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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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$135.02B+10.6%
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Kinetik HoldingsKNTK
$7.02B+2.2%
TRG
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$77.24B+111%
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National Fuel GasNFG
$9.67B-4.5%

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%
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.

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 enterprise value?
Hess Midstream (HESM) reported enterprise value of $8.5B in Q2 2026.
How has Hess Midstream's enterprise value changed year-over-year?
Hess Midstream's enterprise value decreased by 2.5% year-over-year, from $8.72B to $8.5B.
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.

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