Hess Midstream (HESM) Price to Earnings (2019 - 2026)
Hess Midstream's Price to Earnings came in at 12.73 for Q3 2026, down 6.0% from 13.55 a year earlier and down 1.1% from the prior quarter.
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Analysis
Hess Midstream (HESM) Price to Earnings (2019 - 2026) Analysis & Trends
For FY2025, Hess Midstream's Price to Earnings was 20.65, up 6.6% from FY2024.
- Going back by year, Price to Earnings was 19.38 in FY2024 (-59.2%), 47.44 in FY2023 (+202.4%), 15.69 in FY2022 (-89.3%) and 146.90 in FY2021 (+899.3%).
- The Q3 2026 figure represents the lowest quarterly Price to Earnings since Q3 2020.
- Year-over-year, Price to Earnings has declined for three consecutive quarters, with an average decline of 20.2% over the last eight quarters.
- The fastest year-over-year change in Price to Earnings over five years came in Q4 2021 (growth of 899.3%), and the weakest in Q4 2022 (a decline of 89.3%).
- Business Quant data shows HESM's Price to Earnings at 12.87 (Q2 2026), 13.52 (Q1 2026) and 20.65 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enbridge | 106.26 Bn | 104.14 Bn | 4.35 Bn |
| 2 | Williams Companies | 86.41 Bn | 89.20 Bn | 2.59 Bn |
| 3 | Enterprise Products Partners | 82.58 Bn | 80.98 Bn | 14.00 Mn |
| 4 | Kinder Morgan | 71.13 Bn | 71.22 Bn | 2.97 Bn |
| 5 | Tc Energy | 67.40 Bn | 71.05 Bn | - |
| 6 | Energy Transfer | 66.89 Bn | 62.98 Bn | 6.57 Bn |
| 7 | Targa Resources | 63.77 Bn | 62.98 Bn | 2.02 Bn |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn |
| 10 | Hess Midstream | 3.97 Bn | 3.85 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.73 |
| Jun 30, 2026 | 12.87 |
| Mar 31, 2026 | 13.52 |
| Dec 31, 2025 | 20.65 |
| Sep 30, 2025 | 13.55 |
| Jun 30, 2025 | 17.35 |
| Mar 31, 2025 | 19.75 |
| Dec 31, 2024 | 19.38 |
| Sep 30, 2024 | 19.30 |
| Jun 30, 2024 | 19.96 |
| Mar 31, 2024 | 20.26 |
| Dec 31, 2023 | 47.44 |
| Sep 30, 2023 | 19.35 |
| Jun 30, 2023 | 19.21 |
| Mar 31, 2023 | 14.55 |
| Dec 31, 2022 | 15.69 |
| Sep 30, 2022 | 14.21 |
| Jun 30, 2022 | 18.75 |
| Mar 31, 2022 | 18.48 |
| Dec 31, 2021 | 146.90 |
API Access
Hess Midstream Price to Earnings API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-earnings&ticker=HESM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "ticker": "HESM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-earnings&ticker=HESM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();