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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)
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 (HESM) Q1 2023 Earnings Call Transcript
Hess Midstream LP Reports Estimated Results for the First Quarter Of 2023
Energy Income Weekly: Improving Oil Market Fundamentals To Drive Energy Outperformance
Hess Midstream LP Schedules Earnings Release Conference Call
Hess Midstream LP Announces Filing of 2022 Annual Report on Form 10-K
Hess Midstream: Attractive Dividend Growth Backed By Stable Earnings
Hess Midstream: There For The Cash
Hess Midstream LP (HESM) Q4 2022 Earnings Call Transcript
Hess Midstream LP Announces 2023 Guidance and Return of Capital Framework Through 2025
Hess Midstream LP Reports Estimated Results for the Fourth Quarter Of 2022
Source: https://incomestatements.info
Category: Stock Reports