Hess Midstream LP (HESM) Revenue & Revenue Breakdown
Hess Midstream LP Revenue Highlights
Latest Revenue (Y)
$1.35B
Latest Revenue (Q)
$365.50M
Main Segment (Y)
Oil and Gas Service
Main Geography (Y)
Oil and Gas Service
Hess Midstream LP Revenue by Period
Hess Midstream LP Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $1.35B | 5.76% |
| 2022-12-31 | $1.28B | 5.93% |
| 2021-12-31 | $1.20B | 10.25% |
| 2020-12-31 | $1.09B | 28.72% |
| 2019-12-31 | $848.30M | 19.03% |
| 2018-12-31 | $712.70M | 25.96% |
| 2017-12-31 | $565.80M | 10.98% |
| 2016-12-31 | $509.80M | -9.79% |
| 2015-12-31 | $565.10M | 121.78% |
| 2014-12-31 | $254.80M | -5.52% |
| 2013-12-31 | $269.70M | 58.93% |
| 2012-12-31 | $169.70M | - |
Hess Midstream LP generated $1.35B in revenue during NA 2023, up 5.76% compared to the previous quarter, and up 189.22% compared to the same period a year ago.
Hess Midstream LP Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $365.50M | 2.78% |
| 2024-03-31 | $355.60M | -0.25% |
| 2023-12-31 | $356.50M | -1.33% |
| 2023-09-30 | $361.30M | 11.51% |
| 2023-06-30 | $324.00M | 6.23% |
| 2023-03-31 | $305.00M | -3.05% |
| 2022-12-31 | $314.60M | -6.03% |
| 2022-09-30 | $334.80M | 6.83% |
| 2022-06-30 | $313.40M | 0.32% |
| 2022-03-31 | $312.40M | -1.23% |
| 2021-12-31 | $316.30M | 4.08% |
| 2021-09-30 | $303.90M | 3.09% |
| 2021-06-30 | $294.80M | 2.08% |
| 2021-03-31 | $288.80M | 8.37% |
| 2020-12-31 | $266.50M | 0.64% |
| 2020-09-30 | $264.80M | -1.85% |
| 2020-06-30 | $269.80M | -7.22% |
| 2020-03-31 | $290.80M | 14.71% |
| 2019-12-31 | $253.50M | 29.73% |
| 2019-09-30 | $195.40M | 13.08% |
| 2019-06-30 | $172.80M | -0.80% |
| 2019-03-31 | $174.20M | 1.75% |
| 2018-12-31 | $171.20M | 1.00% |
| 2018-09-30 | $169.50M | 2.91% |
| 2018-06-30 | $164.70M | 4.90% |
| 2018-03-31 | $157.00M | 4.32% |
| 2017-12-31 | $150.50M | 2.59% |
| 2017-09-30 | $146.70M | 6.07% |
| 2017-06-30 | $138.30M | 6.14% |
| 2017-03-31 | $130.30M | -14.05% |
| 2016-12-31 | $151.60M | 26.02% |
| 2016-09-30 | $120.30M | 1.09% |
| 2016-06-30 | $119.00M | 0.08% |
| 2016-03-31 | $118.90M | -56.49% |
| 2015-12-31 | $273.30M | 167.42% |
| 2015-09-30 | $102.20M | 1.69% |
| 2015-06-30 | $100.50M | 12.79% |
| 2015-03-31 | $89.10M | 12.50% |
| 2014-12-31 | $79.20M | 12.66% |
| 2014-09-30 | $70.30M | 7.00% |
| 2014-06-30 | $65.70M | 65.91% |
| 2014-03-31 | $39.60M | -34.44% |
| 2013-12-31 | $60.40M | -25.25% |
| 2013-09-30 | $80.80M | - |
Hess Midstream LP generated $365.50M in revenue during Q2 2024, up 2.78% compared to the previous quarter, and up 119.84% 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/Service | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|
| Processing And Storage Services | $470.80M | $435.70M | $370.30M | $294.70M |
| 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 | - | - | - |
| 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 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%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Third Party Services | $6.10M | $5.30M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Affiliate Services | $358.50M | $349.40M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Oil and Gas Service | - | - | $170.50M | $152.70M | $144.60M | $146.60M | $160.50M | $148.40M | $145.30M | - | - | - | - | - | - | - | - |
| 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 | - |
| 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 | - |
| Oil And Gas Service | - | - | - | - | - | - | - | - | - | $143.00M | $133.40M | $128.70M | $120.10M | $118.70M | $113.10M | $117.40M | - |
| Terminaling And Export | - | - | - | - | - | - | - | - | - | - | $35.50M | - | - | - | - | - | - |
| Gathering | - | - | - | - | - | - | - | - | - | - | $157.30M | - | - | - | - | - | - |
| Processing And Storage | - | - | - | - | - | - | - | - | - | - | $111.10M | - | - | - | - | - | - |
Hess Midstream LP's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Affiliate Services (98.33%), and Third Party Services (1.67%).
