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Hess Midstream HESM Processing And Storage — Depreciation

Other segment segments

Gathering
$36.6M+11.9%
Terminaling And Export
$4.4M+2.3%

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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:Depreciation.

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 processing and storage — depreciation?
Hess Midstream (HESM) reported processing and storage — depreciation of $13.4M in Q2 2026.
How has Hess Midstream's processing and storage — depreciation changed year-over-year?
Hess Midstream's processing and storage — depreciation decreased by 9.5% year-over-year, from $14.8M to $13.4M.
What is the long-term trend for Hess Midstream's processing and storage — depreciation?
Over 4 years (2021 to 2025), Hess Midstream's processing and storage — depreciation has grown at a 6.4% compound annual growth rate (CAGR), from $48.4M to $62M.
What does processing and storage — depreciation mean?
The systematic allocation of the cost of tangible assets within the processing and storage segment over their estimated useful lives. It reflects the wear and tear and obsolescence of infrastructure such as plants and storage tanks.

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