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Hess Midstream (HESM) is a Energy company. Latest news and coverage below.
| FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | $579.5M | $712.7M | $848.3M | $1.09B | $1.20B | $1.28B | $1.35B | $1.50B | $1.62B |
| Growth (year over year) | — | +23.0% | +19.0% | +28.7% | +10.2% | +5.9% | +5.8% | +10.9% | +8.4% |
| Operating income | $263.1M | $378.2M | $376.6M | $576.5M | $727.2M | $791.2M | $816.9M | $919.0M | $1.01B |
| Operating margin | 45.4% | 53.1% | 44.4% | 52.8% | 60.4% | 62.0% | 60.6% | 61.5% | 62.2% |
| Net income | $41.2M | $70.8M | $70.1M | $24.0M | $46.4M | $83.9M | $118.6M | $223.1M | $352.9M |
| Net margin | 7.1% | 9.9% | 8.3% | 2.2% | 3.9% | 6.6% | 8.8% | 14.9% | 21.8% |
| Balance sheet | |||||||||
| Cash and equivalents | — | $109.3M | $3.30M | $2.60M | $2.20M | $3.10M | $5.40M | $4.30M | $1.90M |
| Total assets | — | $2.99B | $3.28B | $3.37B | $3.49B | $3.59B | $3.79B | $4.15B | $4.39B |
| Total liabilities | — | $1.12B | $1.95B | $2.05B | $2.73B | $3.06B | $3.43B | $3.69B | $3.95B |
| Long-term debt | — | $969.8M | $1.75B | $1.90B | $2.54B | $2.88B | $3.20B | $3.45B | $3.74B |
| Cash flow | |||||||||
| Operating cash flow | $336.5M | $466.9M | $470.7M | $641.7M | $795.5M | $861.1M | $866.4M | $940.3M | $983.8M |
| Capital expenditure | $144.2M | $241.9M | $306.4M | $301.1M | $163.2M | $238.2M | $223.5M | $306.1M | $255.6M |
| Free cash flow | $192.3M | $225.0M | $164.3M | $340.6M | $632.3M | $622.9M | $642.9M | $634.2M | $728.2M |
| Share buybacks | — | — | — | — | $750.0M | $400.0M | $400.0M | $300.0M | $400.0M |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $378.5M | $395.9M | $382.0M | $414.2M | $420.9M | $404.2M | $390.1M | $399.0M |
| Growth (year over year) | +4.2% | +11.1% | +7.4% | +13.3% | +11.2% | +2.1% | +2.1% | −3.7% |
| Operating income | $231.7M | $243.0M | $237.4M | $260.2M | $258.9M | $251.6M | $238.1M | $253.2M |
| Operating margin | 61.2% | 61.4% | 62.1% | 62.8% | 61.5% | 62.2% | 61.0% | 63.5% |
| Net income | $58.6M | $70.4M | $71.6M | $90.3M | $97.7M | $93.3M | $87.6M | $96.4M |
| Net margin | 15.5% | 17.8% | 18.7% | 21.8% | 23.2% | 23.1% | 22.5% | 24.2% |
| Balance sheet | ||||||||
| Cash and equivalents | $10.3M | $4.30M | $6.10M | $4.50M | $5.50M | $1.90M | $4.60M | $5.00M |
| Total assets | $4.15B | $4.15B | $4.26B | $4.42B | $4.44B | $4.39B | $4.32B | $4.26B |
| Total liabilities | $3.71B | $3.69B | $3.75B | $3.92B | $4.01B | $3.95B | $3.94B | $3.87B |
| Long-term debt | $3.47B | $3.45B | $3.55B | $3.69B | $3.76B | $3.74B | $3.74B | $3.64B |
| Cash flow | ||||||||
| Operating cash flow | $224.9M | $258.5M | $202.4M | $276.9M | $258.9M | $245.6M | $253.3M | $278.6M |
| Capital expenditure | $92.3M | $95.1M | $45.5M | $63.4M | $80.0M | $66.7M | $28.8M | $23.1M |
| Free cash flow | $132.6M | $163.4M | $156.9M | $213.5M | $178.9M | $178.9M | $224.5M | $255.5M |
| Share buybacks | $100.0M | $0 | $100.0M | $200.0M | $100.0M | $0 | $60.0M | $0 |
From Hess Midstream's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
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