Hess Midstream LP

HESMNYSEEnergy● Active

$38.83

+$0.01(+0.03%)

Market Cap$8.0B

P/E Ratio—

52W High$44.14

52W Low$31.63

Avg Volume2.0M

Open$38.93

Beta0.51

Overview

Hess Midstream LP (HESM) PE Ratio — Current & Historical Data

Trailing twelve months (TTM) P/E, forward P/E, PEG, and annual PE history — from market prices and filings.

hesm · pe ratio · data through Dec 31, 2025

Core PE Ratio Metrics

Trailing 12 months · TTM

The price-to-earnings (P/E) ratio for Hess Midstream LP (HESM) measures how much investors pay for each dollar of the company's trailing earnings. HESM's current PE ratio of 13.70x is calculated by dividing its stock price of $38.83 by its TTM earnings per share of $2.86. −5.1% discount vs 5Y avg 14.4x

13.70x

P/E Ratio (TTM)−5.1%

Source: FMP · /ratios-ttm · /analyst-estimates · 2025-12-31

Forward P/E

12.72x

FY2027 est. EPS $3.05

Based on 3 analysts

EPS (TTM)

$2.86

TTM · diluted EPS

PEG Ratio

1.03

▸ Source: FMP · /ratios-ttm · /ratios annual · /analyst-estimates · /stock-peers · Hess Midstream LP SEC 10-K & 10-Q filings · US GAAPUpdated: 2026-06-08

PE Ratio History

2012 – 2025 · Annual

PE Ratio (TTM)

5Y Avg 14.4x

EPS (Annual)

▸ FMP /ratios?period=annual&limit=20 · priceToEarningsRatio + netIncomePerShare (Annual)

Historical PE Range

Past 12 fiscal years · Front-end computed

Average

16.8x

12-yr mean

Median

14.8x

12-yr midpoint

Minimum

6.8x

Lowest year

Maximum

42.5x

Highest year

13.7x ← Now

6.8x
MinQ1 · 25%14.8x
MedianQ3 · 75%42.5x
Max

Within Historical Range

At 13.70x, HESM's current P/E is within its average historical range over the past 12 fiscal years.

33th percentileHigher than 4 of 12 historical fiscal year readings

Percentile calculated from annual fiscal year data points, not by trading day. Years where PE ≤ 0 or > 9,999 are excluded.

PE Ratio vs Peers

Oil & Gas Midstream · 6 peers · Annual PE

Company	Market Cap	PE (Annual)	vs Avg	EPS (TTM)
Hess Midstream LPYou HESM	$8.0B	13.70x	-22.8%	$2.86
Antero Midstream Corporation AM	$10.2B	20.58x	+16.0%	$0.86
APA Corporation APA	$13.2B	6.12x	-65.5%	$3.99
Frontline Ltd. FRO	$7.7B	12.81x	-27.8%	$1.70
National Fuel Gas Company NFG	$7.3B	16.12x	-9.1%	$5.73
NOV Inc. NOV	$7.5B	40.10x	+126.0%	$0.39
Permian Resources Corporation PR	$14.1B	10.74x	-39.5%	$1.31
Industry Average 6 peers with valid PE	—	17.75x	baseline	—

* N/A — Company is not profitable (TTM) · excluded from industry average · ▸ FMP /stock-peers + /ratios?limit=1 · priceToEarningsRatio

Annual PE Ratio History

Showing 10 of 14 years

Fiscal Year End	PE Ratio	EPS (TTM)	YoY Change
2025-12-31Latest FY2025	12.03x	$2.87	-18.5%
2024-12-31 FY2024	14.77x	$2.51	-1.4%
2023-12-31 FY2023	14.99x	$2.11	+1.8%
2022-12-31 FY2022	14.73x	$2.03	-6.2%
2021-12-31 FY2021	15.70x	$1.76	+7.0%
2020-12-31 FY2020	14.68x	$1.33	-16.9%
2019-12-31 FY2019	17.67x	$1.28	+31.7%
2018-12-31 FY2018	13.42x	$1.27	-51.0%
2017-12-31 FY2017	27.37x	$0.77	+301.5%
2016-12-31 FY2016	6.82x	$3.76	-5.6%

▸ FMP /ratios?period=annual&limit=20 · priceToEarningsRatio + netIncomePerShare · Zero extra API

About PE Ratio & Methodology

PE Ratio = Stock Price ÷ EPS (TTM)

= $38.83 ÷ $2.86 = 13.70x

TTMTrailing Twelve Months — sum of the most recent 4 quarterly EPS figures

Forward PEStock price ÷ analyst consensus EPS estimate for the next fiscal year

PEGPE ÷ earnings growth rate — values below 1.0 suggest growth may justify the premium

Figures tie to SEC 10-K/10-Q and FMP ratio endpoints where noted.

Price history Financial statements Earnings

Frequently asked questions

HESM pe ratio · 6 questions

HESM's current PE ratio is 13.70x as of 2026-06-08, based on a stock price of $38.83 and TTM EPS of $2.86. Data sourced from Financial Modeling Prep via HESM's SEC 10-K and 10-Q filings.

HESM PE ratioWhat is HESM PE ratioCurrent PE ratio of HESMHESM PE ratio today

▸ Source: FMP · /ratios-ttm · /ratios annual · /analyst-estimates · /stock-peers · Hess Midstream LP SEC 10-K & 10-Q filings · US GAAP · Updated: 2026-06-08