HESM
Hess Midstream·NYSE
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HESM fundamentals
During Q4 2025, Hess Midstream (HESM) reported revenue of 404.20M, a YoY change of 2.10%. Net income was 168.00M, a YoY change of -2.38%. Click to view the full income statement and explore the company's earnings performance.
Income Statement
Q2,2018 | Q1,2019 | Q2,2019 | Q3,2019 | Q4,2019 | Q1,2020 | Q2,2020 | Q3,2020 | Q4,2020 | Q1,2021 | Q2,2021 | Q3,2021 | Q4,2021 | Q1,2022 | Q2,2022 | Q3,2022 | Q4,2022 | Q1,2023 | Q2,2023 | Q3,2023 | Q4,2023 | Q1,2024 | Q2,2024 | Q3,2024 | Q4,2024 | Q1,2025 | Q2,2025 | Q3,2025 | Q4,2025 | TTM |
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Start Date | Apr 1, 2018 | Jan 1, 2019 | Apr 1, 2019 | Jul 1, 2019 | Oct 1, 2019 | Jan 1, 2020 | Apr 1, 2020 | Jul 1, 2020 | Oct 1, 2020 | Jan 1, 2021 | Apr 1, 2021 | Jul 1, 2021 | Oct 1, 2021 | Jan 1, 2022 | Apr 1, 2022 | Jul 1, 2022 | Oct 1, 2022 | Jan 1, 2023 | Apr 1, 2023 | Jul 1, 2023 | Oct 1, 2023 | Jan 1, 2024 | Apr 1, 2024 | Jul 1, 2024 | Oct 1, 2024 | Jan 1, 2025 | Apr 1, 2025 | Jul 1, 2025 | Oct 1, 2025 | -- |
End Date | Jun 30, 2018 | Mar 31, 2019 | Jun 30, 2019 | Sep 30, 2019 | Dec 31, 2019 | Mar 31, 2020 | Jun 30, 2020 | Sep 30, 2020 | Dec 31, 2020 | Mar 31, 2021 | Jun 30, 2021 | Sep 30, 2021 | Dec 31, 2021 | Mar 31, 2022 | Jun 30, 2022 | Sep 30, 2022 | Dec 31, 2022 | Mar 31, 2023 | Jun 30, 2023 | Sep 30, 2023 | Dec 31, 2023 | Mar 31, 2024 | Jun 30, 2024 | Sep 30, 2024 | Dec 31, 2024 | Mar 31, 2025 | Jun 30, 2025 | Sep 30, 2025 | Dec 31, 2025 | -- |
Fiscal Year-End | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | -- |
Revenue | 176.50M -- | 189.60M -- | 190.30M +7.82% | 214.90M -- | 253.50M -- | 290.80M +53.38% | 269.80M +41.78% | 264.80M +23.22% | 266.50M +5.13% | 288.80M -0.69% | 294.80M +9.27% | 303.90M +14.77% | 316.30M +18.69% | 312.40M +8.17% | 313.40M +6.31% | 334.80M +10.17% | 314.60M -0.54% | 305.00M -2.37% | 324.00M +3.38% | 363.10M +8.45% | 356.50M +13.32% | 355.60M +16.59% | 365.50M +12.81% | 378.50M +4.24% | 395.90M +11.05% | 382.00M +7.42% | 414.20M +13.32% | 420.90M +11.20% | 404.20M +2.10% | 1.62B -- |
Sales and Services Revenue | 176.30M -- | 189.40M -- | 190.20M +7.88% | 214.90M -- | 253.10M -- | 290.60M +53.43% | 269.80M +41.85% | 264.70M +23.17% | 266.50M +5.29% | 288.80M -0.62% | 294.80M +9.27% | 303.90M +14.81% | 316.30M +18.69% | 312.10M +8.07% | 313.00M +6.17% | 334.20M +9.97% | 313.90M -0.76% | 304.30M -2.50% | 323.50M +3.35% | 362.50M +8.47% | 355.80M +13.35% | 354.70M +16.56% | 364.60M +12.70% | 377.60M +4.17% | 395.00M +11.02% | 381.00M +7.41% | 413.50M +13.41% | 419.60M +11.12% | 403.10M +2.05% | 1.62B -- |
Other Revenue | 200.00K -- | 200.00K -- | 100.00K -50.00% | -- -- | 400.00K -- | 200.00K -- | -- -- | 100.00K -- | 0 -100.00% | -- -- | -- -- | -- -- | 0 -- | 300.00K -- | 400.00K -- | 600.00K -- | 700.00K -- | 700.00K +133.33% | 500.00K +25.00% | 600.00K -- | 700.00K -- | 900.00K +28.57% | 900.00K +80.00% | 900.00K +50.00% | 900.00K +28.57% | 1.00M +11.11% | 700.00K -22.22% | 1.30M +44.44% | 1.10M +22.22% | 4.10M -- |
