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Other financials

Income statement

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Revenue$390.1M+2.1%
Operating income$238.1M+0.3%
Net income$87.6M+22.3%

Balance sheet

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Cash & equivalents$4.6M-24.6%
Total debt$3.8B+5.6%
Total assets$4.3B+1.3%

Cash flow

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Operating cash flow$253.3M+25.1%
CapEx$28.8M-36.7%
Free cash flow$224.5M+43.1%

Valuation

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Market cap$4.72B+1.9%
Enterprise value$8.49B+3.5%
P/E12.8×-5.7×
P/S2.9×-0.1×

Profitability

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Operating margin61.9%+0.5pp
Net margin22.6%+6.2pp
FCF margin48.8%+5.4pp

Returns & leverage

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Current ratio0.9×+0.1×

Where this comes from

Calculated from Hess Midstream’s reported figures.

$238.1Mebit+
$58.5MDepreciation Depletion & Amortization
=$296.6M

The official record: Hess Midstream’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hess Midstream's EBITDA?
Hess Midstream (HESM) reported EBITDA of $296.6M in Q1 2026.
How has Hess Midstream's EBITDA changed year-over-year?
Hess Midstream's EBITDA increased by 2.7% year-over-year, from $288.9M to $296.6M.
What is the long-term trend for Hess Midstream's EBITDA?
Over 4 years (2021 to 2025), Hess Midstream's EBITDA has grown at a 8.2% compound annual growth rate (CAGR), from $892.8M to $1.22B.
What does EBITDA mean?
Earnings before interest, taxes, depreciation, and amortization — EBIT plus the D&A add-back from the cash-flow statement (EBITDA = EBIT + D&A). A proxy for cash earnings that strips out financing, tax, and non-cash charges.