Hess Midstream Partners LP
HESM Energy Oil & Gas Midstream
Hess Midstream Partners LP’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 8.41% from fiscal 2024.
- Revenue
- −2.57%
- EPS
- +1.35%
- Free cash flow
- +35.4%
- Total debt
- −5.16%
Quarter to September 2026, against a year earlier
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Hess Midstream Partners LP (HESM) EV/EBITDA
As of 5 November 2026, Hess Midstream Partners LP (HESM) trades at a EV/EBITDA of 6.1×. Over the past ten years it has ranged from 0.0× (June 2017) to 7.6× (July 2025); the current reading is higher than 78% of that period. That is below the Oil & Gas Midstream industry median of 9.0× and in line with the Energy sector median of 6.2×.
EV/EBITDA, daily
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Annual newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 6.5× | 8.51% |
| FY2024 | 6.0× | 21.93% |
| FY2023 | 4.9× | 17.08% |
| FY2022 | 4.2× | 15.28% |
| FY2021 | 3.6× | 18.90% |
| FY2020 | 3.1× | (26.21%) |
| FY2019 | 4.1× | 17.37% |
| FY2018 | 3.5× | 25.14% |
| FY2017 | 2.8× | — |
| FY2016 | 0.0× | — |
Quarterly newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| Sep 2026 | 6.8× | (1.42%) |
| Jun 2026 | 6.9× | (2.90%) |
| Mar 2026 | 7.1× | 9.12% |
| Dec 2025 | 6.5× | (4.24%) |
| 39 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| STNG Scorpio Tankers Inc. compare | 2.0× |
| INSW International Seaways Inc. compare | 5.1× |
| HESM Hess Midstream Partners LP | 6.1× |
| CMBT CMB.TECH nv compare | 7.3× |
| FRO Frontline PLC compare | 7.4× |
| AM Antero Midstream Corporation compare | 9.5× |
| SOBO South Bow Corporation compare | 10.5× |
| KNTK Kinetik Holdings Inc. compare | 12.8× |
| GLNG Golar LNG Limited compare | 20.5× |
| Oil & Gas Midstream industry median | 9.0× |
| Energy sector median | 6.2× |
| Market median | 10.9× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on HESM
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement