Hess Midstream LP (HESM) quarterly balance sheet — complete assets, liabilities & equity history
Hess Midstream LP (HESM) balance sheet — 14-year assets, liabilities & shareholders' equity history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Total Current Assets | 170.1M | 157.2M | 165.8M | 159M | 168.2M | 150.9M | 150.1M | 149.4M | 154.2M | 214.1M | 139.3M | 136.8M | 137.7M | 114.1M | 116.6M | 132.3M | 146.8M | 158.4M | 147.2M | 133.1M |
| Cash & Short-Term Investments | 1M | 5M | 4.6M | 1.9M | 5.5M | 4.5M | 6.1M | 4.3M | 10.3M | 99.6M | 4.2M | 5.4M | 3.3M | 3M | 3.6M | 3.1M | 2.6M | 2.4M | 3M | 2.2M |
| Cash Only | 1M | 5M | 4.6M | 1.9M | 5.5M | 4.5M | 6.1M | 4.3M | 10.3M | 99.6M | 4.2M | 5.4M | 3.3M | 3M | 3.6M | 3.1M | 2.6M | 2.4M | 3M | 2.2M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 164.4M | 151.3M | 156.2M | 150.2M | 150.5M | 144M | 140.7M | 138.9M | 131.1M | 113M | 130.6M | 124.4M | 122M | 110.3M | 109.2M | 123M | 130.7M | 153.6M | 137.5M | 120.3M |
| Days Sales Outstanding | 35.41 | 35.07 | 35.47 | 34.31 | 32.29 | 31.33 | 33.02 | 31.44 | 29.74 | 30.4 | 32.71 | 31.53 | 29.48 | 30.87 | 34.34 | 37.18 | 39.13 | 42.32 | 37.17 | 37.2 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 4.7M | 900K | 5M | 6.9M | 4M | 2.4M | 3.3M | 6.2M | 12.8M | 1.5M | 4.5M | 7M | 12.4M | 800K | 3.8M | 6.2M | 13.5M | 2.4M | 6.7M | 10.6M |
| Total Non-Current Assets | 4.03B | 4.1B | 4.15B | 4.23B | 4.27B | 4.27B | 4.11B | 4B | 3.99B | 3.84B | 3.72B | 3.65B | 3.64B | 3.55B | 3.46B | 3.46B | 3.45B | 3.44B | 3.34B | 3.35B |
| Property, Plant & Equipment | 3.27B | 3.3B | 3.32B | 3.37B | 3.38B | 3.34B | 3.32B | 3.33B | 3.29B | 3.24B | 3.21B | 3.23B | 3.21B | 3.19B | 3.18B | 3.17B | 3.16B | 3.14B | 3.12B | 3.13B |
| Fixed Asset Turnover | 0.12x | 0.12x | 0.12x | 0.12x | 0.12x | 0.12x | 0.11x | 0.12x | 0.12x | 0.11x | 0.11x | 0.11x | 0.11x | 0.10x | 0.10x | 0.10x | 0.11x | 0.10x | 0.10x | 0.10x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 80.3M | 83.2M | 80M | 81.5M | 84.5M | 84.8M | 85.5M | 87M | 88.5M | 89.4M | 89.4M | 90.2M | 91.4M | 92.8M | 92.9M | 93.9M | 98.3M | 96.9M | 97.3M | 101.6M |
| Other Non-Current Assets | 3.4M | 4M | 4.7M | 4.1M | 4.7M | 5.4M | 6.1M | 6.6M | 612.4M | 7.7M | 419.1M | 333.3M | 338.6M | 264.5M | 186M | 189.2M | 196.8M | 198.8M | 120.1M | 125.9M |
| Total Assets | 4.2B | 4.26B | 4.32B | 4.39B | 4.44B | 4.42B | 4.26B | 4.15B | 4.15B | 4.05B | 3.86B | 3.79B | 3.78B | 3.66B | 3.58B | 3.59B | 3.6B | 3.6B | 3.48B | 3.49B |
