Hess Midstream LP
HESM NYSE· Crude Petroleum & Natural Gas
Last close · Oct 26, 2026
$31.18
KIRA · Stoqly’s AI analyst, in plain words
- Hess Midstream LP had $1.6B of revenue in fiscal 2025, up 8.4% on the year before. Over five years, revenue changed +8.2% a year on average.
- Its operating margin was 62.2%, up 0.7 pts: of every 100 in sales, about 62 is left after running the business.
- Hess Midstream LP made $353M of net profit in fiscal 2025.
- Free cash flow was $728M in fiscal 2025, 44.9% of revenue.
- Hess Midstream LP returned $400M to shareholders in fiscal 2025, 55% of free cash flow.
- Hess Midstream LP owes $3.8B more than it holds in cash, about 3.1 years of operating profit.
Market cap
—
P/E
—
Revenue
$1.6B
Net income
$353M
Free cash flow
$728M
Operating margin
62.2%
Hess Midstream LP in 30 seconds · fiscal 2025
Are sales growing?
+8.4%
Yes. Sales grew 8.4% last year.
Does it make a profit?
21.8%
Yes. It keeps 21.8% of every sale as profit.
Does profit turn into cash?
44.9%
Yes. 44.9% of sales ends up as free cash.
Is debt under control?
3.1x
Heavy. Repaying its debt would take 3.1 years of operating profit.
How healthy are the accounts?
6 / 7
Mixed. It passes 6 of 7 health tests.
What Hess Midstream LP does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 25, 2026
- Legal name
- Hess Midstream LP
- CIK
- 0001789832
Hess Midstream LP · HESM
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $1.2B | $1.3B | $1.3B | $1.5B | $1.6B |
| Revenue growth | 10.2% | 5.9% | 5.8% | 10.9% | 8.4% |
| Operating margin | 60.4% | 62.0% | 60.6% | 61.5% | 62.2% |
| Net income | $46.4M | $83.9M | $119M | $223M | $353M |
| Net margin | 3.9% | 6.6% | 8.8% | 14.9% | 21.8% |
| Cash | |||||
| Cash from operations | $796M | $861M | $866M | $940M | $984M |
| Capital expenditure | $163M | $238M | $224M | $306M | $256M |
| Free cash flow | $632M | $623M | $643M | $634M | $728M |
| FCF margin | 52.5% | 48.8% | 47.7% | 42.4% | 44.9% |
| Share buybacks | $750M | $400M | $400M | $300M | $400M |
| Debt and strength | |||||
| Cash and short-term investments | $2.2M | $3.1M | $5.4M | $4.3M | $1.9M |
| Debt incl. finance leases | $2.6B | $2.9B | $3.2B | $3.5B | $3.8B |
| Net debt / EBITDA | 2.9x | 3.0x | 3.2x | 3.1x | 3.1x |
| Current ratio | 0.8x | 0.8x | 0.7x | 0.7x | 0.8x |
| Returns and quality | |||||
| Piotroski F-score | 5 | 6 | 5 | 7 | 6 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Hess Midstream LP · HESM
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $31.18 a share, the company is worth —.
Source: SEC EDGAR XBRL filings (CIK 0001789832). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.