Hess Midstream (HESM) Financials

$37.12 -1.39 (-3.61%)

As of 03:59 PM Eastern

Annual Income Statements for Hess Midstream

This table shows Hess Midstream's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	41	71	70	24	46	84	119	223
Consolidated Net Income / (Loss)	242	326	318	485	618	621	608	659
Net Income / (Loss) Continuing Operations	242	326	318	485	618	621	608	659
Total Pre-Tax Income	242	326	318	492	632	647	646	731
Total Operating Income	263	378	377	577	727	791	817	919
Total Gross Profit	580	713	848	1,092	1,204	1,275	1,349	1,496
Total Revenue	580	713	848	1,092	1,204	1,275	1,349	1,496
Operating Revenue	580	713	848	1,092	1,204	1,275	1,349	1,496
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	316	335	472	515	477	484	532	577
Selling, General & Admin Expense	200	208	329	359	311	303	339	373
Depreciation Expense	117	127	143	157	166	181	193	203
Total Other Income / (Expense), net	-21	-53	-59	-84	-95	-144	-171	-188
Interest & Investment Income	-26	-53	-59	-84	-95	-144	-171	-188
Other Income / (Expense), net	4.70	0.60	0.00	0.10	0.00	0.00	0.00	0.00
Income Tax Expense	0.00	0.00	-0.10	7.30	15	27	38	72
Net Income / (Loss) Attributable to Noncontrolling Interest	175	302	303	461	571	537	489	436
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	25	-47	-55	0.00	0.00	0.00	0.00	0.00
Basic Earnings per Share	$0.00	$0.00	$1.21	$1.33	$1.81	$2.03	$2.11	$2.51
Weighted Average Basic Shares Outstanding	0.00	0.00	18M	18M	25.60M	41.30M	56.20M	89M
Diluted Earnings per Share	$0.00	$0.00	$1.20	$1.31	$1.76	$2.01	$2.08	$2.49
Weighted Average Diluted Shares Outstanding	53.80M	54.70M	72.80M	18.10M	25.70M	41.40M	56.30M	89M
Weighted Average Basic & Diluted Shares Outstanding	53.80M	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Dividends to Common per Share	$0.58	$1.36	-	$1.73	$1.91	$2.18	$2.37	$2.64

This table shows Hess Midstream's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	23	22	21	25	35	38	45	50	59	70
Consolidated Net Income / (Loss)	159	150	142	148	165	153	162	160	165	172
Net Income / (Loss) Continuing Operations	159	150	142	148	165	153	162	160	165	172
Total Pre-Tax Income	167	157	149	156	176	165	176	176	184	195
Total Operating Income	204	196	189	198	220	210	222	222	232	243
Total Gross Profit	335	315	305	324	363	357	356	366	379	396
Total Revenue	335	315	305	324	363	357	356	366	379	396
Operating Revenue	335	315	305	324	363	357	356	366	379	396
Total Operating Expenses	131	119	116	126	143	146	134	143	147	153
Selling, General & Admin Expense	85	72	69	79	95	96	84	93	95	102
Depreciation Expense	46	46	47	47	48	50	50	51	52	51
Total Other Income / (Expense), net	-37	-40	-40	-42	-44	-45	-46	-46	-48	-48
Interest & Investment Income	-37	-40	-40	-42	-44	-45	-46	-46	-48	-48
Income Tax Expense	7.50	7.00	6.50	8.10	11	12	14	16	19	23
Net Income / (Loss) Attributable to Noncontrolling Interest	136	128	122	123	130	115	117	111	106	102
Basic Earnings per Share	$0.53	$0.49	$0.47	$0.50	$0.57	$0.57	$0.60	$0.59	$0.63	$0.69
Weighted Average Basic Shares Outstanding	44M	41.30M	44M	50.10M	62.50M	56.20M	75.10M	83.80M	93M	89M
Diluted Earnings per Share	$0.53	$0.49	$0.47	$0.50	$0.57	$0.54	$0.59	$0.59	$0.63	$0.68
Weighted Average Diluted Shares Outstanding	44.10M	41.40M	44.10M	50.20M	62.50M	56.30M	75.20M	83.80M	93M	89M
Weighted Average Basic & Diluted Shares Outstanding	44.00M	0.00	44.09M	56.86M	68.36M	0.00	79.92M	91.42M	104.07M	0.00

