Hess Midstream LP (HESM) Quarterly Income Statement

120+ quarters historyFree accessUpdated daily

Hess Midstream LP (HESM) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

HESM Income Statement

Hess Midstream LP (HESM) annual income statement — 14-year revenue, gross profit & net income 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

Sales/Revenue	410.1M	399M	388.7M	403.1M	419.6M	413.5M	381M	395M	377.6M	364.6M	354.7M	359.5M	362.5M	323.5M	304.3M	313.9M	334.2M	313M	312.1M	316.3M
Revenue Growth %	-2.26%	-3.51%	2.02%	2.05%	11.12%	13.41%	7.41%	9.87%	4.17%	12.7%	16.56%	14.53%	8.47%	3.35%	-2.5%	-0.76%	9.97%	6.17%	8.07%	18.69%
Cost of Goods Sold	141.7M	140.3M	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
COGS % of Revenue	34.55%	35.16%	15.05%	13.45%	13.49%	12.53%	13.52%	12.99%	13.64%	13.85%	14.04%	14.02%	13.16%	14.53%	15.58%	14.78%	13.61%	14.38%	14.23%	13.75%
Gross Profit	268.4M	258.7M	330.2M	348.9M	363M	361.7M	329.5M	343.7M	326.1M	314.1M	304.9M	309.1M	314.8M	276.5M	256.9M	267.5M	288.7M	268M	267.7M	272.8M
Gross Margin %	65.45%	64.84%	84.95%	86.55%	86.51%	87.47%	86.48%	87.01%	86.36%	86.15%	85.96%	85.98%	86.84%	85.47%	84.42%	85.22%	86.39%	85.62%	85.77%	86.25%
Gross Profit Growth %	-26.06%	-28.48%	0.21%	1.51%	11.32%	15.15%	8.07%	11.19%	3.59%	13.6%	18.68%	15.55%	9.04%	3.17%	-4.03%	-1.94%	10.02%	5.35%	7.68%	20.44%
Operating Expenses	6M	5.5M	92.1M	97.3M	104.1M	101.5M	92.1M	100.7M	94.4M	91.8M	82.9M	99M	94.8M	78.4M	68.2M	71.1M	84.7M	72.7M	72.2M	72.9M
OpEx % of Revenue	1.46%	1.38%	23.69%	24.14%	24.81%	24.55%	24.17%	25.49%	25%	25.18%	23.37%	27.54%	26.15%	24.23%	22.41%	22.65%	25.34%	23.23%	23.13%	23.05%
Selling, General & Admin	6M	5.5M	7.9M	5.6M	7.3M	8.1M	7.5M	8.9M	6.3M	5.2M	5.7M	8M	6M	5.8M	6.4M	6.1M	5.7M	5.3M	6M	6.1M
SG&A % of Revenue	1.46%	1.38%	2.03%	1.39%	1.74%	1.96%	1.97%	2.25%	1.67%	1.43%	1.61%	2.23%	1.66%	1.79%	2.1%	1.94%	1.71%	1.69%	1.92%	1.93%
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Operating Income	262.4M	253.2M	238.1M	251.6M	258.9M	260.2M	237.4M	243M	231.7M	222.3M	222M	210.1M	220M	198.1M	188.7M	196.4M	204M	195.3M	195.5M	199.9M
Operating Margin %	63.98%	63.46%	61.26%	62.42%	61.7%	62.93%	62.31%	61.52%	61.36%	60.97%	62.59%	58.44%	60.69%	61.24%	62.01%	62.57%	61.04%	62.4%	62.64%	63.2%
Operating Income Growth %	1.35%	-2.69%	0.29%	3.54%	11.74%	17.05%	6.94%	15.66%	5.32%	12.22%	17.65%	6.98%	7.84%	1.43%	-3.48%	-1.75%	28.14%	5.23%	7.12%	29.22%
EBITDA	317.5M	307.6M	296.6M	305.8M	315.5M	312M	288.9M	294.3M	283.2M	272.8M	271.8M	260.5M	267.7M	245.1M	236.1M	242.8M	249.5M	240.3M	239.9M	243.4M
EBITDA Margin %	77.42%	77.09%	76.31%	75.86%	75.19%	75.45%	75.83%	74.51%	75%	74.82%	76.63%	72.46%	73.85%	75.77%	77.59%	77.35%	74.66%	76.77%	76.87%	76.95%
EBITDA Growth %	0.63%	-1.41%	2.67%	3.91%	11.41%	14.37%	6.29%	12.97%	5.79%	11.3%	15.12%	7.29%	7.29%	2%	-1.58%	-0.25%	24.31%	6.33%	7.72%	25.01%
