Hess Midstream LP (HESM) Income Statement Analysis

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Complete financial analysis of Hess Midstream LP (HESM) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Hess Midstream LP, a leading company in the Oil & Gas Midstream industry within the Energy sector.

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Hess Midstream LP (HESM)

Industry: Oil & Gas Midstream

Sector: Energy

Website: https://www.hessmidstream.com

About Hess Midstream LP

Hess Midstream LP owns, develops, operates, and acquires midstream assets. The company operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and compression; crude oil gathering systems; and produced water gathering and disposal facilities. Its gathering systems consists of approximately 1,350 miles of high and low pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 450 million cubic feet per day; and crude oil gathering system comprises approximately 550 miles of crude oil gathering pipelines. The Processing and Storage segment comprises Tioga Gas Plant, a natural gas processing and fractionation plant located in Tioga, North Dakota; a 50% interest in the Little Missouri 4 gas processing plant located in south of the Missouri River in McKenzie County, North Dakota; and Mentor Storage Terminal, a propane storage cavern and rail, and truck loading and unloading facility located in Mentor, Minnesota. The Terminaling and Export segment owns Ramberg terminal facility; Tioga rail terminal; and crude oil rail cars, as well as Johnson's Corner Header System, a crude oil pipeline header system. Hess Midstream LP was founded in 2014 and is based in Houston, Texas.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	1.35B	1.28B	1.20B	1.09B	848.30M	712.70M	565.80M	509.80M	565.10M	254.80M	269.70M	169.70M
Cost of Revenue	313.00M	181.30M	165.60M	156.90M	142.50M	126.90M	113.10M	99.70M	86.10M	44.40M	202.80M	101.70M
Gross Profit	1.04B	1.09B	1.04B	935.00M	705.80M	585.80M	452.70M	410.10M	479.00M	210.40M	66.90M	68.00M
Gross Profit Ratio	76.79%	85.78%	86.24%	85.63%	83.20%	82.19%	80.01%	80.44%	84.76%	82.57%	24.81%	40.07%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	26.20M	23.10M	22.70M	21.10M	52.40M	14.10M	8.10M	10.40M	9.30M	4.90M	13.00M	11.60M
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	26.20M	23.10M	22.70M	21.10M	52.40M	14.10M	8.10M	10.40M	9.30M	4.90M	13.00M	11.60M
Other Expenses	192.50M	279.60M	288.30M	337.40M	276.80M	154.30M	158.40M	193.40M	274.80M	170.70M	217.70M	130.30M
Operating Expenses	218.70M	302.70M	311.00M	358.50M	329.20M	207.60M	166.50M	203.80M	284.10M	175.60M	230.70M	141.90M
Cost & Expenses	531.70M	484.00M	476.60M	515.40M	471.70M	334.50M	279.60M	303.50M	370.20M	220.00M	433.50M	243.60M
Interest Income	0.00	149.30M	105.40M	94.70M	62.40M	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	179.00M	149.30M	105.40M	94.70M	62.40M	53.30M	1.40M	1.40M	1.50M	1.90M	0.00	0.00
Depreciation & Amortization	192.50M	181.30M	165.60M	156.90M	142.50M	126.90M	113.10M	99.70M	86.10M	44.40M	12.50M	14.30M
EBITDA	1.02B	972.50M	903.40M	733.40M	545.30M	505.10M	399.30M	306.00M	281.00M	79.20M	-151.30M	-59.60M
EBITDA Ratio	75.42%	62.46%	75.05%	53.74%	44.80%	70.87%	50.58%	60.02%	49.73%	31.08%	-56.10%	-35.12%
Operating Income	816.90M	615.20M	727.20M	429.90M	237.50M	378.20M	286.20M	206.30M	194.90M	34.80M	-163.80M	-73.90M
Operating Income Ratio	60.57%	48.24%	60.41%	39.37%	28.00%	53.07%	50.58%	40.47%	34.49%	13.66%	-60.73%	-43.55%
Total Other Income/Expenses	-171.30M	-144.00M	-94.80M	-84.30M	-59.00M	-52.70M	21.70M	-1.40M	-1.50M	-1.90M	0.00	0.00
Income Before Tax	645.60M	647.20M	632.40M	492.10M	317.60M	325.50M	284.80M	206.30M	193.40M	32.90M	-163.80M	-73.90M
Income Before Tax Ratio	47.87%	50.75%	52.53%	45.07%	37.44%	45.67%	50.34%	40.47%	34.22%	12.91%	-60.73%	-43.55%
Income Tax Expense	37.90M	26.60M	14.60M	7.30M	-100.00K	308.00M	130.50M	-1.40M	0.00	0.00	0.00	0.00
Net Income	118.60M	620.60M	617.80M	484.80M	317.70M	70.80M	41.20M	206.30M	193.40M	32.90M	-163.80M	-73.90M
Net Income Ratio	8.79%	48.67%	51.32%	44.40%	37.45%	9.93%	7.28%	40.47%	34.22%	12.91%	-60.73%	-43.55%
EPS	2.11	15.03	24.13	26.93	5.82	1.30	0.75	3.76	3.54	0.60	-3.00	-1.35
EPS Diluted	2.11	14.99	24.04	26.78	5.80	1.29	0.75	3.76	3.54	0.60	-3.00	-1.35
Weighted Avg Shares Out	56.20M	41.30M	25.60M	18.00M	54.60M	54.60M	53.80M	54.56M	54.56M	54.56M	54.56M	54.56M
Weighted Avg Shares Out (Dil)	56.30M	41.40M	25.70M	18.10M	54.80M	54.70M	53.80M	54.56M	54.56M	54.56M	54.56M	54.56M

