Hess Midstream (HESM) Return on Capital Employed (2020 - 2026)
Hess Midstream (HESM) posted quarterly Return on Capital Employed of 24.18% for Q1 2026, up 95.0% year-over-year from 12.4% in Q1 2025, and up 1.36% quarter-over-quarter from 23.86% in Q4 2025.
Hess Midstream (HESM) Return on Capital Employed (2020 - 2026) Analysis & Trends
Hess Midstream's Return on Capital Employed history runs 7 years deep, the most recent figure standing at 24.18% for Q1 2026.
- In Q1 2026, Return on Capital Employed rose 95.0% year-over-year to 24.18%; the TTM figure through Mar 2026 stood at 24.18% (up 95.0% YoY), while the FY2025 annual figure was 24.7%, up 155.0% from the prior year.
- Return on Capital Employed for Q1 2026 stood at 24.18%, up from 23.86% in the prior quarter.
- The five-year high for Return on Capital Employed was 24.18% in Q1 2026, with the low at 21.6% in Q4 2023.
- The 5-year median for Return on Capital Employed is 23.03% (2022), against an average of 22.95%.
- The sharpest annual moves came in 2022 and 2023: Return on Capital Employed surged 372 bps in 2022, then slumped 143 bps in 2023.
- Hess Midstream's Return on Capital Employed stood at 23.03% in 2022, then slipped by 6 bps to 21.6% in 2023, then climbed by 3 bps to 22.15% in 2024, then climbed by 8 bps to 23.86% in 2025, then grew by 1 bps to 24.18% in 2026.
- Business Quant data shows HESM's Return on Capital Employed at 24.18% in Q1 2026, 23.86% in Q4 2025, and 23.76% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 7.68% |
| 2 | Enbridge | 110.90 Bn | 109.41 Bn | 5.23 Bn | 5.40% |
| 3 | Enterprise Products Partners | 83.55 Bn | 82.64 Bn | - | 12.27% |
| 4 | Energy Transfer | 72.76 Bn | 71.73 Bn | 7.40 Bn | 8.43% |
| 5 | Tc Energy | 65.92 Bn | 58.36 Bn | 1.24 Bn | - |
| 6 | Oneok | 60.17 Bn | 60.01 Bn | 2.81 Bn | 9.99% |
| 7 | Mplx | 60.12 Bn | 59.09 Bn | 2.73 Bn | 14.79% |
| 8 | Targa Resources | 59.64 Bn | 59.50 Bn | 2.14 Bn | 15.72% |
| 9 | Cheniere Energy | 56.21 Bn | 54.95 Bn | 5.29 Bn | 15.05% |
| 10 | Hess Midstream | 5.10 Bn | 5.10 Bn | - | 24.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 24.54% |
| Mar 31, 2026 | 24.18% |
| Dec 31, 2025 | 23.86% |
| Sep 30, 2025 | 23.76% |
| Jun 30, 2025 | 23.54% |
| Mar 31, 2025 | 23.24% |
| Dec 31, 2024 | 22.15% |
| Sep 30, 2024 | 22.85% |
| Jun 30, 2024 | 23.23% |
| Mar 31, 2024 | 23.17% |
| Dec 31, 2023 | 21.60% |
| Sep 30, 2023 | 22.66% |
| Jun 30, 2023 | 22.68% |
| Mar 31, 2023 | 22.77% |
| Dec 31, 2022 | 23.03% |
| Sep 30, 2022 | 23.08% |
| Jun 30, 2022 | 22.13% |
| Mar 31, 2022 | 22.16% |
| Dec 31, 2021 | 22.04% |
| Sep 30, 2021 | 20.97% |