Hess Midstream LP Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 22 | Dec 21 | Dec 20 | Dec 19 | Dec 18 |
|---|---|---|---|---|---|
| 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 | - |
| Terminaling And Export Services | $124.50M | $137.50M | $159.40M | $130.00M | - |
| Oil And Gas Service | - | $540.40M | $469.30M | - | - |
| Oil And Gas Gathering Services | - | - | - | $345.60M | - |
| Processing And Storage | - | - | - | - | $251.40M |
| Gathering | - | - | - | - | $324.90M |
| Terminaling And Export | - | - | - | - | $86.10M |
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
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| ET | Energy Transfer LP | $78.59B | $21.63B |
| EPD | Enterprise Products Partners | $49.72B | $13.48B |
| PAA | Plains All American Pipeline | $48.74B | $12.93B |
| MPLX | MPLX LP | $10.68B | $3.05B |
| ENLC | EnLink Midstream, LLC | $6.88B | $1.68B |
| GEL | Genesis Energy | $3.18B | $756.26M |
| WES | Western Midstream Partners, LP | $3.11B | $887.73M |
| HESM | Hess Midstream LP | $1.35B | $365.50M |
| AM | Antero Midstream | $1.04B | $269.80M |
HESM Revenue FAQ
What is Hess Midstream LP’s yearly revenue?
Hess Midstream LP's yearly revenue for 2023 was $1.35B, representing an increase of 5.76% compared to 2022. The company's yearly revenue for 2022 was $1.28B, representing an increase of 5.93% compared to 2021. HESM's yearly revenue for 2021 was $1.2B, representing an increase of 10.25% compared to 2020.
What is Hess Midstream LP’s quarterly revenue?
Hess Midstream LP'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). The company's quarterly revenue for Q1 2024 was $355.6M, a -0.25% decrease from the previous quarter (Q4 2023), and a 16.59% increase year-over-year (Q1 2023). HESM's quarterly revenue for Q4 2023 was $356.5M, a -1.33% decrease from the previous quarter (Q3 2023), and a 13.32% increase year-over-year (Q4 2022).
What is Hess Midstream LP’s revenue growth rate?
Hess Midstream LP's revenue growth rate for the last 3 years (2021-2023) was 12.03%, and for the last 5 years (2019-2023) was 58.98%.
What are Hess Midstream LP’s revenue streams?
Hess Midstream LP's revenue streams in c 22 are Processing And Storage Services, Terminaling And Export Services, Water Gathering And Disposal Services, and Oil and Gas Service. Processing And Storage Services generated $470.8M in revenue, accounting 36.98% of the company's total revenue, up 8.06% year-over-year. Terminaling And Export Services generated $124.5M in revenue, accounting 9.78% of the company's total revenue, down -9.45% year-over-year. Water Gathering And Disposal Services generated $77.1M in revenue, accounting 6.06% of the company's total revenue, down -14.52% year-over-year. Oil and Gas Service generated $600.8M in revenue, accounting 47.19% of the company's total revenue
What is Hess Midstream LP’s main source of revenue?
For the fiscal year ending Dec 22, the largest source of revenue of Hess Midstream LP was Oil and Gas Service. This segment made a revenue of $600.8M, representing 47.19% of the company's total revenue.