Hess Midstream (HESM) Shares Outstanding (Diluted) (2018 - 2026)
Hess Midstream (HESM) recorded Shares Outstanding (Diluted) of 128.4 million in Q2 2026, up 5.4% from 121.8 million a year earlier but down 0.6% from the prior quarter.
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Analysis
Hess Midstream (HESM) Shares Outstanding (Diluted) (2018 - 2026) Analysis & Trends
For FY2025, Hess Midstream reported Shares Outstanding (Diluted) of 211.2 million.
- Annual Shares Outstanding (Diluted) has a five-year compound annual growth rate of 63.5% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding (Diluted) came in at 221.80 in FY2024 (-23.6%), 290.50 in FY2023 (-100.0%), 41.4 million in FY2022 (-84.8%) and 272.4 million in FY2021.
- Quarterly Shares Outstanding (Diluted) has ranged from 221.80 in Q4 2024 to 272.4 million in Q4 2021 over the past five years.
- On a year-over-year basis, Shares Outstanding (Diluted) rose in six of the last seven quarters, with growth averaging 25.7%.
- Peak year-over-year performance for Shares Outstanding (Diluted) in the last five years was growth of 75.7% in Q3 2022, against a decline of 100.0% in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 129.2 million (Q1 2026), 211.2 million (Q4 2025) and 130.3 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 101.05 Bn | 98.59 Bn | 4.84 Bn | 2.19 Bn |
| 2 | Williams Companies | 84.68 Bn | 83.39 Bn | 2.54 Bn | 1.23 Bn |
| 3 | Enterprise Products Partners | 77.03 Bn | 75.46 Bn | - | 2.19 Bn |
| 4 | Energy Transfer | 69.18 Bn | 62.61 Bn | 7.40 Bn | 3.46 Bn |
| 5 | Kinder Morgan | 67.95 Bn | 68.90 Bn | 3.07 Bn | 2.23 Bn |
| 6 | Tc Energy | 61.01 Bn | 64.08 Bn | 2.81 Bn | 1.04 Bn |
| 7 | Targa Resources | 59.91 Bn | 59.53 Bn | 2.14 Bn | 215.20 Mn |
| 8 | Mplx | 57.11 Bn | 50.67 Bn | 2.91 Bn | 1.02 Bn |
| 9 | Cheniere Energy | 56.26 Bn | 56.39 Bn | 5.29 Bn | 209.50 Mn |
| 10 | Hess Midstream | 4.88 Bn | 4.87 Bn | - | 128.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 128.40 Mn |
| Mar 31, 2026 | 129.20 Mn |
| Dec 31, 2025 | 211.20 Mn |
| Sep 30, 2025 | 130.30 Mn |
| Jun 30, 2025 | 121.80 Mn |
| Mar 31, 2025 | 110.80 Mn |
| Dec 31, 2024 | 221.80 |
| Sep 30, 2024 | 93.00 Mn |
| Jun 30, 2024 | 83.80 Mn |
| Mar 31, 2024 | 75.20 Mn |
| Dec 31, 2023 | 290.50 |
| Sep 30, 2023 | 62.50 Mn |
| Jun 30, 2023 | 50.20 Mn |
| Mar 31, 2023 | 44.10 Mn |
| Dec 31, 2022 | 41.40 Mn |
| Sep 30, 2022 | 44.10 Mn |
| Jun 30, 2022 | 43.70 Mn |
| Mar 31, 2022 | 33.80 Mn |
| Dec 31, 2021 | 272.40 Mn |
| Sep 30, 2021 | 25.10 Mn |
API Access
Hess Midstream Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=HESM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=HESM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();