What is Hess Midstream's income tax?

Hess Midstream (HESM) reported income tax of $28.2M in Q1 2026.

How has Hess Midstream's income tax changed year-over-year?

Hess Midstream's income tax increased by 22.6% year-over-year, from $23M to $28.2M.

What is the long-term trend for Hess Midstream's income tax?

Over 4 years (2021 to 2025), Hess Midstream's income tax has grown at a 67.1% compound annual growth rate (CAGR), from $14.6M to $113.8M.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

Hess Midstream HESM Income Tax

Income Tax at other companies

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$587M-15.8%

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$245M+24.4%

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$135M+229%

TRG

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$123.9M+71.6%

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$22M-8.3%

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$82.74M+15.9%

Segments

By segment

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Gathering$0—

Processing And Storage$0—

Terminaling And Export$0—

Other financials

Income statement

See full

Revenue$390.1M+2.1%

Operating income$238.1M+0.3%

Net income$87.6M+22.3%

Balance sheet

See full

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

See full

Operating margin61.9%+0.5pp

Net margin22.6%+6.2pp

FCF margin48.8%+5.4pp

Returns & leverage

See full

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 income tax?: Hess Midstream (HESM) reported income tax of $28.2M in Q1 2026.
How has Hess Midstream's income tax changed year-over-year?: Hess Midstream's income tax increased by 22.6% year-over-year, from $23M to $28.2M.
What is the long-term trend for Hess Midstream's income tax?: Over 4 years (2021 to 2025), Hess Midstream's income tax has grown at a 67.1% compound annual growth rate (CAGR), from $14.6M to $113.8M.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.