Hess Midstream LP to Participate in Wells Fargo Annual Midstream, Energy & Utilities Symposium

December 3, 2024businesswire.com

HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP TO PARTICIPATE IN WELLS FARGO ANNUAL MIDSTREAM, ENERGY & UTILITIES SYMPOSIUM.

16 Upcoming Dividend Increases

October 31, 2024seekingalpha.com

All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 5.2% and a median increase of 4.2%. There are sixteen increases for next week,...

Hess Midstream LP (HESM) Q3 2024 Earnings Call Transcript

October 30, 2024seekingalpha.com

Hess Midstream LP (NYSE:HESM ) Q3 2024 Results Conference Call October 30, 2024 12:00 PM ET Company Participants Jennifer Gordon - VP, IR John Gatling - President, COO Jonathan Stein - CFO Conference Call Participants Naomi Marfatia - UBS Jackie...

Hess Midstream LP Reports Estimated Results for the Third Quarter of 2024

October 30, 2024businesswire.com

HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream” or the "company") today reported third quarter 2024 net income of $164.7 million compared with net income of $164.8 million for the third quarter of 2023. After deduction for noncontrolling interests,...

Hess Midstream LP Announces Distribution Per Share Level Increase

October 28, 2024businesswire.com

HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP ANNOUNCES DISTRIBUTION PER SHARE LEVEL INCREASE.

October's 5 Dividend Growth Stocks With 5.10%+ Yields

October 18, 2024seekingalpha.com

Dividend growth stocks can offer a passive way to grow your cash flow over time that can be used to pay the bills during retirement. We screen for some attractive names to consider, looking at dividend safety, growth and consistency,...

3 Midstream Stocks Poised to Benefit as Geopolitical Tensions Rise

October 11, 2024zacks.com

Geopolitical tensions hike oil prices, positioning midstream firms like EPD, MPLX and HESM to benefit from increased production and higher demand for transport and storage.

Hess Midstream LP Schedules Earnings Release Conference Call

October 9, 2024businesswire.com

HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP SCHEDULES EARNINGS RELEASE CONFERENCE CALL.

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October 4, 2024seekingalpha.com

Many midstream energy companies pay stable, well-supported distributions or dividends with yields well over 5%. The relative quality of twenty-nine midstream energy companies was evaluated by means of a quality matrix with factors including valuation, profitability, growth, leverage, yield, and...