Hess Midstream LP (HESM) intrinsic value & 10-year financials
Hess Midstream LP (HESM) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 9 fiscal years revenue grew 13.7% a year to $1.6B.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $30.66
- Revenue (FY2025)
- $1.6B
- Revenue growth (9-yr CAGR)
- 13.7%
- Free cash flow (FY2025)
- $728.2M
HESM 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.6B | $352.9M | — | $728.2M | 62.3% | — |
| FY2024 | $1.5B | $223.1M | — | $634.2M | 61.6% | — |
| FY2023 | $1.3B | $118.6M | — | $642.9M | 60.7% | — |
| FY2022 | $1.3B | $83.9M | — | $622.9M | 62.1% | — |
| FY2021 | $1.2B | $46.4M | — | $632.3M | 60.4% | — |
| FY2020 | $1.1B | $24.0M | — | $340.6M | 52.8% | — |
| FY2019 | $847.6M | $70.1M | — | $164.3M | 44.4% | — |
| FY2018 | $712.0M | $70.8M | — | $225.0M | 53.1% | — |
| FY2017 | $579.5M | $41.2M | — | $192.3M | 45.4% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Hess Midstream LP is a consistent compounder, expanding top-line revenue at 13.7% annually over the past decade.
Hess Midstream LP 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.
Hess Midstream LP capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Hess Midstream LP is modeled at 13.7% normalized earnings growth with a 5.1% bond-yield adjustment.