Hess Midstream (HESM) Tax Rate (2020 - 2026)
Hess Midstream's Tax Rate was 15.19% in Q2 2026, up 1.25 percentage points from 13.94% a year earlier and up 0.02 percentage points from the prior quarter.
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Analysis
Hess Midstream (HESM) Tax Rate (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Hess Midstream's Tax Rate was 15.20% through Jun 30, 2026, up 3.07 percentage points year-over-year; for FY2025, it was 14.25%, up 4.43 percentage points from FY2024.
- Tax Rate has now increased for six consecutive years, with a five-year change of +12.77 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was 9.82% in FY2024 (+3.95 pp), 5.87% in FY2023 (+1.76 pp), 4.11% in FY2022 (+1.80 pp) and 2.31% in FY2021 (+0.83 pp).
- Quarterly Tax Rate has moved between 2.31% (Q3 2021) and 15.24% (Q4 2025) over five years.
- Compared with a year earlier, Tax Rate has increased for 22 straight quarters, with an average year-over-year change of +3.74 percentage points over the last eight quarters.
- The year-over-year gain in Tax Rate has ranged between 0.72 percentage points (Q2 2023) and 4.92 percentage points (Q3 2025) over the last five years.
- Per Business Quant data, HESM's Tax Rate in the three quarters before Q2 2026 was 15.17% (Q1 2026), 15.24% (Q4 2025) and 15.22% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 101.53 Bn | 99.08 Bn | 4.84 Bn | 21.97% |
| 2 | Enterprise Products Partners | 76.92 Bn | 75.35 Bn | - | 0.64% |
| 3 | Energy Transfer | 67.97 Bn | 61.41 Bn | 7.40 Bn | 7.12% |
| 4 | Kinder Morgan | 67.10 Bn | 68.05 Bn | 3.07 Bn | 23.33% |
| 5 | Tc Energy | 60.19 Bn | 63.26 Bn | 2.81 Bn | - |
| 6 | Targa Resources | 57.97 Bn | 57.59 Bn | 2.14 Bn | 22.61% |
| 7 | Mplx | 57.16 Bn | 50.72 Bn | 2.91 Bn | 0.18% |
| 8 | Cheniere Energy | 55.61 Bn | 55.74 Bn | 5.29 Bn | 9.13% |
| 9 | Oneok | 53.75 Bn | 52.24 Bn | 2.81 Bn | 23.62% |
| 10 | Hess Midstream | 4.80 Bn | 4.78 Bn | - | 15.19% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.19% |
| Mar 31, 2026 | 15.17% |
| Dec 31, 2025 | 15.24% |
| Sep 30, 2025 | 15.22% |
| Jun 30, 2025 | 13.94% |
| Mar 31, 2025 | 12.47% |
| Dec 31, 2024 | 11.61% |
| Sep 30, 2024 | 10.29% |
| Jun 30, 2024 | 9.08% |
| Mar 31, 2024 | 8.12% |
| Dec 31, 2023 | 7.23% |
| Sep 30, 2023 | 6.47% |
| Jun 30, 2023 | 5.19% |
| Mar 31, 2023 | 4.37% |
| Dec 31, 2022 | 4.46% |
| Sep 30, 2022 | 4.49% |
| Jun 30, 2022 | 4.47% |
| Mar 31, 2022 | 3.04% |
| Dec 31, 2021 | 3.17% |
| Sep 30, 2021 | 2.31% |
API Access
Hess Midstream Tax Rate 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=tax-rate&ticker=HESM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=HESM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();