This table details how cash moves in and out of Hess Midstream's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	354	-246	-106	-0.70	-0.40	0.90	2.30	-1.10
Net Cash From Operating Activities	337	467	471	642	796	861	866	940
Net Cash From Continuing Operating Activities	337	467	471	642	796	861	866	940
Net Income / (Loss) Continuing Operations	242	326	318	485	618	621	608	659
Consolidated Net Income / (Loss)	242	326	318	485	618	621	608	659
Depreciation Expense	117	127	143	157	166	181	193	203
Amortization Expense	3.80	5.00	5.10	6.50	7.30	8.80	8.40	9.60
Non-Cash Adjustments To Reconcile Net Income	-6.20	-0.10	-6.80	0.40	8.20	9.30	5.40	5.00
Changes in Operating Assets and Liabilities, net	-20	9.60	12	-7.00	-3.40	41	52	64
Net Cash From Investing Activities	-131	-308	-498	-301	-163	-238	-224	-306
Net Cash From Continuing Investing Activities	-131	-308	-498	-301	-163	-238	-224	-306
Purchase of Property, Plant & Equipment	-144	-242	-306	-301	-163	-238	-224	-306
Acquisitions	0.00	-67	-191	0.00	0.00	0.00	0.00	0.00
Sale of Property, Plant & Equipment	13	1.60	0.00	0.10	0.00	0.00	0.00	0.00
Net Cash From Financing Activities	149	-406	-79	-341	-633	-622	-641	-635
Net Cash From Continuing Financing Activities	149	-406	-79	-341	-633	-622	-641	-635
Repayment of Debt	-561	-3.50	-28	-1.30	-22	-23	-2.50	-22
Repurchase of Common Equity	-2.10	-	0.00	0.00	-750	-400	-400	-300
Payment of Dividends	-100	-396	-85	-494	-529	-531	-557	-586
Issuance of Debt	800	0.00	792	152	670	334	322	275
Other Financing Activities, net	-354	-6.10	-758	1.60	-2.10	-1.50	-3.10	-2.20

This table details how cash moves in and out of Hess Midstream's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	0.20	0.50	0.50	-0.60	0.30	2.10	-1.20	95	-89	-6.00
Net Cash From Operating Activities	235	223	199	205	216	248	185	272	225	259
Net Cash From Continuing Operating Activities	235	223	199	205	216	248	185	272	225	259
Net Income / (Loss) Continuing Operations	159	150	142	148	165	153	162	160	165	172
Consolidated Net Income / (Loss)	159	150	142	148	165	153	162	160	165	172
Depreciation Expense	46	46	47	47	48	50	50	51	52	51
Amortization Expense	2.40	2.20	2.10	2.10	2.10	2.10	2.10	2.30	2.60	2.60
Non-Cash Adjustments To Reconcile Net Income	-1.00	4.70	1.60	-0.30	1.30	2.80	0.40	1.20	-0.40	3.80
Changes in Operating Assets and Liabilities, net	28	20	5.40	7.90	-0.40	40	-29	57	6.50	29
Net Cash From Investing Activities	-66	-62	-64	-43	-53	-64	-55	-64	-92	-95
Net Cash From Continuing Investing Activities	-66	-62	-64	-43	-53	-64	-55	-64	-92	-95
Purchase of Property, Plant & Equipment	-66	-62	-64	-43	-53	-64	-55	-64	-92	-95
Net Cash From Financing Activities	-169	-161	-134	-162	-163	-182	-132	-112	-222	-169
Net Cash From Continuing Financing Activities	-169	-161	-134	-162	-163	-182	-132	-112	-222	-169
Repayment of Debt	-7.10	-0.30	0.00	-	-	-2.50	-2.50	-11	-3.10	-5.00
Payment of Dividends	-133	-135	-137	-138	-140	-142	-144	-146	-148	-149
Issuance of Debt	-28	-25	103	77	78	64	115	145	30	-15
Other Financing Activities, net	-0.10	-0.20	-0.20	-0.90	-0.40	-1.60	-0.60	-0.20	-1.30	-0.10

This table presents Hess Midstream's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024
Total Assets	2,991	3,278	3,375	3,486	3,588	3,790	4,151
Total Current Assets	180	96	101	133	132	137	149
Cash & Equivalents	109	3.30	2.60	2.20	3.10	5.40	4.30
Accounts Receivable	68	88	93	120	123	124	139
Other Current Assets	3.30	4.70	5.60	11	6.20	7.00	6.20
Plant, Property, & Equipment, net	2,735	3,010	3,111	3,125	3,173	3,229	3,325
Total Noncurrent Assets	76	172	162	228	283	424	676
Long-Term Investments	67	108	108	102	94	90	87
Noncurrent Deferred & Refundable Income Taxes	0.00	50	43	117	177	324	583
Other Noncurrent Operating Assets	8.20	14	11	8.60	12	8.90	6.60
Total Liabilities & Shareholders' Equity	2,991	3,278	3,375	3,486	3,588	3,790	4,151
Total Liabilities	1,115	1,946	2,049	2,733	3,059	3,426	3,686
Total Current Liabilities	138	176	125	171	160	210	219
Short-Term Debt	11	0.00	10	20	2.50	13	23
Accounts Payable	34	79	51	65	63	80	89
Accrued Expenses	86	89	54	76	83	106	94
Other Current Liabilities	6.80	8.90	9.90	10	11	12	14
Total Noncurrent Liabilities	977	1,770	1,924	2,562	2,900	3,216	3,466
Long-Term Debt	970	1,754	1,900	2,544	2,883	3,199	3,449
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	0.00	0.40	0.50	0.50	0.50
Other Noncurrent Operating Liabilities	7.20	16	23	18	16	17	17
Total Equity & Noncontrolling Interests	1,876	1,332	1,326	753	529	363	465
Total Preferred & Common Equity	-318	132	125	204	245	340	531
Total Common Equity	-318	132	125	204	245	340	531
Common Stock	517	131	125	204	245	340	531
Noncontrolling Interest	2,194	1,201	1,201	549	284	23	-65

