Hess Midstream LP (HESM) quarterly cash flow statement — complete operating, investing & financing history
Hess Midstream LP (HESM) cash flow statement — 14-year operating, investing & financing cash flows
| 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 |
|---|
| Cash from Operations | 267.9M | 278.6M | 253.3M | 245.6M | 258.9M | 276.9M | 202.4M | 258.5M | 224.9M | 271.6M | 185.3M | 247.6M | 215.5M | 204.6M | 198.7M | 222.6M | 234.7M | 213.2M | 190.6M | 223.5M |
| Operating CF Margin % | 65.33% | 69.82% | 65.17% | 60.93% | 61.7% | 66.96% | 53.12% | 65.44% | 59.56% | 74.49% | 52.24% | 68.87% | 59.45% | 63.25% | 65.3% | 70.91% | 70.23% | 68.12% | 61.07% | 70.66% |
| Operating CF Growth % | 3.48% | 0.61% | 25.15% | -4.99% | 15.12% | 1.95% | 9.23% | 4.4% | 4.36% | 32.75% | -6.74% | 11.23% | -8.18% | -4.03% | 4.25% | -0.4% | 28.96% | -5.08% | 15.24% | 28.08% |
| Net Income | 179.1M | 243.8M | 87.6M | 93.3M | 175.5M | 179.7M | 71.6M | 172.1M | 164.7M | 49.5M | 44.6M | 37.5M | 35.3M | 25.1M | 142.2M | 149.8M | 23.2M | 22M | 159.6M | 16.9M |
| Depreciation & Amortization | 55.1M | 54.4M | 58.5M | 54.2M | 56.6M | 51.8M | 51.5M | 51.3M | 51.5M | 50.5M | 49.8M | 50.4M | 47.7M | 47M | 47.4M | 46.4M | 45.5M | 45M | 44.4M | 43.5M |
| Stock-Based Compensation | 100K | 300K | 0 | 0 | 800K | 300K | 300K | 700K | 500K | 0 | 500K | 400K | 0 | 0 | 600K | 300K | 0 | 0 | 500K | 0 |
| Deferred Taxes | 32.1M | 31.1M | 28.2M | 30.1M | 31.6M | 29.1M | 22.9M | 22.6M | 18.9M | 15.9M | 14.2M | 12M | 11.3M | 8.1M | 6.5M | 7M | 7.5M | 7.1M | 5M | 5.4M |
| Other Non-Cash Items | 6M | -70.5M | 74.8M | 80.9M | 3.3M | 3.9M | 96.2M | 4.1M | 3.3M | 113.4M | 120.2M | 118.6M | 133.3M | 125.4M | 3.1M | 2.9M | 137.6M | 132.8M | 6.3M | 151.3M |
| Working Capital Changes | -4.5M | 19.5M | 4.2M | -12.9M | -8.9M | 12.1M | -40.1M | 7.7M | -14M | 42.3M | -44M | 28.7M | -12.1M | -1M | -1.1M | 16.2M | 20.9M | 6.3M | -25.2M | 6.4M |
| Change in Receivables | -13.1M | 6M | -6M | 300K | -6.5M | -3.3M | -1.6M | -7.8M | -18.1M | 17.6M | -6.1M | -2.3M | -11.6M | -1.1M | 14M | 7.7M | 22.9M | -16.1M | -17.1M | 15.3M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -7.9M | -8.1M | 8.1M | -22.1M | 6.4M | 10.9M | -35.6M | 13.5M | 11.1M | 10M | -23.1M | 21.8M | 3.7M | -13M | 1.1M | -3.7M | 6.3M | -6.4M | 6.1M | -21.6M |
| Cash from Investing | -25.7M | -23.1M | -28.8M | -66.7M | -80M | -63.4M | -45.5M | -95.1M | -92.3M | -63.9M | -54.8M | -63.5M | -52.7M | -43M | -64.3M | -61.6M | -65.9M | -55.9M | -54.8M | -43.2M |
| Capital Expenditures | -25.7M | -23.1M | -28.8M | -210.1M | -80M | -63.4M | -45.5M | -95.1M | -92.3M | -63.9M | -54.8M | -63.5M | -52.7M | -43M | -64.3M | -61.6M | -65.9M | -55.9M | -54.8M | -43.2M |
