Hess Midstream (HESM) Operating Income (2018 - 2026)

Hess Midstream (HESM) posted Operating Income of $238.1 million for Q1 2026, down 5.37% on a QoQ basis from $251.6 million in Q4 2025, and little changed year-on-year from $237.4 million in Q1 2025.

Hess Midstream (HESM) Operating Income (2018 - 2026) Analysis & Trends

Hess Midstream has disclosed Operating Income across 9 years of filings, most recently posting $238.1 million for Q1 2026.

  • Operating Income for Q1 2026 came in at $238.1 million, changed 0.29% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.0 billion (up 7.96% YoY), and the FY2025 annual result was $1.0 billion, up 9.7% from the prior year.
  • Operating Income came in at $238.1 million for Q1 2026 at Hess Midstream, down from $251.6 million in the prior quarter.
  • Over the last five years, Operating Income for HESM reached as high as $260.2 million in Q2 2025 and fell as low as $188.7 million in Q1 2023.
  • Median Operating Income over the past 5 years was $222.0 million (2024), compared with a mean of $222.0 million.
  • Year-over-year, Operating Income increased 28.14% in 2022 and fell 3.48% in 2023.
  • Over 5 years, Operating Income stood at $196.4 million in 2022, then advanced by 6.98% to $210.1 million in 2023, then rose by 15.66% to $243.0 million in 2024, then advanced by 3.54% to $251.6 million in 2025, then fell by 5.37% to $238.1 million in 2026.
  • Per Business Quant, the three latest HESM Operating Income figures stand at $238.1 million (Q1 2026), $251.6 million (Q4 2025), and $258.9 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 2.35 Bn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 1.44 Bn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 1.90 Bn
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 2.98 Bn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 846.90 Mn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 1.21 Bn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 1.43 Bn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 361.00 Mn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 1.15 Bn
10 Hess Midstream 4.86 Bn 4.85 Bn - 238.10 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 238.10 Mn
Dec 31, 2025 251.60 Mn
Sep 30, 2025 258.90 Mn
Jun 30, 2025 260.20 Mn
Mar 31, 2025 237.40 Mn
Dec 31, 2024 243.00 Mn
Sep 30, 2024 231.70 Mn
Jun 30, 2024 222.30 Mn
Mar 31, 2024 222.00 Mn
Dec 31, 2023 210.10 Mn
Sep 30, 2023 220.00 Mn
Jun 30, 2023 198.10 Mn
Mar 31, 2023 188.70 Mn
Dec 31, 2022 196.40 Mn
Sep 30, 2022 204.00 Mn
Jun 30, 2022 195.30 Mn
Mar 31, 2022 195.50 Mn
Dec 31, 2021 199.90 Mn
Sep 30, 2021 159.20 Mn
Jun 30, 2021 185.60 Mn