Hess Midstream LP (HESM) — Financial statements
Income statement, balance sheet, and cash flow for Hess Midstream LP — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,621↑8.7% | 1,492↑10.8% | 1,346↑5.7% | 1,273↑5.8% | 1,204 | |
| Cost of Revenue | 585↑187.9% | 203↑5.5% | 193↑6.2% | 181↑9.5% | 166 | |
| Gross Profit | 1,037↓19.6% | 1,289↑11.7% | 1,154↑5.7% | 1,092↑5.2% | 1,038 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00↓100.0% | 26↓0.4% | 26↑13.4% | 23↑1.8% | 23 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 29↑9.2% | 26↓0.4% | 26↑13.4% | 23↑1.8% | 23 | |
| Other Expenses | 0.00↓100.0% | 344↑10.7% | 311↑11.9% | 278↓3.7% | 288 | |
| Operating Expenses | 29↓92.3% | 370↑9.8% | 337↑12.0% | 301↓3.3% | 311 | |
| Total Costs & Expenses | 613↑7.0% | 573↑8.3% | 529↑9.8% | 482↑1.1% | 477 | |
| Operating Results | ||||||
| Operating Income | 1,008↑9.7% | 919↑12.5% | 817↑3.2% | 791↑8.8% | 727 | |
| Depreciation & Amortization | 214↑5.4% | 203↑5.5% | 193↑6.2% | 181↑9.5% | 166 | |
| EBITDA | 1,238↑9.0% | 1,136↑11.7% | 1,017↑4.0% | 978↑8.2% | 903 | |
| EBIT | 1,024↑9.8% | 933↑13.1% | 825↑3.5% | 797↑8.0% | 738 | |
| Interest & Other Income | ||||||
| Net Interest Income | -226↓11.6% | -202↓13.0% | -179↓19.9% | -149↓41.7% | -105 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 226↑11.6% | 202↑13.0% | 179↑19.9% | 149↑41.7% | 105 | |
| Non-Operating Income | -16↓13.6% | -14↓81.8% | -8↓45.3% | -5↑50.0% | -11 | |
| Other Income / Expenses | -210↓11.4% | -188↓9.9% | -171↓19.0% | -144↓51.9% | -95 | |
| Income Before Tax | 798↑9.3% | 731↑13.2% | 646↓0.2% | 647↑2.3% | 632 | |
| Income Tax Expense | 114↑58.5% | 72↑89.4% | 38↑42.5% | 27↑82.2% | 15 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 685↑3.9% | 659↑8.4% | 608↓2.1% | 621↑0.5% | 618 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 353↑58.2% | 223↑88.1% | 119↑41.4% | 84↑80.8% | 46 | |
| Bottom-Line Net Income | 353↑58.2% | 223↑88.1% | 119↑41.4% | 84↑80.8% | 46 | |
| EPS (Basic) | 2.87↑14.3% | 2.51↑19.0% | 2.11↑3.9% | 2.03↑12.2% | 1.81 | |
| EPS (Diluted) | 2.86↑14.9% | 2.49↑19.7% | 2.08↑3.5% | 2.01↑14.2% | 1.76 | |
| Weighted Average Shares | 123↑38.3% | 89↑58.4% | 56↑36.1% | 41↑56.7% | 26 | |
| Weighted Average Diluted Shares | 123↑38.3% | 89↑58.1% | 56↑36.0% | 41↑61.1% | 26 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.