| CapEx % of Revenue | 6.27% | 5.79% | 7.41% | 52.12% | 19.07% | 15.33% | 11.94% | 24.08% | 24.44% | 17.53% | 15.45% | 17.66% | 14.54% | 13.29% | 21.13% | 19.62% | 19.72% | 17.86% | 17.56% | 13.66% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 143.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -246.2M | -255.1M | -221.8M | -182.5M | -177.9M | -215.1M | -155.1M | -169.4M | -221.9M | -112.3M | -131.7M | -182M | -162.5M | -162.2M | -133.9M | -160.5M | -168.6M | -157.9M | -135M | -180.7M |
| Debt Issued (Net) | -83.5M | -94.5M | -2.5M | -25.5M | 78M | 140M | 96.6M | -20M | 27.5M | -2.5M | 112.5M | 61.5M | 78M | 77M | 103M | -25.3M | -28M | -5M | -4M | -50.5M |
| Equity Issued (Net) | 0 | 0 | -60M | 0 | -100M | -200M | -100M | 300M | -100M | -100M | -100M | -100M | -100M | -100M | -100M | 0 | 0 | -400M | 0 | 0 |
| Dividends Paid | -101.3M | -99.9M | -98.9M | -97.7M | -96.6M | -82.9M | -73M | -71.4M | -61.1M | -52.1M | -50.7M | -42.3M | -34.2M | -25.9M | -25.1M | -24.8M | -24.5M | -24.2M | -17.5M | -17.2M |
| Share Repurchases | 0 | 0 | -60M | 0 | -100M | -200M | -100M | 300M | -100M | -100M | -100M | -100M | -100M | -100M | -100M | 0 | 0 | -400M | 0 | 0 |
| Other Financing | -61.4M | -60.7M | -60.4M | -59.3M | -59.3M | -72.2M | -78.7M | -378M | -88.3M | 42.3M | -93.5M | -101.2M | -106.3M | -113.3M | -111.8M | -110.4M | -116.1M | 271.3M | -113.5M | -113M |
| Net Change in Cash | -4M | 400K | 2.7M | -3.6M | 1M | -1.6M | 1.8M | -6M | -89.3M | 95.4M | -1.2M | 2.1M | 300K | -600K | 500K | 500K | 200K | -600K | 800K | -400K |
| Free Cash Flow | 242.2M | 255.5M | 224.5M | 35.5M | 178.9M | 213.5M | 156.9M | 163.4M | 132.6M | 207.7M | 130.5M | 184.1M | 162.8M | 161.6M | 134.4M | 161M | 168.8M | 157.3M | 135.8M | 180.3M |
| FCF Margin % | 59.06% | 64.04% | 57.76% | 8.81% | 42.64% | 51.63% | 41.18% | 41.37% | 35.12% | 56.97% | 36.79% | 51.21% | 44.91% | 49.95% | 44.17% | 51.29% | 50.51% | 50.26% | 43.51% | 57% |
| FCF Growth % | 35.38% | 19.67% | 43.08% | -78.27% | 34.92% | 2.79% | 20.23% | -11.24% | -18.55% | 28.53% | -2.9% | 14.35% | -3.55% | 2.73% | -1.03% | -10.7% | 47.17% | -20.8% | -2.09% | 51.01% |
| FCF per Share | 1.89 | 1.99 | 1.74 | 0.27 | 1.37 | 1.75 | 1.42 | 1.57 | 1.43 | 2.48 | 1.74 | 2.69 | 2.60 | 3.22 | 3.05 | 3.65 | 3.83 | 3.60 | 4.02 | 5.45 |
| FCF Conversion (FCF/Net Income) | 2.70x | 2.89x | 2.89x | 2.63x | 2.65x | 3.07x | 2.83x | 3.67x | 3.84x | 5.49x | 4.15x | 6.60x | 6.10x | 8.15x | 9.60x | 10.21x | 10.12x | 9.69x | 11.28x | 13.22x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 84.5M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |