NYSE:HESM
Hess Midstream LP
Hess Midstream LP's revenue grew 8.4% in fiscal 2025 to $1.6B while operating margin rose to 62.2%, its highest in 9 years. Free cash flow was $728.2M, 44.9% of revenue.Summary generated from Hess Midstream LP's SEC filings. Latest annual report filed Feb 25, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$1.6B
Revenue growth+8.4%
Revenue, 5-yr CAGR+8.2%
Gross marginn/a
Operating margin62.2%
Net margin21.8%
ROICn/a
Return on equityn/a
Debt / equityn/a
Free cash flow$728.2M
FCF margin44.9%
Share count changen/a
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 1,204 | 1,275 | 1,349 | 1,496 | 1,621 |
| Operating income | 727 | 791 | 817 | 919 | 1,008 |
| Net income | 46 | 84 | 119 | 223 | 353 |
| Free cash flow | 632 | 623 | 643 | 634 | 728 |
Recent filings
- 8-KEntry into a material agreement
Oct 8, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 6, 2026 - 8-KResults of operations and financial condition
Aug 3, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
May 7, 2026 - 8-KResults of operations and financial condition
May 4, 2026 - 4Insider transaction report
Mar 10, 2026 - 4Insider transaction report
Mar 10, 2026 - 8-KEntry into a material agreement
Mar 4, 2026