HESM
Hess Midstream Partners LP
NYSE: HESM · ENERGY · OIL & GAS MIDSTREAM
$38.17
-1.14% today
Updated 2026-05-08
Market cap
$8.05B
P/E ratio
13.36
P/S ratio
4.94x
EPS (TTM)
$2.89
Dividend yield
8.11%
52W range
$30 – $41
Volume
2.0M
Hess Midstream Partners LP (HESM) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $169.70M | $269.70M | $254.80M | $565.10M | $509.80M | $565.80M | $712.00M | $847.60M | $1.09B | $1.20B | $1.27B | $1.35B | $1.49B | $1.62B |
| Revenue growth (YoY) | — | +58.9% | -5.5% | +121.8% | -9.8% | +11.0% | +25.8% | +19.0% | +28.8% | +10.3% | +5.8% | +5.7% | +10.8% | +8.7% |
| Cost of revenue | $101.70M | $202.80M | $44.40M | $86.10M | $99.70M | $113.10M | $126.90M | $142.50M | $156.90M | $165.60M | $181.30M | $192.50M | $203.10M | $584.70M |
| Gross profit | $68.00M | $66.90M | $210.40M | $479.00M | $410.10M | $452.70M | $585.10M | $705.10M | $934.70M | $1.04B | $1.09B | $1.15B | $1.29B | $1.04B |
| Gross margin | 40.1% | 24.8% | 82.6% | 84.8% | 80.4% | 80.0% | 82.2% | 83.2% | 85.6% | 86.2% | 85.8% | 85.7% | 86.4% | 63.9% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $11.60M | $13.00M | $4.90M | $9.30M | $10.40M | $8.10M | $14.10M | $52.40M | $21.10M | $22.70M | $23.10M | $26.20M | $26.10M | $28.50M |
| Operating income | $-73.90M | $-163.80M | $34.80M | $194.90M | $206.30M | $286.20M | $378.20M | $376.60M | $576.50M | $727.20M | $791.20M | $816.90M | $919.00M | $1.01B |
| Operating margin | -43.5% | -60.7% | 13.7% | 34.5% | 40.5% | 50.6% | 53.1% | 44.4% | 52.8% | 60.4% | 62.1% | 60.7% | 61.6% | 62.2% |
| EBITDA | $-59.60M | $-151.30M | $79.20M | $281.00M | $306.00M | $399.30M | $505.70M | $522.50M | $743.60M | $903.40M | $977.80M | $1.02B | $1.14B | $1.24B |
| EBITDA margin | -35.1% | -56.1% | 31.1% | 49.7% | 60.0% | 70.6% | 71.0% | 61.6% | 68.1% | 75.0% | 76.8% | 75.6% | 76.2% | 76.4% |
| EBIT | $-73.90M | $-163.80M | $34.80M | $194.90M | $206.30M | $286.20M | $378.80M | $380.00M | $586.70M | $737.80M | $796.50M | $824.60M | $933.00M | $1.02B |
| Interest expense | $0.00 | $0.00 | $1.90M | $1.50M | $1.40M | $1.40M | $53.30M | $62.40M | $94.70M | $105.40M | $149.30M | $179.00M | $202.20M | $225.60M |
| Income tax | — | — | $0.00 | $0.00 | $-1.40M | $130.50M | $308.00M | $-100000.00 | $7.10M | $14.60M | $26.60M | $37.90M | $71.80M | $113.80M |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | -0.7% | 76.0% | 81.7% | -0.1% | 22.8% | 23.9% | 24.1% | 24.2% | 24.3% | 24.4% |
| Net income | $-73.90M | $-163.80M | $32.90M | $193.40M | $204.90M | $41.20M | $69.10M | $70.10M | $24.00M | $46.40M | $83.90M | $118.60M | $223.10M | $352.90M |
| Net income growth (YoY) | — | -121.7% | +120.1% | +487.8% | +5.9% | -79.9% | +67.7% | +1.4% | -65.8% | +93.3% | +80.8% | +41.4% | +88.1% | +58.2% |
| Profit margin | -43.5% | -60.7% | 12.9% | 34.2% | 40.2% | 7.3% | 9.7% | 8.3% | 2.2% | 3.9% | 6.6% | 8.8% | 15.0% | 21.8% |