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| Date | Value |
|---|---|
| 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% |