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Hess Midstream Valuation Multiples
Discover revenue and EBITDA valuation multiples for Hess Midstream and similar public comparables like OGDC, Hubei Energy, Motor Oil (Hellas), TAURON and more.
Hess Midstream Overview
About Hess Midstream
Hess Midstream LP owns, operates, develops, and acquires a diverse set of midstream assets and provides fee-based services to Hess and third-party customers. It conducts its business through three operating segments: gathering, processing and storage, and terminaling and exporting. The company derives the maximum revenue from the gathering segment. Its gathering segment consists of the following assets namely Natural Gas Gathering and Compression; Crude Oil Gathering and Produced Water Gathering and Disposal.
Founded
2014
HQ
Employees
220
Website
Financials (LTM)
EV
$9B
Hess Midstream Financials
Hess Midstream reported last 12-month revenue of $2B and EBITDA of $1B.
In the same LTM period, Hess Midstream generated $1B in EBITDA and $373M in net income.
Revenue (LTM)
Hess Midstream P&L
In the most recent fiscal year, Hess Midstream reported revenue of $2B and EBITDA of $1B.
Hess Midstream expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 87% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 77% | XXX | 76% | XXX | XXX | XXX |
| EBIT Margin | 63% | XXX | 63% | XXX | XXX | XXX |
| Net Profit | $373M | XXX | $353M | XXX | XXX | XXX |
| Net Margin | 23% | XXX | 22% | XXX | XXX | XXX |
| Net Debt | — | — | $4B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Hess Midstream Stock Performance
Hess Midstream has current market cap of $5B, and enterprise value of $9B.
Market Cap Evolution
Hess Midstream's stock price is $37.78.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $9B | $5B | 1.4% | XXX | XXX | XXX | $2.73 |
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Start Free TrialHess Midstream Valuation Multiples
Hess Midstream trades at 5.3x EV/Revenue multiple, and 7.0x EV/EBITDA.
EV / Revenue (LTM)
Hess Midstream Financial Valuation Multiples
As of April 17, 2026, Hess Midstream has market cap of $5B and EV of $9B.
Equity research analysts estimate Hess Midstream's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Hess Midstream has a P/E ratio of 13.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV/Revenue | 5.3x | XXX | 5.3x | XXX | XXX | XXX |
| EV/EBITDA | 7.0x | XXX | 7.0x | XXX | XXX | XXX |
| EV/EBIT | 8.5x | XXX | 8.5x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 6.2x | XXX | XXX | XXX |
| P/E | 13.1x | XXX | 13.9x | XXX | XXX | XXX |
| EV/FCF | 10.8x | XXX | 11.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Hess Midstream Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Hess Midstream Margins & Growth Rates
Hess Midstream's revenue in the last 12 month grew by 1%.
Hess Midstream's revenue per employee in the last FY averaged $7.4M, while opex per employee averaged $1.8M for the same period.
Hess Midstream's rule of 40 is 77% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Hess Midstream's rule of X is 76% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Hess Midstream Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | (0%) | XXX | XXX | XXX |
| EBITDA Margin | 77% | XXX | 76% | XXX | XXX | XXX |
| EBITDA Growth | 1% | XXX | 0% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 77% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 76% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $7.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $1.8M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 2% | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 24% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Hess Midstream Public Comps
See public comps and valuation multiples for other Energy Production and Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Hess Midstream | XXX | XXX | XXX | XXX | XXX | XXX |
| OGDC | XXX | XXX | XXX | XXX | XXX | XXX |
| Hubei Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Motor Oil (Hellas) | XXX | XXX | XXX | XXX | XXX | XXX |
| TAURON | XXX | XXX | XXX | XXX | XXX | XXX |
| Icahn Enterprises | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Hess Midstream M&A Activity
Hess Midstream acquired XXX companies to date.
Last acquisition by Hess Midstream was on XXXXXXXX, XXXXX. Hess Midstream acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Hess Midstream
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialHess Midstream Investment Activity
Hess Midstream invested in XXX companies to date.
Hess Midstream made its latest investment on XXXXXXXX, XXXXX. Hess Midstream invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Hess Midstream
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Hess Midstream
| When was Hess Midstream founded? | Hess Midstream was founded in 2014. |
| Where is Hess Midstream headquartered? | Hess Midstream is headquartered in United States. |
| How many employees does Hess Midstream have? | As of today, Hess Midstream has over 220 employees. |
| Who is the CEO of Hess Midstream? | Hess Midstream's CEO is Jonathan C. Stein. |
| Is Hess Midstream publicly listed? | Yes, Hess Midstream is a public company listed on NYSE. |
| What is the stock symbol of Hess Midstream? | Hess Midstream trades under HESM ticker. |
| When did Hess Midstream go public? | Hess Midstream went public in 2017. |
| Who are competitors of Hess Midstream? | Hess Midstream main competitors are OGDC, Hubei Energy, Motor Oil (Hellas), TAURON. |
| What is the current market cap of Hess Midstream? | Hess Midstream's current market cap is $5B. |
| What is the current revenue of Hess Midstream? | Hess Midstream's last 12 months revenue is $2B. |
| What is the current revenue growth of Hess Midstream? | Hess Midstream revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of Hess Midstream? | Current revenue multiple of Hess Midstream is 5.3x. |
| Is Hess Midstream profitable? | Yes, Hess Midstream is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Hess Midstream? | Hess Midstream's last 12 months EBITDA is $1B. |
| What is Hess Midstream's EBITDA margin? | Hess Midstream's last 12 months EBITDA margin is 77%. |
| What is the current EV/EBITDA multiple of Hess Midstream? | Current EBITDA multiple of Hess Midstream is 7.0x. |
| What is the current FCF of Hess Midstream? | Hess Midstream's last 12 months FCF is $801M. |
| What is Hess Midstream's FCF margin? | Hess Midstream's last 12 months FCF margin is 49%. |
| What is the current EV/FCF multiple of Hess Midstream? | Current FCF multiple of Hess Midstream is 10.8x. |
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