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Hess Midstream HESM Gathering — Income Tax Expense Benefit

Other segment segments

Processing And Storage
$0
Terminaling And Export
$0

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DTMGathering — Taxes other than income
$6M+20.0%
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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

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Current ratio0.9×+0.1×

Where this comes from

Reported directly by Hess Midstream in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

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 gathering — income tax expense benefit?
Hess Midstream (HESM) reported gathering — income tax expense benefit of $0 in Q1 2026.
What does gathering — income tax expense benefit mean?
Represents the tax obligations or benefits associated with the gathering segment's financial performance. This metric is essential for understanding the segment's contribution to the company's overall effective tax rate and net profitability.