Cost of Revenue | 46.00M -- | 54.30M -- | 57.90M +25.87% | 71.90M -- | 92.70M -- | 91.90M +69.24% | 95.00M +64.08% | 83.90M +16.69% | 66.60M -28.16% | 59.80M -34.93% | 63.60M -33.05% | 98.10M +16.92% | 66.80M +0.30% | 66.50M +11.20% | 67.80M +6.60% | 79.60M -18.86% | 65.70M -1.65% | 62.50M -6.02% | 73.10M +7.82% | 89.40M +12.31% | 88.00M +33.94% | 78.10M +24.96% | 87.50M +19.70% | 89.00M -0.45% | 92.70M +5.34% | 85.60M +9.60% | 94.10M +7.54% | 98.10M +10.22% | 92.80M +0.11% | 370.60M -- |
Gross Profit | 130.50M -- | 135.30M -- | 132.40M +1.46% | 143.00M -- | -410.70M -- | 198.90M +47.01% | 174.80M +32.02% | 180.90M +26.50% | -554.60M -35.04% | 229.00M +15.13% | 231.20M +32.27% | 205.80M +13.76% | -666.00M -20.09% | 245.90M +7.38% | 245.60M +6.23% | 255.20M +24.00% | -746.70M -12.12% | 242.50M -1.38% | 250.90M +2.16% | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- |
Operating Expenses | 34.20M -- | 39.50M -- | 41.20M +20.47% | 43.70M -- | 347.30M -- | 46.10M +16.71% | 43.00M +4.37% | 43.70M -- | 382.60M +10.16% | 46.50M +0.87% | 45.60M +6.05% | 46.60M +6.64% | 337.90M -11.68% | 50.40M +8.39% | 50.30M +10.31% | 51.20M +9.87% | 332.10M -1.72% | 53.80M +6.75% | 52.80M +4.97% | 143.10M +179.49% | 146.40M -55.92% | 133.60M +148.33% | 143.20M +171.21% | 146.80M +2.59% | 152.90M +4.44% | 144.60M +8.23% | 154.00M +7.54% | 162.00M +10.35% | 152.60M -0.20% | 613.20M -- |
Selling, General and Administrative Expenses | 34.20M -- | 39.50M -- | 41.20M +20.47% | 43.70M -- | 70.50M -- | 46.10M +16.71% | 43.00M +4.37% | 43.70M -- | 45.20M -35.89% | 46.50M +0.87% | 45.60M +6.05% | 46.60M +6.64% | 49.60M +9.73% | 50.40M +8.39% | 50.30M +10.31% | 51.20M +9.87% | 52.50M +5.85% | 53.80M +6.75% | 52.80M +4.97% | 53.70M +4.88% | 58.40M +11.24% | 55.50M +3.16% | 55.70M +5.49% | 57.80M +7.64% | 60.20M +3.08% | 59.00M +6.31% | 59.90M +7.54% | 63.90M +10.55% | 59.80M -0.66% | 242.60M -- |
General and Administrative Expenses | -- -- | -- -- | -- -- | -- -- | 52.40M -- | -- -- | -- -- | -- -- | 21.10M -59.73% | -- -- | -- -- | -- -- | 22.70M +7.58% | -- -- | -- -- | -- -- | 23.10M +1.76% | -- -- | -- -- | 6.00M -- | 8.00M -65.37% | 5.70M -- | 5.20M -- | 6.30M +5.00% | 8.90M +11.25% | 7.50M +31.58% | 8.10M +55.77% | 7.30M +15.87% | 5.60M -37.08% | 28.50M -- |
Other Operating Expenses | -- -- | -- -- | -- -- | -- -- | 276.80M -- | -- -- | -- -- | -- -- | 337.40M +21.89% | -- -- | -- -- | -- -- | 288.30M -14.55% | -- -- | -- -- | -- -- | 279.60M -3.02% | -- -- | -- -- | 89.40M -- | 88.00M -68.53% | 78.10M -- | 87.50M -- | 89.00M -0.45% | 92.70M +5.34% | 85.60M +9.60% | 94.10M +7.54% | 98.10M +10.22% | 92.80M +0.11% | 370.60M -- |
