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HESM
$30.66+0.13%
as of close, Oct 16, 2026
☾ AH $30.66 +0.13%
Hess Midstream LPStock · Energy
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Hess Midstream LP drawdown: 30.1% below the all-time high (price)

Hess Midstream LP is 30.1% below its all-time high, set Mar 19, 2025 (as of market close, Oct 16, 2026), measured on price alone — dividends are not included, the convention headlines and crash histories use. The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.

Below all-time high
−30.1%
69.9% of ATH
All-time high
$43.88
Mar 19, 2025
Time below the high
1.6 yrs
since Mar 19, 2025
Worst-ever drawdown
−76.2%
Mar 18, 2020
Longest underwater
4.1 yrs
between all-time highs
Today's level first reached
Feb 24, 2022
4.6 yrs ago
Last time this deep
Nov 30, 2020
in a previous episode

% of all-time high since 2017: price#

The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.

Basis
Range
All-time high = 100%40%60%80%
HESM close · log10.0020.00
20182020202220242026

The deepest drawdowns on record#

Every decline of 15% or more from an all-time high (price basis), deepest first.

PeakTroughDepthPeak → troughRecovered byUnderwater
May 2, 2017Mar 18, 2020−76.2%2.9 yrsJun 7, 20214.1 yrs
Mar 19, 2025Oct 15, 2026−30.2%1.6 yrsnot yet1.6 yrs+
Jun 7, 2022Sep 26, 2022−30.1%4 moMar 5, 20241.7 yrs
Oct 5, 2021Nov 19, 2021−17.8%45 daysJan 10, 20223 mo
Jun 15, 2021Jul 19, 2021−17.4%34 daysSep 24, 20213 mo
Apr 14, 2022May 11, 2022−15.5%27 daysJun 3, 202250 days

Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.

Drawdown vs what came next#

One dot per month since 2017: how far Hess Midstream LP stood below its all-time high, and the total return over the following 1, 5 and 10 years.

1950–19992000–today

Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.

FAQ#

How far is Hess Midstream LP from its all-time high?
Hess Midstream LP is currently 30.1% below its all-time high, set Mar 19, 2025 (as of market close, Oct 16, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
What was the biggest Hess Midstream LP drawdown ever?
The deepest decline on record in our data (since 2017) took Hess Midstream LP 76.2% below its prior high, bottoming Mar 18, 2020. The table on this page lists every major episode with its peak, trough and recovery date.

Methodology & related#

Daily data since -1 from HESM; no free deep history exists for Hess Midstream LP — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.

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