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Hess Midstream HESM Gathering — General And Administrative Expense

Other segment segments

Processing And Storage
$900K-52.6%
Terminaling And Export
$300K+50.0%

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Other financials

Income statement

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Revenue$399.0M-3.7%
Operating income$253.2M-2.7%
Net income$96.4M+6.8%

Balance sheet

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Cash & equivalents$5.0M+11.1%
Total debt$3.7B-0.9%
Total assets$4.3B-3.8%

Cash flow

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Operating cash flow$278.6M+0.6%
CapEx$23.1M-63.6%
Free cash flow$255.5M+19.7%

Valuation

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Market cap$5.13B-6.4%
Enterprise value$8.8B-4.2%
P/E13.7×-5.2×
P/S3.2×-0.3×

Profitability

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Operating margin62.1%+0.2pp
Net margin23.2%+4.7pp
FCF margin51.9%+9.5pp

Returns & leverage

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Current ratio0.8×+0.1×

Where this comes from

Reported directly by Hess Midstream in its filing.

Tagged under the XBRL concept us-gaap:GeneralAndAdministrativeExpense.

The source filing: Hess Midstream’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:15 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-338055
(in millions) / For the Three Months Ended June 30, 2026GatheringProcessing and StorageTerminaling and ExportTotal Reportable SegmentsInterest and OtherConsolidated
Revenues and other income$209.8$151.3$37.9$399.0-$399.0
Operating and maintenance expenses (exclusive of depreciation shown separately below)50.428.07.585.9-85.9
Depreciation expense36.613.44.454.4-54.4
General and administrative expenses2.80.90.34.01.55.5
Income from equity investments-6.1-6.1-6.1
Interest expense, net----54.554.5
Income tax expense----31.131.1
Adjusted EBITDA156.6128.530.1315.2

Item 1. Financial Statements

FAQ

What is Hess Midstream's gathering — general and administrative expense?
Hess Midstream (HESM) reported gathering — general and administrative expense of $2.8M in Q2 2026.
How has Hess Midstream's gathering — general and administrative expense changed year-over-year?
Hess Midstream's gathering — general and administrative expense decreased by 12.5% year-over-year, from $3.2M to $2.8M.
What is the long-term trend for Hess Midstream's gathering — general and administrative expense?
Over 3 years (2022 to 2025), Hess Midstream's gathering — general and administrative expense has grown at a 1.5% compound annual growth rate (CAGR), from $10.7M to $11.2M.
What does gathering — general and administrative expense mean?
Captures the overhead costs allocated to the gathering segment, including administrative support, management salaries, and corporate functions. It provides insight into the indirect costs required to support the segment's operational activities.

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