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Hess Midstream (HESM) Operating Expenses (2019 - 2026)

Hess Midstream has reported Operating Expenses over the past 7 years, most recently at $335.4 million for Q4 2025.

  • For Q4 2025, Operating Expenses rose 119.36% year-over-year to $335.4 million; the TTM value through Dec 2025 reached $613.2 million, up 18.22%, while the annual FY2025 figure was $613.2 million, 6.37% up from the prior year.
  • Operating Expenses for Q4 2025 was $335.4 million at Hess Midstream, up from $98.1 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $335.4 million in Q4 2025 and troughed at -$71.9 million in Q4 2021.
  • A 5-year average of $114.7 million and a median of $98.1 million in 2021 define the central range for Operating Expenses.
  • Biggest five-year swings in Operating Expenses: crashed 207.96% in 2021 and later surged 366.82% in 2023.
  • Year by year, Operating Expenses stood at -$71.9 million in 2021, then skyrocketed by 191.38% to $65.7 million in 2022, then skyrocketed by 366.82% to $306.7 million in 2023, then plummeted by 50.15% to $152.9 million in 2024, then surged by 119.36% to $335.4 million in 2025.
  • Business Quant data shows Operating Expenses for HESM at $335.4 million in Q4 2025, $98.1 million in Q3 2025, and $94.1 million in Q2 2025.