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Hess Midstream (HESM) Operating Expenses (2019 - 2025)

Hess Midstream (HESM) has 7 years of Operating Expenses data on record, last reported at -$90.0 million in Q4 2025.

  • For Q4 2025, Operating Expenses fell 197.09% year-over-year to -$90.0 million; the TTM value through Dec 2025 reached $370.6 million, up 6.71%, while the annual FY2025 figure was $370.6 million, 6.71% up from the prior year.
  • Operating Expenses reached -$90.0 million in Q4 2025 per HESM's latest filing, down from $280.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $280.9 million in Q3 2025 and bottomed at -$90.0 million in Q4 2025.
  • Average Operating Expenses over 5 years is $85.8 million, with a median of $91.0 million recorded in 2023.
  • Peak YoY movement for Operating Expenses: crashed 239.37% in 2022, then surged 1365.32% in 2025.
  • A 5-year view of Operating Expenses shows it stood at -$25.4 million in 2021, then plummeted by 239.37% to -$86.2 million in 2022, then surged by 394.55% to $253.9 million in 2023, then tumbled by 63.49% to $92.7 million in 2024, then tumbled by 197.09% to -$90.0 million in 2025.
  • Per Business Quant database, its latest 3 readings for Operating Expenses were -$90.0 million in Q4 2025, $280.9 million in Q3 2025, and $94.1 million in Q2 2025.