Hess Midstream LP (HESM) quarterly income statement — complete revenue, gross profit & net income history
| Metric | 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 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 390.1M | 404.2M | 420.9M | 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 | 303.9M | 294.8M |
| Revenue Growth % | 2.39% | 2.33% | 11.47% | 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% | 14.81% | 9.27% |
| Cost of Goods Sold | 144.1M | 147M | 154.7M | 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 | 41.5M | 40.4M |
| COGS % of Revenue | 36.94% | 36.37% | 36.75% | 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% | 13.66% | 13.7% |
| Gross Profit | 246M | 257.2M | 266.2M | 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 | 262.4M | 254.4M |
| Gross Margin % | 63.06% | 63.63% | 63.25% | 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% | 86.34% | 86.3% |
| Gross Profit Growth % | -25.34% | -25.17% | -18.37% | 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% | 16.52% | 10.18% |
| Operating Expenses | 7.9M | 5.6M | 7.3M | 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 | 103.2M | 68.8M |
| OpEx % of Revenue | 2.03% | 1.39% | 1.73% | 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% | 33.96% | 23.34% |
| Selling, General & Admin | 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 | 5.1M | 5.2M |
| SG&A % of Revenue | 2.03% | 1.39% | 1.73% | 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% | 1.68% | 1.76% |
| 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 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 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 | 159.2M | 185.6M |
| Operating Margin % | 61.04% | 62.25% | 61.51% | 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% | 52.39% | 62.96% |
| Operating Income Growth % | 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% | 16.04% | 40.82% |
| EBITDA | 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 | 200.7M | 226M |
| EBITDA Margin % | 76.03% | 75.66% | 74.96% | 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% | 66.04% | 76.66% |
| EBITDA Growth % | 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% | 13.58% | 32.4% |
| D&A (Non-Cash Add-back) | 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 | 41.5M | 40.4M |
| EBIT | 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 | 156.2M | 188.5M |
| Net Interest Income | -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 | -28M | -22.9M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 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 | 28M | 22.9M |
| Other Income/Expense | -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 | -31M | -20M |
| Pretax Income | 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 | 128.2M | 165.6M |
| Pretax Margin % | 47.65% | 49.04% | 49.18% | 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% | 42.18% | 56.17% |
| Income Tax | 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 | -2.9M | 3.6M |
| Effective Tax Rate % | 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% | -2.26% | 2.17% |
| Net Income | 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 | 9.9M | 11M |
| Net Margin % | 22.46% | 23.08% | 23.21% | 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% | 3.26% | 3.73% |
| Net Income Growth % | 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% | 76.79% | 107.55% |
| Net Income (Continuing) | 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 | 131.1M | 162M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -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 | 533.4M | 1.23B |
| EPS (Diluted) | 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 | 0.38 | 0.44 |
| EPS Growth % | 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% | 22.58% | 51.72% |
| EPS (Basic) | 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 | 0.40 | 0.44 |
| Diluted Shares Outstanding | 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 | 25.1M | 25.1M |
| Basic Shares Outstanding | 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 | 26.05M | 25M |
| Dividend Payout Ratio | 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% | 128.28% | 102.73% |