This table presents Hess Midstream's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	3,602	3,579	3,660	3,776	3,863	4,050	4,147
Total Current Assets	147	117	114	138	139	214	154
Cash & Equivalents	2.60	3.60	3.00	3.30	4.20	100	10
Accounts Receivable	131	109	110	122	131	113	131
Other Current Assets	14	3.80	0.80	12	4.50	1.50	13
Plant, Property, & Equipment, net	3,160	3,183	3,188	3,208	3,215	3,237	3,292
Total Noncurrent Assets	295	279	357	430	509	599	701
Long-Term Investments	98	93	93	91	89	89	89
Noncurrent Deferred & Refundable Income Taxes	184	175	254	329	411	502	605
Other Noncurrent Operating Assets	13	11	11	9.60	8.60	7.90	7.20
Total Liabilities & Shareholders' Equity	3,602	3,579	3,660	3,776	3,863	4,050	4,147
Total Liabilities	3,088	3,140	3,225	3,330	3,481	3,648	3,705
Total Current Liabilities	158	139	149	174	157	192	221
Short-Term Debt	0.00	5.00	7.50	10	15	18	20
Accounts Payable	64	59	51	64	52	80	87
Accrued Expenses	84	71	83	89	86	88	104
Other Current Liabilities	9.50	3.60	7.50	11	3.70	6.70	9.90
Total Noncurrent Liabilities	2,930	3,002	3,076	3,156	3,324	3,455	3,484
Long-Term Debt	2,909	2,985	3,061	3,138	3,310	3,443	3,470
Noncurrent Deferred & Payable Income Tax Liabilities	0.40	0.40	0.40	0.50	0.40	0.40	0.50
Other Noncurrent Operating Liabilities	21	16	15	18	13	12	14
Total Equity & Noncontrolling Interests	514	439	435	445	382	403	442
Total Preferred & Common Equity	248	228	302	367	404	465	531
Total Common Equity	248	228	302	367	404	465	531
Common Stock	248	228	302	367	404	465	531
Noncontrolling Interest	266	211	133	78	-23	-62	-89

This table displays calculated financial ratios and metrics derived from Hess Midstream's official financial filings.

