Hess Midstream LP (HESM) Earnings History
Growth Compounder14 years of earnings data (2012–2025) · Consistent double-digit EPS growth over 5 years
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Hess Midstream LP (HESM) Earnings Overview
As of July 7, 2026, Hess Midstream LP (HESM) reported trailing twelve-month net income of $369M, reflecting +14.9% year-over-year growth. The company earned $2.86 per diluted share over the past four quarters, with a net profit margin of 21.8%.
Looking at the long-term picture, HESM's 5-year EPS compound annual growth rate (CAGR) stands at +16.9%, indicating exceptional earnings growth. The company achieved its highest annual net income of $353M in fiscal 2025, representing a new all-time high.
Hess Midstream LP maintains industry-leading profitability with a gross margin of 63.9%, operating margin of 62.2%, and net margin of 21.8%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including TRGP ($2.13B net income, 10.8% margin), DKL ($170M net income, 17.4% margin), WES ($1.21B net income, 30.4% margin), HESM has outperformed on profitability metrics. Compare HESM vs TRGP →
HESM Earnings vs Peers
Earnings metrics vs comparable public companies
HESM Historical Earnings Data (2012–2025)
14 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $353M | +58.2% | $1.01B | $2.86 | 21.8% | 62.2% |
| 2024 | $223M | +88.1% | $919M | $2.49 | 15.0% | 61.6% |
| 2023 | $119M | +41.4% | $817M | $2.08 | 8.8% | 60.7% |
| 2022 | $84M | +80.8% | $791M | $2.01 | 6.6% | 62.1% |
| 2021 | $46M | +93.3% | $727M | $1.76 | 3.9% | 60.4% |
| 2020 | $24M | -65.8% | $577M | $1.31 | 2.2% | 52.8% |
| 2019 | $70M | +1.4% | $377M | $1.22 | 8.3% | 44.4% |
| 2018 | $69M | +67.7% | $378M | $1.27 | 9.7% | 53.1% |
| 2017 | $41M | -79.9% | $263M | $0.75 | 7.1% | 45.4% |
| 2016 | $205M | +5.9% | $206M | $3.76 | 40.2% | 40.5% |
| 2015 | $193M | +487.8% | $195M | $3.54 | 34.2% | 34.5% |
| 2014 | $33M | +120.1% | $35M | $0.60 | 12.9% | 13.7% |
| 2013 | -$164M | -121.7% | -$164M | $-3.00 | -60.7% | -60.7% |
| 2012 | -$74M | - | -$74M | $-1.35 | -43.5% | -43.5% |
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HESM — Frequently Asked Questions
Quick answers to the most common questions about buying HESM stock.
What is HESM earnings per share (EPS)?
HESM trailing twelve-month (TTM) diluted EPS is $2.86, reflecting +14.9% year-over-year growth. The 5-year EPS CAGR is +16.9%. Complete EPS history from 2012 to 2025 is available in the table on this page.
What is Hess Midstream LP's net income?
Hess Midstream LP (HESM) trailing twelve-month net income is $369M as of 2025. Earnings grew +14.9% year-over-year. Hess Midstream LP has been profitable for 12 consecutive years.
Is HESM profitable?
Yes, HESM is profitable with a TTM net income of $369M and a net profit margin of +21.8%. Hess Midstream LP has generated profits for 12 consecutive years.
What is HESM's earnings growth rate?
HESM compound annual EPS growth rates (CAGR): 1-Year: +14.9%, 3-Year: +12.5%, 5-Year: +16.9%, 10-Year: -2.1%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2012 to 2025.
What are HESM's profit margins?
Hess Midstream LP net profit margin is +21.8%, operating margin is +62.2%, and gross margin is +63.9%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +78.1%.
Is HESM growing earnings?
HESM is growing earnings steadily. YoY EPS growth of +14.9% is consistent with the 5-year CAGR of +16.9%. TTM net income is $369M.
What was HESM's best earnings year?
Hess Midstream LP's highest annual net income on record is $353M, achieved in fiscal year 2025. Earnings history on this page spans 2012 to 2025 and includes all annual and quarterly figures.
What were HESM's earnings last quarter?
HESM's most recent reported quarter was Q1 2026. Net income was $88M with diluted EPS of $0.68. For a full breakdown of all quarters, see the quarterly earnings table on this page.