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

30.40 1.40 −4.40%
Market cap
$6.3B
P/E
10.5×
Fwd P/E
10.5×
Dividend yield
10.3%
F-score
6/9
Altman Z
n/a
Beneish M
−2.65
Dividend safety
42/100

Hess Midstream Partners LP (HESM) EV/EBITDA

Alert me on 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

Against its own ten years

Low 0.0× High 7.6×
Ten-year median 3.9×
Current reading's percentile 78

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)

The full definition of EV/EBITDA →

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