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	22.99%	19.03%	28.72%	10.25%	5.93%	5.76%	10.89%
EBITDA Growth	0.00%	31.59%	2.64%	41.17%	21.64%	9.02%	3.72%	11.19%
EBIT Growth	0.00%	41.45%	-0.58%	53.11%	26.12%	8.80%	3.25%	12.50%
NOPAT Growth	0.00%	43.75%	-0.39%	50.76%	25.08%	6.79%	1.35%	7.77%
Net Income Growth	0.00%	34.50%	-2.40%	52.63%	27.41%	0.45%	-2.08%	8.44%
EPS Growth	0.00%	0.00%	0.00%	9.17%	34.35%	14.20%	3.48%	19.71%
Operating Cash Flow Growth	0.00%	38.75%	0.81%	36.33%	23.97%	8.25%	0.62%	8.53%
Free Cash Flow Firm Growth	0.00%	0.00%	103.60%	403.93%	49.21%	5.05%	-7.18%	-23.95%
Invested Capital Growth	0.00%	0.00%	10.96%	5.06%	2.81%	3.25%	4.87%	10.55%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	31.22%	-14.06%	-0.13%	3.21%	2.71%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	9.97%	5.79%	-0.04%	1.76%	3.13%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	12.60%	6.63%	-0.44%	1.71%	3.71%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	12.23%	6.18%	-0.78%	0.96%	2.46%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	11.91%	6.63%	-2.41%	0.50%	3.02%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-39.07%	9.32%	-0.99%	2.46%	5.96%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	6.33%	6.56%	-0.10%	2.97%	1.17%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	3.20%	5.63%	3.85%	-2.77%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.45%	1.14%	-0.14%	-0.57%	0.34%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	66.97%	71.66%	61.79%	67.77%	74.77%	76.95%	75.47%	75.67%
Operating Margin	45.40%	53.07%	44.39%	52.80%	60.41%	62.05%	60.57%	61.45%
EBIT Margin	46.21%	53.15%	44.39%	52.81%	60.41%	62.05%	60.57%	61.45%
Profit (Net Income) Margin	41.76%	45.67%	37.45%	44.41%	51.32%	48.67%	45.06%	44.07%
Tax Burden Percent	100.00%	100.00%	100.03%	98.52%	97.69%	95.89%	94.13%	90.18%
Interest Burden Percent	90.37%	85.93%	84.33%	85.36%	86.96%	81.80%	79.03%	79.52%
Effective Tax Rate	0.00%	0.00%	-0.03%	1.48%	2.31%	4.11%	5.87%	9.82%
Return on Invested Capital (ROIC)	0.00%	28.22%	13.32%	18.62%	22.42%	23.24%	22.63%	22.63%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	15.12%	8.50%	13.80%	18.07%	17.97%	17.17%	17.40%
Return on Net Nonoperating Assets (RNNOA)	0.00%	6.48%	6.48%	17.86%	37.01%	73.57%	113.60%	136.46%
Return on Equity (ROE)	0.00%	34.70%	19.81%	36.48%	59.43%	96.81%	136.23%	159.08%
Cash Return on Invested Capital (CROIC)	0.00%	-171.78%	2.93%	13.68%	19.65%	20.04%	17.87%	12.61%
Operating Return on Assets (OROA)	0.00%	12.66%	12.01%	17.34%	21.20%	22.37%	22.15%	23.15%
Return on Assets (ROA)	0.00%	10.88%	10.14%	14.58%	18.01%	17.55%	16.47%	16.60%
Return on Common Equity (ROCE)	0.00%	-5.88%	-1.15%	3.52%	9.41%	33.92%	89.37%	167.22%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-102.36%	241.60%	387.92%	302.69%	253.20%	178.63%	124.18%
Net Operating Profit after Tax (NOPAT)	263	378	377	568	710	759	769	829
NOPAT Margin	45.40%	53.07%	44.41%	52.01%	59.01%	59.50%	57.02%	55.41%
Net Nonoperating Expense Percent (NNEP)	0.00%	13.10%	4.82%	4.83%	4.35%	5.26%	5.46%	5.22%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	22.22%	21.51%	21.05%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	34.50%	29.13%	38.81%	32.83%	25.83%	23.74%	25.15%	24.97%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	54.60%	46.93%	55.61%	47.20%	39.59%	37.95%	39.43%	38.55%
Earnings before Interest and Taxes (EBIT)	268	379	377	577	727	791	817	919
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	388	511	524	740	900	981	1,018	1,132
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	2.11	3.69	4.52	5.79	7.14
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	2.11	3.69	4.52	5.79	7.14
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.24	0.63	0.87	1.46	2.53
Price to Earnings (P/E)	0.00	0.00	0.00	11.00	16.25	13.21	16.60	16.98
Dividend Yield	4.94%	12.63%	10.10%	11.85%	8.55%	8.67%	8.24%	7.25%
Earnings Yield	0.00%	0.00%	0.00%	9.09%	6.16%	7.57%	6.02%	5.89%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	1.04	1.17	1.26	1.47	1.85
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	2.99	3.13	3.28	3.79	4.75
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	4.41	4.18	4.26	5.02	6.28
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	5.66	5.17	5.28	6.25	7.73
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	5.75	5.30	5.51	6.64	8.57
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	5.09	4.73	4.86	5.90	7.56
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	7.82	6.04	6.39	8.41	15.38
