Hess Midstream HESM Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Gathering | $204.1M+0.2% | $217.3M+2.5% | $227.3M+11.7% | $222.4M+13.8% | $203.6M+8.2% | |
| Processing And Storage | $148.4M+0.4% | $154.7M+0.5% | $159.6M+10.0% | $157.9M+13.2% | $147.8M+6.3% | |
| Terminaling And Export | $37.6M+22.9% | $32.2M+7.7% | $34M+13.7% | $33.9M+11.1% | $30.6M+7.7% | |
| 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+3.1% | $2.41B+5.0% | $2.41B+6.8% | $2.35B+8.5% | $2.31B+8.2% | |
| Processing And Storage | $949.7M-4.6% | $962.8M-4.8% | $978.5M-3.9% | $986.5M-3.2% | $995.8M-4.4% | |
| Terminaling And Export | $228.9M-6.3% | $230.8M-7.0% | $236.3M-6.2% | $239.9M-6.1% | $244.4M-6.0% | |
| 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+0.1% | $162.7M+6.1% | $166M+10.8% | $164.5M+15.5% | $150.2M+7.5% | |
| Processing And Storage | $120.9M-0.7% | $124.7M-1.0% | $133.7M+14.0% | $129.4M+12.6% | $121.8M+5.5% | |
| Terminaling And Export | $30.7M+34.6% | $23.3M+5.4% | $23.4M+5.4% | $24.9M+19.1% | $22.8M+5.6% | |
| General And Administrative Expense by Business | ||||||
| Gathering | $4.1M+36.7% | $2.3M-34.3% | $2.7M+12.5% | $3.2M+39.1% | $3M+42.9% | |
| Processing And Storage | $1.4M-17.6% | $1.4M-26.3% | $1.9M+58.3% | $1.9M+90.0% | $1.7M+41.7% | |
| Terminaling And Export | $300K0.0% | $300K0.0% | $300K0.0% | $200K0.0% | $300K+50.0% | |
| Income Loss From Equity Method Investments by Business | ||||||
| Gathering | $0— | —— | —— | —— | $0— | |
| Processing And Storage | $3.2M-5.9% | $3.3M-15.4% | $5.2M+40.5% | $4M+8.1% | $3.4M+25.9% | |
| Terminaling And Export | $0— | —— | —— | —— | $0— | |
| Property Plant And Equipment Gross Period Increase Decrease by Business | ||||||
| Gathering | $5.8M-87.8% | $42.6M-43.7% | $76M-18.5% | $65.1M-6.3% | $47.7M+50.5% | |
| Processing And Storage | $4.6M+91.7% | $4.4M-45.0% | $3.5M+16.7% | $4.8M+50.0% | $2.4M-29.4% | |
| Terminaling And Export | $0— | $600K0.0% | $300K— | $100K— | $0-100% | |
| Operating Costs And Expenses by Business | ||||||
| Gathering | $49.7M-1.4% | $52.3M-5.1% | $58.6M+14.2% | $54.7M+7.7% | $50.4M+8.9% | |
| Processing And Storage | $29.3M+5.8% | $31.9M+6.0% | $29.2M-3.6% | $30.6M+12.1% | $27.7M+9.9% | |
| Terminaling And Export | $6.6M-12.0% | $8.6M+14.7% | $10.3M+39.2% | $8.8M-6.4% | $7.5M+13.6% | |
| Depreciation by Business | ||||||
| Gathering | $37.7M+16.4% | $35M+8.7% | $34.5M+7.1% | $32.7M+3.8% | $32.4M+5.2% | |
| Processing And Storage | $16.4M+11.6% | $14.8M0.0% | $17.7M+18.0% | $14.8M+1.4% | $14.7M0.0% | |
| Terminaling And Export | $4.4M0.0% | $4.4M+2.3% | $4.4M+2.3% | $4.3M-2.3% | $4.4M+2.3% | |
| Revenue (Gross) by Product | ||||||
| Oil And Gas Service | $166.3M-3.0% | $178M+0.1% | $186.2M+8.9% | $185.9M+12.5% | $171.5M+7.7% | |
| Processing And Storage Services | $139.1M-3.1% | $146.4M-2.2% | $151.4M+7.5% | $152.3M+12.6% | $143.6M+6.1% | |
| Terminaling And Export Services | $36.1M+22.4% | $31M+7.3% | $32.7M+13.1% | $33.1M+11.8% | $29.5M+7.7% | |
| Water Gathering And Disposal Services | $31.6M+6.4% | $33M+2.8% | $35.3M+15.0% | $34M+19.7% | $29.7M+8.8% |
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.
