Hess Midstream (HESM) Tax Rate (2020 - 2026)
Hess Midstream (HESM) posted quarterly Tax Rate of 15.17% for Q1 2026, up 270.0% year-over-year from 4.1% in Q1 2025, and up 147.27% quarter-over-quarter from 32.09% in Q4 2025.
Hess Midstream (HESM) Tax Rate (2020 - 2026) Analysis & Trends
Hess Midstream's Tax Rate history runs 7 years deep, the most recent figure standing at 15.17% for Q1 2026.
- In Q1 2026, Tax Rate rose 270.0% year-over-year to 15.17%; the TTM figure through Mar 2026 stood at 3.15% (down 774.0% YoY), while the FY2025 annual figure was 2.51%, down 732.0% from the prior year.
- Tax Rate for Q1 2026 stood at 15.17%, up from 32.09% in the prior quarter.
- The five-year high for Tax Rate was 15.22% in Q3 2025, with the low at 32.09% in Q4 2025.
- The 5-year median for Tax Rate is 6.47% (2023), against an average of 4.97%.
- The sharpest annual moves came in 2024 and 2025: Tax Rate jumped 2339 bps in 2024, then plunged 4370 bps in 2025.
- Hess Midstream's Tax Rate stood at 4.46% in 2022, then sank by 364 bps to 11.78% in 2023, then jumped by 199 bps to 11.61% in 2024, then slumped by 376 bps to 32.09% in 2025, then soared by 147 bps to 15.17% in 2026.
- Business Quant data shows HESM's Tax Rate at 15.17% in Q1 2026, 32.09% in Q4 2025, and 15.22% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 23.33% |
| 2 | Enbridge | 110.90 Bn | 109.41 Bn | 5.23 Bn | 21.97% |
| 3 | Enterprise Products Partners | 83.55 Bn | 82.64 Bn | - | 0.64% |
| 4 | Energy Transfer | 72.76 Bn | 71.73 Bn | 7.40 Bn | 7.12% |
| 5 | Tc Energy | 65.92 Bn | 58.36 Bn | 1.24 Bn | 5.85% |
| 6 | Oneok | 60.17 Bn | 60.01 Bn | 2.81 Bn | 23.62% |
| 7 | Mplx | 60.12 Bn | 59.09 Bn | 2.73 Bn | 0.18% |
| 8 | Targa Resources | 59.64 Bn | 59.50 Bn | 2.14 Bn | 22.61% |
| 9 | Cheniere Energy | 56.21 Bn | 54.95 Bn | 5.29 Bn | 9.13% |
| 10 | Hess Midstream | 5.10 Bn | 5.10 Bn | - | 15.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 15.19% |
| Jun 30, 2026 | 15.19% |
| Jun 30, 2026 | 15.19% |
| Mar 31, 2026 | 15.17% |
| Mar 31, 2026 | 15.17% |
| Mar 31, 2026 | 15.17% |
| Dec 31, 2025 | -32.09% |
| Dec 31, 2025 | -32.09% |
| Dec 31, 2025 | -32.09% |
| Sep 30, 2025 | 15.22% |
| Sep 30, 2025 | 15.22% |
| Sep 30, 2025 | 15.22% |
| Jun 30, 2025 | 13.94% |
| Jun 30, 2025 | 13.94% |
| Jun 30, 2025 | 13.94% |
| Mar 31, 2025 | 12.47% |
| Mar 31, 2025 | 12.47% |
| Mar 31, 2025 | 12.47% |
| Dec 31, 2024 | 11.61% |
| Dec 31, 2024 | 11.61% |