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Hess Midstream LP vs Kosmos Energy: HESM and KOS compared
Hess Midstream LP is the larger company: $410M of revenue in its latest quarter (Q3 2026) against $410M for Kosmos Energy (Q3 2026). Kosmos Energy is growing faster (+32% against -3% a year earlier). Hess Midstream LP is more profitable, with an operating margin of 64.0% against -6.6%.
Where the money goes: HESM and KOS
Hess Midstream LP (HESM) · Q3 2026
Hess Midstream LP, Q3 2026: revenue $410M (-3% year over year), operating margin 64.0%, net earnings $99.4M, operating cash flow $268M. The chart follows the revenue to costs, profit and cash.
Kosmos Energy (KOS) · Q3 2026
Kosmos Energy, Q3 2026: revenue $410M (+32% year over year), operating margin -6.6%, net loss $43.0M, operating cash flow $164M. The chart follows the revenue to costs, profit and cash.
| Hess Midstream LP (HESM) | Kosmos Energy (KOS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $410M | $410M |
| Revenue growth, Y/Y | -3% | +32% |
| Operating margin | 64.0% | -6.6% |
| Net earnings | $99.4M | −$43.0M |
| Net margin | 24.2% | -10.5% |
| Operating cash flow | $268M | $164M |
| Free cash flow | $242M | $90.1M |
| Market value | $3.8B | $1.3B |
| P/E | 5.7× | — |
| Analysts’ mean target | $33.43 | $3.12 |
Where the revenue comes from
Hess Midstream LP
- Affiliate Services: $392M (96%)
- Third Party Services: $16.6M (4%)
Questions
Which is bigger, Hess Midstream LP or Kosmos Energy?
Hess Midstream LP is the larger company: $410M of revenue in its latest quarter (Q3 2026) against $410M for Kosmos Energy (Q3 2026).
Is Hess Midstream LP or Kosmos Energy growing faster?
Kosmos Energy is growing faster (+32% against -3% a year earlier).
Which is more profitable, Hess Midstream LP or Kosmos Energy?
Hess Midstream LP is more profitable, with an operating margin of 64.0% against -6.6%.
More: Hess Midstream LP earnings · how Hess Midstream LP makes money · Kosmos Energy earnings · how Kosmos Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 2, 2026). Fiscal quarters can end on different dates. Not investment advice.