HESM (Hess Midstream LP) Total Liabilities: $3,942 Mil (As of Mar. 2026)

What is Hess Midstream LP Total Liabilities?

Hess Midstream LP HESM +0.70% 66 Total Liabilities is $3,942 Mil as of Mar. 2026. GuruFocus rates HESM with a GF Score™ of 66/100 and a GF Value™ of $24.42 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Hess Midstream LP's Total Liabilities for the quarter that ended in Mar. 2026 was $3,942 Mil.

Hess Midstream LP's quarterly Total Liabilities declined from Sep. 2025 ($4,011.20 Mil) to Dec. 2025 ($3,950.40 Mil) and declined from Dec. 2025 ($3,950.40 Mil) to Mar. 2026 ($3,942.40 Mil).

Hess Midstream LP's annual Total Liabilities increased from Dec. 2023 ($3,426.30 Mil) to Dec. 2024 ($3,685.70 Mil) and increased from Dec. 2024 ($3,685.70 Mil) to Dec. 2025 ($3,950.40 Mil).

Hess Midstream LP Total Liabilities Related Terms

Hess Midstream LP Total Liabilities Historical Data

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The historical data trend for Hess Midstream LP's Total Liabilities 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.

Hess Midstream LP Total Liabilities Chart

Hess Midstream LP Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Total Liabilities

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2,732.50

3,059.20

3,426.30

3,685.70

3,950.40

Hess Midstream LP Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Total Liabilities	Get a 7-Day Free Trial															3,750.70	3,915.50	4,011.20	3,950.40	3,942.40

66GF Score

Hess Midstream LP HESM

Total Liabilities is just one metric. See GF Score™, valuation, warning signs, and more.

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Hess Midstream LP Total Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

Hess Midstream LP's Total Liabilities for the fiscal year that ended in Dec. 2025 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	187.8	+	(3739.5	+	22.6
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit	+	NonCurrent Deferred Income Tax)
	+	0.5	+	0	+	0)
	=	3,950

Total Liabilities	=	Total Assets (A: Dec. 2025 )	-	Total Equity (A: Dec. 2025 )
	=	4388.3	-	437.9
	=	3,950

Hess Midstream LP's Total Liabilities for the quarter that ended in Mar. 2026 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	181.2	+	(3737	+	23.7
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit	+	NonCurrent Deferred Income Tax)
	+	0.5	+	0	+	0)
	=	3,942

Total Liabilities	=	Total Assets (Q: Mar. 2026 )	-	Total Equity (Q: Mar. 2026 )
	=	4317.2	-	374.8
	=	3,942

Frequently Asked Questions Learn more about Total Liabilities →

What does a Total Liabilities of $3,942 Mil mean?

Hess Midstream LP (HESM) has a Total Liabilities of $3,942 Mil as of Mar. 2026. The total amount of liabilities as recorded on a company's balance sheet. View historical data for Hess Midstream LP and its competitors.

Is Hess Midstream LP's Total Liabilities too high?

Hess Midstream LP's current Total Liabilities is $3,942 Mil. Overall, Hess Midstream LP has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Hess Midstream LP's Total Liabilities compare to PAGP and GLNG?

Hess Midstream LP's Total Liabilities of $3,942 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Total Liabilities for an Oil & Gas company?

A good Total Liabilities depends on the Oil & Gas industry context. However, Total Liabilities should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Total Liabilities mean?

A high Total Liabilities can signal that a stock is expensive relative to its fundamentals. The total amount of liabilities as recorded on a company's balance sheet. View historical data for Hess Midstream LP and its competitors. Hess Midstream LP's current Total Liabilities is $3,942 Mil. 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 $24.42, compared to a current price of $37.60 — trading 54% above its estimated fair value. The current Total Liabilities is $3,942 Mil. Hess Midstream LP's overall GF Score™ is 66/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Total Liabilities calculated?

Total Liabilities is calculated from a company's financial statements. For Hess Midstream LP (HESM), the current Total Liabilities is $3,942 Mil 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 $37.60 is trading 54% above its estimated GF Value™ of $24.42. GuruFocus considers Hess Midstream LP to be Significantly Overvalued.

Key valuation signals for HESM:

Total Liabilities: $3,942 Mil
GF Value™: $24.42 vs. price of $37.60 (54% above fair value)
GF Score™: 66/100 with 8 warning signs

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 Business Description

Industry Energy Oil & Gas

Comparable Companies PAGP GLNG INSW KNTK STNG SUNC DHT TNK NGL FRO TSX:ENB WMB EPD KMI TSX:TRP ET TRGP MPLX OKE LNG

Address 1400 Smith Street, Houston, TX, USA, 77002

Website https://www.hessmidstream.com

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.

66GF Score

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$37.60

Price

$24.42

GF Value

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