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) Gross margin

Alert me on Gross margin

Hess Midstream Partners LP's gross margin over the twelve months to 30 September 2026 was 100.0%, down 0.0 percentage points from fiscal 2025 (100.0%). Over the past ten years it has ranged from 100.0% (fiscal 2025) to 100.0% (fiscal 2025) — the current reading is the highest in ten years. That is above the Oil & Gas Midstream industry median of 54.9% and above the Energy sector median of 42.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 100.0% 0.00
FY2024 100.0% 0.00
FY2023 100.0% 0.00
FY2022 100.0% 0.00
FY2021 100.0% 0.00
FY2020 100.0% 0.00
FY2019 100.0% 0.00
FY2018 100.0% 0.00
FY2017 100.0% 0.00
FY2016 100.0% 0.00

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 100.0% 0.00
Jun 2026 100.0% 0.00
Mar 2026 100.0% 0.00
Dec 2025 100.0% 0.00
39 more quarters

Against its own ten years

Low 100.0% High 100.0%
Ten-year median 100.0%
Current reading's percentile 100

Gross margin against peers

Company Gross margin
HESM Hess Midstream Partners LP 100.0%
AM Antero Midstream Corporation compare 76.9%
CMBT CMB.TECH nv compare 75.4%
STNG Scorpio Tankers Inc. compare 73.9%
FRO Frontline PLC compare 66.7%
GLNG Golar LNG Limited compare 65.5%
SOBO South Bow Corporation compare 49.5%
KNTK Kinetik Holdings Inc. compare 41.0%
INSW International Seaways Inc. compare 0.00%
Oil & Gas Midstream industry median 54.9%
Energy sector median 42.1%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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