What is Hess Midstream's D&A?

Hess Midstream (HESM) reported D&A of $58.5M in Q1 2026.

How has Hess Midstream's D&A changed year-over-year?

Hess Midstream's D&A increased by 13.6% year-over-year, from $51.5M to $58.5M.

What is the long-term trend for Hess Midstream's D&A?

Over 4 years (2021 to 2025), Hess Midstream's D&A has grown at a 6.6% compound annual growth rate (CAGR), from $165.6M to $214.1M.

Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

Hess Midstream HESM D&A

D&A at other companies

EnbridgeENB

$1.43B+1.8%

OneokOKE

$378M-0.5%

Energy TransferET

$1.58B+15.8%

TRG

Targa ResourcesTRGP

$426M+15.9%

National Fuel GasNFG

$119.33M+7.2%

Antero Midstream CorporationAM

$34.64M+5.8%

Segments

By segment

See full

Gathering$37.7M+16.4%

Processing And Storage$16.4M+11.6%

Terminaling And Export$4.4M0.0%

Other financials

Income statement

See full

Revenue$390.1M+2.1%

Operating income$238.1M+0.3%

Net income$87.6M+22.3%

Balance sheet

See full

Cash & equivalents$4.6M-24.6%

Total debt$3.8B+5.6%

Total assets$4.3B+1.3%

Cash flow

See full

Operating cash flow$253.3M+25.1%

CapEx$28.8M-36.7%

Free cash flow$224.5M+43.1%

Valuation

See full

Market cap$4.72B+1.9%

Enterprise value$8.49B+3.5%

P/E12.8×-5.7×

P/S2.9×-0.1×

Profitability

See full

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:Depreciation.

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

Ask your AI about Hess Midstream's d&a.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Hess Midstream's D&A?: Hess Midstream (HESM) reported D&A of $58.5M in Q1 2026.
How has Hess Midstream's D&A changed year-over-year?: Hess Midstream's D&A increased by 13.6% year-over-year, from $51.5M to $58.5M.
What is the long-term trend for Hess Midstream's D&A?: Over 4 years (2021 to 2025), Hess Midstream's D&A has grown at a 6.6% compound annual growth rate (CAGR), from $165.6M to $214.1M.
What does D&A mean?: Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.