Hess Midstream (HESM) Return on Capital Employed (2020 - 2026)

Hess Midstream (HESM) posted Return on Capital Employed of 24.18% for Q1 2026, up 1.36% on a QoQ basis from 23.86% in Q4 2025, and up 95.0% year-on-year from 12.4% in Q1 2025.

Hess Midstream (HESM) Return on Capital Employed (2020 - 2026) Analysis & Trends

Hess Midstream has disclosed Return on Capital Employed across 7 years of filings, most recently posting 24.18% for Q1 2026.

  • Return on Capital Employed for Q1 2026 came in at 24.18%, up 95.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 24.18% (up 95.0% YoY), and the FY2025 annual result was 24.7%, up 20.0% from the prior year.
  • Return on Capital Employed came in at 24.18% for Q1 2026 at Hess Midstream, up from 23.86% in the prior quarter.
  • Over the last five years, Return on Capital Employed for HESM reached as high as 24.18% in Q1 2026 and fell as low as 22.13% in Q2 2022.
  • Median Return on Capital Employed over the past 5 years was 23.08% (2022), compared with a mean of 23.1%.
  • Year-over-year, Return on Capital Employed jumped 372 bps in 2022 and tumbled 42 bps in 2023.
  • Over 5 years, Return on Capital Employed stood at 23.03% in 2022, then dropped by 1 bps to 22.87% in 2023, then advanced by 2 bps to 23.39% in 2024, then rose by 2 bps to 23.86% in 2025, then increased by 1 bps to 24.18% in 2026.
  • Per Business Quant, the three latest HESM Return on Capital Employed figures stand at 24.18% (Q1 2026), 23.86% (Q4 2025), and 23.76% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 5.26%
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 7.42%
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 11.93%
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 7.59%
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 3.63%
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 14.56%
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 9.98%
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 22.68%
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 10.22%
10 Hess Midstream 4.86 Bn 4.85 Bn - 24.18%

Historic Data

Download Data
DateValue
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 23.39%
Sep 30, 2024 22.85%
Jun 30, 2024 23.23%
Mar 31, 2024 23.17%
Dec 31, 2023 22.87%
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%
Jun 30, 2021 20.24%