FY2025 · ended Dec 31, 2025 · Revenue $1.62B, +8.4% YoY · Filed Feb 25, 2026
Hess Midstream LP (HESM) files with the SEC under industry code 1311, Crude Petroleum & Natural Gas. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $1.6 billion and net income of $352.9 million. Free cash flow was $728.2 million. As of Jun 30, 2026 it held $5.0 million in cash and investments and $3.7 billion in total debt.
Revenue (TTM)
$1.61B
+2.7% vs year-ago TTM
Net income (TTM)
$375.00M
+28.9% vs year-ago TTM
Operating cash flow (TTM)
$1.04B
+7.7% vs year-ago TTM
Free cash flow (TTM)
$837.80M
+25.7% vs year-ago TTM
EPS
—
Dividend per share
None
Shares outstanding
129.40M
+10.9% vs prior year
Net cash
$-3.67B
as of Jun 30, 2026
Operating margin
62.3%
FY 2026
Company profile
- Industry
- Crude Petroleum & Natural Gas (SIC 1311)
- Listed as
- HESM (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Houston, TX
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1789832
Other Crude Petroleum & Natural Gas companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.5B | $1.3B | $1.3B | $1.2B |
| Operating income | $1.0B | $919.0M | $816.9M | $791.2M | $727.2M |
| Net income | $352.9M | $223.1M | $118.6M | $83.9M | $46.4M |
| Operating cash flow | $983.8M | $940.3M | $866.4M | $861.1M | $795.5M |
| Free cash flow | $728.2M | $634.2M | $642.9M | $622.9M | $632.3M |
| Total assets | $4.4B | $4.2B | $3.8B | $3.6B | $3.5B |
| Total liabilities | $4.0B | $3.7B | $3.4B | $3.1B | $2.7B |
| Cash and investments | $1.9M | $4.3M | $5.4M | $3.1M | $2.2M |
| Total debt | $3.8B | $3.5B | $3.2B | $2.9B | $2.6B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Results of operations
|
Oct 30, 2026 | Oct 30, 2026 |
| 8-K |
Current report
Material agreement, Officer or director change, Regulation FD disclosure, Other events
|
Oct 8, 2026 | Oct 6, 2026 |
| 10-Q | Quarterly report | Aug 6, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 3, 2026 | Aug 3, 2026 |
| 10-Q | Quarterly report | May 7, 2026 | Mar 31, 2026 |
| 8-K |
Current report
Results of operations
|
May 4, 2026 | May 4, 2026 |
All 422 Hess Midstream LP SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.