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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.
2014
220
LTM Revenue $1.5B
LTM EBITDA $1.2B
$7.7B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Hess Midstream has a last 12-month revenue of $1.5B and a last 12-month EBITDA of $1.2B.
In the most recent fiscal year, Hess Midstream achieved revenue of $1.5B and an EBITDA of $1.1B.
Hess Midstream expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Hess Midstream valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.5B | XXX | XXX | XXX |
| Gross Profit | $1.1B | $1.2B | XXX | XXX | XXX |
| Gross Margin | 81% | 77% | XXX | XXX | XXX |
| EBITDA | $1.0B | $1.1B | XXX | XXX | XXX |
| EBITDA Margin | 76% | 76% | XXX | XXX | XXX |
| Net Profit | $83.9M | $119M | XXX | XXX | XXX |
| Net Margin | 6% | 8% | XXX | XXX | XXX |
| Net Debt | $2.9B | $3.2B | XXX | XXX | XXX |
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As of April 15, 2025, Hess Midstream's stock price is $37.
Hess Midstream has current market cap of $4.3B, and EV of $7.7B.
See Hess Midstream trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $7.7B | $4.3B | XXX | XXX | XXX | XXX | $2.60 |
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Sign UpAs of April 15, 2025, Hess Midstream has market cap of $4.3B and EV of $7.7B.
Hess Midstream's trades at 5.0x LTM EV/Revenue multiple, and 6.6x LTM EBITDA.
Analysts estimate Hess Midstream's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Hess Midstream and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $7.7B | XXX | XXX | XXX |
| EV/Revenue | 5.2x | XXX | XXX | XXX |
| EV/EBITDA | 6.8x | XXX | XXX | XXX |
| P/E | 19.1x | XXX | XXX | XXX |
| P/E/Growth | 0.5x | XXX | XXX | XXX |
| EV/FCF | 12.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpHess Midstream's NTM/LTM revenue growth is 11%
Hess Midstream's revenue per employee for the last fiscal year averaged $6.8M, while opex per employee averaged $1.7M for the same period.
Over next 12 months, Hess Midstream's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Hess Midstream's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Hess Midstream and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 11% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 76% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 87% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $6.8M | XXX | XXX | XXX | XXX |
| Opex per Employee | $1.7M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 2% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 25% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNOC Drilling Company | XXX | XXX | XXX | XXX | XXX | XXX |
| ADNOC Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| Dana Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| TAQA | XXX | XXX | XXX | XXX | XXX | XXX |
| AGL Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Hess Midstream acquired XXX companies to date.
Last acquisition by Hess Midstream was XXXXXXXX, XXXXX XXXXX XXXXXX . Hess Midstream acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Hess Midstream founded? | Hess Midstream was founded in 2014. |
| Where is Hess Midstream headquartered? | Hess Midstream is headquartered in United States of America. |
| How many employees does Hess Midstream have? | As of today, Hess Midstream has 220 employees. |
| Who is the CEO of Hess Midstream? | Hess Midstream's CEO is Mr. John B. Hess. |
| Is Hess Midstream publicy listed? | Yes, Hess Midstream is a public company listed on NYS. |
| 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? | Similar companies to Hess Midstream include e.g. ADNOC Drilling Company, ADNOC Gas, Dana Gas, TAQA. |
| What is the current market cap of Hess Midstream? | Hess Midstream's current market cap is $4.3B |
| What is the current revenue of Hess Midstream? | Hess Midstream's last 12-month revenue is $1.5B. |
| What is the current EBITDA of Hess Midstream? | Hess Midstream's last 12-month EBITDA is $1.2B. |
| What is the current EV/Revenue multiple of Hess Midstream? | Current revenue multiple of Hess Midstream is 5.0x. |
| What is the current EV/EBITDA multiple of Hess Midstream? | Current EBITDA multiple of Hess Midstream is 6.6x. |
| What is the current revenue growth of Hess Midstream? | Hess Midstream revenue growth between 2023 and 2024 was 11%. |
| Is Hess Midstream profitable? | Yes, Hess Midstream is EBITDA-positive (as of the last 12 months). |
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