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) 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
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
More on HESM
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- 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