Cash flow Hess Midstream LP

Stocks

HESM

US4281031058

Oil & Gas Transportation Services

Market Closed - NYSE Other stock markets 01:30:02 16/07/2026 am IST			5-day change	1st Jan Change
39.29 ^USD	-1.41%		+0.77%	+13.88%

10/06	Morgan Stanley Downgrades Hess Midstream to Underweight From Equal Weight, $38 Price Target	MT
10/06	Analyst recommendations: Nike, Pfizer, Hewlett Packard, Intel, The Trade Desk…

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Published financial data: HESS MIDSTREAM LP

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	120.38Cr	127.32Cr	134.61Cr	149.19Cr	161.72Cr
Other Revenues, Total	-	20L	25L	36L	41L
Total Revenues	120.38Cr	127.52Cr	134.86Cr	149.55Cr	162.13Cr
Cost of Goods Sold, Total	29Cr	28Cr	31Cr	35Cr	37Cr
Gross Profit	92Cr	100Cr	103.56Cr	114.82Cr	125.07Cr
Selling General & Admin Expenses, Total	2.27Cr	2.31Cr	2.62Cr	2.61Cr	2.85Cr
Depreciation & Amortization - (IS)	17Cr	18Cr	19Cr	20Cr	21Cr
Other Operating Expenses, Total	19Cr	20Cr	22Cr	23Cr	24Cr
Operating Income	73Cr	79Cr	82Cr	92Cr	100.81Cr
Interest Expense, Total	-11Cr	-15Cr	-18Cr	-20Cr	-23Cr
Net Interest Expenses	-11Cr	-15Cr	-18Cr	-20Cr	-23Cr
Income (Loss) On Equity Invest.	1.06Cr	53L	77L	1.4Cr	1.59Cr
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	63Cr	65Cr	65Cr	73Cr	80Cr
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	63Cr	65Cr	65Cr	73Cr	80Cr
Income Tax Expense	1.46Cr	2.66Cr	3.79Cr	7.18Cr	11Cr
Earnings From Continuing Operations	62Cr	62Cr	61Cr	66Cr	68Cr
Net Income to Company	62Cr	62Cr	61Cr	66Cr	68Cr
Minority Interest	-57Cr	-54Cr	-49Cr	-44Cr	-33Cr
Net Income - (IS)	4.64Cr	8.39Cr	12Cr	22Cr	35Cr
Net Income to Common Incl Extra Items	4.64Cr	8.39Cr	12Cr	22Cr	35Cr
Net Income to Common Excl. Extra Items	4.64Cr	8.39Cr	12Cr	22Cr	35Cr
Per Share Items
Net EPS - Basic	1.81	2.03	2.11	2.51	2.87
Basic EPS - Continuing Operations	1.81	2.03	2.11	2.51	2.87
Basic Weighted Average Shares Outstanding	2.56Cr	4.13Cr	5.62Cr	8.9Cr	12Cr
Net EPS - Diluted	1.76	2.01	2.08	2.49	2.86
Diluted EPS - Continuing Operations	1.76	2.01	2.08	2.49	2.86
Diluted Weighted Average Shares Outstanding	2.57Cr	4.14Cr	5.63Cr	8.9Cr	12Cr
Normalized Basic EPS	-6.88	-3.2	-1.52	0.23	1.36
Normalized Diluted EPS	-6.85	-3.19	-1.52	0.23	1.36
Dividend Per Share	1.98	2.24	2.44	2.71	2.97
Payout Ratio	106.47	108.46	107.5	105.47	99.23
Supplemental Items
EBITDA	89Cr	97Cr	100.94Cr	112.21Cr	122.22Cr
EBITA	73Cr	79Cr	82Cr	92Cr	100.81Cr
EBIT	73Cr	79Cr	82Cr	92Cr	100.81Cr
Total Revenues (As Reported)	120.38Cr	127.52Cr	134.86Cr	149.55Cr	162.13Cr
Effective Tax Rate - (Ratio)	2.31	4.11	5.87	9.82	14.25
Current Domestic Taxes	1L	1L	1L	2L	-
Total Current Taxes	1L	1L	1L	2L	-
Deferred Domestic Taxes	1.45Cr	2.65Cr	3.78Cr	7.16Cr	-
Total Deferred Taxes	1.45Cr	2.65Cr	3.78Cr	7.16Cr	-
Normalized Net Income	-18Cr	-13Cr	-8.56Cr	2.08Cr	17Cr
Interest Capitalized	-	-	-	-	-
Supplemental Operating Expense Items
General and Administrative Expenses	2.27Cr	2.31Cr	2.62Cr	2.61Cr	2.85Cr
Stock-Based Comp., G&A Exp. (Total)	14L	16L	17L	18L	-
Stock-Based Comp., Other (Total)	-	-	-	-	16L
Total Stock-Based Compensation	14L	16L	17L	18L	16L