| Asset Turnover | 0.10x | 0.09x | 0.09x | 0.09x | 0.09x | 0.10x | 0.09x | 0.10x | 0.09x | 0.09x | 0.09x | 0.10x | 0.10x | 0.09x | 0.08x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x |
| Asset Growth % | -5.34% | -3.76% | 1.26% | 5.72% | 7.01% | 9.21% | 10.38% | 9.54% | 9.84% | 10.67% | 7.94% | 5.61% | 4.83% | 1.7% | 2.76% | 2.94% | 4.22% | 6.27% | 2.77% | 3.29% |
| Total Current Liabilities | 690.2M | 204M | 181.2M | 187.8M | 224.3M | 213.5M | 186.1M | 219.3M | 220.9M | 192.2M | 157.2M | 210.2M | 173.8M | 148.8M | 138.5M | 159.5M | 157.5M | 152.5M | 143.8M | 170.9M |
| Accounts Payable | 24.6M | 31.7M | 53.1M | 51.8M | 93.4M | 32.4M | 25.5M | 55.9M | 87.4M | 79.9M | 31.2M | 79.7M | 27.7M | 27.5M | 39.8M | 62.7M | 34.6M | 32.3M | 35.6M | 26.9M |
| Days Payables Outstanding | 18.28 | 27.5 | 80.69 | 123.23 | 102.24 | 50.86 | 71.13 | 128.5 | 149.43 | 100.1 | 101.32 | 98.02 | 53.23 | 65.15 | 97.31 | 96.46 | 67.64 | 68.65 | 63.34 | 80.69 |
| Short-Term Debt | 519.2M | 37.5M | 35M | 32.5M | 30M | 27.5M | 25M | 22.5M | 20M | 17.5M | 15M | 12.5M | 10M | 7.5M | 5M | 2.5M | 0 | 0 | 22.5M | 20M |
| Deferred Revenue (Current) | 0 | 0 | 15.7M | 6.4M | 0 | 0 | 1.8M | 0 | 0 | 1.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 12.1M | 8.1M | 77.4M | 97.1M | 11M | 7.2M | 2.3M | 200K | 36.3M | 5.4M | 52.6M | 43.5M | 39.6M | 57M | 25.5M | 24.8M | 55.2M | 56.2M | 43.8M | 64.2M |
| Current Ratio | 0.25x | 0.77x | 0.92x | 0.85x | 0.75x | 0.71x | 0.81x | 0.68x | 0.70x | 1.11x | 0.89x | 0.65x | 0.79x | 0.77x | 0.84x | 0.83x | 0.93x | 1.04x | 1.02x | 0.78x |
| Quick Ratio | 0.25x | 0.77x | 0.92x | 0.85x | 0.75x | 0.71x | 0.81x | 0.68x | 0.70x | 1.11x | 0.89x | 0.65x | 0.79x | 0.77x | 0.84x | 0.83x | 0.93x | 1.04x | 1.02x | 0.78x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 3.11B | 3.66B | 3.76B | 3.76B | 3.79B | 3.7B | 3.56B | 3.47B | 3.48B | 3.46B | 3.32B | 3.22B | 3.16B | 3.08B | 3B | 2.9B | 2.93B | 2.96B | 2.56B | 2.56B |
| Long-Term Debt | 3.08B | 3.64B | 3.74B | 3.74B | 3.76B | 3.69B | 3.55B | 3.45B | 3.47B | 3.44B | 3.31B | 3.2B | 3.14B | 3.06B | 2.99B | 2.88B | 2.91B | 2.94B | 2.54B | 2.54B |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 500K | 500K | 500K | 500K | 500K | 500K | 500K | 500K | 0 | 400K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 25.5M | 21.6M | 23.7M | 22.6M | 21.5M | 14.6M | 17.3M | 16.5M | 14.4M | 12.1M | 13.5M | 17.2M | 18.1M | 14.9M | 16.4M | 16.6M | 21.1M | 21.3M | 18.5M | 18.1M |