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.52	1.32	1.44	3.40	5.45	8.84	7.46
Long-Term Debt to Equity	0.00	0.52	1.32	1.43	3.38	5.45	8.81	7.41
Financial Leverage	0.00	0.43	0.76	1.29	2.05	4.09	6.62	7.84
Leverage Ratio	0.00	1.59	1.95	2.50	3.30	5.52	8.27	9.58
Compound Leverage Factor	0.00	1.37	1.65	2.14	2.87	4.51	6.54	7.62
Debt to Total Capital	0.00%	34.34%	56.83%	59.02%	77.29%	84.51%	89.84%	88.18%
Short-Term Debt to Total Capital	0.00%	0.40%	0.00%	0.31%	0.60%	0.07%	0.35%	0.57%
Long-Term Debt to Total Capital	0.00%	33.94%	56.83%	58.72%	76.69%	84.43%	89.49%	87.61%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	76.79%	38.91%	37.11%	16.55%	8.31%	0.64%	-1.66%
Common Equity to Total Capital	0.00%	-11.13%	4.26%	3.86%	6.15%	7.18%	9.52%	13.48%
Debt to EBITDA	0.00	1.92	3.35	2.58	2.85	2.94	3.16	3.07
Net Debt to EBITDA	0.00	1.58	3.13	2.43	2.73	2.84	3.06	2.99
Long-Term Debt to EBITDA	0.00	1.90	3.35	2.57	2.83	2.94	3.14	3.05
Debt to NOPAT	0.00	2.59	4.65	3.36	3.61	3.80	4.18	4.19
Net Debt to NOPAT	0.00	2.13	4.36	3.17	3.46	3.68	4.05	4.08
Long-Term Debt to NOPAT	0.00	2.56	4.65	3.35	3.58	3.80	4.16	4.16
Altman Z-Score	0.00	0.00	0.00	0.96	1.19	1.29	1.39	1.69
Noncontrolling Interest Sharing Ratio	0.00%	116.95%	105.81%	90.35%	84.17%	64.96%	34.40%	-5.12%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.31	0.54	0.81	0.78	0.83	0.65	0.68
Quick Ratio	0.00	1.28	0.52	0.77	0.72	0.79	0.62	0.65
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-2,302	83	417	623	654	607	462
Operating Cash Flow to CapEx	256.09%	194.30%	153.62%	213.19%	487.44%	361.50%	387.65%	307.19%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.24	0.27	0.33	0.35	0.36	0.37	0.38
Accounts Receivable Turnover	0.00	10.51	10.90	12.06	11.28	10.50	10.92	11.36
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.26	0.30	0.36	0.39	0.41	0.42	0.46
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	34.72	33.50	30.27	32.37	34.78	33.44	32.13
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	34.72	33.50	30.27	32.37	34.78	33.44	32.13
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	0.00	2,681	2,975	3,125	3,213	3,317	3,479	3,846
Invested Capital Turnover	0.00	0.53	0.30	0.36	0.38	0.39	0.40	0.41
Increase / (Decrease) in Invested Capital	0.00	2,681	294	151	88	105	162	367
Enterprise Value (EV)	0.00	0.00	0.00	3,264	3,762	4,181	5,108	7,104
Market Capitalization	0.00	0.00	0.00	264	754	1,108	1,969	3,789
Book Value per Share	$0.00	($5.81)	$7.31	$6.93	$6.06	$5.57	$4.98	$5.10
Tangible Book Value per Share	$0.00	($5.81)	$7.31	$6.93	$6.06	$5.57	$4.98	$5.10
Total Capital	0.00	2,857	3,086	3,236	3,317	3,415	3,575	3,937
Total Debt	0.00	981	1,754	1,910	2,564	2,886	3,211	3,472
Total Long-Term Debt	0.00	970	1,754	1,900	2,544	2,883	3,199	3,449
Net Debt	0.00	805	1,642	1,799	2,460	2,789	3,116	3,381
Capital Expenditures (CapEx)	131	240	306	301	163	238	224	306
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-56	-84	-16	-20	-28	-66	-52
Debt-free Net Working Capital (DFNWC)	0.00	54	-80	-14	-18	-25	-61	-47
Net Working Capital (NWC)	0.00	42	-80	-24	-38	-27	-73	-70
Net Nonoperating Expense (NNE)	21	53	59	83	93	138	161	170
Net Nonoperating Obligations (NNO)	0.00	805	1,642	1,799	2,460	2,788	3,116	3,381
Total Depreciation and Amortization (D&A)	120	132	148	163	173	190	201	213
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-7.82%	-9.84%	-1.48%	-1.66%	-2.18%	-4.92%	-3.46%
Debt-free Net Working Capital to Revenue	0.00%	7.52%	-9.45%	-1.25%	-1.48%	-1.94%	-4.52%	-3.17%
Net Working Capital to Revenue	0.00%	5.94%	-9.45%	-2.16%	-3.14%	-2.13%	-5.44%	-4.67%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$1.21	$1.33	$1.81	$2.03	$2.11	$2.51
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	17.96M	18M	25.60M	41.30M	56.20M	89M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$1.20	$1.31	$1.76	$2.01	$2.08	$2.49
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	54.80M	18.10M	25.70M	41.40M	56.30M	89M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	18M	0.00	0.00	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	184	265	264	568	710	759	769	829
Normalized NOPAT Margin	31.78%	37.15%	31.08%	52.01%	59.01%	59.50%	57.02%	55.41%
Pre Tax Income Margin	41.76%	45.67%	37.44%	45.08%	52.53%	50.75%	47.87%	48.87%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	41.32%	121.69%	26.88%	101.81%	85.63%	85.59%	91.66%	88.94%
Augmented Payout Ratio	42.19%	121.69%	26.88%	101.81%	207.02%	150.05%	157.48%	134.46%

