Net Margin shows it stood at 56.16% in 2022, then retreated by 24 bps to 42.95% in 2023, then surged by 36 bps to 58.45% in 2024, then climbed by 18 bps to 69.16% in 2025, then slumped by 41 bps to 40.57% in 2026.
• The last three Net Margin figures came in at 40.57% (Q1 2026), 69.16% (Q4 2025), and 41.7% (Q3 2025), per Business Quant data.