| Total Liabilities | 3.8B | 3.87B | 3.94B | 3.95B | 4.01B | 3.92B | 3.75B | 3.69B | 3.71B | 3.65B | 3.48B | 3.43B | 3.33B | 3.22B | 3.14B | 3.06B | 3.09B | 3.11B | 2.7B | 2.73B |
| Total Debt | 3.6B | 3.68B | 3.77B | 3.77B | 3.79B | 3.71B | 3.57B | 3.47B | 3.49B | 3.46B | 3.33B | 3.21B | 3.15B | 3.07B | 2.99B | 2.89B | 2.91B | 2.94B | 2.56B | 2.56B |
| Net Debt | 3.6B | 3.67B | 3.77B | 3.77B | 3.79B | 3.71B | 3.57B | 3.47B | 3.48B | 3.36B | 3.32B | 3.21B | 3.15B | 3.07B | 2.99B | 2.88B | 2.91B | 2.94B | 2.56B | 2.56B |
| Debt / Equity | 8.90x | 9.48x | 10.06x | 8.61x | 8.90x | 7.32x | 6.96x | 7.46x | 7.90x | 8.59x | 8.71x | 8.84x | 7.07x | 7.06x | 6.82x | 5.45x | 5.66x | 6.03x | 3.28x | 3.40x |
| Debt / EBITDA | 11.34x | 11.96x | 12.72x | 12.33x | 12.03x | 11.91x | 12.36x | 11.80x | 12.32x | 12.68x | 12.23x | 12.33x | 11.76x | 12.52x | 12.66x | 11.88x | 11.66x | 12.22x | 10.67x | 10.53x |
| Net Debt / EBITDA | 11.33x | 11.95x | 12.70x | 12.33x | 12.01x | 11.89x | 12.34x | 11.78x | 12.29x | 12.32x | 12.22x | 12.31x | 11.75x | 12.51x | 12.65x | 11.87x | 11.65x | 12.21x | 10.66x | 10.52x |
| Interest Coverage | 4.94x | 4.53x | 4.36x | 4.50x | 4.63x | 4.77x | 4.27x | 4.73x | 4.54x | 4.55x | 4.63x | 4.45x | 4.85x | 4.56x | 4.57x | 5.06x | 5.18x | 5.25x | 6.26x | 6.43x |
| Total Equity | 404.6M | 388M | 374.8M | 437.9M | 426.5M | 507.6M | 512.9M | 465.3M | 441.8M | 402.6M | 381.7M | 363.2M | 445.3M | 434.8M | 438.5M | 529M | 513.9M | 487.5M | 781.8M | 753.1M |
| Equity Growth % | -5.13% | -23.56% | -26.93% | -5.89% | -3.46% | 26.08% | 34.37% | 28.11% | -0.79% | -7.41% | -12.95% | -31.34% | -13.35% | -10.81% | -43.91% | -29.76% | -23.2% | -65.64% | -43.56% | -43.21% |
| Book Value per Share | 3.15 | 3.02 | 2.90 | 3.38 | 3.27 | 4.17 | 4.63 | 4.47 | 4.75 | 4.80 | 5.08 | 5.31 | 7.12 | 8.66 | 9.94 | 12.00 | 11.65 | 11.16 | 23.13 | 22.75 |
| Total Shareholders' Equity | 512.8M | 514.6M | 518M | 568.3M | 572.5M | 635M | 601.3M | 530.7M | 531M | 464.5M | 404.3M | 340.2M | 367.4M | 302.1M | 227.9M | 245.1M | 247.8M | 248.7M | 203.9M | 204.1M |
| Common Stock | 0 | 0 | 518M | 568.3M | 572.5M | 635M | 601.3M | 530.7M | 531M | 464.5M | 404.3M | 340.2M | 367.4M | 302.1M | 227.9M | 245.1M | 247.8M | 248.7M | 203.9M | 204.1M |
| Retained Earnings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -108.2M | -126.6M | -143.2M | -130.4M | -146M | -127.4M | -88.4M | -65.4M | -89.2M | -61.9M | -22.6M | 23M | 77.9M | 132.7M | 210.6M | 283.9M | 266.1M | 238.8M | 577.9M | 549M |