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Hess Midstream HESM Total costs & expenses

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Segments

By segment

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Gathering$50.4M-7.9%
Processing And Storage$28M-8.5%
Terminaling And Export$7.5M-14.8%

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:CostsAndExpenses.

The source filing: Hess Midstream’s 10-Q, filed August 6, 2026. Open the filing →

Filed
Aug 6, 2026, 4:15 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-338055

FAQ

What is Hess Midstream's total costs & expenses?
Hess Midstream (HESM) reported total costs & expenses of $145.8M in Q2 2026.
How has Hess Midstream's total costs & expenses changed year-over-year?
Hess Midstream's total costs & expenses decreased by 5.3% year-over-year, from $154M to $145.8M.
What is the long-term trend for Hess Midstream's total costs & expenses?
Over 4 years (2021 to 2025), Hess Midstream's total costs & expenses has grown at a 6.5% compound annual growth rate (CAGR), from $476.6M to $613.2M.
What does total costs & expenses mean?
This metric represents the aggregate of all operating and non-operating costs incurred by the company to generate its revenue during a specific period. It encompasses direct costs of services, depreciation, and general administrative expenses necessary to maintain and operate midstream infrastructure assets. Monitoring this figure allows investors to evaluate the company's operational efficiency and cost management discipline relative to its fee-based service model.

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