HESMNYSECrude Petroleum & Natural GasFiscal year ends December 31
Hess Midstream LP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$30.23−0.43 (-1.40%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2017 to 2025
Operating margin
62.2%+9.4 pts over 5 years
Net margin
21.8%+19.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.4% | +8.3% | +8.2% | – | |
| Operating income | +9.7% | +8.4% | +11.8% | – | |
| Net income | +58.2% | +61.4% | +71.2% | – | |
| Free cash flow | +14.8% | +5.3% | +16.4% | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on assets | – | 0.7% | 8.3% | |
| Current ratio | – | 0.81 | 0.85 | |
| Capex to revenue | 24.9% | 27.6% | 15.8% |
Where the cash went
Fiscal 2021 to 2025, five years combined
Hess Midstream LP generated $4.45B from operations and spent $3.44B on capital expenditure, dividends and share buybacks. 35% of that went back into the business.
Generated
$4.45B
Used
$3.44B
Capital expenditure$1.19B35%Dividends$00%Share buybacks$2.25B65%
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$352.90M
- Cash generatingOperating cash flow above zero$983.80M
- Return on assets improvedROA up on the prior year5.9% → 8.5%
- Earnings backed by cashOperating cash flow above net income$983.80M vs $352.90M
- Less leverageLong-term debt to assets fell83.1% → 85.2%
- Better liquidityCurrent ratio rose0.68 → 0.85
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.39 → 0.39