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) Net margin

Alert me on Net margin

Hess Midstream Partners LP's net margin over the twelve months to 30 September 2026 was 23.5%, up 1.7 percentage points from fiscal 2025 (21.8%). Over the past ten years it has ranged from 2.20% (fiscal 2020) to 40.2% (fiscal 2016); the current reading is higher than 82% of that period. That is above the Oil & Gas Midstream industry median of 20.1% and above the Energy sector median of 8.44%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 21.8% 6.85
FY2024 14.9% 6.13
FY2023 8.79% 2.21
FY2022 6.58% 2.73
FY2021 3.85% 1.65
FY2020 2.20% (5.66)
FY2019 7.86% (1.84)
FY2018 9.70% 2.73
FY2017 6.97% (33.22)
FY2016 40.2% 6.04

Quarterly newest first

Period Net margin Change (points)
Sep 2026 24.2% 0.08
Jun 2026 24.2% 1.70
Mar 2026 22.5% (0.62)
Dec 2025 23.1% (0.13)
39 more quarters

Against its own ten years

Low 2.20% High 40.2%
Ten-year median 8.79%
Current reading's percentile 90

Net margin against peers

Company Net margin
STNG Scorpio Tankers Inc. compare 77.1%
INSW International Seaways Inc. compare 68.2%
AM Antero Midstream Corporation compare 53.4%
CMBT CMB.TECH nv compare 51.1%
FRO Frontline PLC compare 49.4%
GLNG Golar LNG Limited compare 35.7%
HESM Hess Midstream Partners LP 23.5%
SOBO South Bow Corporation compare 23.0%
KNTK Kinetik Holdings Inc. compare 0.00%
Oil & Gas Midstream industry median 20.1%
Energy sector median 8.44%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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