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. In the quarter to June 2026, revenue fell 3.67%, EPS grew 1.35%, free cash flow grew 19.7% and total debt was flat, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for five, operating cash flow growth for five.
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Hess Midstream Partners LP (HESM) EV/Sales
As of 16 October 2026, Hess Midstream Partners LP (HESM) trades at a EV/Sales of 4.7×. Over the past ten years it has ranged from 0.0× (June 2017) to 5.7× (July 2025); the current reading is higher than 81% of that period. That is above the Oil & Gas Midstream industry median of 3.9× and above the Energy sector median of 2.3×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 4.9× | 9.34% |
| FY2024 | 4.5× | 22.26% |
| FY2023 | 3.7× | 14.83% |
| FY2022 | 3.2× | 18.64% |
| FY2021 | 2.7× | 31.20% |
| FY2020 | 2.1× | (19.09%) |
| FY2019 | 2.6× | 1.34% |
| FY2018 | 2.5× | 35.38% |
| FY2017 | 1.9× | — |
| FY2016 | 0.0× | — |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 5.3× | (2.35%) |
| Mar 2026 | 5.4× | 9.09% |
| Dec 2025 | 4.9× | (3.80%) |
| Sep 2025 | 5.1× | (3.89%) |
| 38 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| STNG Scorpio Tankers Inc. compare | 2.2× |
| TRMD TORM PLC compare | 2.6× |
| KNTK Kinetik Holdings Inc. compare | 4.3× |
| INSW International Seaways Inc. compare | 4.5× |
| HESM Hess Midstream Partners LP | 4.7× |
| CMBT CMB.TECH nv compare | 4.8× |
| SOBO South Bow Corporation compare | 6.1× |
| AM Antero Midstream Corporation compare | 10.6× |
| GLNG Golar LNG Limited compare | 13.8× |
| Oil & Gas Midstream industry median | 3.9× |
| Energy sector median | 2.3× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((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)) ÷ Revenue (TTM)