Hess Midstream HESM Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Gathering | $204.1M-6.1% | $217.3M-4.4% | $227.3M+2.2% | $222.4M+9.2% | $203.6M-4.0% | |
| Processing And Storage | $148.4M-4.1% | $154.7M-3.1% | $159.6M+1.1% | $157.9M+6.8% | $147.8M-4.0% | |
| Terminaling And Export | $37.6M+16.8% | $32.2M-5.3% | $34M+0.3% | $33.9M+10.8% | $30.6M+2.3% | |
| Interest Income Expense Nonoperating Net by Business | ||||||
| Gathering | $0— | —— | —— | —— | $0— | |
| Processing And Storage | $0— | —— | —— | —— | $0— | |
| Terminaling And Export | $0— | —— | —— | —— | $0— | |
| Total Assets by Business | ||||||
| Gathering | $2.39B-1.1% | $2.41B+0.2% | $2.41B+2.5% | $2.35B+1.6% | $2.31B+0.7% | |
| Processing And Storage | $949.7M-1.4% | $962.8M-1.6% | $978.5M-0.8% | $986.5M-0.9% | $995.8M-1.5% | |
| Terminaling And Export | $228.9M-0.8% | $230.8M-2.3% | $236.3M-1.5% | $239.9M-1.8% | $244.4M-1.5% | |
| Income Tax Expense Benefit by Business | ||||||
| Gathering | $0— | —— | —— | —— | $0— | |
| Processing And Storage | $0— | —— | —— | —— | $0— | |
| Terminaling And Export | $0— | —— | —— | —— | $0— | |
| Income Loss From Continuing Operations Before Interest Income Taxes Depreciation And Amortization by Business | ||||||
| Gathering | $150.3M-7.6% | $162.7M-2.0% | $166M+0.9% | $164.5M+9.5% | $150.2M-2.1% | |
| Processing And Storage | $120.9M-3.0% | $124.7M-6.7% | $133.7M+3.3% | $129.4M+6.2% | $121.8M-3.3% | |
| Terminaling And Export | $30.7M+31.8% | $23.3M-0.4% | $23.4M-6.0% | $24.9M+9.2% | $22.8M+3.2% | |
| General And Administrative Expense by Business | ||||||
| Gathering | $4.1M+78.3% | $2.3M-14.8% | $2.7M-15.6% | $3.2M+6.7% | $3M-14.3% | |
| Processing And Storage | $1.4M0.0% | $1.4M-26.3% | $1.9M0.0% | $1.9M+11.8% | $1.7M-10.5% | |
| Terminaling And Export | $300K0.0% | $300K0.0% | $300K+50.0% | $200K-33.3% | $300K0.0% | |
| Income Loss From Equity Method Investments by Business | ||||||
| Gathering | $0— | —— | —— | —— | $0— | |
| Processing And Storage | $3.2M-3.0% | $3.3M-36.5% | $5.2M+30.0% | $4M+17.6% | $3.4M-12.8% | |
| Terminaling And Export | $0— | —— | —— | —— | $0— | |
| Property Plant And Equipment Gross Period Increase Decrease by Business | ||||||
| Gathering | $5.8M-86.4% | $42.6M-43.9% | $76M+16.7% | $65.1M+36.5% | $47.7M-37.0% | |
| Processing And Storage | $4.6M+4.5% | $4.4M+25.7% | $3.5M-27.1% | $4.8M+100% | $2.4M-70.0% | |
| Terminaling And Export | $0-100% | $600K+100% | $300K+200% | $100K— | $0-100% | |
| Operating Costs And Expenses by Business | ||||||
| Gathering | $49.7M-5.0% | $52.3M-10.8% | $58.6M+7.1% | $54.7M+8.5% | $50.4M-8.5% | |
| Processing And Storage | $29.3M-8.2% | $31.9M+9.2% | $29.2M-4.6% | $30.6M+10.5% | $27.7M-8.0% | |
| Terminaling And Export | $6.6M-23.3% | $8.6M-16.5% | $10.3M+17.0% | $8.8M+17.3% | $7.5M0.0% | |
| Depreciation by Business | ||||||
| Gathering | $37.7M+7.7% | $35M+1.4% | $34.5M+5.5% | $32.7M+0.9% | $32.4M+0.6% | |
| Processing And Storage | $16.4M+10.8% | $14.8M-16.4% | $17.7M+19.6% | $14.8M+0.7% | $14.7M-0.7% | |
| Terminaling And Export | $4.4M0.0% | $4.4M0.0% | $4.4M+2.3% | $4.3M-2.3% | $4.4M+2.3% | |
| Revenue (Gross) by Product | ||||||
| Oil And Gas Service | $166.3M-6.6% | $178M-4.4% | $186.2M+0.2% | $185.9M+8.4% | $171.5M-3.5% | |
| Processing And Storage Services | $139.1M-5.0% | $146.4M-3.3% | $151.4M-0.6% | $152.3M+6.1% | $143.6M-4.1% | |
| Terminaling And Export Services | $36.1M+16.5% | $31M-5.2% | $32.7M-1.2% | $33.1M+12.2% | $29.5M+2.1% | |
| Water Gathering And Disposal Services | $31.6M-4.2% | $33M-6.5% | $35.3M+3.8% | $34M+14.5% | $29.7M-7.5% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Hess Midstream break its business down?
- Hess Midstream (HESM) reports revenue by business across 3 parts — Gathering, Processing And Storage and Terminaling And Export. Each is extracted from the segment footnotes and tracked over time.
- Where does Hess Midstream's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Hess Midstream's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.