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Hess Midstream LP (HESM) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

Hess Midstream LP Revenue Highlights

Latest Revenue (Y)

$1.35B

Latest Revenue (Q)

$378.50M

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

DateRevenueChange
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 $1.35B 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

DateRevenueChange
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-3.05%
2022-12-31$314.60M-5.86%
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 $378.50M in revenue during Q3 2024, up 3.56% compared to the previous quarter, and up 116.82% 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 22Dec 21Dec 20Dec 19
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

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/ServiceSep 24Jun 24Mar 24Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
Affiliate Services$371.40M$358.50M$349.40M---------------
Third Party Services$6.20M$6.10M$5.30M---------------
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---$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-
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 Sep 24: Affiliate Services (98.36%), and Third Party Services (1.64%).

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-
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

TickerCompanyLast Year RevenueLast Quarter Revenue
ETEnergy Transfer LP$78.59B$20.73B
EPDEnterprise Products Partners$49.72B$13.78B
PAAPlains All American Pipeline$48.74B$12.74B
MPLXMPLX LP$10.68B$2.97B
ENLCEnLink Midstream$6.88B$1.61B
GELGenesis Energy$3.18B$714.30M
WESWestern Midstream Partners, LP$3.11B$905.63M
HESMHess Midstream LP$1.35B$378.50M
AMAntero Midstream$1.04B$269.87M

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 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). The company'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). HESM'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).

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 Water Gathering And Disposal Services, Processing And Storage Services, Oil and Gas Service, and Terminaling And Export Services. 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. Processing And Storage Services generated $470.8M in revenue, accounting 36.98% of the company's total revenue, up 8.06% year-over-year. Oil and Gas Service generated $600.8M in revenue, accounting 47.19% of the company's total revenue Terminaling And Export Services generated $124.5M in revenue, accounting 9.78% of the company's total revenue, down -9.45% year-over-year.

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.