Hess Midstream LP (HESM)

Hess Midstream LP Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,492	1,346	1,273	1,204	1,092
Other Revenue	3.6	2.5	2	-	0.3
Revenue	1,496	1,349	1,275	1,204	1,092
Revenue Growth (YoY)	10.89%	5.76%	5.93%	10.25%	28.72%
Cost of Revenue	347.3	313	279.6	288.3	337.4
Gross Profit	1,148	1,036	995.6	915.5	754.5
Selling, General & Admin	26.1	26.2	23.1	22.7	21.1
Operating Expenses	229.2	218.7	204.4	188.3	178
Operating Income	919	816.9	791.2	727.2	576.5
Interest Expense	-202.2	-179	-149.3	-105.4	-94.7
Earnings From Equity Investments	14	7.7	5.3	10.6	10.3
EBT Excluding Unusual Items	730.8	645.6	647.2	632.4	492.1
Gain (Loss) on Sale of Assets	-	-	-	-	0.1
Pretax Income	730.8	645.6	647.2	632.4	492.2
Income Tax Expense	71.8	37.9	26.6	14.6	7.3
Earnings From Continuing Operations	659	607.7	620.6	617.8	484.9
Minority Interest in Earnings	-435.9	-489.1	-536.7	-571.4	-460.9
Net Income	223.1	118.6	83.9	46.4	24
Net Income to Common	223.1	118.6	83.9	46.4	24
Net Income Growth	88.11%	41.36%	80.82%	93.33%	-64.02%
Shares Outstanding (Basic)	89	56	41	26	18
Shares Outstanding (Diluted)	89	56	41	26	18
Shares Change (YoY)	58.08%	35.99%	61.09%	41.99%	0.56%
EPS (Basic)	2.51	2.11	2.03	1.81	1.33
EPS (Diluted)	2.49	2.08	2.01	1.76	1.31
EPS Growth	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	2.705	2.438	2.237	1.984	1.756
Dividend Growth	10.96%	8.97%	12.78%	12.97%	312.42%
Gross Margin	76.78%	76.79%	78.07%	76.05%	69.10%
Operating Margin	61.45%	60.57%	62.04%	60.41%	52.80%
Profit Margin	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	1,122	1,009	972.5	892.8	733.4
EBITDA Margin	75.03%	74.85%	76.26%	74.17%	67.17%
D&A For EBITDA	203.1	192.5	181.3	165.6	156.9
EBIT	919	816.9	791.2	727.2	576.5
EBIT Margin	61.45%	60.57%	62.04%	60.41%	52.80%
Effective Tax Rate	9.83%	5.87%	4.11%	2.31%	1.48%
Revenue as Reported	1,496	1,349	1,275	1,204	1,092

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q