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

Hess Midstream has disclosed Operating Margin across 9 years of filings, most recently posting 61.26% for Q1 2026.

• Operating Margin for Q1 2026 came in at 61.26%, down 105.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 61.88% (up 37.0% YoY), and the FY2025 annual result was 62.18%, up 73.0% from the prior year.
• Operating Margin came in at 61.26% for Q1 2026 at Hess Midstream, down from 61.79% in the prior quarter.
• Over the last five years, Operating Margin for HESM reached as high as 62.93% in Q2 2025 and fell as low as 59.05% in Q4 2023.
• Median Operating Margin over the past 5 years was 61.51% (2025), compared with a mean of 61.61%.
• Year-over-year, Operating Margin jumped 855 bps in 2022 and sank 352 bps in 2023.
• Over 5 years, Operating Margin stood at 62.57% in 2022, then decreased by 6 bps to 59.05% in 2023, then grew by 4 bps to 61.38% in 2024, then gained by 1 bps to 61.79% in 2025, then retreated by 1 bps to 61.26% in 2026.
• Per Business Quant, the three latest HESM Operating Margin figures stand at 61.26% (Q1 2026), 61.79% (Q4 2025), and 61.51% (Q3 2025).