This table displays calculated financial ratios and metrics derived from Hess Midstream's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.17%	-0.54%	-2.37%	3.38%	8.45%	13.32%	16.59%	12.81%	4.24%	11.05%
EBITDA Growth	24.33%	-0.16%	-1.53%	1.94%	7.11%	7.18%	14.99%	11.29%	5.93%	13.06%
EBIT Growth	28.14%	-1.75%	-3.48%	1.43%	7.84%	6.98%	17.65%	12.22%	5.32%	15.66%
NOPAT Growth	25.28%	-3.07%	-4.81%	0.66%	5.61%	3.88%	13.04%	7.62%	1.01%	10.20%
Net Income Growth	21.59%	-9.27%	-10.90%	-2.57%	3.39%	2.00%	13.85%	8.38%	-0.06%	12.63%
EPS Growth	39.47%	-3.92%	-4.08%	0.00%	7.55%	10.20%	25.53%	18.00%	10.53%	25.93%
Operating Cash Flow Growth	28.96%	-0.40%	4.25%	-4.03%	-8.18%	11.23%	-6.74%	32.75%	4.36%	4.40%
Free Cash Flow Firm Growth	-44.85%	-21.48%	-27.90%	1,796.70%	-41.72%	-60.04%	-185.31%	-160.80%	-536.68%	-557.88%
Invested Capital Growth	4.57%	3.25%	2.77%	2.47%	5.33%	4.87%	8.45%	7.82%	9.54%	10.55%
Revenue Q/Q Growth	6.83%	-6.03%	-3.05%	6.23%	12.07%	-1.82%	-0.25%	2.78%	3.56%	4.60%
EBITDA Q/Q Growth	3.88%	-2.74%	-2.78%	3.78%	9.14%	-2.67%	4.30%	0.44%	3.89%	3.88%
EBIT Q/Q Growth	4.45%	-3.73%	-3.92%	4.98%	11.06%	-4.50%	5.66%	0.14%	4.23%	4.88%
NOPAT Q/Q Growth	4.43%	-3.70%	-3.83%	4.08%	9.56%	-5.27%	4.65%	-0.91%	2.83%	3.34%
Net Income Q/Q Growth	5.01%	-6.02%	-5.07%	4.01%	11.43%	-7.28%	5.96%	-0.99%	2.74%	4.49%
EPS Q/Q Growth	6.00%	-7.55%	-4.08%	6.38%	14.00%	-5.26%	9.26%	0.00%	6.78%	7.94%
Operating Cash Flow Q/Q Growth	10.08%	-5.16%	-10.74%	2.97%	5.33%	14.90%	-25.16%	46.57%	-17.19%	14.94%
Free Cash Flow Firm Q/Q Growth	788.71%	67.83%	9.17%	16.49%	-72.69%	15.08%	-333.05%	16.98%	-96.11%	-20.67%
Invested Capital Q/Q Growth	-0.11%	-0.14%	0.45%	2.27%	2.68%	-0.57%	3.87%	1.68%	4.32%	0.34%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	75.24%	77.88%	78.10%	76.30%	74.30%	73.66%	77.02%	75.27%	75.51%	74.99%
Operating Margin	60.93%	62.43%	61.87%	61.14%	60.59%	58.93%	62.43%	60.82%	61.22%	61.38%
EBIT Margin	60.93%	62.43%	61.87%	61.14%	60.59%	58.93%	62.43%	60.82%	61.22%	61.38%
Profit (Net Income) Margin	47.61%	47.62%	46.62%	45.65%	45.39%	42.86%	45.53%	43.86%	43.51%	43.47%
Tax Burden Percent	95.51%	95.54%	95.63%	94.81%	93.53%	92.77%	91.88%	90.92%	89.71%	88.39%
Interest Burden Percent	81.81%	79.84%	78.80%	78.75%	80.09%	78.39%	79.37%	79.31%	79.24%	80.12%
Effective Tax Rate	4.49%	4.46%	4.37%	5.19%	6.47%	7.23%	8.12%	9.08%	10.29%	11.61%
Return on Invested Capital (ROIC)	22.87%	23.29%	22.82%	22.01%	21.71%	21.70%	23.11%	22.50%	21.81%	22.15%
ROIC Less NNEP Spread (ROIC-NNEP)	21.50%	21.85%	21.39%	20.64%	20.31%	20.27%	21.74%	21.16%	20.47%	20.84%
Return on Net Nonoperating Assets (RNNOA)	84.46%	89.45%	93.85%	130.03%	124.14%	134.15%	162.34%	157.79%	148.73%	163.41%
Return on Equity (ROE)	107.32%	112.74%	116.67%	152.04%	145.86%	155.85%	185.45%	180.30%	170.54%	185.56%
Cash Return on Invested Capital (CROIC)	19.06%	20.04%	20.07%	19.86%	17.15%	17.87%	14.72%	15.26%	12.96%	12.61%
Operating Return on Assets (OROA)	22.05%	22.51%	22.22%	21.54%	21.46%	21.55%	23.48%	22.73%	22.50%	23.12%
Return on Assets (ROA)	17.23%	17.17%	16.74%	16.08%	16.08%	15.67%	17.12%	16.39%	16.00%	16.37%
Return on Common Equity (ROCE)	42.26%	39.50%	41.28%	90.80%	93.55%	102.24%	142.94%	165.05%	172.72%	195.06%
Return on Equity Simple (ROE_SIMPLE)	256.62%	0.00%	264.68%	198.38%	164.59%	0.00%	155.18%	137.74%	120.47%	0.00%
Net Operating Profit after Tax (NOPAT)	195	188	180	188	206	195	204	202	208	215
NOPAT Margin	58.19%	59.64%	59.16%	57.97%	56.67%	54.68%	57.36%	55.30%	54.91%	54.25%
Net Nonoperating Expense Percent (NNEP)	1.37%	1.44%	1.43%	1.37%	1.40%	1.43%	1.37%	1.34%	1.34%	1.31%
Return On Investment Capital (ROIC_SIMPLE)	-	5.50%	-	-	-	5.45%	-	-	-	5.46%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	25.48%	22.82%	22.59%	24.35%	26.27%	26.93%	23.57%	25.36%	25.18%	25.66%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	39.07%	37.70%	38.13%	38.86%	39.41%	41.07%	37.57%	39.18%	38.78%	38.62%
Earnings before Interest and Taxes (EBIT)	204	196	189	198	220	210	222	222	232	243
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	252	245	238	247	270	263	274	275	286	297
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.88	4.52	4.97	4.06	4.09	5.79	6.87	6.15	5.96	7.14
Price to Tangible Book Value (P/TBV)	3.88	4.52	4.97	4.06	4.09	5.79	6.87	6.15	5.96	7.14
Price to Revenue (P/Rev)	0.75	0.87	0.89	0.96	1.15	1.46	1.99	1.98	2.17	2.53
Price to Earnings (P/E)	12.17	13.21	12.91	13.51	14.60	16.60	19.49	17.12	16.63	16.98
Dividend Yield	9.76%	8.67%	8.69%	8.17%	8.77%	8.24%	7.01%	7.00%	7.43%	7.25%
Earnings Yield	8.22%	7.57%	7.75%	7.40%	6.85%	6.02%	5.13%	5.84%	6.01%	5.89%
Enterprise Value to Invested Capital (EV/IC)	1.21	1.26	1.27	1.27	1.32	1.47	1.66	1.65	1.69	1.85
Enterprise Value to Revenue (EV/Rev)	3.16	3.28	3.34	3.39	3.55	3.79	4.28	4.21	4.44	4.75
Enterprise Value to EBITDA (EV/EBITDA)	4.11	4.26	4.33	4.41	4.63	5.02	5.68	5.61	5.89	6.28
Enterprise Value to EBIT (EV/EBIT)	5.08	5.28	5.40	5.50	5.77	6.25	7.04	6.94	7.30	7.73
Enterprise Value to NOPAT (EV/NOPAT)	5.28	5.51	5.65	5.77	6.08	6.64	7.55	7.52	7.99	8.57
Enterprise Value to Operating Cash Flow (EV/OCF)	4.68	4.86	4.87	5.03	5.51	5.90	7.02	6.60	6.96	7.56
Enterprise Value to Free Cash Flow (EV/FCFF)	6.52	6.39	6.42	6.48	7.92	8.41	11.71	11.23	13.61	15.38
