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) P/E ratio
As of 16 October 2026, Hess Midstream Partners LP (HESM) trades at a P/E ratio of 10.6×. Over the past ten years it has ranged from 5.1× (March 2020) to 21.0× (January 2020); the current reading is higher than 1% of that period. That is below the Oil & Gas Midstream industry median of 12.8× and below the Energy sector median of 13.9×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 12.1× | (18.56%) |
| FY2024 | 14.8× | (2.40%) |
| FY2023 | 15.2× | 3.84% |
| FY2022 | 14.6× | (5.31%) |
| FY2021 | 15.4× | 4.90% |
| FY2020 | 14.7× | (20.85%) |
| FY2019 | 18.6× | 39.04% |
| FY2018 | 13.4× | (27.50%) |
| FY2017 | 18.4× | 0.00% |
| FY2016 | 18.4× | 0.00% |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 13.0× | (3.60%) |
| Mar 2026 | 13.4× | 11.50% |
| Dec 2025 | 12.1× | (1.54%) |
| Sep 2025 | 12.3× | (14.10%) |
| 38 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| CMBT CMB.TECH nv compare | 3.6× |
| STNG Scorpio Tankers Inc. compare | 4.6× |
| TRMD TORM PLC compare | 6.2× |
| INSW International Seaways Inc. compare | 7.0× |
| HESM Hess Midstream Partners LP | 10.6× |
| SOBO South Bow Corporation compare | 15.7× |
| KNTK Kinetik Holdings Inc. compare | 19.8× |
| AM Antero Midstream Corporation compare | 24.6× |
| GLNG Golar LNG Limited compare | 28.6× |
| Oil & Gas Midstream industry median | 12.8× |
| Energy sector median | 13.9× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)