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	22L	31L	54L	43L	19L
Total Cash And Short Term Investments	22L	31L	54L	43L	19L
Accounts Receivable, Total	12Cr	12Cr	12Cr	14Cr	15Cr
Other Receivables	-	-	-	-	-
Total Receivables	12Cr	12Cr	12Cr	14Cr	15Cr
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	1.06Cr	62L	70L	62L	69L
Total Current Assets	13Cr	13Cr	14Cr	15Cr	16Cr
Gross Property Plant And Equipment	434.14Cr	457.05Cr	481.87Cr	511.72Cr	537.46Cr
Accumulated Depreciation	-121.64Cr	-139.77Cr	-158.95Cr	-179.18Cr	-200.48Cr
Net Property Plant And Equipment	312.5Cr	317.28Cr	322.92Cr	332.54Cr	336.98Cr
Long-term Investments	10Cr	9.39Cr	9.02Cr	8.7Cr	8.15Cr
Deferred Tax Assets Long-Term	12Cr	18Cr	32Cr	58Cr	77Cr
Deferred Charges Long-Term	69L	95L	74L	53L	33L
Other Long-Term Assets, Total	17L	25L	15L	13L	8L
Total Assets	348.56Cr	358.82Cr	378.95Cr	415.1Cr	438.83Cr
Liabilities
Accounts Payable, Total	2.69Cr	3.5Cr	7.97Cr	8.94Cr	5.18Cr
Accrued Expenses, Total	5.99Cr	6.95Cr	7.45Cr	8.01Cr	8.7Cr
Current Portion of Long-Term Debt	2Cr	25L	1.25Cr	2.25Cr	3.25Cr
Current Portion of Leases	-	-	-	-	-
Other Current Liabilities	6.41Cr	5.25Cr	4.35Cr	2.73Cr	1.65Cr
Total Current Liabilities	17Cr	16Cr	21Cr	22Cr	19Cr
Long-Term Debt	254.35Cr	288.31Cr	319.89Cr	344.94Cr	373.95Cr
Long-Term Leases	-	-	-	-	-
Deferred Tax Liability Non Current	4L	5L	5L	5L	5L
Other Non Current Liabilities	1.77Cr	1.61Cr	1.67Cr	1.65Cr	2.26Cr
Total Liabilities	273.25Cr	305.92Cr	342.63Cr	368.57Cr	395.04Cr
Common Stock, Total	20Cr	25Cr	34Cr	53Cr	57Cr
Comprehensive Income and Other	-	-	-	-	-
Total Common Equity	20Cr	25Cr	34Cr	53Cr	57Cr
Minority Interest	55Cr	28Cr	2.3Cr	-6.54Cr	-13Cr
Total Equity	75Cr	53Cr	36Cr	47Cr	44Cr
Total Liabilities And Equity	348.56Cr	358.82Cr	378.95Cr	415.1Cr	438.83Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.37Cr	4.4Cr	7.99Cr	12Cr	13Cr
ECS Total Common Shares Outstanding	3.37Cr	4.4Cr	6.84Cr	10Cr	13Cr
Book Value / Share	6.06	5.57	4.98	5.1	4.39
Tangible Book Value	20Cr	25Cr	34Cr	53Cr	57Cr
Tangible Book Value Per Share	6.06	5.57	4.98	5.1	4.39
Total Debt	256.35Cr	288.56Cr	321.14Cr	347.19Cr	377.2Cr
Net Debt	256.13Cr	288.25Cr	320.6Cr	346.76Cr	377.01Cr
Minority Interest, Total (Incl. Fin. Div)	55Cr	28Cr	2.3Cr	-6.54Cr	-13Cr
Equity Method Investments, Total	10Cr	9.39Cr	9.02Cr	8.7Cr	8.15Cr
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	18Cr	18Cr	18Cr	18Cr	18Cr
Machinery, Total	123.73Cr	135.13Cr	145.46Cr	153.73Cr	163.58Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	4.64Cr	8.39Cr	12Cr	22Cr	35Cr
Depreciation & Amortization - CF	17Cr	18Cr	19Cr	20Cr	21Cr
Depreciation & Amortization, Total	17Cr	18Cr	19Cr	20Cr	21Cr
Amortization of Deferred Charges, Total - (CF)	73L	88L	84L	96L	1.41Cr
