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| Date | Value |
|---|---|
| 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 |