Hess Midstream LP (HESM) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1501 MCKINNEY STREET HOUSTON, TX 77010 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 99,600 | 4,200 | 5,400 | 3,300 | 3,000 | 3,600 | |||
| Cash and cash equivalents | 99,600 | 4,200 | 5,400 | 3,300 | 3,000 | 3,600 | |||
| Receivables | 109,700 | 127,800 | 122,500 | 122,000 | 110,300 | 109,200 | |||
| Other current assets | 1,500 | 4,500 | 7,000 | 12,400 | 800 | 3,800 | |||
| Other undisclosed current assets | 3,300 | 2,800 | 1,900 | ||||||
| Total current assets: | 214,100 | 139,300 | 136,800 | 137,700 | 114,100 | 116,600 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 3,237,300 | 3,215,000 | 3,229,200 | 3,207,800 | 3,188,300 | 3,183,000 | |||
| Long-term investments and receivables | 89,400 | 89,600 | 90,500 | 91,800 | 93,300 | 93,400 | |||
| Long-term investments | 89,400 | 89,600 | 90,500 | 91,800 | 93,300 | 93,400 | |||
| Deferred income tax assets | 501,600 | 410,500 | 324,400 | 329,000 | 254,000 | 174,900 | |||
| Other noncurrent assets | 7,700 | 8,400 | 8,600 | 9,200 | 10,000 | 10,600 | |||
| Total noncurrent assets: | 3,836,000 | 3,723,500 | 3,652,700 | 3,637,800 | 3,545,600 | 3,461,900 | |||
| TOTAL ASSETS: | 4,050,100 | 3,862,800 | 3,789,500 | 3,775,500 | 3,659,700 | 3,578,500 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 129,900 | 107,300 | 147,100 | 125,400 | 106,300 | 110,700 | |||
| Accounts payable | 41,800 | 21,200 | 41,200 | 36,200 | 23,600 | 39,800 | |||
| Accrued liabilities | 88,100 | 86,100 | 105,900 | 89,200 | 82,700 | 70,900 | |||
| Debt | 17,500 | 15,000 | 12,500 | 10,000 | 7,500 | 5,000 | |||
| Accrued environmental loss contingencies | 2,200 | 2,200 | 1,700 | 1,300 | 900 | ||||
| Other liabilities | 6,700 | 3,700 | 12,100 | 10,700 | 7,500 | 3,600 | |||
| Due to related parties | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 19,200 | ||
| Other undisclosed current liabilities | 35,900 | 29,000 | 36,800 | 26,400 | 26,600 | ||||
| Total current liabilities: | 192,200 | 157,200 | 210,200 | 173,800 | 148,800 | 138,500 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3,442,800 | 3,310,400 | 3,198,900 | 3,138,300 | 3,061,200 | 2,985,100 | |||
| Long-term debt, excluding current maturities | 3,442,800 | 3,310,400 | 3,198,900 | 3,138,300 | 3,061,200 | 2,985,100 | |||
| Liabilities, other than long-term debt | 15,800 | 13,500 | 17,200 | 18,100 | 14,900 | 16,400 | |||
| Deferred income tax liabilities | 400 | 400 | 500 | 500 | 400 | 400 | |||
| Accrued environmental loss contingencies | 3,300 | ||||||||
| Other liabilities | 12,100 | 13,100 | 16,700 | 17,600 | 14,500 | 16,000 | |||
| Other undisclosed noncurrent liabilities | (3,300) | ||||||||
| Total noncurrent liabilities: | 3,455,300 | 3,323,900 | 3,216,100 | 3,156,400 | 3,076,100 | 3,001,500 | |||
| Total liabilities: | 3,647,500 | 3,481,100 | 3,426,300 | 3,330,200 | 3,224,900 | 3,140,000 | |||
| Equity | |||||||||
| Other undisclosed equity | 402,600 | 381,700 | 363,200 | 445,300 | 434,800 | 438,500 | |||
| Total equity: | 402,600 | 381,700 | 363,200 | 445,300 | 434,800 | 438,500 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,050,100 | 3,862,800 | 3,789,500 | 3,775,500 | 3,659,700 | 3,578,500 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 365,500 | 355,600 | 356,500 | 363,100 | 324,000 | 305,000 | ||
| Cost of revenue | (50,500) | (49,800) | (50,400) | (47,700) | (47,000) | (47,400) | ||
| Gross profit: | 315,000 | 305,800 | 306,100 | 315,400 | 277,000 | 257,600 | ||
| Operating expenses | (92,700) | (83,800) | (96,000) | (95,400) | (78,900) | (68,900) | ||
| Operating income: | 222,300 | 222,000 | 210,100 | 220,000 | 198,100 | 188,700 | ||
| Income from continuing operations before equity method investments, income taxes: | 222,300 | 222,000 | 210,100 | 220,000 | 198,100 | 188,700 | ||
| Income from equity method investments | 3,700 | 2,700 | 2,400 | 2,000 | 1,700 | 1,600 | ||
| Other undisclosed loss from continuing operations before income taxes | (49,700) | (48,500) | (47,800) | (45,800) | (43,800) | (41,600) | ||
| Income from continuing operations before income taxes: | 176,300 | 176,200 | 164,700 | 176,200 | 156,000 | 148,700 | ||
| Income tax expense | (16,000) | (14,300) | (11,900) | (11,400) | (8,100) | (6,500) | ||
| Net income: | 160,300 | 161,900 | 152,800 | 164,800 | 147,900 | 142,200 | ||
| Net loss attributable to noncontrolling interest | (110,800) | (117,300) | (115,300) | (129,500) | (122,800) | (121,500) | ||
| Net income available to common stockholders, diluted: | 49,500 | 44,600 | 37,500 | 35,300 | 25,100 | 20,700 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 160,300 | 161,900 | 152,800 | 164,800 | 147,900 | 142,200 | ||
| Comprehensive income: | 160,300 | 161,900 | 152,800 | 164,800 | 147,900 | 142,200 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (110,800) | (117,300) | (115,300) | (129,500) | (122,800) | (121,500) | ||
| Comprehensive income, net of tax, attributable to parent: | 49,500 | 44,600 | 37,500 | 35,300 | 25,100 | 20,700 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.