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Hess Midstream HESM Free cash flow

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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%

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.

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 free cash flow?
Hess Midstream (HESM) reported free cash flow of $224.5M in Q1 2026.
How has Hess Midstream's free cash flow changed year-over-year?
Hess Midstream's free cash flow increased by 43.1% year-over-year, from $156.9M to $224.5M.
What is the long-term trend for Hess Midstream's free cash flow?
Over 4 years (2021 to 2025), Hess Midstream's free cash flow has grown at a 3.6% compound annual growth rate (CAGR), from $632.3M to $728.2M.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.