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Hess Midstream LP (HESM) Revenue & Revenue Breakdown

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Hess Midstream LP Revenue Highlights

Latest Revenue (Y)

$1.50B

Latest Revenue (Q)

$395.00M

Main Segment (Y)

Affiliate Services

Main Geography (Y)

Oil and Gas Service

Hess Midstream LP Revenue by Period

Hess Midstream LP Revenue by Year

DateRevenueChange
2024-12-31$1.50B10.89%
2023-12-31$1.35B5.76%
2022-12-31$1.28B5.93%
2021-12-31$1.20B10.25%
2020-12-31$1.09B28.72%
2019-12-31$848.30M19.03%
2018-12-31$712.70M25.96%
2017-12-31$565.80M10.98%
2016-12-31$509.80M-9.79%
2015-12-31$565.10M121.78%
2014-12-31$254.80M-5.52%
2013-12-31$269.70M58.93%
2012-12-31$169.70M-

Hess Midstream LP generated $1.50B in revenue during NA 2024, up 10.89% compared to the previous quarter, and up 176.29% compared to the same period a year ago.

Hess Midstream LP Revenue by Quarter

DateRevenueChange
2024-12-31$395.00M4.36%
2024-09-30$378.50M3.56%
2024-06-30$365.50M2.78%
2024-03-31$355.60M-0.25%
2023-12-31$356.50M-1.33%
2023-09-30$361.30M11.51%
2023-06-30$324.00M6.23%
2023-03-31$305.00M-2.84%
2022-12-31$313.90M-6.07%
2022-09-30$334.20M6.64%
2022-06-30$313.40M0.32%
2022-03-31$312.40M-1.23%
2021-12-31$316.30M4.08%
2021-09-30$303.90M3.09%
2021-06-30$294.80M2.08%
2021-03-31$288.80M8.37%
2020-12-31$266.50M0.64%
2020-09-30$264.80M-1.85%
2020-06-30$269.80M-7.22%
2020-03-31$290.80M14.71%
2019-12-31$253.50M29.73%
2019-09-30$195.40M13.08%
2019-06-30$172.80M-0.80%
2019-03-31$174.20M1.75%
2018-12-31$171.20M1.00%
2018-09-30$169.50M2.91%
2018-06-30$164.70M4.90%
2018-03-31$157.00M4.32%
2017-12-31$150.50M2.59%
2017-09-30$146.70M6.07%
2017-06-30$138.30M6.14%
2017-03-31$130.30M-14.05%
2016-12-31$151.60M26.02%
2016-09-30$120.30M1.09%
2016-06-30$119.00M0.08%
2016-03-31$118.90M-56.49%
2015-12-31$273.30M167.42%
2015-09-30$102.20M1.69%
2015-06-30$100.50M12.79%
2015-03-31$89.10M12.50%
2014-12-31$79.20M12.66%
2014-09-30$70.30M7.00%
2014-06-30$65.70M65.91%
2014-03-31$39.60M-34.44%
2013-12-31$60.40M-25.25%
2013-09-30$80.80M-

Hess Midstream LP generated $395.00M in revenue during Q4 2024, up 4.36% compared to the previous quarter, and up 109.33% compared to the same period a year ago.

Hess Midstream LP Revenue Breakdown

Hess Midstream LP Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 22Dec 21Dec 20Dec 19
Affiliate Services$1.47B----
Third Party Services$24.10M----
Oil and Gas Service-$600.80M---
Terminaling And Export Services-$124.50M$137.50M$159.40M$130.00M
Water Gathering And Disposal Services-$77.10M$90.20M$92.60M$77.30M
Processing And Storage Services-$470.80M$435.70M$370.30M$294.70M
Oil And Gas Service--$540.40M$469.30M-
Oil And Gas Gathering Services----$345.60M

Hess Midstream LP's latest annual revenue breakdown by segment (product or service), as of Dec 24: Affiliate Services (98.38%), and Third Party Services (1.62%).

