Hess Midstream (HESM)
Operates oil, gas, and produced-water infrastructure in the Bakken.
$39.33
After hours+0.15 (+0.39%)
At close$39.18(−1.02%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 363 | 360 | 355 | 365 | 378 | 395 | 381 | 414 | 420 | 403 | 389 | 399 |
| Cost of revenue | 48 | 50 | 50 | 51 | 52 | 51 | 52 | 52 | 57 | 54 | 59 | 140 |
| Gross profit | 315 | 309 | 305 | 314 | 326 | 344 | 330 | 362 | 363 | 349 | 330 | 259 |
| 95 | 99 | 83 | 92 | 94 | 101 | 92 | 102 | 104 | 97 | 92 | 6 | |
| 6 | 8 | 6 | 5 | 6 | 9 | 8 | 8 | 7 | 6 | 8 | 6 | |
| General & administrative | 6 | 8 | 6 | 5 | 6 | 9 | 8 | 8 | 7 | 6 | 8 | 6 |
| Other expenses | 89 | 91 | 77 | 87 | 88 | 92 | 85 | 93 | 97 | 92 | 84 | 0 |
| Operating income | 220 | 210 | 222 | 222 | 232 | 243 | 237 | 260 | 259 | 252 | 238 | 253 |
| −44 | −45 | −46 | −46 | −48 | −48 | −53 | −51 | −52 | −53 | −52 | −48 | |
| Interest expense | 46 | 48 | 49 | 50 | 52 | 52 | 56 | 55 | 57 | 57 | 55 | 55 |
| Other non-operating income | −2 | −2 | −3 | −4 | −4 | −4 | −3 | −4 | −5 | −3 | −3 | 6 |
| Income before tax | 176 | 165 | 176 | 176 | 184 | 195 | 184 | 209 | 207 | 198 | 186 | 205 |
| Income tax expense | 11 | 12 | 14 | 16 | 19 | 23 | 23 | 29 | 32 | 30 | 28 | 31 |
| Net income from continuing operations | 165 | 153 | 162 | 160 | 165 | 172 | 161 | 180 | 176 | 168 | 158 | 174 |
| Net income | 35 | 38 | 45 | 50 | 59 | 70 | 72 | 90 | 98 | 93 | 88 | 96 |
| EPS, basic | $0.57 | $0.55 | $0.59 | $0.59 | $0.63 | $0.68 | $0.65 | $0.74 | $0.75 | $0.72 | $0.68 | $0.75 |
| EPS, diluted | $0.57 | $0.55 | $0.59 | $0.59 | $0.63 | $0.68 | $0.65 | $0.74 | $0.75 | $0.72 | $0.68 | $0.75 |
| Weighted average shares, basic | 63 | 68 | 75 | 84 | 93 | 104 | 111 | 122 | 130 | 129 | 129 | 128 |
| Weighted average shares, diluted | 63 | 68 | 75 | 84 | 93 | 104 | 111 | 122 | 130 | 129 | 129 | 128 |
| EBITDA | 270 | 263 | 275 | 277 | 287 | 298 | 292 | 316 | 321 | 309 | 300 | 302 |
| Depreciation & amortization | 48 | 50 | 50 | 51 | 52 | 51 | 52 | 52 | 57 | 54 | 59 | 54 |
| EBIT | 222 | 213 | 225 | 226 | 235 | 247 | 241 | 264 | 264 | 255 | 241 | 247 |