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	5.66	5.45	6.82	7.06	7.07	8.84	8.71	8.59	7.90	7.46
Long-Term Debt to Equity	5.66	5.45	6.81	7.04	7.05	8.81	8.67	8.55	7.85	7.41
Financial Leverage	3.93	4.09	4.39	6.30	6.11	6.62	7.47	7.46	7.26	7.84
Leverage Ratio	5.35	5.52	5.79	7.87	7.69	8.27	9.07	9.21	8.93	9.58
Compound Leverage Factor	4.38	4.40	4.56	6.20	6.16	6.48	7.20	7.30	7.08	7.68
Debt to Total Capital	84.99%	84.51%	87.21%	87.59%	87.61%	89.84%	89.70%	89.58%	88.76%	88.18%
Short-Term Debt to Total Capital	0.00%	0.07%	0.15%	0.21%	0.28%	0.35%	0.40%	0.45%	0.51%	0.57%
Long-Term Debt to Total Capital	84.99%	84.43%	87.06%	87.38%	87.33%	89.49%	89.30%	89.12%	88.25%	87.61%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	7.77%	8.31%	6.14%	3.79%	2.17%	0.64%	-0.61%	-1.60%	-2.27%	-1.66%
Common Equity to Total Capital	7.24%	7.18%	6.65%	8.62%	10.22%	9.52%	10.91%	12.02%	13.51%	13.48%
Debt to EBITDA	2.96	2.94	3.06	3.12	3.15	3.16	3.16	3.20	3.18	3.07
Net Debt to EBITDA	2.86	2.84	2.96	3.03	3.05	3.06	3.07	3.03	3.09	2.99
Long-Term Debt to EBITDA	2.96	2.94	3.05	3.12	3.14	3.14	3.14	3.18	3.16	3.05
Debt to NOPAT	3.80	3.80	3.99	4.09	4.13	4.18	4.20	4.29	4.31	4.19
Net Debt to NOPAT	3.67	3.68	3.86	3.96	4.01	4.05	4.08	4.05	4.19	4.08
Long-Term Debt to NOPAT	3.80	3.80	3.98	4.08	4.12	4.16	4.18	4.27	4.29	4.16
Altman Z-Score	0.72	0.74	0.74	0.74	0.80	0.86	1.03	1.01	1.03	1.15
Noncontrolling Interest Sharing Ratio	60.63%	64.96%	64.62%	40.28%	35.86%	34.40%	22.92%	8.45%	-1.27%	-5.12%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.93	0.83	0.84	0.77	0.79	0.65	0.89	1.11	0.70	0.68
Quick Ratio	0.85	0.79	0.81	0.76	0.72	0.62	0.86	1.11	0.64	0.65
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	50	83	91	106	29	33	-77	-64	-126	-152
Operating Cash Flow to CapEx	356.15%	361.36%	309.02%	475.81%	408.92%	389.92%	338.14%	425.04%	243.66%	271.82%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.36	0.36	0.36	0.35	0.35	0.37	0.38	0.37	0.37	0.38
Accounts Receivable Turnover	9.59	10.50	10.28	9.69	10.34	10.92	11.67	12.90	11.51	11.36
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.41	0.41	0.40	0.40	0.41	0.42	0.44	0.45	0.45	0.46
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	38.05	34.78	35.51	37.67	35.29	33.44	31.28	28.29	31.72	32.13
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	38.05	34.78	35.51	37.67	35.29	33.44	31.28	28.29	31.72	32.13
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,322	3,317	3,332	3,408	3,499	3,479	3,614	3,674	3,833	3,846
Invested Capital Turnover	0.39	0.39	0.39	0.38	0.38	0.40	0.40	0.41	0.40	0.41
Increase / (Decrease) in Invested Capital	145	105	90	82	177	162	281	266	334	367
Enterprise Value (EV)	4,035	4,181	4,237	4,333	4,634	5,108	5,987	6,067	6,465	7,104
Market Capitalization	961	1,108	1,132	1,227	1,502	1,969	2,777	2,858	3,163	3,789
Book Value per Share	$5.63	$5.57	$5.18	$6.85	$6.46	$4.98	$5.06	$5.81	$5.81	$5.10
Tangible Book Value per Share	$5.63	$5.57	$5.18	$6.85	$6.46	$4.98	$5.06	$5.81	$5.81	$5.10
Total Capital	3,423	3,415	3,429	3,504	3,594	3,575	3,707	3,863	3,932	3,937
Total Debt	2,909	2,886	2,990	3,069	3,148	3,211	3,325	3,460	3,490	3,472
Total Long-Term Debt	2,909	2,883	2,985	3,061	3,138	3,199	3,310	3,443	3,470	3,449
Net Debt	2,808	2,789	2,894	2,973	3,054	3,116	3,232	3,272	3,391	3,381
Capital Expenditures (CapEx)	66	62	64	43	53	64	55	64	92	95
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-13	-28	-21	-30	-29	-66	-7.10	-60	-57	-52
Debt-free Net Working Capital (DFNWC)	-11	-25	-17	-27	-26	-61	-2.90	39	-47	-47
Net Working Capital (NWC)	-11	-27	-22	-35	-36	-73	-18	22	-67	-70
Net Nonoperating Expense (NNE)	35	38	38	40	41	42	42	42	43	43
Net Nonoperating Obligations (NNO)	2,808	2,788	2,894	2,973	3,054	3,116	3,232	3,272	3,391	3,381
Total Depreciation and Amortization (D&A)	48	49	50	49	50	53	52	53	54	54
Debt-free, Cash-free Net Working Capital to Revenue	-1.04%	-2.18%	-1.62%	-2.36%	-2.25%	-4.92%	-0.51%	-4.18%	-3.91%	-3.46%
Debt-free Net Working Capital to Revenue	-0.84%	-1.94%	-1.33%	-2.13%	-2.00%	-4.52%	-0.21%	2.73%	-3.21%	-3.17%
Net Working Capital to Revenue	-0.84%	-2.13%	-1.73%	-2.71%	-2.76%	-5.44%	-1.28%	1.52%	-4.58%	-4.67%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.53	$0.49	$0.47	$0.50	$0.57	$0.57	$0.60	$0.59	$0.63	$0.69
Adjusted Weighted Average Basic Shares Outstanding	44M	41.30M	44M	50.10M	62.50M	56.20M	75.10M	83.80M	93M	89M
Adjusted Diluted Earnings per Share	$0.53	$0.49	$0.47	$0.50	$0.57	$0.54	$0.59	$0.59	$0.63	$0.68
Adjusted Weighted Average Diluted Shares Outstanding	44.10M	41.40M	44.10M	50.20M	62.50M	56.30M	75.20M	83.80M	93M	89M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	44.00M	0.00	44.09M	56.86M	68.36M	0.00	79.92M	91.42M	104.07M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	195	188	180	188	206	195	204	202	208	215
Normalized NOPAT Margin	58.19%	59.64%	59.16%	57.97%	56.67%	54.68%	57.36%	55.30%	54.91%	54.25%
Pre Tax Income Margin	49.85%	49.84%	48.75%	48.15%	48.53%	46.20%	49.55%	48.24%	48.51%	49.18%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	82.64%	85.59%	89.01%	90.67%	90.97%	91.66%	89.88%	89.29%	90.46%	88.94%
Augmented Payout Ratio	145.54%	150.05%	171.90%	124.04%	140.58%	157.48%	153.63%	151.81%	152.99%	134.46%

