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Hess Midstream LP (HESM) is an energy company in the oil and gas collection operations industry, based in Houston, United States.
It reported revenue of $1.62 billion for fiscal year 2025, up 8.4% from fiscal year 2024, and net income of $352.90 million. In Q2 2026 (the quarter ended June 30, 2026) revenue was $397.70 million, down 3.8% from a year before. Its largest business segment, Gathering, brought in 54% of segment revenue in fiscal year 2025. Its market capitalization was $6.65 billion as of October 9, 2026.
Figures from company filings and market data; latest fiscal year ended December 31, 2025; market data as of October 9, 2026.
Hess Midstream LP acquires, owns, operates, and develops midstream assets and provide fee-based services to sponsor, its subsidiaries, and third-party customers in the United States. It operates through three segments: Gathering; Processing and Storage; and Terminaling and Export.
Hess Midstream reported $1.62 billion in revenue for fiscal year 2025, up 8.4% from $1.49 billion in fiscal year 2024. In Q2 2026 revenue was $397.70 million.
Gathering, with $870.60 million or 54% of segment revenue in fiscal year 2025. Next: Processing and Storage (38%) and Terminaling and Export (8%).
$6.65 billion as of October 9, 2026.
Listed companies of a similar size in the same industry (oil and gas collection operations) include DT Midstream, Inc. (DTM), Kinetik Holdings Inc. (KNTK), Antero Midstream Corporation (AM), Summit Midstream Corporation (SMC).