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

Hess Midstream has reported Operating Margin for 9 years, with the latest figure at 63.46% in Q2 2026.

• On a quarterly basis, Operating Margin rose 64.0% year-over-year to 63.46% in Q2 2026; TTM through Jun 2026 was 62.06%, a 16.0% increase from a year earlier, with the FY2025 full-year figure at 62.18%, up 73.0% from the prior year.
• Operating Margin was 63.46% for Q2 2026 at Hess Midstream, up from 61.04% in the prior quarter.
• The five-year high for Operating Margin was 63.46% in Q2 2026, with the low at 58.93% in Q4 2023.
• Average Operating Margin over 5 years is 61.66%, with a median of 61.69% recorded in 2023.
• The sharpest annual moves came in 2022 and 2023: Operating Margin jumped 855 bps in 2022, then sank 349 bps in 2023.
• Over 5 years, Operating Margin stood at 62.43% in 2022, then slipped by 6 bps to 58.93% in 2023, then increased by 4 bps to 61.38% in 2024, then rose by 1 bps to 62.25% in 2025, then climbed by 2 bps to 63.46% in 2026.
• The last three Operating Margin figures came in at 63.46% (Q2 2026), 61.04% (Q1 2026), and 62.25% (Q4 2025), per Business Quant data.