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) Free cash flow margin

Alert me on Free cash flow margin

Hess Midstream Partners LP's free cash flow margin over the twelve months to 30 September 2026 was 56.2%, up 11.3 percentage points from fiscal 2025 (44.9%). Over the past ten years it has ranged from 12.9% (fiscal 2015) to 52.5% (fiscal 2021); the current reading is higher than 73% of that period. That is above the Oil & Gas Midstream industry median of 14.4% and above the Energy sector median of 6.87%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 44.9% 2.50
FY2024 42.4% (5.26)
FY2023 47.7% (1.18)
FY2022 48.9% (3.68)
FY2021 52.5% 21.33
FY2020 31.2% 11.83
FY2019 19.4% (12.42)
FY2018 31.8% (3.60)
FY2017 35.4% 11.13
FY2016 24.3% 11.40

Against its own ten years

Low 12.9% High 52.5%
Ten-year median 35.4%
Current reading's percentile 73

Free cash flow margin against peers

Company Free cash flow margin
STNG Scorpio Tankers Inc. compare 153.5%
AM Antero Midstream Corporation compare 121.8%
HESM Hess Midstream Partners LP 56.2%
FRO Frontline PLC compare 56.2%
INSW International Seaways Inc. compare 51.7%
SOBO South Bow Corporation compare 34.1%
KNTK Kinetik Holdings Inc. compare 11.9%
CMBT CMB.TECH nv compare 0.00%
GLNG Golar LNG Limited compare −96.5%
Oil & Gas Midstream industry median 14.4%
Energy sector median 6.87%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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