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Hess Midstream Lp  (HESM)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy


Hess Midstream Lp's Net Profit Margin by quarter

Trends, Rankings, Statistics



HESM Net Profit Margin (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Revenue Change 8.45 % 3.38 % -2.37 % -0.54 % 10.17 %
Seq. Revenue Change 12.07 % 6.23 % -3.05 % -6.03 % 6.83 %
Revenue In Millions $363.10 $324.00 $305.00 $314.60 $334.80
Net Profit Margin 45.39 % 45.65 % 46.62 % 47.62 % 47.61 %
Net Profit Margin Total Ranking # 201 # 207 # 206 # 343 # 288
Net Income In Millions $164.80 $147.90 $142.20 $149.80 $159.40
Y / Y Net Income Change 3.39 % -2.57 % -10.9 % -9.27 % 21.59 %
Seq. Net Income Change 11.43 % 4.01 % -5.07 % -6.02 % 5.01 %


Commenting Third Quarter 2023 Net Profit Margin
Hess Midstream Lp has managed to improve its Revenue sequentially to $363 millions by 12.07 % faster than Net Income increase of 11.43 % to $165 millions, this led to contraction in Net Profit Margin to 45.39 %, below company average.

Observing third quarter 2023 results within Oil And Gas Production industry 7 other companies have achieved higher Net Profit Margin. While Net Profit Margin total ranking has impoved so far to 201, from total ranking in previous quarter at 207.
Net Margin Formula
HESM's Net Profit Margin third quarter 2023 Company Ranking
Within: No.
Oil And Gas Production Industry # 8
Energy Sector # 11
Overall # 200

Net Profit Margin Statistics
High Average Low
57.44 % 48.22 % 9.53 %
(Jun 30 2018)   (Dec 31 2019)




Other Net Profit Margin Profitability Ratios
HESM's Cumulative Net Profit Margin
Oil And Gas Production Industry Net Profit Margin Trends and Statistics
Energy Sector Net Profit Margin Statistics
Net Profit Margin Profitability Trends for overall market
HESM's Net Profit Margin Profitability versus Oil And Gas Production Industry, Energy Sector and total Market
Highest Ranking Net Profit Margin
Lowest Ranking Net Profit Margin
Net Profit Margin Profit Margin for HESM's Competitors
Net Profit Margin Profit Margin for Hess Midstream Lp's Suppliers
Net Profit Margin Profit Margin for HESM's Customers

You may also want to know
HESM's Annual Growth Rates HESM's Profitability Ratios HESM's Asset Turnover Ratio HESM's Dividend Growth
HESM's Roe HESM's Valuation Ratios HESM's Financial Strength Ratios HESM's Net Income Growth
HESM's Roa HESM's Inventory Turnover Ratio HESM's Growth Rates HESM's Dividend Comparisons


Companies with similar Net Profit Margin in the quarter ending Sep 30 2023, within Oil And Gas Production Industry Net Profit MarginSep 30 2023 MRQ Net IncomeSep 30 2023 MRQ Revenue
Viper Energy Inc   70.66 %$ 207.213 $ 293.240 
Dorchester Minerals L p   69.17 %$ 29.463 $ 42.594 
Texas Pacific Land Corporation  66.83 %$ 105.574 $ 157.967 
Black Stone Minerals L p   56.53 %$ 62.067 $ 109.797 
Sandridge Energy Inc   48.94 %$ 18.670 $ 38.149 
Mach Natural Resources Lp  47.60 %$ 83.485 $ 175.389 
Hess Midstream Lp  45.39 %$ 164.800 $ 363.100 
Chord Energy Corporation  43.01 %$ 483.848 $ 1,124.979 
Diamondback Energy Inc   42.44 %$ 993.000 $ 2,340.000 
Reserve Petroleum Co  41.62 %$ 1.374 $ 3.302 
Magnolia Oil and Gas Corp  37.21 %$ 117.477 $ 315.678 
Sm Energy Co  34.69 %$ 222.343 $ 640.901 
Spindletop Oil and Gas Co   34.47 %$ 0.577 $ 1.674 
Eog Resources Inc   32.68 %$ 2,030.000 $ 6,212.000 
Primeenergy Resources Corporation  30.32 %$ 10.720 $ 35.360 
Murphy Oil Corporation  28.95 %$ 277.804 $ 959.645 
Kimbell Royalty Partners lp  27.50 %$ 18.481 $ 67.204 
Pioneer Natural Resources Co  26.00 %$ 1,301.000 $ 5,004.000 
Marathon Oil Corporation  24.99 %$ 453.000 $ 1,813.000 
Everflow Eastern Partners Lp  24.48 %$ 0.282 $ 1.152 
Apa Corporation  24.05 %$ 555.000 $ 2,308.000 
Devon Energy Corp  23.98 %$ 920.000 $ 3,836.000 
Coterra Energy Inc   23.82 %$ 323.000 $ 1,356.000 
Occidental Petroleum Corporation  22.27 %$ 1,594.000 $ 7,158.000 
Continental Resources Inc  20.89 %$ 371.289 $ 1,777.339 
Phx Minerals Inc   20.64 %$ 1.895 $ 9.182 
New Concept Energy Inc   20.00 %$ 0.007 $ 0.035 
Callon Petroleum Co  19.29 %$ 119.484 $ 619.298 
Earthstone Energy Inc   18.32 %$ 87.151 $ 475.816 
Granite Ridge Resources Inc   16.56 %$ 17.957 $ 108.404 




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