D&A (Non-Cash Add-back)	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
EBIT	264.8M	247.1M	241.3M	254.9M	264.1M	264.2M	240.8M	246.9M	235.4M	226M	224.7M	212.5M	222M	199.8M	190.3M	205.9M	206.8M	196.3M	195.9M	201.9M
Net Interest Income	-53.6M	-54.5M	-55.4M	-56.7M	-57.1M	-55.4M	-56.4M	-52.2M	-51.8M	-49.7M	-48.5M	-47.8M	-45.8M	-43.8M	-41.6M	-40.7M	-39.9M	-37.4M	-31.3M	-31.4M
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense	53.6M	54.5M	55.4M	56.7M	57.1M	55.4M	56.4M	52.2M	51.8M	49.7M	48.5M	47.8M	45.8M	43.8M	41.6M	40.7M	39.9M	37.4M	31.3M	31.4M
Other Income/Expense	-51.2M	-48.4M	-52.2M	-53.4M	-51.9M	-51.4M	-53M	-48.3M	-48.1M	-46M	-45.8M	-45.4M	-43.8M	-42.1M	-40M	-31.2M	-37.1M	-36.4M	-30.9M	-29.4M
Pretax Income	211.2M	204.8M	185.9M	198.2M	207M	208.8M	184.4M	194.7M	183.6M	176.3M	176.2M	164.7M	176.2M	156M	148.7M	165.2M	166.9M	158.9M	164.6M	170.5M
Pretax Margin %	51.5%	51.33%	47.83%	49.17%	49.33%	50.5%	48.4%	49.29%	48.62%	48.35%	49.68%	45.81%	48.61%	48.22%	48.87%	52.63%	49.94%	50.77%	52.74%	53.9%
Income Tax	32.1M	31.1M	28.2M	30.2M	31.5M	29.1M	23M	22.6M	18.9M	16M	14.3M	11.9M	11.4M	8.1M	6.5M	15.4M	7.5M	7.1M	5M	5.4M
Effective Tax Rate %	15.2%	15.19%	15.17%	15.24%	15.22%	13.94%	12.47%	11.61%	10.29%	9.08%	8.12%	7.23%	6.47%	5.19%	4.37%	9.32%	4.49%	4.47%	3.04%	3.17%
Net Income	99.4M	96.4M	87.6M	93.3M	97.7M	90.3M	71.6M	70.4M	58.6M	49.5M	44.6M	37.5M	35.3M	25.1M	20.7M	21.8M	23.2M	22M	16.9M	16.9M
Net Margin %	24.24%	24.16%	22.54%	23.15%	23.28%	21.84%	18.79%	17.82%	15.52%	13.58%	12.57%	10.43%	9.74%	7.76%	6.8%	6.94%	6.94%	7.03%	5.41%	5.34%
Net Income Growth %	1.74%	6.76%	22.35%	32.53%	66.72%	82.42%	60.54%	87.73%	66.01%	97.21%	115.46%	72.02%	52.16%	14.09%	22.49%	28.99%	134.34%	100%	96.51%	156.06%
Net Income (Continuing)	179.1M	173.7M	157.7M	168M	175.5M	179.7M	161.4M	172.1M	164.7M	160.3M	161.9M	152.8M	164.8M	147.9M	142.2M	149.8M	159.4M	151.8M	159.6M	165.1M
Discontinued Operations	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
EPS (Diluted)	0.77	0.75	0.68	0.72	0.75	0.74	0.65	0.68	0.63	0.59	0.59	0.55	0.57	0.50	0.47	0.49	0.53	0.50	0.49	0.49
EPS Growth %	2.67%	1.35%	4.62%	5.88%	19.05%	25.42%	10.17%	23.64%	10.53%	18%	25.53%	12.24%	7.55%	0%	-4.08%	0%	39.47%	13.64%	13.95%	36.11%
EPS (Basic)	0.77	0.75	0.68	0.72	0.75	0.74	0.65	0.68	0.63	0.59	0.59	0.55	0.57	0.50	0.47	0.49	0.53	0.51	0.50	0.51
Diluted Shares Outstanding	128.4M	128.4M	129.2M	129.4M	130.3M	121.8M	110.8M	104.1M	93M	83.8M	75.2M	68.4M	62.5M	50.2M	44.1M	44.1M	44.1M	43.7M	33.8M	33.1M
Basic Shares Outstanding	128.4M	128.4M	129.2M	129.4M	130.3M	121.8M	110.7M	104.1M	93M	83.8M	75.1M	68.4M	62.5M	50.1M	44M	44.1M	44M	43.7M	33.7M	34.46M
Dividend Payout Ratio	101.91%	103.63%	112.9%	104.72%	98.87%	91.81%	101.96%	101.42%	104.27%	105.25%	113.68%	112.8%	96.88%	103.19%	121.26%	113.76%	105.6%	110%	103.55%	101.78%