Operating Income | 96.30M -- | 95.80M -- | 91.20M -5.30% | 99.30M -- | 90.30M -- | 152.80M +59.50% | 131.80M +44.52% | 137.20M +38.17% | 154.70M +71.32% | 182.50M +19.44% | 185.60M +40.82% | 159.20M +16.03% | 199.90M +29.22% | 195.50M +7.12% | 195.30M +5.23% | 204.00M +28.14% | 196.40M -1.75% | 188.70M -3.48% | 198.10M +1.43% | 220.00M +7.84% | 210.10M +6.98% | 222.00M +17.65% | 222.30M +12.22% | 231.70M +5.32% | 243.00M +15.66% | 237.40M +6.94% | 260.20M +17.05% | 258.90M +11.74% | 251.60M +3.54% | 1.01B -- |
Non-Operating Income (Loss) | -13.50M -- | -15.00M -- | -16.80M -24.44% | -11.90M -- | -15.30M -- | -22.10M -47.33% | -22.30M -32.74% | -19.60M -64.71% | -20.30M -32.68% | -20.40M +7.69% | -20.00M +10.31% | -25.00M -27.55% | -29.40M -44.83% | -30.90M -51.47% | -36.40M -82.00% | -37.10M -48.40% | -39.60M -34.69% | -40.00M -29.45% | -42.10M -15.66% | -43.80M -18.06% | -45.40M -14.65% | -45.80M -14.50% | -46.00M -9.26% | -48.10M -9.82% | -48.30M -6.39% | -53.00M -15.72% | -51.40M -11.74% | -51.90M -7.90% | -53.40M -10.56% | -209.70M -- |
Income (Loss) from Affiliates | -- -- | -- -- | -- -- | 500.00K -- | 2.90M -- | 2.70M -- | 900.00K -- | 3.60M +620.00% | 3.10M +6.90% | 2.70M -- | 2.90M +222.22% | 3.00M -16.67% | 2.00M -35.48% | 400.00K -85.19% | 1.00M -65.52% | 2.80M -6.67% | 1.10M -45.00% | 1.60M +300.00% | 1.70M +70.00% | 2.00M -28.57% | 2.40M +118.18% | 2.70M +68.75% | 3.70M +117.65% | 3.70M +85.00% | 3.90M +62.50% | 3.40M +25.93% | 4.00M +8.11% | 5.20M +40.54% | 3.30M -15.38% | 15.90M -- |
Other Non-Operating Income (Loss) | -- -- | -- -- | -- -- | -- -- | 0 -- | -- -- | 100.00K -- | -- -- | 0 -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- |
Net Interest Expense | 13.50M -- | 15.00M -- | 16.80M +24.44% | 12.40M -- | 18.20M -- | 24.80M +65.33% | 23.30M +38.69% | 23.20M +87.10% | 23.40M +28.57% | 23.10M -6.85% | 22.90M -1.72% | 28.00M +20.69% | 31.40M +34.19% | 31.30M +35.50% | 37.40M +63.32% | 39.90M +42.50% | 40.70M +29.62% | 41.60M +32.91% | 43.80M +17.11% | 45.80M +14.79% | 47.80M +17.44% | 48.50M +16.59% | 49.70M +13.47% | 51.80M +13.10% | 52.20M +9.21% | 56.40M +16.29% | 55.40M +11.47% | 57.10M +10.23% | 56.70M +8.62% | 225.60M -- |
Pretax Income From Continuing Operations | 82.80M -- | 80.80M -- | 74.40M -10.14% | 87.40M -- | 75.00M -- | 130.70M +61.76% | 109.50M +47.18% | 117.60M +34.55% | 134.40M +79.20% | 162.10M +24.02% | 165.60M +51.23% | 134.20M +14.12% | 170.50M +26.86% | 164.60M +1.54% | 158.90M -4.05% | 166.90M +24.37% | 156.80M -8.04% | 148.70M -9.66% | 156.00M -1.83% | 176.20M +5.57% | 164.70M +5.04% | 176.20M +18.49% | 176.30M +13.01% | 183.60M +4.20% | 194.70M +18.21% | 184.40M +4.65% | 208.80M +18.43% | 207.00M +12.75% | 198.20M +1.80% | 798.40M -- |
Income Tax Expense | -- -- | -- -- | -- -- | -- -- | -100.00K -- | 1.70M -- | 1.70M -- | 1.80M -- | 2.10M +2200.00% | 2.50M +47.06% | 3.60M +111.76% | 3.10M +72.22% | 5.40M +157.14% | 5.00M +100.00% | 7.10M +97.22% | 7.50M +141.94% | 7.00M +29.63% | 6.50M +30.00% | 8.10M +14.08% | 11.40M +52.00% | 11.90M +70.00% | 14.30M +120.00% | 16.00M +97.53% | 18.90M +65.79% | 22.60M +89.92% | 23.00M +60.84% | 29.10M +81.88% | 31.50M +66.67% | 30.20M +33.63% | 113.80M -- |
