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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,567	1,492	1,346	1,273	1,204	1,092
Other Revenue	3.5	3.6	2.5	2	-	0.3
Revenue	1,571	1,496	1,349	1,275	1,204	1,092
Revenue Growth (YoY)	9.02%	10.89%	5.76%	5.93%	10.25%	28.72%
Cost of Revenue	361.4	347.3	313	279.6	288.3	337.4
Gross Profit	1,209	1,148	1,036	995.6	915.5	754.5
Selling, General & Admin	30.8	26.1	26.2	23.1	22.7	21.1
Operating Expenses	236.9	229.2	218.7	204.4	188.3	178
Operating Income	972.3	919	816.9	791.2	727.2	576.5
Interest Expense	-215.8	-202.2	-179	-149.3	-105.4	-94.7
Earnings From Equity Investments	15	14	7.7	5.3	10.6	10.3
EBT Excluding Unusual Items	771.5	730.8	645.6	647.2	632.4	492.1
Gain (Loss) on Sale of Assets	-	-	-	-	-	0.1
Pretax Income	771.5	730.8	645.6	647.2	632.4	492.2
Income Tax Expense	93.6	71.8	37.9	26.6	14.6	7.3
Earnings From Continuing Operations	677.9	659	607.7	620.6	617.8	484.9
Minority Interest in Earnings	-387	-435.9	-489.1	-536.7	-571.4	-460.9
Net Income	290.9	223.1	118.6	83.9	46.4	24
Net Income to Common	290.9	223.1	118.6	83.9	46.4	24
Net Income Growth	74.30%	88.11%	41.36%	80.82%	93.33%	-64.02%
Shares Outstanding (Basic)	107	89	56	41	26	18
Shares Outstanding (Diluted)	107	89	56	41	26	18
Shares Change (YoY)	48.14%	58.08%	35.99%	61.09%	41.99%	0.56%
EPS (Basic)	2.71	2.51	2.11	2.03	1.81	1.33
EPS (Diluted)	2.69	2.49	2.08	2.01	1.76	1.31
EPS Growth	17.37%	19.71%	3.48%	14.21%	34.35%	-64.65%
Free Cash Flow	666.4	634.2	642.9	622.9	632.3	340.6
Free Cash Flow Per Share	6.21	7.13	11.42	15.05	24.60	18.82
Dividend Per Share	2.833	2.705	2.438	2.237	1.984	1.756
Dividend Growth	10.17%	10.96%	8.97%	12.78%	12.97%	312.42%
Gross Margin	76.99%	76.78%	76.79%	78.07%	76.05%	69.10%
Operating Margin	61.91%	61.45%	60.57%	62.04%	60.41%	52.80%
Profit Margin	18.52%	14.92%	8.79%	6.58%	3.85%	2.20%
Free Cash Flow Margin	42.43%	42.41%	47.67%	48.85%	52.52%	31.19%
EBITDA	1,178	1,122	1,009	972.5	892.8	733.4
EBITDA Margin	75.03%	75.03%	74.85%	76.26%	74.17%	67.17%
D&A For EBITDA	206.1	203.1	192.5	181.3	165.6	156.9
EBIT	972.3	919	816.9	791.2	727.2	576.5
EBIT Margin	61.91%	61.45%	60.57%	62.04%	60.41%	52.80%
Effective Tax Rate	12.13%	9.83%	5.87%	4.11%	2.31%	1.48%
Revenue as Reported	1,571	1,496	1,349	1,275	1,204	1,092

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

SEC Filings: 10-K · 10-Q