Hess Midstream LP (HESM)

Hess Midstream LP Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,609	1,492	1,346	1,273	1,204	1,092
Other Revenue	3.9	3.6	2.5	2	-	0.3
Revenue	1,613	1,496	1,349	1,275	1,204	1,092
Revenue Growth (YoY)	10.78%	10.89%	5.76%	5.93%	10.25%	28.72%
Cost of Revenue	370.5	347.3	313	279.6	288.3	337.4
Gross Profit	1,243	1,148	1,036	995.6	915.5	754.5
Selling, General & Admin	31.8	26.1	26.2	23.1	22.7	21.1
Operating Expenses	243	229.2	218.7	204.4	188.3	178
Operating Income	999.5	919	816.9	791.2	727.2	576.5
Interest Expense	-221.1	-202.2	-179	-149.3	-105.4	-94.7
Earnings From Equity Investments	16.5	14	7.7	5.3	10.6	10.3
EBT Excluding Unusual Items	794.9	730.8	645.6	647.2	632.4	492.1
Gain (Loss) on Sale of Assets	-	-	-	-	-	0.1
Pretax Income	794.9	730.8	645.6	647.2	632.4	492.2
Income Tax Expense	106.2	71.8	37.9	26.6	14.6	7.3
Earnings From Continuing Operations	688.7	659	607.7	620.6	617.8	484.9
Minority Interest in Earnings	-358.7	-435.9	-489.1	-536.7	-571.4	-460.9
Net Income	330	223.1	118.6	83.9	46.4	24
Net Income to Common	330	223.1	118.6	83.9	46.4	24
Net Income Growth	73.50%	88.11%	41.36%	80.82%	93.33%	-64.02%
Shares Outstanding (Basic)	117	89	56	41	26	18
Shares Outstanding (Diluted)	117	89	56	41	26	18
Shares Change (YoY)	45.66%	58.08%	35.99%	61.09%	41.99%	0.56%
EPS (Basic)	2.83	2.51	2.11	2.03	1.81	1.33
EPS (Diluted)	2.81	2.49	2.08	2.01	1.76	1.31
EPS Growth	18.65%	19.71%	3.48%	14.21%	34.35%	-64.65%
Free Cash Flow	-	634.2	642.9	622.9	632.3	340.6
Free Cash Flow Per Share	-	7.13	11.42	15.05	24.60	18.82
Dividend Per Share	0.701	2.705	2.438	2.237	1.984	1.756
Dividend Growth	-73.42%	10.96%	8.97%	12.78%	12.97%	312.42%
Gross Margin	77.03%	76.78%	76.79%	78.07%	76.05%	69.10%
Operating Margin	61.97%	61.45%	60.57%	62.04%	60.41%	52.80%
Profit Margin	20.46%	14.92%	8.79%	6.58%	3.85%	2.20%
Free Cash Flow Margin	-	42.41%	47.67%	48.85%	52.52%	31.19%
EBITDA	1,206	1,122	1,009	972.5	892.8	733.4
EBITDA Margin	74.78%	75.03%	74.85%	76.26%	74.17%	67.17%
D&A For EBITDA	206.7	203.1	192.5	181.3	165.6	156.9
EBIT	999.5	919	816.9	791.2	727.2	576.5
EBIT Margin	61.97%	61.45%	60.57%	62.04%	60.41%	52.80%
Effective Tax Rate	13.36%	9.83%	5.87%	4.11%	2.31%	1.48%
Revenue as Reported	1,613	1,496	1,349	1,275	1,204	1,092

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q