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	68L	77L	37L	32L	55L
Stock-Based Compensation (CF)	14L	16L	17L	18L	16L
Other Operating Activities, Total	59Cr	56Cr	53Cr	51Cr	45Cr
Change In Accounts Receivable	-2.7Cr	-26L	-10L	-1.44Cr	-1.11Cr
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	66L	23L	1.36Cr	1.15Cr	-4.04Cr
Change in Other Net Operating Assets	24L	1.48Cr	19L	-51L	17L
Cash from Operations	80Cr	86Cr	87Cr	94Cr	98Cr
Capital Expenditure	-16Cr	-24Cr	-22Cr	-31Cr	-26Cr
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Cash from Investing	-16Cr	-24Cr	-22Cr	-31Cr	-26Cr
Short Term Debt Issued, Total	-	-	32Cr	-	32Cr
Long-Term Debt Issued, Total	75Cr	42Cr	-	60Cr	80Cr
Total Debt Issued	75Cr	42Cr	32Cr	60Cr	112.3Cr
Short Term Debt Repaid, Total	-8Cr	-8.6Cr	-	-32Cr	-
Long-Term Debt Repaid, Total	-1Cr	-1Cr	-25L	-1.25Cr	-82Cr
Total Debt Repaid	-9Cr	-9.6Cr	-25L	-34Cr	-82Cr
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-75Cr	-40Cr	-40Cr	-30Cr	-40Cr
Common Dividends Paid	-4.94Cr	-9.1Cr	-13Cr	-24Cr	-35Cr
Common & Preferred Stock Dividends Paid	-4.94Cr	-9.1Cr	-13Cr	-24Cr	-35Cr
Other Financing Activities, Total	-49Cr	-46Cr	-43Cr	-36Cr	-28Cr
Cash from Financing	-63Cr	-62Cr	-64Cr	-64Cr	-73Cr
Net Change in Cash	-4L	9L	23L	-11L	-24L
Supplemental Items
Cash Interest Paid	8.45Cr	14Cr	17Cr	19Cr	21Cr
Levered Free Cash Flow	40Cr	36Cr	42Cr	34Cr	41Cr
Unlevered Free Cash Flow	46Cr	45Cr	52Cr	46Cr	54Cr
Change In Net Working Capital	-38L	-78L	-3.85Cr	1.46Cr	5.35Cr
Net Debt Issued / Repaid	66Cr	32Cr	32Cr	26Cr	30Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	13.25	13.98	13.84	14.47	14.76
Return on Total Capital	13.87	14.69	14.61	15.29	15.47
Return On Equity %	59.43	96.81	136.22	159.08	151.59
Return on Common Equity	28.2	37.36	40.53	51.23	64.22
Margin Analysis
Gross Profit Margin %	76.05	78.07	76.79	76.78	77.14
SG&A Margin	1.89	1.81	1.94	1.75	1.76
EBITDA Margin %	74.17	76.26	74.85	75.03	75.38
EBITA Margin %	60.41	62.05	60.57	61.45	62.18
EBIT Margin %	60.41	62.05	60.57	61.45	62.18
Income From Continuing Operations Margin %	51.32	48.67	45.06	44.07	42.23
Net Income Margin %	3.85	6.58	8.79	14.92	21.77
Net Avail. For Common Margin %	3.85	6.58	8.79	14.92	21.77
Normalized Net Income Margin	-14.63	-10.37	-6.35	1.39	10.32
Levered Free Cash Flow Margin	33.52	28.43	30.87	22.86	25.27
Unlevered Free Cash Flow Margin	38.39	35.05	38.54	30.66	33.1
Asset Turnover
Asset Turnover	0.35	0.36	0.37	0.38	0.38
Fixed Assets Turnover	0.39	0.4	0.42	0.46	0.48
Receivables Turnover (Average Receivables)	11.28	10.47	10.88	11.33	11.19
Short Term Liquidity
Current Ratio	0.78	0.83	0.65	0.68	0.85
Quick Ratio	0.72	0.79	0.62	0.65	0.81
Operating Cash Flow to Current Liabilities	4.65	5.4	4.12	4.29	5.24
