State Ledger
Company profile

Hess Midstream LP CIK 1789832

Ticker
HESM (NYSE)
Industry
Crude Petroleum & Natural Gas
Headquarters
Houston, TX 77002
Fiscal year end
2025 (FY)
Market Data
Close
$32.37
Change
+$0.11
Change %
0.34%
Volume
201,252

HESM · trading date Oct 12, 2026 · previous close $32.26 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
$1.62B
Net income
$352.90M
Total assets
$4.39B
Total liabilities
$3.95B
Stockholders' equity
—
Cash & equivalents
$1.90M
Operating income
$1.01B
Operating cash flow
$983.80M
Capital expenditures
$255.60M

Fiscal year 2025, via 10-K filed 2026-02-25. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
62.2%
Net margin
21.8%
Free cash flow
$728.20M
Free cash flow margin
44.9%
Liabilities / assets
90.0%
Equity / assets
—
CapEx / revenue
15.8%
Operating cash flow / net income
2.79×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 $1.62B $352.90M $4.39B $3.95B —
2024 $1.50B $223.10M $4.15B $3.69B —
2023 $1.35B $118.60M $3.79B $3.43B —
2022 $1.28B $83.90M $3.59B $3.06B —
2021 $1.20B $46.40M $3.49B $2.73B —
Company Details
SIC code
1311
State of incorporation
DE
Active filer
Yes
Most recent SEC filing
Form SCHEDULE 13G/A
2026-08-07
Financials filed via
Form 10-K
filed 2026-02-25

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
Houston, TX 77002
1400 SMITH STREET
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:58 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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