Current Income Tax | -- -- | -- -- | -- -- | -- -- | 0 -- | -- -- | -- -- | -- -- | 1.10M -- | -- -- | -- -- | -- -- | 2.10M +90.91% | -- -- | -- -- | -- -- | 3.80M +80.95% | -- -- | -- -- | -- -- | 6.70M +76.32% | -- -- | -- -- | -- -- | 12.70M +89.55% | -- -- | -- -- | -- -- | 20.20M +59.06% | -- -- |
Deferred Income Tax | -- -- | -- -- | -- -- | -- -- | -100.00K -- | -- -- | -- -- | -- -- | 6.20M +6300.00% | -- -- | -- -- | -- -- | 12.50M +101.61% | -- -- | -- -- | -- -- | 22.80M +82.40% | -- -- | -- -- | -- -- | 31.20M +36.84% | -- -- | -- -- | -- -- | 59.10M +89.42% | -- -- | -- -- | -- -- | 93.60M +58.38% | -- -- |
Net Income | 82.80M -- | 80.80M -- | 74.40M -10.14% | 87.40M -- | 75.10M -- | 129.00M +59.65% | 107.80M +44.89% | 115.80M +32.49% | 132.30M +76.17% | 159.60M +23.72% | 162.00M +50.28% | 131.10M +13.21% | 165.10M +24.79% | 159.60M -- | 151.80M -6.30% | 159.40M +21.59% | 149.80M -9.27% | 142.20M -10.90% | 147.90M -2.57% | 164.80M +3.39% | 152.80M +2.00% | 161.90M +13.85% | 160.30M +8.38% | 164.70M -0.06% | 172.10M +12.63% | 161.40M -0.31% | 179.70M +12.10% | 175.50M +6.56% | 168.00M -2.38% | 684.60M -- |
Net Income Attributable to Minority Interests | 17.40M -- | 77.20M -- | 74.10M +325.86% | 81.30M -- | 70.00M -- | 122.50M +58.68% | 102.50M +38.33% | 110.20M +35.55% | 125.70M +79.57% | 151.00M +23.27% | 151.00M +47.32% | 121.20M +9.98% | 148.20M +17.90% | 142.70M -5.50% | 129.80M -14.04% | 136.20M +12.38% | 128.00M -13.63% | 121.50M -14.86% | 122.80M -5.39% | 129.50M -4.92% | 115.30M -9.92% | 117.30M -3.46% | 110.80M -9.77% | 106.10M -18.07% | 101.70M -11.80% | 89.80M -23.44% | 89.40M -19.31% | 77.80M -26.67% | 74.70M -26.55% | 331.70M -- |
Net Income Attributable to Owners of the Company | 65.40M -- | 3.60M -- | 300.00K -99.54% | 6.10M -- | 5.10M -- | 6.50M +80.56% | 5.30M +1666.67% | 5.60M -8.20% | 6.60M +29.41% | 8.60M +32.31% | 11.00M +107.55% | 9.90M +76.79% | 16.90M +156.06% | 16.90M +96.51% | 22.00M +100.00% | 23.20M +134.34% | 21.80M +28.99% | 20.70M +22.49% | 25.10M +14.09% | 35.30M +52.16% | 37.50M +72.02% | 44.60M +115.46% | 49.50M +97.21% | 58.60M +66.01% | 70.40M +87.73% | 71.60M +60.54% | 90.30M +82.42% | 97.70M +66.72% | 93.30M +32.53% | 352.90M -- |
Other Adjustments | 2.00M -- | -13.70M -- | -15.50M -875.00% | -13.00M -- | -7.60M -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- |
Net Income Attributable to Common Stockholders | 63.40M -- | 17.30M -- | 15.80M -75.08% | 19.10M -- | 12.70M -- | 6.50M -62.43% | 5.30M -66.46% | 5.60M -70.68% | 6.60M -48.03% | 8.60M +32.31% | 11.00M +107.55% | 9.90M +76.79% | 16.90M +156.06% | 16.90M +96.51% | 22.00M +100.00% | 23.20M +134.34% | 21.80M +28.99% | 20.70M +22.49% | 25.10M +14.09% | 35.30M +52.16% | 37.50M +72.02% | 44.60M +115.46% | 49.50M +97.21% | 58.60M +66.01% | 70.40M +87.73% | 71.60M +60.54% | 90.30M +82.42% | 97.70M +66.72% | 93.30M +32.53% | 352.90M -- |
