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Hess Midstream HESM Enterprise value

Enterprise value at other companies

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EnbridgeENB
$118B-38.7%
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OneokOKE
$89.17B-2.9%
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Energy TransferET
$136.55B+10.2%
TRG
Targa ResourcesTRGP
$54.1B+23.6%
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Enterprise Products PartnersEPD
$115.79B+9.7%
National Fuel Gas logo
National Fuel GasNFG
$11.03B+14.1%

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%
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.

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 enterprise value?
Hess Midstream (HESM) reported enterprise value of $8.8B in Q1 2026.
How has Hess Midstream's enterprise value changed year-over-year?
Hess Midstream's enterprise value increased by 3.5% year-over-year, from $8.5B to $8.8B.
What is the long-term trend for Hess Midstream's enterprise value?
Over 5 years (2020 to 2025), Hess Midstream's enterprise value has grown at a 26.3% compound annual growth rate (CAGR), from $2.57B to $8.23B.
What does enterprise value mean?
Market capitalization plus total debt minus cash, at the quarter end. The cost to acquire the whole business — what an buyer pays for equity and debt, net of the cash they'd inherit.