What is Hess Midstream's deferred taxes?

Hess Midstream (HESM) reported deferred taxes of $28.2M in Q1 2026.

How has Hess Midstream's deferred taxes changed year-over-year?

Hess Midstream's deferred taxes increased by 23.1% year-over-year, from $22.9M to $28.2M.

What is the long-term trend for Hess Midstream's deferred taxes?

Over 4 years (2021 to 2025), Hess Midstream's deferred taxes has grown at a 67.1% compound annual growth rate (CAGR), from $14.6M to $113.7M.

What does deferred taxes mean?

Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.

Hess Midstream HESM Deferred Taxes

Deferred Taxes at other companies

EnbridgeENB

$271M-10.9%

OneokOKE

$256M+50.6%

Energy TransferET

$93M+681%

TRG

Targa ResourcesTRGP

$123.9M+118%

Enterprise Products PartnersEPD

$14M+27.3%

National Fuel GasNFG

$34.02M+9.1%

Segments

By segment

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Gathering$0—

Processing And Storage$0—

Terminaling And Export$0—

Other financials

Income statement

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Revenue$390.1M+2.1%

Operating income$238.1M+0.3%

Net income$87.6M+22.3%

Balance sheet

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Cash & equivalents$4.6M-24.6%

Total debt$3.8B+5.6%

Total assets$4.3B+1.3%

Cash flow

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Operating cash flow$253.3M+25.1%

CapEx$28.8M-36.7%

Free cash flow$224.5M+43.1%

Valuation

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Market cap$4.72B+1.9%

Enterprise value$8.49B+3.5%

P/E12.8×-5.7×

P/S2.9×-0.1×

Profitability

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Operating margin61.9%+0.5pp

Net margin22.6%+6.2pp

FCF margin48.8%+5.4pp

Returns & leverage

See full

Current ratio0.9×+0.1×

Where this comes from

Reported directly by Hess Midstream in its filing.

Tagged under the XBRL concept us-gaap:DeferredIncomeTaxExpenseBenefit.

The official record: Hess Midstream’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hess Midstream's deferred taxes?: Hess Midstream (HESM) reported deferred taxes of $28.2M in Q1 2026.
How has Hess Midstream's deferred taxes changed year-over-year?: Hess Midstream's deferred taxes increased by 23.1% year-over-year, from $22.9M to $28.2M.
What is the long-term trend for Hess Midstream's deferred taxes?: Over 4 years (2021 to 2025), Hess Midstream's deferred taxes has grown at a 67.1% compound annual growth rate (CAGR), from $14.6M to $113.7M.
What does deferred taxes mean?: Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.