Days Sales Outstanding (Average Receivables)	32.37	34.87	33.54	32.3	32.62
Average Days Payable Outstanding	36.02	40.4	83.03	89.1	69.53
Long Term Solvency
Total Debt/Equity	340.39	545.48	884.2	746.16	861.38
Total Debt / Total Capital	77.29	84.51	89.84	88.18	89.6
LT Debt/Equity	337.74	545.01	880.75	741.33	853.96
Long-Term Debt / Total Capital	76.69	84.43	89.49	87.61	88.83
Total Liabilities / Total Assets	78.39	85.26	90.42	88.79	90.02
EBIT / Interest Expense	6.9	5.3	4.56	4.55	4.47
EBITDA / Interest Expense	8.47	6.51	5.64	5.55	5.42
(EBITDA - Capex) / Interest Expense	6.92	4.92	4.39	4.04	4.28
Total Debt / EBITDA	2.87	2.97	3.18	3.09	3.09
Net Debt / EBITDA	2.87	2.96	3.18	3.09	3.08
Total Debt / (EBITDA - Capex)	3.51	3.93	4.09	4.25	3.9
Net Debt / (EBITDA - Capex)	3.51	3.93	4.08	4.25	3.9
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	10.25	5.93	5.76	10.89	8.41
Gross Profit, 1 Yr. Growth %	21.34	8.75	4.02	10.87	8.93
EBITDA, 1 Yr. Growth %	21.73	8.93	3.79	11.16	8.92
EBITA, 1 Yr. Growth %	26.14	8.8	3.25	12.5	9.7
EBIT, 1 Yr. Growth %	26.14	8.8	3.25	12.5	9.7
Earnings From Cont. Operations, 1 Yr. Growth %	27.41	0.45	-2.08	8.44	3.88
Net Income, 1 Yr. Growth %	93.33	80.82	41.36	88.11	58.18
Normalized Net Income, 1 Yr. Growth %	14.88	-24.95	-35.25	-124.36	702.4
Diluted EPS Before Extra, 1 Yr. Growth %	34.35	14.2	3.48	19.71	14.86
Accounts Receivable, 1 Yr. Growth %	29.08	2.24	1.14	11.66	8.14
Net Property, Plant and Equip., 1 Yr. Growth %	0.44	1.53	1.78	2.98	1.34
Total Assets, 1 Yr. Growth %	3.29	2.94	5.61	9.54	5.72
Tangible Book Value, 1 Yr. Growth %	63.28	20.09	38.8	56	7.08
Common Equity, 1 Yr. Growth %	63.28	20.09	38.8	56	7.08
Cash From Operations, 1 Yr. Growth %	23.97	8.25	0.62	8.53	4.63
Capital Expenditures, 1 Yr. Growth %	-45.8	45.96	-6.17	36.96	-16.5
Levered Free Cash Flow, 1 Yr. Growth %	313.34	-10.17	14.84	-17.89	19.88
Unlevered Free Cash Flow, 1 Yr. Growth %	207.43	-3.27	16.28	-11.77	17.03
Dividend Per Share, 1 Yr. Growth %	12.97	12.78	8.97	10.96	9.63
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	19.12	8.07	5.84	8.29	9.65
Gross Profit, 2 Yr. CAGR %	26.57	14.87	6.36	7.39	9.9
EBITDA, 2 Yr. CAGR %	27.96	15.15	6.33	7.42	10.04
EBITA, 2 Yr. CAGR %	34.36	17.15	5.99	7.77	11.09
EBIT, 2 Yr. CAGR %	34.36	17.15	5.99	7.77	11.09
Earnings From Cont. Operations, 2 Yr. CAGR %	28.75	13.13	-0.82	3.05	6.14
Net Income, 2 Yr. CAGR %	-16.59	86.97	59.88	63.07	72.5
Normalized Net Income, 2 Yr. CAGR %	39.03	-7.15	-30.29	-60.29	39.8
Diluted EPS Before Extra, 2 Yr. CAGR %	-31.08	23.87	8.71	11.3	17.26
Accounts Receivable, 2 Yr. CAGR %	17.19	14.88	1.69	6.27	9.88
Net Property, Plant and Equip., 2 Yr. CAGR %	1.89	0.98	1.65	2.38	2.15
Total Assets, 2 Yr. CAGR %	3.12	3.12	4.27	7.56	7.61
Tangible Book Value, 2 Yr. CAGR %	24.58	40.03	29.11	47.15	29.25
