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Hess Midstream HESM Q3 2025 earnings

Reported November 3, 2025 · Before market open

Revenue$420.9MBeat by $3.0M
EPS$0.75Beat by $0.02
Revenue estimate$417.9M
EPS estimate$0.73

Next report

Nov 2, 2026 (in 2 months)
Revenue estimate$411.3M
EPS estimate$0.74

Financials

Q3 2025

Income statement

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Revenue$420.9M+11.2%
Operating income$258.9M+11.7%
Net income$97.7M+66.7%

Balance sheet

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Cash & equivalents$5.5M-46.6%
Total debt$3.8B+8.7%
Total assets$4.4B+7.0%

Cash flow

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Operating cash flow$258.9M+15.1%
CapEx$80.0M-13.3%
Free cash flow$178.9M+34.9%

Valuation & ratios

Valuation

as of 09/30/25
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Market cap$4.53B+23.4%
Enterprise value$8.32B+16.3%
P/E13.7×-5.6×
P/S2.8×+0.3×

Profitability

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Operating margin62%+1.1pp
Net margin20.5%+7.4pp
FCF margin44.2%-0.8pp

Returns & leverage

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Current ratio0.7×+0.1×

Segments

By product

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Oil And Gas Service$186.2M+8.9%
Processing And Storage Services$151.4M+7.5%
Water Gathering And Disposal Services$35.3M+15.0%
Terminaling And Export Services$32.7M+13.1%

By segment

See full
Gathering$227.3M+11.7%
Processing And Storage$159.6M+10.0%
Terminaling And Export$34.0M+13.7%

FAQ

When did Hess Midstream report Q3 2025 earnings?
Hess Midstream (HESM) reported Q3 2025 earnings on November 3, 2025 before market open.
What were Hess Midstream's Q3 2025 revenue and EPS?
Hess Midstream reported revenue of $420.9M and eps of $0.75 for Q3 2025.
Did Hess Midstream beat estimates in Q3 2025?
Revenue beat the consensus estimate of $417.9M by $3.0M. EPS beat the consensus estimate of $0.73 by $0.02.
How did Hess Midstream's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 11.2% from $378.5M a year earlier and eps grew 19.0% from $0.63.
Where can I find Hess Midstream's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001193125-25-261718) and the 10-Q periodic report (0001193125-25-269594) directly on SEC EDGAR. The filing index links above go to sec.gov.