Hess Midstream price to free cash flow HESM

Market value divided by free cash flow over the last twelve months, since 2020.

Today, Oct 23, 2026: 4.7×
6-year median: 3.0×
Against its 6-year history: 63rd; percentile: 0 is its lowest day, 100 its highest
6-year range: 1.1× to 8.2×
Peer median: 10.8×

Hess Midstream's price to free cash flow is 4.7× as of Oct 23, 2026.

That is above its 6-year median of 3.0×, close to the middle of its last 6 years.

Over that time it ranged from 1.1× in Feb 2021 to 8.2× in Aug 2025.

The median for 10 oil and gas producers of a similar size is 10.8×.

Price to free cash flow over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	4.7×	4.7×	7.1×
2025	6.2×	5.9×	8.2×
2024	5.8×	3.5×	6.0×
2023	3.5×	1.8×	3.6×
2022	2.1×	1.6×	2.4×
2021	1.6×	1.1×	1.6×
2020	1.4×	1.2×	1.6×

Against its peers

Companies in Oil & Gas Exploration & Production nearest Hess Midstream's size, closest first, today.

Company	Price to free cash flow
HESMHess Midstream	4.7×
PARRPAR Pacific	9.4×
CRKComstock Resources	n/m
BSMBlack Stone Minerals	15.5×
GPORGulfport Energy	11.8×
CNXCNX Resources	10.3×
LBLandBridge Co LLC	40.3×
MGYMagnolia Oil & Gas	11.4×
MURMurphy Oil	4.2×
BKVBKV	n/m
MTDRMatador Resources	2.9×
Peer median	10.8×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Hess Midstream

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.