Common Equity, 2 Yr. CAGR %	24.58	40.03	29.11	47.15	29.25
Cash From Operations, 2 Yr. CAGR %	30	15.84	4.36	4.5	6.56
Capital Expenditures, 2 Yr. CAGR %	-35.77	-11.06	17.02	13.36	6.94
Levered Free Cash Flow, 2 Yr. CAGR %	723.52	92.69	1.57	-2.9	-0.79
Unlevered Free Cash Flow, 2 Yr. CAGR %	306.61	72.45	6.06	1.29	1.61
Dividend Per Share, 2 Yr. CAGR %	115.85	12.87	10.86	9.96	10.29
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	19.09	14.55	7.29	7.5	8.33
Gross Profit, 3 Yr. CAGR %	20.81	20.33	11.13	7.84	7.9
EBITDA, 3 Yr. CAGR %	20.91	21.27	11.23	7.92	7.92
EBITA, 3 Yr. CAGR %	24.35	25.24	12.32	8.12	8.41
EBIT, 3 Yr. CAGR %	24.35	25.24	12.32	8.12	8.41
Earnings From Cont. Operations, 3 Yr. CAGR %	18.39	18.53	7.82	2.18	3.33
Net Income, 3 Yr. CAGR %	-12.43	7.95	70.33	68.78	61.42
Normalized Net Income, 3 Yr. CAGR %	20.72	13.2	-17.66	-50.9	8.17
Diluted EPS Before Extra, 3 Yr. CAGR %	11.69	-18.45	16.66	12.26	12.48
Accounts Receivable, 3 Yr. CAGR %	21.36	11.98	10.1	4.91	6.89
Net Property, Plant and Equip., 3 Yr. CAGR %	4.54	1.77	1.25	2.09	2.03
Total Assets, 3 Yr. CAGR %	5.23	3.06	3.94	6	6.94
Tangible Book Value, 3 Yr. CAGR %	-15.05	23.07	39.62	37.51	32.36
Common Equity, 3 Yr. CAGR %	-15.05	23.07	39.62	37.51	32.36
Cash From Operations, 3 Yr. CAGR %	19.44	22.3	10.53	5.73	4.54
Capital Expenditures, 3 Yr. CAGR %	-12.29	-15.56	-9.46	23.32	2.38
Levered Free Cash Flow, 3 Yr. CAGR %	42.5	293.48	62.16	-5.38	4.17
Unlevered Free Cash Flow, 3 Yr. CAGR %	40.17	151.95	51.22	-0.25	6.28
Dividend Per Share, 3 Yr. CAGR %	12.16	73.85	11.56	10.89	9.85
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	18.75	17.09	13.6	12.01	8.23
Gross Profit, 5 Yr. CAGR %	23.68	20.4	14.81	14.97	10.64
EBITDA, 5 Yr. CAGR %	23.88	20.7	14.85	15.53	10.75
EBITA, 5 Yr. CAGR %	28.66	24.63	16.65	17.94	11.83
EBIT, 5 Yr. CAGR %	28.66	24.63	16.65	17.94	11.83
Earnings From Cont. Operations, 5 Yr. CAGR %	24.7	23.43	10.3	12.07	7.14
Net Income, 5 Yr. CAGR %	-25.7	15.74	11.41	27.31	71.19
Normalized Net Income, 5 Yr. CAGR %	6.58	36.51	-3.09	-25.55	1.76
Diluted EPS Before Extra, 5 Yr. CAGR %	-	21.76	10.49	-7.64	16.9
Accounts Receivable, 5 Yr. CAGR %	21.95	16.02	13.07	9.66	10.01
Net Property, Plant and Equip., 5 Yr. CAGR %	4.41	4.71	3.38	2.01	1.61
Total Assets, 5 Yr. CAGR %	6.25	6.37	4.84	4.84	5.39
Tangible Book Value, 5 Yr. CAGR %	-38.06	-13.5	0.43	32.19	35.37
Common Equity, 5 Yr. CAGR %	-38.06	-13.5	0.43	32.19	35.37
Cash From Operations, 5 Yr. CAGR %	15.48	20.67	13.16	14.84	8.92
Capital Expenditures, 5 Yr. CAGR %	-9.14	10.56	-1.57	-5	-3.22
Levered Free Cash Flow, 5 Yr. CAGR %	50.38	19.33	24.45	124.83	33.23
Unlevered Free Cash Flow, 5 Yr. CAGR %	54.65	26.6	25.38	74.99	28.99
Dividend Per Share, 5 Yr. CAGR %	-	19.9	11.64	44.74	11.05