Quarterly Revenue by Product

Product/ServiceMar 25Dec 24Sep 24Jun 24Mar 24Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
Affiliate Services$374.30M$388.50M$371.40M$358.50M$349.40M---------------
Third Party Services$6.70M$6.50M$6.20M$6.10M$5.30M---------------
Oil and Gas Service-----$170.50M$152.70M$144.60M$146.60M$160.50M$148.40M$145.30M--------
Processing And Storage Services-----$132.20M$121.60M$113.80M$118.80M$121.70M$116.50M$113.80M$115.80M$105.30M$103.50M$96.60M$90.10M$86.80M$96.80M-
Terminaling And Export Services-----$31.80M$26.20M$25.20M$29.00M$30.50M$30.30M$34.70M$34.50M$34.90M$32.60M$28.90M$31.70M$46.60M$52.20M-
Water Gathering And Disposal Services-----$26.80M$21.40M$19.80M$19.50M$21.50M$17.80M$18.30M$23.00M$21.20M$24.00M$20.90M$24.20M$23.30M$24.20M-
Oil And Gas Service------------$143.00M$133.40M$128.70M$120.10M$118.70M$113.10M$117.40M-
Gathering-------------$157.30M------
Terminaling And Export-------------$35.50M------
Processing And Storage-------------$111.10M------

Hess Midstream LP's latest quarterly revenue breakdown by segment (product or service), as of Mar 25: Affiliate Services (98.24%), and Third Party Services (1.76%).

Hess Midstream LP Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 22Dec 21Dec 20Dec 19Dec 18
Terminaling And Export Services$124.50M$137.50M$159.40M$130.00M-
Water Gathering And Disposal Services$77.10M$90.20M$92.60M$77.30M-
Oil and Gas Service$600.80M----
Processing And Storage Services$470.80M$435.70M$370.30M$294.70M-
Oil And Gas Service-$540.40M$469.30M--
Oil And Gas Gathering Services---$345.60M-
Gathering----$324.90M
Terminaling And Export----$86.10M
Processing And Storage----$251.40M

Hess Midstream LP's latest annual revenue breakdown by geography, as of Dec 22: Oil and Gas Service (47.19%), Processing And Storage Services (36.98%), Terminaling And Export Services (9.78%), and Water Gathering And Disposal Services (6.06%).

Hess Midstream LP Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
ETEnergy Transfer LP$82.67B$19.54B
EPDEnterprise Products Partners$56.22B$15.42B
PAAPlains All American Pipeline$50.07B$12.40B
MPLXMPLX LP$11.93B$2.84B
WESWestern Midstream Partners, LP$3.61B$928.50M
GELGenesis Energy$2.97B$725.55M
HESMHess Midstream LP$1.50B$395.00M
KNTKKinetik$1.48B$385.72M
AMAntero Midstream$1.11B$291.13M

HESM Revenue FAQ

What is Hess Midstream LP’s yearly revenue?

Hess Midstream LP's yearly revenue for 2024 was $1.5B, representing an increase of 10.89% compared to 2023. The company's yearly revenue for 2023 was $1.35B, representing an increase of 5.76% compared to 2022. HESM's yearly revenue for 2022 was $1.28B, representing an increase of 5.93% compared to 2021.

What is Hess Midstream LP’s quarterly revenue?

Hess Midstream LP's quarterly revenue for Q4 2024 was $395M, a 4.36% increase from the previous quarter (Q3 2024), and a 10.80% increase year-over-year (Q4 2023). The company's quarterly revenue for Q3 2024 was $378.5M, a 3.56% increase from the previous quarter (Q2 2024), and a 4.76% increase year-over-year (Q3 2023). HESM's quarterly revenue for Q2 2024 was $365.5M, a 2.78% increase from the previous quarter (Q1 2024), and a 12.81% increase year-over-year (Q2 2023).

What is Hess Midstream LP’s revenue growth rate?

Hess Midstream LP's revenue growth rate for the last 3 years (2022-2024) was 17.28%, and for the last 5 years (2020-2024) was 36.96%.

What are Hess Midstream LP’s revenue streams?

Hess Midstream LP's revenue streams in c 24 are Affiliate Services, and Third Party Services. Affiliate Services generated $1.47B in revenue, accounting 98.38% of the company's total revenue Third Party Services generated $24.1M in revenue, accounting 1.62% of the company's total revenue

What is Hess Midstream LP’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Hess Midstream LP was Affiliate Services. This segment made a revenue of $1.47B, representing 98.38% of the company's total revenue.