Hess Midstream (HESM) Revenue (2018 - 2026)
Hess Midstream (HESM) recorded quarterly Revenue of $388.7 million in Q1 2026, down 4.54% quarter-over-quarter from $407.2 million in Q4 2025, and up 2.02% on a YoY basis from $381.0 million in Q1 2025.
Hess Midstream (HESM) Revenue (2018 - 2026) Analysis & Trends
Hess Midstream's Revenue history runs 9 years deep, the most recent figure standing at $388.7 million for Q1 2026.
- In Q1 2026, Revenue rose 2.02% year-over-year to $388.7 million; the TTM figure through Mar 2026 stood at $1.6 billion (up 7.32% YoY), while the FY2025 annual figure was $1.6 billion, up 8.41% from the prior year.
- Revenue was $388.7 million for Q1 2026 at Hess Midstream, down from $407.2 million in the prior quarter.
- In the past five years, Revenue ranged from a high of $420.9 million in Q3 2025 to a low of $305.0 million in Q1 2023.
- Historically, Revenue has averaged $360.3 million across 5 years, with a median of $362.5 million in 2023.
- The sharpest annual moves came in 2023 and 2024: Revenue dropped 2.27% in 2023, then increased 16.59% in 2024.
- A 5-year view of Revenue shows it stood at $313.9 million in 2022, then gained by 13.35% to $355.8 million in 2023, then gained by 11.27% to $395.9 million in 2024, then climbed by 2.85% to $407.2 million in 2025, then dropped by 4.54% to $388.7 million in 2026.
- The last three Revenue figures came in at $388.7 million (Q1 2026), $407.2 million (Q4 2025), and $420.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 16.30 Bn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 14.39 Bn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 4.83 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 27.77 Bn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 3.04 Bn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 4.09 Bn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 9.62 Bn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 2.99 Bn |
| 10 | Hess Midstream | 4.98 Bn | 4.97 Bn | - | 388.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 388.70 Mn |
| Dec 31, 2025 | 407.20 Mn |
| Sep 30, 2025 | 420.90 Mn |
| Jun 30, 2025 | 413.50 Mn |
| Mar 31, 2025 | 381.00 Mn |
| Dec 31, 2024 | 395.90 Mn |
| Sep 30, 2024 | 377.60 Mn |
| Jun 30, 2024 | 364.60 Mn |
| Mar 31, 2024 | 355.60 Mn |
| Dec 31, 2023 | 355.80 Mn |
| Sep 30, 2023 | 362.50 Mn |
| Jun 30, 2023 | 323.50 Mn |
| Mar 31, 2023 | 305.00 Mn |
| Dec 31, 2022 | 313.90 Mn |
| Sep 30, 2022 | 334.80 Mn |
| Jun 30, 2022 | 313.00 Mn |
| Mar 31, 2022 | 312.10 Mn |
| Dec 31, 2021 | 316.30 Mn |
| Sep 30, 2021 | 303.90 Mn |
| Jun 30, 2021 | 294.80 Mn |