Hess Midstream HESM
NYSE HESM
$39.91 +0.07 (+0.18%)
At close: Sep 4, 2026 · 4:00 PM EDT

Hess Midstream (HESM) Price to Book (2018 - 2026)

Hess Midstream (HESM) posted Price to Book of 9.38 for Q2 2026, down 29.55% on a QoQ basis from 13.31 in Q1 2026, and down 5.7% year-over-year from 9.94 in Q2 2025.

Analysis

Hess Midstream (HESM) Price to Book (2018 - 2026) Analysis & Trends

Hess Midstream has reported Price to Book for 9 years, with the latest figure at 9.38 in Q2 2026.

  • On a quarterly basis, Price to Book fell 5.7% year-over-year to 9.38 in Q2 2026; TTM through Jun 2026 was 9.38, a 5.7% decrease from a year earlier, with the FY2025 full-year figure at 12.82, up 121133065.56% from the prior year.
  • Price to Book was 9.38 for Q2 2026 at Hess Midstream, down from 13.31 in the prior quarter.
  • The five-year high for Price to Book was 13.31 in Q1 2026, with the low at 0.0 in Q4 2024.
  • Average Price to Book over 5 years is 5.94, with a median of 6.02 recorded in 2023.
  • The sharpest annual moves came in 2023 and 2025: Price to Book plunged 100.0% in 2023, then jumped 121133065.56% in 2025.
  • Over 5 years, Price to Book stood at 2.49 in 2022, then slumped by 100.0% to 0.0 in 2023, then tumbled by 31.72% to 0.0 in 2024, then surged by 121133065.56% to 12.82 in 2025, then fell by 26.86% to 9.38 in 2026.
  • The last three Price to Book figures came in at 9.38 (Q2 2026), 13.31 (Q1 2026), and 12.82 (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Kinder Morgan 111.69 Bn 112.81 Bn 3.07 Bn
2 Enterprise Products Partners 84.07 Bn 83.21 Bn -
3 Energy Transfer 74.03 Bn 73.00 Bn 7.40 Bn
4 Tc Energy 65.16 Bn 64.62 Bn 1.80 Bn
5 Targa Resources 62.18 Bn 62.19 Bn 2.14 Bn
6 Mplx 60.51 Bn 59.48 Bn 2.73 Bn
7 Oneok 60.16 Bn 60.09 Bn 2.81 Bn
8 Enbridge 54.38 Bn 54.88 Bn 5.23 Bn
9 Pembina Pipeline 28.12 Bn 27.76 Bn 933.00 Mn
10 Hess Midstream 5.12 Bn 5.12 Bn -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 9.38
Mar 31, 2026 13.31
Dec 31, 2025 12.82
Sep 30, 2025 7.81
Jun 30, 2025 9.94
Mar 31, 2025 9.63
Dec 31, 2024 0.00
Sep 30, 2024 8.31
Jun 30, 2024 8.27
Mar 31, 2024 7.56
Dec 31, 2023 0.00
Sep 30, 2023 4.47
Jun 30, 2023 4.01
Mar 31, 2023 2.91
Dec 31, 2022 2.49
Sep 30, 2022 2.19
Jun 30, 2022 2.53
Mar 31, 2022 1.29
Dec 31, 2021 9.05
Sep 30, 2021 1.05