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

Hess Midstream has reported Net Margin for 9 years, with the latest figure at 43.53% in Q2 2026.

• On a quarterly basis, Net Margin rose 15.0% year-over-year to 43.53% in Q2 2026; TTM through Jun 2026 was 38.47%, a 469.0% decrease from a year earlier, with the FY2025 full-year figure at 38.9%, down 516.0% from the prior year.
• Net Margin was 43.53% for Q2 2026 at Hess Midstream, up from 40.43% in the prior quarter.
• The five-year high for Net Margin was 51.09% in Q1 2022, with the low at 28.23% in Q4 2025.
• Average Net Margin over 5 years is 43.95%, with a median of 43.7% recorded in 2024.
• The sharpest annual moves came in 2022 and 2025: Net Margin surged 447 bps in 2022, then plunged 1524 bps in 2025.
• Over 5 years, Net Margin stood at 47.62% in 2022, then retreated by 10 bps to 42.86% in 2023, then grew by 1 bps to 43.47% in 2024, then plunged by 35 bps to 28.23% in 2025, then jumped by 54 bps to 43.53% in 2026.
• The last three Net Margin figures came in at 43.53% (Q2 2026), 40.43% (Q1 2026), and 28.23% (Q4 2025), per Business Quant data.