Hess Midstream LP (HESM)

Hess Midstream LP Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,399	1,349	1,275	1,204	1,092	848.3
Revenue Growth (YoY)	10.36%	5.76%	5.93%	10.25%	28.72%	19.03%
Cost of Revenue	328.6	313	279.6	288.3	337.4	276.8
Gross Profit	1,071	1,036	995.6	915.5	754.5	571.5
Selling, General & Admin	25.5	26.2	23.1	22.7	21.1	52.4
Other Operating Expenses	194.9	192.5	181.3	165.6	156.8	142.5
Operating Expenses	220.4	218.7	204.4	188.3	177.9	194.9
Operating Income	850.2	816.9	791.2	727.2	576.6	376.6
Interest Expense / Income	185.9	179	149.3	105.4	94.7	62.4
Other Expense / Income	476.1	481.4	531.4	560.8	450.6	244.2
Pretax Income	188.2	156.5	110.5	61	31.3	70
Income Tax	45.7	37.9	26.6	14.6	7.3	-0.1
Net Income	142.5	118.6	83.9	46.4	24	70.1
Preferred Dividends	0	0	0	0	0	3.4
Net Income Common	142.5	118.6	83.9	46.4	24	66.7
Net Income Growth	62.49%	41.36%	80.82%	93.33%	-64.02%	-3.47%
Shares Outstanding (Basic)	75	56	41	26	18	18
Shares Outstanding (Diluted)	75	56	41	26	18	18
Shares Change	70.52%	35.99%	61.09%	41.99%	0.56%	-67.09%
EPS (Basic)	2.22	2.11	2.03	1.81	1.33	1.21
EPS (Diluted)	2.20	2.08	2.01	1.76	1.31	1.20
EPS Growth	10.55%	3.48%	14.20%	34.35%	9.17%	-5.51%
Free Cash Flow	639	642.9	622.9	632.3	340.7	164.3
Free Cash Flow Per Share	8.51	11.44	15.08	24.70	18.93	9.13
Dividend Per Share	1.186	1.756	2.185	1.914	1.735	1.562
Dividend Growth	-47.01%	-19.63%	14.16%	10.32%	11.08%	15.02%
Gross Margin	76.52%	76.79%	78.07%	76.05%	69.10%	67.37%
Operating Margin	60.76%	60.57%	62.05%	60.41%	52.81%	44.39%
Profit Margin	10.18%	8.79%	6.58%	3.85%	2.20%	7.86%
Free Cash Flow Margin	45.67%	47.67%	48.85%	52.53%	31.20%	19.37%
Effective Tax Rate	24.28%	24.22%	24.07%	23.93%	23.32%	-0.14%
EBITDA	569	528	441.1	332	282.9	274.9
EBITDA Margin	40.67%	39.15%	34.59%	27.58%	25.91%	32.41%
Depreciation & Amortization	194.9	192.5	181.3	165.6	156.9	142.5
EBIT	374.1	335.5	259.8	166.4	126	132.4
EBIT Margin	26.74%	24.88%	20.37%	13.82%	11.54%	15.61%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).