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Hess Midstream HESM Gathering — Operating Costs And Expenses

Other segment segments

Processing And Storage
$29.3M+5.8%
Terminaling And Export
$6.6M-12.0%

Similar metrics at other companies

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EQTGathering — Total Operating Expenses
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TRG
TRGPGathering And Processing — Operating Expenses
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NFGAll Other — Gathering Operation and Maintenance Expense
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NFGIntegrated Upstream and Gathering — Gathering Operation and Maintenance Expense
$13.81M+50.7%

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

Reported directly by Hess Midstream in its filing.

Tagged under the XBRL concept us-gaap:OperatingCostsAndExpenses.

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 gathering — operating costs and expenses?
Hess Midstream (HESM) reported gathering — operating costs and expenses of $49.7M in Q1 2026.
How has Hess Midstream's gathering — operating costs and expenses changed year-over-year?
Hess Midstream's gathering — operating costs and expenses decreased by 1.4% year-over-year, from $50.4M to $49.7M.
What is the long-term trend for Hess Midstream's gathering — operating costs and expenses?
Over 3 years (2022 to 2025), Hess Midstream's gathering — operating costs and expenses has grown at a 8.3% compound annual growth rate (CAGR), from $170.2M to $216M.
What does gathering — operating costs and expenses mean?
Includes the direct costs associated with operating and maintaining the gathering infrastructure, such as field labor, maintenance, and utility expenses. Monitoring this metric helps assess the operational efficiency and cost management discipline within the gathering business segment.