Other Comprehensive Income | -100.00K -- | -200.00K -- | -200.00K -100.00% | -200.00K -- | -200.00K -- | -200.00K -- | -200.00K -- | -- -- | 0 +100.00% | -- -- | -- -- | -- -- | 0 -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- |
Total Comprehensive Income | 82.70M -- | 80.60M -- | 74.20M -10.28% | 87.20M -- | 74.90M -- | 128.80M +59.80% | 107.60M +45.01% | 115.80M +32.80% | 132.30M +76.64% | -- -- | -- -- | -- -- | 0 -100.00% | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- |
Total Comprehensive Income Attributable to Minority Interests | 17.40M -- | 77.20M -- | 74.10M +325.86% | 81.30M -- | 70.00M -- | 122.30M +58.42% | 102.30M +38.06% | 110.20M +35.55% | 125.70M +79.57% | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- |
Total Comprehensive Income Attributable to Owners of the Company | 65.30M -- | 3.40M -- | 100.00K -99.85% | 5.90M -- | 4.90M -- | 6.50M +91.18% | 5.30M +5200.00% | 5.60M -5.08% | 6.60M +34.69% | -- -- | -- -- | -- -- | 617.80M +9260.61% | -- -- | -- -- | -- -- | 620.60M +0.45% | -- -- | -- -- | 164.80M -- | 152.80M -75.38% | 161.90M -- | 160.30M -- | -- -- | 659.00M +331.28% | 161.40M -0.31% | 179.70M +12.10% | -- -- | 684.60M +3.88% | -- -- |
Basic EPS | -- -- | -- -- | 0.29 -- | 0.33 -- | 0.04 -- | 0.37 -- | 0.29 -- | 0.31 -6.06% | 0.02 -50.00% | 0.45 +21.62% | 0.44 +51.72% | 0.39 +25.81% | 0.07 +250.00% | 0.5 +11.11% | 0.51 +15.91% | 0.53 +35.90% | 0.09 +28.57% | 0.47 -6.00% | 0.5 -1.96% | 0.57 +7.55% | 0.55 +511.11% | 0.6 +27.66% | 0.59 +18.00% | 0.63 +10.53% | 0.32 -41.82% | 0.65 +8.33% | 0.74 +25.42% | 0.75 +19.05% | 0.45 +40.63% | 2.59 -- |
Basic EPS from Continuing Operations | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 0.57 -- | -- -- | 0.6 -- | 0.59 -- | 0.63 +10.53% | -- -- | 0.65 +8.33% | 0.74 +25.42% | 0.75 +19.05% | -- -- | -- -- |
Diluted EPS | -- -- | -- -- | 0.29 -- | 0.33 -- | -- -- | 0.35 -- | 0.29 -- | 0.31 -6.06% | -- -- | 0.43 +22.86% | 0.44 +51.72% | 0.38 +22.58% | -- -- | 0.49 +13.95% | 0.5 +13.64% | 0.53 +39.47% | -- -- | 0.47 -4.08% | 0.5 -- | 0.57 +7.55% | 0.55 -- | 0.59 +25.53% | 0.59 +18.00% | 0.63 +10.53% | -- -- | 0.65 +10.17% | 0.74 +25.42% | 0.75 +19.05% | -- -- | -- -- |
Diluted EPS from Continuing Operations | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 0.57 -- | -- -- | 0.59 -- | 0.59 -- | 0.63 +10.53% | -- -- | 0.65 +10.17% | 0.74 +25.42% | 0.75 +19.05% | -- -- | -- -- |
You can ask Aime
What were the key takeaways from Hess Midstream’s earnings call?What were the key takeaways from Hess Midstream's earnings call?What is the revenue and EPS growth rate for Hess Midstream year over year?What does Hess Midstream do and what are its main business segments?What is Hess Midstream's gross profit margin?What factors drove the changes in Hess Midstream's revenue and profit?What is the market's earnings forecast for Hess Midstream next quarter?What is Hess Midstream's latest dividend and current dividend yield?
