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Excelerate Energy vs Hess Midstream LP

Hess Midstream LP is the larger business, with $1.62bn of revenue in fiscal 2025 against $1.23bn for Excelerate Energy (1.3 times as much). Excelerate Energy grew faster (44.3% against 8.4%). Hess Midstream LP kept more of each dollar of sales as profit: a net margin of 21.8% against 3.2%.

Latest fiscal yearExcelerate EnergyEE, 2025Hess Midstream LPHESM, 2025
Revenue $1.23bn $1.62bn
Revenue growth 44.3% 8.4%
Net income $39.2m $353m
Operating margin 21.7% 62.2%
Net margin 3.2% 21.8%
Return on equity 1.9% —
Free cash flow $298m $728m
Cash $538m $1.9m
Total debt $952m $3.80bn
Debt to equity 42.7% —
Dividend per share — —
Dividend yield 0.9% —
Share buybacks — $400m
Employees 1,046 —
Market value $1.14bn $4.21bn
Price vs our value range — Below our value range
Moat score 30 (Weak) 68 (Moderate)
Insider trades, 12 months 0 buys, 2 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.