Financials

SEC Filings

Quarterly Income Statement (USD)

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Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	1.61B	399.00M	388.70M	403.10M	419.60M	413.50M	381.00M	395.00M	377.60M
Cost of Goods Sold	309.60M	140.30M	58.50M	54.20M	56.60M	51.80M	51.50M	51.30M	51.50M
Gross Profit	1.30B	258.70M	330.20M	348.90M	363.00M	361.70M	329.50M	343.70M	326.10M
Gross Profit Margin	80.8%	64.8%	84.9%	86.6%	86.5%	87.5%	86.5%	87.0%	86.4%
Total Operating Expenses	299.00M	5.50M	92.10M	97.30M	104.10M	101.50M	92.10M	100.70M	94.40M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	26.30M	5.50M	7.90M	5.60M	7.30M	8.10M	7.50M	8.90M	6.30M
Operating Income (EBIT)	1.00B	253.20M	238.10M	251.60M	258.90M	260.20M	237.40M	243.00M	231.70M
Operating Margin	62.2%	63.5%	61.3%	62.4%	61.7%	62.9%	62.3%	61.5%	61.4%
Income Before Tax (EBT)	795.90M	204.80M	185.90M	198.20M	207.00M	208.80M	184.40M	194.70M	183.60M
Interest Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	223.70M	54.50M	55.40M	56.70M	57.10M	55.40M	56.40M	52.20M	51.80M
Other Income/Expense	-205.90M	-48.40M	-52.20M	-53.40M	-51.90M	-51.40M	-53.00M	-48.30M	-48.10M
Net Income	375.00M	96.40M	87.60M	93.30M	97.70M	90.30M	71.60M	70.40M	58.60M
Income Tax Expense	121.00M	31.10M	28.20M	30.20M	31.50M	29.10M	23.00M	22.60M	18.90M
Net Profit Margin	23.3%	24.2%	22.5%	23.1%	23.3%	21.8%	18.8%	17.8%	15.5%
EBITDA	1.23B	307.60M	296.60M	305.80M	315.50M	312.00M	288.90M	294.30M	283.20M
EBITDA Margin	76.1%	77.1%	76.3%	75.9%	75.2%	75.5%	75.8%	74.5%	75.0%
Depreciation & Amortization	223.70M	54.40M	58.50M	54.20M	56.60M	51.80M	51.50M	51.30M	51.50M
EPS Basic	2.90	0.75	0.68	0.72	0.75	0.74	0.65	0.68	0.63
EPS Diluted	2.90	0.75	0.68	0.72	0.75	0.74	0.65	0.68	0.63
Weighted Average Basic Shares	128.40M	128.40M	129.20M	129.40M	130.30M	121.80M	110.70M	104.10M	93.00M
Weighted Average Diluted Shares	128.40M	128.40M	129.20M	129.40M	130.30M	121.80M	110.80M	104.10M	93.00M

Annual Income Statement (USD)

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Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	1.62B	1.49B	1.35B	1.27B	1.20B	1.09B	847.60M	712.00M
Cost of Goods Sold	214.10M	203.10M	192.50M	181.30M	165.60M	156.90M	142.50M	126.90M
Gross Profit	1.40B	1.29B	1.15B	1.09B	1.04B	934.70M	705.10M	585.10M
Gross Profit Margin	86.8%	86.4%	85.7%	85.8%	86.2%	85.6%	83.2%	82.2%
Total Operating Expenses	395.00M	369.80M	336.70M	300.70M	311.00M	358.20M	328.50M	206.90M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	28.50M	26.10M	26.20M	23.10M	22.70M	21.10M	52.40M	14.10M
Operating Income (EBIT)	1.01B	919.00M	816.90M	791.20M	727.20M	576.50M	376.60M	378.20M
Operating Margin	62.3%	61.6%	60.7%	62.1%	60.4%	52.8%	44.4%	53.1%
Income Before Tax (EBT)	798.40M	730.80M	645.60M	647.20M	632.40M	492.00M	317.60M	325.50M
Interest Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	225.60M	202.20M	179.00M	149.30M	105.40M	94.70M	62.40M	53.30M
Other Income/Expense	-209.70M	-188.20M	-171.30M	-144.00M	-94.80M	-84.50M	-59.00M	-52.70M
Net Income	352.90M	223.10M	118.60M	83.90M	46.40M	24.00M	70.10M	69.10M
Income Tax Expense	113.80M	71.80M	37.90M	26.60M	14.60M	7.10M	-100K	0.00
Net Profit Margin	21.8%	15.0%	8.8%	6.6%	3.9%	2.2%	8.3%	9.7%
EBITDA	1.22B	1.12B	1.01B	972.50M	892.80M	733.40M	519.10M	505.10M
EBITDA Margin	75.6%	75.2%	75.0%	76.4%	74.2%	67.2%	61.2%	70.9%
Depreciation & Amortization	214.10M	203.10M	192.50M	181.30M	165.60M	156.90M	142.50M	126.90M
EPS Basic	2.87	2.51	2.11	2.03	1.76	1.33	1.22	1.27
EPS Diluted	2.86	2.49	2.08	2.01	1.76	1.31	1.22	1.27
Weighted Average Basic Shares	123.10M	89.00M	56.20M	41.30M	25.70M	18.00M	54.60M	54.60M
Weighted Average Diluted Shares	123.10M	89.00M	56.30M	41.40M	25.70M	18.10M	54.80M	54.70M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Hess Midstream LP

Hess Midstream LP specializes in the ownership, development, operation, and acquisition of energy infrastructure assets positioned midstream in the value chain. The company organizes its business activities into three distinct operational segments: Gathering, Processing and Storage, and Terminaling and Export. The Gathering segment manages systems for the collection and compression of natural gas, the transportation of crude oil, and the disposal of produced water. This extensive network comprises approximately 1,350 miles of pipelines designed for both high and low-pressure natural gas and natural gas liquids, with a daily capacity of about 450 million cubic feet. Additionally, it features around 550 miles of crude oil gathering pipelines. Within the Processing and Storage segment, key assets include the Tioga Gas Plant, located in Tioga, North Dakota, which performs natural gas processing and fractionation. The company also holds a 50% ownership interest in the Little Missouri 4 gas processing plant, situated in McKenzie County, North Dakota, south of the Missouri River. Furthermore, this segment oversees the Mentor Storage Terminal in Mentor, Minnesota, a facility encompassing a propane storage cavern and capabilities for rail and truck loading and unloading. The Terminaling and Export division encompasses the Ramberg terminal facility, the Tioga rail terminal, and a fleet of crude oil rail cars. It also operates the Johnson's Corner Header System, which is a network of crude oil pipelines. Hess Midstream LP was founded in 2014 and maintains its principal offices in Houston, Texas.

Houston, TX

195 employees

www.hessmidstream.com

Energy / Oil & Gas Midstream

Sector: Energy
Industry: Oil & Gas Midstream
CEO: Jonathan C. Stein

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