Hess Midstream (HESM) Tax Rate (2020 - 2026)
Hess Midstream's Tax Rate was 15.20% in Q3 2026, down 0.02 percentage points from 15.22% a year earlier but up 0.01 percentage points from the prior quarter.
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Analysis
Hess Midstream (HESM) Tax Rate (2020 - 2026) Analysis & Trends
For FY2025, Tax Rate at Hess Midstream came in at 14.25%, up 4.43 percentage points from FY2024.
- Tax Rate has now increased for five 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 3.04% (Q1 2022) and 15.24% (Q4 2025) over five years.
- Compared with a year earlier, Tax Rate was higher in seven of the last eight quarters, with an average year-over-year change of +3.26 percentage points.
- The best year-over-year quarter for Tax Rate over five years was Q3 2025 (a gain of 4.92 percentage points); the worst was Q3 2026 (a drop of 0.02 percentage points).
- Per Business Quant data, HESM's Tax Rate in the three quarters before Q3 2026 was 15.19% (Q2 2026), 15.17% (Q1 2026) and 15.24% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 106.26 Bn | 104.14 Bn | 4.35 Bn | 23.31% |
| 2 | Williams Companies | 86.41 Bn | 89.20 Bn | 2.59 Bn | 22.37% |
| 3 | Enterprise Products Partners | 82.58 Bn | 80.98 Bn | 14.00 Mn | 1.03% |
| 4 | Kinder Morgan | 71.13 Bn | 71.22 Bn | 2.97 Bn | 19.39% |
| 5 | Tc Energy | 67.40 Bn | 71.05 Bn | - | 11.44% |
| 6 | Energy Transfer | 66.89 Bn | 62.98 Bn | 6.57 Bn | 9.35% |
| 7 | Targa Resources | 63.77 Bn | 62.98 Bn | 2.02 Bn | 20.53% |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn | 10.16% |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn | 0.17% |
| 10 | Hess Midstream | 3.97 Bn | 3.85 Bn | - | 15.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 15.20% |
| 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% |
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();