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Side-by-side financial comparison of Hess Midstream LP (HESM) and Opera Ltd (OPRA). Click either name above to swap in a different company.
Hess Midstream LP is the larger business by last-quarter revenue ($204.1M vs $142.7M, roughly 1.4× Opera Ltd). Hess Midstream LP runs the higher net margin — 77.3% vs 12.8%, a 64.5% gap on every dollar of revenue.
Hess Corporation is an American global independent energy company involved in the exploration and production of crude oil and natural gas. It was formed by the merger of Hess Oil and Chemical and Amerada Petroleum in 1968. Leon Hess was CEO from the early 1960s until 1995, after which his son John B Hess succeeded him as chairman and CEO. The company agreed to be acquired by rival oil company Chevron in October 2023, and the acquisition closed in July 2025.
Opera is a multinational technology corporation headquartered in Oslo, Norway, with additional offices in Europe, China, and Africa. Opera offers a range of products and services that include PC and mobile web browsers, GameMaker and gaming portals, the Opera News content recommendation products, the Opera Ads platform, and a number of Web3 and e-commerce products and services. The company's total user base is 296 million monthly active users.
HESM vs OPRA — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2025
| Metric | | |
|---|---|---|
| Revenue | $204.1M | $142.7M |
| Net Profit | $157.7M | $18.3M |
| Gross Margin | — | — |
| Operating Margin | 116.7% | 14.8% |
| Net Margin | 77.3% | 12.8% |
| Revenue YoY | 2.1% | — |
| Net Profit YoY | -2.3% | — |
| EPS (diluted) | $0.68 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $204.1M | — | ||
| Q4 25 | $404.2M | — | ||
| Q3 25 | $420.9M | — | ||
| Q2 25 | $414.2M | — | ||
| Q1 25 | $382.0M | $142.7M | ||
| Q4 24 | $395.9M | — | ||
| Q3 24 | $378.5M | — | ||
| Q2 24 | $365.5M | $211.6M |
| Q1 26 | $157.7M | — | ||
| Q4 25 | $93.3M | — | ||
| Q3 25 | $97.7M | — | ||
| Q2 25 | $90.3M | — | ||
| Q1 25 | $71.6M | $18.3M | ||
| Q4 24 | $70.4M | — | ||
| Q3 24 | $58.6M | — | ||
| Q2 24 | $49.5M | $34.1M |
| Q1 26 | 116.7% | — | ||
| Q4 25 | 62.2% | — | ||
| Q3 25 | 61.5% | — | ||
| Q2 25 | 62.8% | — | ||
| Q1 25 | 62.1% | 14.8% | ||
| Q4 24 | 61.4% | — | ||
| Q3 24 | 61.2% | — | ||
| Q2 24 | 60.8% | 19.6% |
| Q1 26 | 77.3% | — | ||
| Q4 25 | 23.1% | — | ||
| Q3 25 | 23.2% | — | ||
| Q2 25 | 21.8% | — | ||
| Q1 25 | 18.7% | 12.8% | ||
| Q4 24 | 17.8% | — | ||
| Q3 24 | 15.5% | — | ||
| Q2 24 | 13.5% | 16.1% |
| Q1 26 | $0.68 | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $253.3M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 51.4% | — |
| Cash ConversionOCF / Net Profit | 1.61× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $253.3M | — | ||
| Q4 25 | $245.6M | — | ||
| Q3 25 | $258.9M | — | ||
| Q2 25 | $276.9M | — | ||
| Q1 25 | $202.4M | — | ||
| Q4 24 | $258.5M | — | ||
| Q3 24 | $224.9M | — | ||
| Q2 24 | $271.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | $178.9M | — | ||
| Q3 25 | $178.9M | — | ||
| Q2 25 | $213.5M | — | ||
| Q1 25 | $156.9M | — | ||
| Q4 24 | $163.4M | — | ||
| Q3 24 | $132.6M | — | ||
| Q2 24 | $207.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | 44.3% | — | ||
| Q3 25 | 42.5% | — | ||
| Q2 25 | 51.5% | — | ||
| Q1 25 | 41.1% | — | ||
| Q4 24 | 41.3% | — | ||
| Q3 24 | 35.0% | — | ||
| Q2 24 | 56.8% | — |
| Q1 26 | 51.4% | — | ||
| Q4 25 | 16.5% | — | ||
| Q3 25 | 19.0% | — | ||
| Q2 25 | 15.3% | — | ||
| Q1 25 | 11.9% | — | ||
| Q4 24 | 24.0% | — | ||
| Q3 24 | 24.4% | — | ||
| Q2 24 | 17.5% | — |
| Q1 26 | 1.61× | — | ||
| Q4 25 | 2.63× | — | ||
| Q3 25 | 2.65× | — | ||
| Q2 25 | 3.07× | — | ||
| Q1 25 | 2.83× | — | ||
| Q4 24 | 3.67× | — | ||
| Q3 24 | 3.84× | — | ||
| Q2 24 | 5.49× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HESM
| Affiliate services | $197.9M | 97% |
| Third-party services | $6.2M | 3% |
OPRA
Segment breakdown not available.
