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Hess Midstream HESM Terminaling And Export — Operating Costs And Expenses

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Gathering
$50.4M-7.9%
Processing And Storage
$28M-8.5%

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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:OperatingCostsAndExpenses.

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 terminaling and export — operating costs and expenses?
Hess Midstream (HESM) reported terminaling and export — operating costs and expenses of $7.5M in Q2 2026.
How has Hess Midstream's terminaling and export — operating costs and expenses changed year-over-year?
Hess Midstream's terminaling and export — operating costs and expenses decreased by 14.8% year-over-year, from $8.8M to $7.5M.
What is the long-term trend for Hess Midstream's terminaling and export — operating costs and expenses?
Over 3 years (2022 to 2025), Hess Midstream's terminaling and export — operating costs and expenses has grown at a 13.0% compound annual growth rate (CAGR), from $24.4M to $35.2M.
What does terminaling and export — operating costs and expenses mean?
Captures the direct costs associated with operating and maintaining terminaling and export facilities, including labor, maintenance, and utility expenses. Monitoring these costs is essential for evaluating the operational efficiency and cost-management discipline of the segment. Rising expenses relative to revenue may indicate inflationary pressures or aging infrastructure requirements.

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