Hess Midstream LP (HESM)
NYSE: HESM · Real-Time Price · USD
30.33
-0.13 (-0.43%)
Nov 10, 2026, 11:29 AM EST - Market open
Hess Midstream LP Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Operating Revenue | 1,598 | 1,617 | 1,492 | 1,346 | 1,273 | 1,204 |
Other Revenue | 5.2 | 4.1 | 3.6 | 2.5 | 2 | - |
| 1,603 | 1,621 | 1,496 | 1,349 | 1,275 | 1,204 | |
Revenue Growth | -0.60% | 8.41% | 10.89% | 5.76% | 5.93% | 10.25% |
Cost of Revenue | 350.9 | 370.6 | 347.3 | 313 | 279.6 | 288.3 |
Gross Profit | 1,253 | 1,251 | 1,148 | 1,036 | 995.6 | 915.5 |
Selling, General & Admin | 25 | 28.5 | 26.1 | 26.2 | 23.1 | 22.7 |
Operating Expenses | 247.2 | 242.6 | 229.2 | 218.7 | 204.4 | 188.3 |
Operating Income | 1,005 | 1,008 | 919 | 816.9 | 791.2 | 727.2 |
Interest Expense | -220.2 | -225.6 | -202.2 | -179 | -149.3 | -105.4 |
Earnings From Equity Investments | 15 | 15.9 | 14 | 7.7 | 5.3 | 10.6 |
EBT Excluding Unusual Items | 800.1 | 798.4 | 730.8 | 645.6 | 647.2 | 632.4 |
Pretax Income | 800.1 | 798.4 | 730.8 | 645.6 | 647.2 | 632.4 |
Income Tax Expense | 121.6 | 113.8 | 71.8 | 37.9 | 26.6 | 14.6 |
Earnings From Continuing Operations | 678.5 | 684.6 | 659 | 607.7 | 620.6 | 617.8 |
Minority Interest in Earnings | -301.8 | -331.7 | -435.9 | -489.1 | -536.7 | -571.4 |
Net Income | 376.7 | 352.9 | 223.1 | 118.6 | 83.9 | 46.4 |
Net Income to Common | 376.7 | 352.9 | 223.1 | 118.6 | 83.9 | 46.4 |
Net Income Growth | 14.15% | 58.18% | 88.11% | 41.36% | 80.82% | 93.33% |
Shares Outstanding (Basic) | 129 | 123 | 89 | 56 | 41 | 26 |
Shares Outstanding (Diluted) | 129 | 123 | 89 | 56 | 41 | 26 |
Shares Change | 10.38% | 38.31% | 58.08% | 35.99% | 61.09% | 41.99% |
EPS (Basic) | 2.92 | 2.87 | 2.51 | 2.11 | 2.03 | 1.81 |
EPS (Diluted) | 2.92 | 2.86 | 2.49 | 2.08 | 2.01 | 1.76 |
EPS Growth | 3.97% | 14.86% | 19.71% | 3.48% | 14.21% | 34.35% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 901.1 | 728.2 | 634.2 | 642.9 | 622.9 | 632.3 |
Free Cash Flow Per Share | 6.99 | 5.92 | 7.13 | 11.42 | 15.05 | 24.60 |
Dividend Per Share | 2.966 | 2.966 | 2.705 | 2.438 | 2.237 | 1.984 |
Dividend Growth | 322.95% | 9.63% | 10.96% | 8.97% | 12.78% | 12.97% |
Gross Margin | 78.11% | 77.14% | 76.78% | 76.79% | 78.07% | 76.05% |
Operating Margin | 62.70% | 62.18% | 61.45% | 60.57% | 62.04% | 60.41% |
Profit Margin | 23.49% | 21.77% | 14.92% | 8.79% | 6.58% | 3.85% |
Free Cash Flow Margin | 56.20% | 44.91% | 42.41% | 47.67% | 48.85% | 52.52% |
EBITDA | 1,228 | 1,222 | 1,122 | 1,009 | 972.5 | 892.8 |
EBITDA Margin | 76.56% | 75.38% | 75.03% | 74.85% | 76.26% | 74.17% |
D&A For EBITDA | 222.2 | 214.1 | 203.1 | 192.5 | 181.3 | 165.6 |
EBIT | 1,005 | 1,008 | 919 | 816.9 | 791.2 | 727.2 |
EBIT Margin | 62.70% | 62.18% | 61.45% | 60.57% | 62.04% | 60.41% |
Effective Tax Rate | 15.20% | 14.25% | 9.83% | 5.87% | 4.11% | 2.31% |
Revenue as Reported | 1,603 | 1,621 | 1,496 | 1,349 | 1,275 | 1,204 |