Hess Midstream (HESM) Tax Rate (2020 - 2026)
Hess Midstream (HESM) posted Tax Rate of 15.19% for Q2 2026, little changed on a QoQ basis from 15.17% in Q1 2026, and up 125.0% year-over-year from 6.75% in Q2 2025.
Powered by 
Analysis
Hess Midstream (HESM) Tax Rate (2020 - 2026) Analysis & Trends
Hess Midstream has reported Tax Rate for 7 years, with the latest figure at 15.19% in Q2 2026.
- On a quarterly basis, Tax Rate rose 125.0% year-over-year to 15.19% in Q2 2026; TTM through Jun 2026 was 21.98%, a 984.0% increase from a year earlier, with the FY2025 full-year figure at 21.0%, up 1118.0% from the prior year.
- Tax Rate was 15.19% for Q2 2026 at Hess Midstream, roughly flat from 15.17% in the prior quarter.
- The five-year high for Tax Rate was 42.43% in Q4 2025, with the low at 3.04% in Q1 2022.
- Average Tax Rate over 5 years is 10.73%, with a median of 8.6% recorded in 2024.
- The sharpest annual moves came in 2023 and 2025: Tax Rate surged 72 bps in 2023, then soared 3082 bps in 2025.
- Over 5 years, Tax Rate stood at 4.46% in 2022, then soared by 62 bps to 7.23% in 2023, then jumped by 61 bps to 11.61% in 2024, then jumped by 266 bps to 42.43% in 2025, then slumped by 64 bps to 15.19% in 2026.
- The last three Tax Rate figures came in at 15.19% (Q2 2026), 15.17% (Q1 2026), and 42.43% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 23.33% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 0.64% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 7.12% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 5.85% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 22.61% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 0.18% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 23.62% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 21.97% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 21.47% |
| 10 | Hess Midstream | 5.12 Bn | 5.12 Bn | - | 15.19% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.19% |
| Mar 31, 2026 | 15.17% |
| Dec 31, 2025 | 42.43% |
| 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% |