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Hess Midstream HESM Operating Income

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Other financials

Income statement

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Revenue$399.0M-3.7%
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:OperatingIncomeLoss.

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
Depreciation expense54.451.8112.9103.3
General and administrative expenses5.58.113.415.6
Total operating costs and expenses145.8154.0297.8298.6
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

Item 1. Financial Statements

FAQ

What is Hess Midstream's operating income?
Hess Midstream (HESM) reported operating income of $253.2M in Q2 2026.
How has Hess Midstream's operating income changed year-over-year?
Hess Midstream's operating income decreased by 2.7% year-over-year, from $260.2M to $253.2M.
What is the long-term trend for Hess Midstream's operating income?
Over 4 years (2021 to 2025), Hess Midstream's operating income has grown at a 8.5% compound annual growth rate (CAGR), from $727.2M to $1.01B.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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