HESM · XBRL financial data

Hess Midstream financial statements, every fiscal year

The same tables from 6 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 years (HESM's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	1,092	1,204	1,275	1,349	1,496	1,621
General and administrative	21	23	23	26	26	29
Operating income (loss)	577	727	791	817	919	1,008
Income tax expense (benefit)	7	15	27	38	72	114
Net income (loss)	24	46	84	119	223	353

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	3	2	3	5	4	2
Accounts receivable	—	—	123	123	135	144
Total current assets	101	133	132	137	149	159
Property and equipment, net	3,111	3,125	3,173	3,229	3,325	3,370
Total assets	3,375	3,486	3,588	3,790	4,151	4,388
Accounts payable	—	—	28	41	34	27
Accrued liabilities	54	76	83	106	94	89
Current portion of long-term debt	10	20	3	13	23	33
Total current liabilities	125	171	160	210	219	188
Long-term debt	1,900	2,544	2,883	3,199	3,449	3,740
Total liabilities	2,049	2,733	3,059	3,426	3,686	3,950
Total liabilities and equity	3,375	3,486	3,588	3,790	4,151	4,388
Common shares outstanding (cover page) millions of shares	18	34	44	80	117	129

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	24	46	84	119	223	353
Stock-based compensation	2	1	2	2	2	2
Net cash from operating activities	642	796	861	866	940	984
Purchases of property and equipment	301	163	238	224	306	256
Net cash from investing activities	(301)	(163)	(238)	(224)	(306)	(256)
Share repurchases	—	750	400	400	300	400
Net cash from financing activities	(341)	(633)	(622)	(641)	(635)	(731)
Net change in cash	(1)	(0)	1	2	(1)	(2)

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.