Frequently Asked Questions About Hess Midstream's Financials

When does Hess Midstream's fiscal year end?

According to the most recent income statement we have on file, Hess Midstream's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Hess Midstream's net income changed over the last 7 years?

Hess Midstream's net income appears to be on an upward trend, with a most recent value of $659 million in 2024, rising from $242 million in 2017. The previous period was $607.70 million in 2023.

What is Hess Midstream's operating income?

Hess Midstream's total operating income in 2024 was $919 million, based on the following breakdown:

Total Gross Profit: $1.50 billion
Total Operating Expenses: $576.50 million

How has Hess Midstream revenue changed over the last 7 years?

Over the last 7 years, Hess Midstream's total revenue changed from $579.50 million in 2017 to $1.50 billion in 2024, a change of 158.1%.

How much debt does Hess Midstream have?

Hess Midstream's total liabilities were at $3.69 billion at the end of 2024, a 7.6% increase from 2023, and a 230.5% increase since 2018.

How much cash does Hess Midstream have?

In the past 6 years, Hess Midstream's cash and equivalents has ranged from $2.20 million in 2021 to $109.30 million in 2018, and is currently $4.30 million as of their latest financial filing in 2024.

How has Hess Midstream's book value per share changed over the last 7 years?

Over the last 7 years, Hess Midstream's book value per share changed from 0.00 in 2017 to 5.10 in 2024, a change of 509.9%.

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This page (NYSE:HESM) was last updated on 4/30/2025 by MarketBeat.com Staff

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Hess Midstream (HESM) Financials

Frequently Asked Questions About Hess Midstream's Financials

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Hess Midstream (HESM) Financials

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