HESM · XBRL financial data

Hess Midstream financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (HESM's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Revenue	363	357*	356	366	379	396*	382	414	421	404*	390	399
General and administrative	6	8*	6	5	6	9*	8	8	7	6*	8	6
Operating income (loss)	220	210*	222	222	232	243*	237	260	259	252*	238	253
Income tax expense (benefit)	11	12*	14	16	19	23*	23	29	32	30*	28	31
Net income (loss)	35	38*	45	50	59	70*	72	90	98	93*	88	96

Fiscal quarters (HESM's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Cash and cash equivalents	3	5	4	100	10	4	6	5	6	2	5	5
Accounts receivable	122	123	128	110	128	135	137	138	145	144	149	143
Total current assets	138	137	139	214	154	149	150	151	168	159	166	157
Property and equipment, net	3,208	3,229	3,215	3,237	3,292	3,325	3,324	3,345	3,376	3,370	3,322	3,299
Total assets	3,776	3,790	3,863	4,050	4,147	4,151	4,264	4,423	4,438	4,388	4,317	4,257
Accounts payable	36	41	21	42	45	34	40	44	53	27	23	29
Accrued liabilities	89	106	86	88	104	94	92	102	90	89	89	98
Current portion of long-term debt	10	13	15	18	20	23	25	28	30	33	35	38
Total current liabilities	174	210	157	192	221	219	186	214	224	188	181	204
Long-term debt	3,138	3,199	3,310	3,443	3,470	3,449	3,547	3,687	3,765	3,740	3,737	3,643
Total liabilities	3,330	3,426	3,481	3,648	3,705	3,686	3,751	3,916	4,011	3,950	3,942	3,869
Total liabilities and equity	3,776	3,790	3,863	4,050	4,147	4,151	4,264	4,423	4,438	4,388	4,317	4,257
Common shares outstanding (cover page) millions of shares	68	80	80	91	104	117	117	131	129	129	128	128

Fiscal quarters (HESM's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Net income (loss)	35	38*	45	50	59	70*	72	90	98	93*	88	96
Stock-based compensation	0*	0*	1	0*	1*	1*	0	0*	1*	0*	0	0*
Net cash from operating activities	216*	248*	185	272*	225*	259*	202	277*	259*	246*	253	279*
Purchases of property and equipment	53*	64*	55	64*	92*	95*	46	63*	80*	67*	29	23*
Net cash from investing activities	(53)*	(64)*	(55)	(64)*	(92)*	(95)*	(46)	(63)*	(80)*	(67)*	(29)	(23)*
Share repurchases	100*	100*	100	100*	100*	0*	100	200*	100*	0*	60	0*
Net cash from financing activities	(163)*	(182)*	(132)	(112)*	(222)*	(169)*	(155)	(215)*	(178)*	(183)*	(222)	(255)*
Net change in cash	0*	2*	(1)	95*	(89)*	(6)*	2	(2)*	1*	(4)*	3	0*

SIC 1311 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 1311 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Hess Midstream	5	399	279*	128.4M	Q2 FY26 10-QJun 30, 2026
Viper Energy	77	677	487*	not reported	Q2 FY26 10-QJun 30, 2026
Phoenix Energy One	37	406	173*	100.0M	Q2 FY26 10-QJun 30, 2026
Vital Energy	15	421	287*	38.7M	Q3 FY25 10-QSep 30, 2025
Matador Resources	26	1,186	937*	123.8M	Q2 FY26 10-QJun 30, 2026
Chord Energy	612	2,173	1,116*	54.7M	Q2 FY26 10-QJun 30, 2026
Magnolia Oil & Gas	296	479	384*	237.0M	Q2 FY26 10-QJun 30, 2026
APA	444	not reported	1,706*	350.4M	Q2 FY26 10-QJun 30, 2026
California Resources	48	1,002	305	88.3M	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.