Hess Midstream LPHESM +1.53%67 FCF Margin % is 57.76% as of Mar. 2026, which is 53% above its 10-year median of 37.85. GuruFocus rates HESM with a GF Score™ of 67/100 and a GF Value™ of $24.43 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 906 Oil & Gas companies, Hess Midstream LP ranks better than 96.14% on this metric.
The historical rank and industry rank for Hess Midstream LP's FCF Margin % or its related term are showing as below:
HESM'
s FCF Margin % Range Over the Past 10 Years
Min: 19.38 Med: 37.85 Max: 52.53
Current: 48.98
During the past 13 years, the highest FCF Margin % of Hess Midstream LP was 52.53%. The lowest was 19.38%. And the median was 37.85%.
HESM's FCF Margin % is ranked better than 96.14% of 906
companies
in the Oil & Gas industry
Industry Median: 3.285
vs HESM: 48.98
Hess Midstream LP FCF Margin % Related Terms
Hess Midstream LP FCF Margin % Historical Data
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The historical data trend for Hess Midstream LP's FCF Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas Midstream subindustry, Hess Midstream LP's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Hess Midstream LP FCF Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Hess Midstream LP's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Hess Midstream LP's FCF Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Hess Midstream LP (HESM) has a FCF Margin % of 57.76% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Hess Midstream LP and its competitors. This is 53% above median its historical median of 37.85. Over the past decade, Hess Midstream LP's FCF Margin % has ranged from 19.38 to 52.53. According to the industry distribution chart, Hess Midstream LP ranks #35 out of 906 companies in the Oil & Gas industry, placing it in the top 3.9%.
Is Hess Midstream LP's FCF Margin % too high?
Hess Midstream LP's current FCF Margin % of 57.76% is 53% above median its 10-year median of 37.85. Over the past 10 years, this metric has ranged from a low of 19.38 to a high of 52.53. The Oil & Gas industry median FCF Margin % is 3.29. Hess Midstream LP's value of 57.76% is 1658.3% above this industry median. Based on the distribution chart, Hess Midstream LP ranks #35 out of 906 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Hess Midstream LP has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hess Midstream LP's FCF Margin % compare to PAGP and GLNG?
According to the Oil & Gas industry distribution chart, Hess Midstream LP ranks #35 out of 906 companies for FCF Margin %. This places Hess Midstream LP in the top 4% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 3.29. Hess Midstream LP's value of 57.76% is 1658.3% above this benchmark. Historically, Hess Midstream LP's own FCF Margin % has ranged from 19.38 to 52.53 over the past decade. While the company's 10-year median is 37.85 vs. the industry median of 3.29, Hess Midstream LP has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for an Oil & Gas company?
The median FCF Margin % among Oil & Gas companies is 3.29, based on 906 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hess Midstream LP's current FCF Margin % of 57.76% is 1658.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Hess Midstream LP and its competitors. For the Oil & Gas industry, the median FCF Margin % is 3.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hess Midstream LP's current FCF Margin % is 57.76%, which is 53% above median its own 10-year median of 37.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hess Midstream LP stock overvalued right now?
Based on GuruFocus' analysis, Hess Midstream LP (HESM) is currently considered Significantly Overvalued. The stock's GF Value™ is $24.43, compared to a current price of $37.85 — trading 54.9% above its estimated fair value. The current FCF Margin % is 57.76%, which is 53% above median its 10-year median of 37.85 and 1658.3% above the Oil & Gas industry median of 3.29. Hess Midstream LP's overall GF Score™ is 67/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Hess Midstream LP (HESM), the current FCF Margin % is 57.76% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Hess Midstream LP (HESM) Overvalued in 2026?
Based on GuruFocus' analysis, Hess Midstream LP stock appears to be overvalued.
The current stock price of $37.85 is trading 54.9% above its estimated GF Value™ of $24.43.
GuruFocus considers Hess Midstream LP to be Significantly Overvalued.
Key valuation signals for HESM:
FCF Margin %: 57.76% (53% above median its 10-year median of 37.85)
GF Value™: $24.43 vs. price of $37.85 (54.9% above fair value)
Industry Position: 1658.3% above the Oil & Gas median (#35 of 906)
No single metric tells the full story. See the HESM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hess Midstream LP is a fee-based, growth-oriented limited partnership that owns, operates, develops, and acquires a portfolio of midstream assets. The company provides fee-based services to Chevron Corporation and generates all of its revenue by charging fees for gathering, compressing, and processing natural gas, fractionating NGLs, gathering, terminaling, loading, and transporting crude oil and NGLs, storing and terminaling propane, and gathering and disposing of produced water. It operates through gathering, processing, and storage, and terminaling and export segments, with the gathering segment contributing the maximum share of revenue and comprising natural gas gathering and compression, as well as crude oil gathering and produced water gathering and disposal assets.
67GF Score
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