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EBITDA margin at other companies

Enbridge logo
EnbridgeENB
23.5%-2.8pp
Oneok logo
OneokOKE
21.2%-4.5pp
Energy Transfer logo
Energy TransferET
15.7%-2.5pp
Kinetik Holdings logo
Kinetik HoldingsKNTK
30.8%-1.7pp
TRG
Targa ResourcesTRGP
32.8%+6.5pp
National Fuel Gas logo
National Fuel GasNFG
59.4%

Other financials

Income statement

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Revenue$399.0M-3.7%
Operating income$253.2M-2.7%
Net income$96.4M+6.8%

Balance sheet

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Cash & equivalents$5.0M+11.1%
Total debt$3.7B-0.9%
Total assets$4.3B-3.8%

Cash flow

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Operating cash flow$278.6M+0.6%
CapEx$23.1M-63.6%
Free cash flow$255.5M+19.7%

Valuation

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Market cap$5.13B-6.4%
Enterprise value$8.8B-4.2%
P/E13.7×-5.2×
P/S3.2×-0.3×

Profitability

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Operating margin62.1%+0.2pp
Net margin23.2%+4.7pp
FCF margin51.9%+9.5pp

Returns & leverage

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Current ratio0.8×+0.1×

Where this comes from

Calculated from Hess Midstream’s reported figures.

Based on trailing twelve months.

The source filing: Hess Midstream’s 10-Q, filed August 6, 2026. Open the filing →

Filed
Aug 6, 2026, 4:15 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-338055

FAQ

What is Hess Midstream's EBITDA margin?
Hess Midstream (HESM) reported EBITDA margin of 75.9% in Q2 2026.
How has Hess Midstream's EBITDA margin changed year-over-year?
Hess Midstream's EBITDA margin increased by 1.2% year-over-year, from 75% to 75.9%.
What is the long-term trend for Hess Midstream's EBITDA margin?
Over 5 years (2020 to 2025), Hess Midstream's EBITDA margin has grown at a 2.3% compound annual growth rate (CAGR), from 67.2% to 75.4%.
What does EBITDA margin mean?
EBITDA (earnings before interest, taxes, depreciation, and amortization) as a percentage of revenue, trailing twelve months. A proxy for cash operating profitability that strips out capital-structure and non-cash charges.

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