Hess Midstream (HESM) Price to FCF (2019 - 2026)
Hess Midstream's Price to FCF was 5.32 in Q3 2026, down 15.2% from 6.27 a year earlier and down 7.6% from the prior quarter.
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Analysis
Hess Midstream (HESM) Price to FCF (2019 - 2026) Analysis & Trends
For FY2025, Price to FCF at Hess Midstream came in at 10.01, up 46.8% from FY2024.
- In earlier years, Price to FCF was 6.82 in FY2024 (-22.1%), 8.75 in FY2023 (+314.1%), 2.11 in FY2022 (-80.4%) and 10.78 in FY2021 (+940.7%).
- The Q3 2026 figure marks the lowest quarterly Price to FCF since Q2 2024.
- Compared with a year earlier, Price to FCF has declined for three straight quarters, with growth averaging 18.4% over the last eight quarters.
- The best year-over-year quarter for Price to FCF over five years was Q4 2021 (growth of 818.1%); the worst was Q4 2022 (a decline of 81.3%).
- Per Business Quant data, HESM's Price to FCF in the three quarters before Q3 2026 was 5.76 (Q2 2026), 6.27 (Q1 2026) and 10.01 (Q4 2025).
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 | 5.32 |
| Jun 30, 2026 | 5.76 |
| Mar 31, 2026 | 6.27 |
| Dec 31, 2025 | 10.01 |
| Sep 30, 2025 | 6.27 |
| Jun 30, 2025 | 7.58 |
| Mar 31, 2025 | 7.48 |
| Dec 31, 2024 | 6.82 |
| Sep 30, 2024 | 5.60 |
| Jun 30, 2024 | 4.53 |
| Mar 31, 2024 | 3.97 |
| Dec 31, 2023 | 7.69 |
| Sep 30, 2023 | 2.81 |
| Jun 30, 2023 | 2.39 |
| Mar 31, 2023 | 1.72 |
| Dec 31, 2022 | 1.77 |
| Sep 30, 2022 | 1.47 |
| Jun 30, 2022 | 1.75 |
| Mar 31, 2022 | 1.42 |
| Dec 31, 2021 | 9.51 |
API Access
Hess Midstream Price to FCF 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-fcf&ticker=HESM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-fcf", "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-fcf&ticker=HESM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();