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Hess Midstream LP (HESM) Revenue & Revenue Breakdown

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Hess Midstream LP Revenue Highlights

Latest Revenue (Y)

$1.62B

Latest Revenue (Q)

$390.10M

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
2025-12-31$1.62B8.67%
2024-12-31$1.49B10.83%
2023-12-31$1.35B5.73%
2022-12-31$1.27B5.77%
2021-12-31$1.20B10.28%
2020-12-31$1.09B28.79%
2019-12-31$847.60M19.04%
2018-12-31$712.00M22.86%
2017-12-31$579.50M13.67%
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 $1.62B in revenue during NA 2025, up 8.67% compared to the previous quarter, and up 148.53% compared to the same period a year ago.

Hess Midstream LP Revenue by Quarter

DateRevenueChange
2026-03-31$390.10M-3.49%
2025-12-31$404.20M-3.97%
2025-09-30$420.90M1.79%
2025-06-30$413.50M8.53%
2025-03-31$381.00M-3.54%
2024-12-31$395.00M4.61%
2024-09-30$377.60M3.57%
2024-06-30$364.60M2.79%
2024-03-31$354.70M-1.34%
2023-12-31$359.50M-0.83%
2023-09-30$362.50M12.06%
2023-06-30$323.50M6.31%
2023-03-31$304.30M-3.06%
2022-12-31$313.90M-6.07%
2022-09-30$334.20M6.77%
2022-06-30$313.00M0.29%
2022-03-31$312.10M-1.33%
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$266.50M0.68%
2020-09-30$264.70M-1.89%
2020-06-30$269.80M-7.16%
2020-03-31$290.60M-4.88%
2019-12-31$305.50M42.16%
2019-09-30$214.90M12.99%
2019-06-30$190.20M0.42%
2019-03-31$189.40M10.70%
2018-12-31$171.10M1.06%
2018-09-30$169.30M2.92%
2018-06-30$164.50M4.78%
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 $390.10M in revenue during Q1 2026, up -3.49% compared to the previous quarter, and up 98.76% 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 25Dec 24Dec 22Dec 21Dec 20
Third Party Services$43.60M$24.10M---
Affiliate Services$1.57B$1.47B---
Oil and Gas Service--$600.80M--
Terminaling And Export Services--$124.50M$137.50M$159.40M
Water Gathering And Disposal Services--$77.10M$90.20M$92.60M
Processing And Storage Services--$470.80M$435.70M$370.30M
Oil And Gas Service---$540.40M$469.30M

Hess Midstream LP's latest annual revenue breakdown by segment (product or service), as of Dec 25: Affiliate Services (97.30%), and Third Party Services (2.70%).

Quarterly Revenue by Product

Product/ServiceMar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
Third Party Services$15.60M$14.70M$14.00M$8.20M$6.70M$6.50M$6.20M$6.10M$5.30M-----------
Affiliate Services$373.10M$388.40M$405.60M$405.30M$374.30M$388.50M$371.40M$358.50M$349.40M-----------
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-
Terminaling And Export Services---------$31.80M$26.20M$25.20M$29.00M$30.50M$30.30M$34.70M$34.50M$34.90M$32.60M-
Processing And Storage Services---------$132.20M$121.60M$113.80M$118.80M$121.70M$116.50M$113.80M$115.80M$105.30M$103.50M-
Oil and Gas Service---------$170.50M$152.70M$144.60M$146.60M$160.50M$148.40M$145.30M----
Oil And Gas Service----------------$143.00M$133.40M$128.70M-
Terminaling And Export-----------------$35.50M--
Processing And Storage-----------------$111.10M--
Gathering-----------------$157.30M--

Hess Midstream LP's latest quarterly revenue breakdown by segment (product or service), as of Mar 26: Affiliate Services (95.99%), and Third Party Services (4.01%).

Hess Midstream LP Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 22Dec 21Dec 20Dec 19Dec 18
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$600.80M----
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-
Terminaling And Export----$86.10M
Gathering----$324.90M
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
SUNSunoco LP$25.20B$10.69B
APAAPA$8.92B$2.33B
NOVNOV$8.74B$2.05B
WFRDWeatherford$4.92B$1.15B
RRCRange Resources$3.12B$1.03B
NFGNational Fuel Gas$2.28B$-651.51M
SOBOSouth Bow$2.12B$476.87M
FROFrontline$1.80B$578.40M
HESMHess Midstream LP$1.62B$390.10M
AMAntero Midstream$1.19B$314.21M
PRPermian Resources--

HESM Revenue FAQ

What is Hess Midstream LP’s yearly revenue?

Hess Midstream LP's yearly revenue for 2025 was $1.62B, representing an increase of 8.67% compared to 2024. The company's yearly revenue for 2024 was $1.49B, representing an increase of 10.83% compared to 2023. HESM's yearly revenue for 2023 was $1.35B, representing an increase of 5.73% compared to 2022.

What is Hess Midstream LP’s quarterly revenue?

Hess Midstream LP's quarterly revenue for Q1 2026 was $390.1M, a -3.49% decrease from the previous quarter (Q4 2025), and a 2.39% increase year-over-year (Q1 2025). The company's quarterly revenue for Q4 2025 was $404.2M, a -3.97% decrease from the previous quarter (Q3 2025), and a 2.33% increase year-over-year (Q4 2024). HESM's quarterly revenue for Q3 2025 was $420.9M, a 1.79% increase from the previous quarter (Q2 2025), and a 11.47% increase year-over-year (Q3 2024).

What is Hess Midstream LP’s revenue growth rate?

Hess Midstream LP's revenue growth rate for the last 3 years (2023-2025) was 20.44%, and for the last 5 years (2021-2025) was 34.68%.

What are Hess Midstream LP’s revenue streams?

Hess Midstream LP's revenue streams in c 25 are Third Party Services, and Affiliate Services. Third Party Services generated $43.6M in revenue, accounting 2.70% of the company's total revenue, up 80.91% year-over-year. Affiliate Services generated $1.57B in revenue, accounting 97.30% of the company's total revenue, up 7.21% year-over-year.

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

For the fiscal year ending Dec 25, the largest source of revenue of Hess Midstream LP was Affiliate Services. This segment made a revenue of $1.57B, representing 97.30% of the company's total revenue.