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Hess Midstream HESM Pre-Tax Income

Pre-Tax Income at other companies

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EnbridgeENB
236,500,000,000%-82,200,000,000pp
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$1.02B+15.0%
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$1B+22.4%
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$184.79M-8.0%
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$154.48M-8.3%

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:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

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
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Income from operations253.2260.2491.3497.6
Income from equity investments6.14.09.37.4
Interest expense, net54.555.4109.9111.8
Income before income tax expense204.8208.8390.7393.2
Income tax expense31.129.159.352.1
Net income173.7179.7331.4341.1
Less: Net income attributable to noncontrolling interest77.389.4147.4179.2
Net income attributable to Hess Midstream LP$96.4$90.3$184.0$161.9

Item 1. Financial Statements

FAQ

What is Hess Midstream's pre-tax income?
Hess Midstream (HESM) reported pre-tax income of $204.8M in Q2 2026.
How has Hess Midstream's pre-tax income changed year-over-year?
Hess Midstream's pre-tax income decreased by 1.9% year-over-year, from $208.8M to $204.8M.
What is the long-term trend for Hess Midstream's pre-tax income?
Over 4 years (2021 to 2025), Hess Midstream's pre-tax income has grown at a 6.0% compound annual growth rate (CAGR), from $632.4M to $798.4M.
What does pre-tax income mean?
Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

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