Hess Midstream HESM Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Gathering | $871.1M+6.9% | $870.6M+8.9% | $865.3M+10.9% | $841.5M+8.7% | $814.6M+8.1% | |
| Processing And Storage | $620.6M+5.8% | $620M+7.3% | $619.3M+11.6% | $604.8M+11.4% | $586.4M+11.4% | |
| Terminaling And Export | $137.7M+13.9% | $130.7M+10.1% | $128.4M+6.4% | $124.3M+0.9% | $120.9M+1.3% | |
| Total Assets by Business | ||||||
| Gathering | $9.56B+5.8% | $9.49B+7.1% | $9.37B+7.7% | $9.22B+7.9% | $9.04B+7.1% | |
| Processing And Storage | $3.88B-4.1% | $3.92B-4.0% | $3.97B-3.8% | $4.01B-3.8% | $4.04B-4.2% | |
| Terminaling And Export | $935.9M-6.4% | $951.4M-6.3% | $968.7M-6.1% | $984.2M-6.2% | $999.7M-6.2% | |
| Income Loss From Continuing Operations Before Interest Income Taxes Depreciation And Amortization by Business | ||||||
| Gathering | $643.5M+8.0% | $643.4M+9.9% | $634.1M+11.0% | $617.9M+9.6% | $595.8M+8.4% | |
| Processing And Storage | $508.7M+6.0% | $509.6M+7.6% | $510.8M+13.2% | $494.4M+12.1% | $479.9M+12.7% | |
| Terminaling And Export | $102.3M+16.3% | $94.4M+8.8% | $93.2M+7.1% | $92M+6.1% | $88M+1.4% | |
| General And Administrative Expense by Business | ||||||
| Gathering | $12.3M+9.8% | $11.2M+8.7% | $12.4M+20.4% | $12.1M+16.3% | $11.2M+5.7% | |
| Processing And Storage | $6.6M+13.8% | $6.9M+30.2% | $7.4M+42.3% | $6.7M+28.8% | $5.8M+9.4% | |
| Terminaling And Export | $1.1M0.0% | $1.1M+10.0% | $1.1M-8.3% | $1.1M-8.3% | $1.1M-8.3% | |
| Income Loss From Equity Method Investments by Business | ||||||
| Processing And Storage | $15.7M+6.8% | $15.9M+13.6% | $16.5M+32.0% | $15M+38.9% | $14.7M+67.0% | |
| Property Plant And Equipment Gross Period Increase Decrease by Business | ||||||
| Gathering | $189.5M-33.8% | $231.4M-14.4% | $264.5M+0.6% | $281.8M+22.6% | $286.2M+38.4% | |
| Processing And Storage | $17.3M+4.2% | $15.1M-14.2% | $18.7M+43.8% | $18.2M+28.2% | $16.6M+21.2% | |
| Terminaling And Export | $1M— | $1M— | $1M— | —— | —— | |
| Operating Costs And Expenses by Business | ||||||
| Gathering | $215.3M+3.7% | $216M+6.1% | $218.8M+9.9% | $211.5M+5.6% | $207.6M+7.5% | |
| Processing And Storage | $121M+4.9% | $119.4M+5.8% | $117.6M+5.9% | $118.7M+10.4% | $115.4M+11.0% | |
| Terminaling And Export | $34.3M+7.9% | $35.2M+13.9% | $34.1M+4.9% | $31.2M-11.6% | $31.8M+1.3% | |
| Depreciation by Business | ||||||
| Gathering | $139.9M+9.0% | $134.6M+6.2% | $131.8M+6.1% | $129.5M+7.1% | $128.3M+9.1% | |
| Processing And Storage | $63.7M+7.8% | $62M+4.9% | $62M+2.1% | $59.3M-1.5% | $59.1M-1.7% | |
| Terminaling And Export | $17.5M+0.6% | $17.5M+1.2% | $17.4M+0.6% | $17.3M0.0% | $17.4M+1.2% | |
| Revenue (Gross) by Product | ||||||
| Oil And Gas Service | $716.4M+4.5% | $721.6M+7.2% | $721.4M+9.0% | $706.2M+6.8% | $685.6M+5.7% | |
| Processing And Storage Services | $589.2M+3.5% | $593.7M+5.8% | $597M+10.6% | $586.4M+10.4% | $569.3M+10.0% | |
| Terminaling And Export Services | $132.9M+13.7% | $126.3M+10.0% | $124.2M+6.1% | $120.4M+0.3% | $116.9M+0.3% | |
| Water Gathering And Disposal Services | $133.9M+10.8% | $132M+11.4% | $131.1M+16.7% | $126.5M+16.7% | $120.9M+19.2% |
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.