Hess Midstream LP (HESM) Financials

NYSE:HESM

Market Cap

7.34B

Total Revenue

1.28B

Gross Profit

1.09B

Operating Income

615.20M

Net Income

620.60M

Metric	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
revenue	269,700,000	254,800,000	565,100,000	509,800,000	565,800,000	712,700,000	848,300,000	1,091,900,000	1,203,800,000	1,275,200,000
costOfRevenue	202,800,000	44,400,000	86,100,000	99,700,000	113,100,000	126,900,000	142,500,000	156,900,000	165,600,000	181,300,000
grossProfit	66,900,000	210,400,000	479,000,000	410,100,000	452,700,000	585,800,000	705,800,000	935,000,000	1,038,200,000	1,093,900,000
researchAndDevelopmentExpenses	--	--	--	--	--	--	--	--	--	--
sellingAndMarketingExpenses	--	--	--	--	--	--	--	--	--	--
generalAndAdministrativeExpenses	13,000,000	4,900,000	9,300,000	10,400,000	8,100,000	14,100,000	52,400,000	21,100,000	22,700,000	23,100,000
sellingGeneralAndAdministrativeExpenses	13,000,000	4,900,000	9,300,000	10,400,000	8,100,000	14,100,000	52,400,000	21,100,000	22,700,000	23,100,000
operatingExpenses	230,700,000	175,600,000	284,100,000	203,800,000	166,500,000	207,600,000	329,200,000	358,500,000	311,000,000	302,700,000
operatingIncome	-163,800,000	34,800,000	194,900,000	206,300,000	286,200,000	378,200,000	237,500,000	429,900,000	727,200,000	615,200,000
totalOtherIncomeExpensesNet	--	-1,900,000	-1,500,000	--	-1,400,000	600,000	80,100,000	62,200,000	-94,800,000	32,000,000
ebitda	-151,300,000	79,200,000	281,000,000	306,000,000	286,200,000	505,100,000	380,000,000	586,800,000	903,400,000	796,500,000
depreciationAndAmortization	12,500,000	44,400,000	86,100,000	99,700,000	113,100,000	126,900,000	142,500,000	156,900,000	176,200,000	181,300,000
interestIncome	--	--	--	--	--	--	--	--	--	--
interestExpense	--	1,900,000	1,500,000	--	1,400,000	53,300,000	62,400,000	94,700,000	105,400,000	149,300,000
incomeBeforeTax	-163,800,000	32,900,000	193,400,000	206,300,000	284,800,000	325,500,000	317,600,000	492,100,000	632,400,000	647,200,000
incomeTaxExpense	--	--	--	--	130,500,000	308,000,000	-100,000	7,300,000	14,600,000	26,600,000
netIncome	-163,800,000	32,900,000	193,400,000	206,300,000	41,200,000	70,800,000	317,700,000	484,800,000	617,800,000	620,600,000
eps	-3	0.6	3.54	3.76	0.75	1.3	7.01	26.93	24.13	15.03
epsdiluted	-3	0.6	3.54	3.76	0.75	1.29	7.01	26.78	24.04	14.99
weightedAverageShsOut	54,559,308	54,559,308	54,559,308	54,559,308	53,800,000	54,600,000	45,300,000	18,000,000	25,600,000	41,300,000
weightedAverageShsOutDil	54,559,308	54,559,308	54,559,308	54,559,308	53,800,000	54,700,000	45,300,000	18,100,000	25,700,000	41,400,000
costAndExpenses	433,500,000	220,000,000	370,200,000	303,500,000	279,600,000	334,500,000	471,700,000	515,400,000	476,600,000	484,000,000
otherExpenses	217,700,000	170,700,000	274,800,000	193,400,000	158,400,000	154,300,000	276,800,000	337,400,000	288,300,000	279,600,000

Key Facts

Industry

Oil & Gas Midstream

Sector

Energy

Headquarters

Houston, TX, US

Website

hessmidstream.com

CEO

Mr. John B. Hess

Employees

176

About the Company

Hess Midstream LP owns, develops, operates, and acquires midstream assets. The company operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and compression; crude oil gathering systems; and produced water gathering and disposal facilities. Its gathering systems consists of approximately 1,350 miles of high and low pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 450 million cubic feet per day; and crude oil gathering system comprises approximately 550 miles of crude oil gathering pipelines. The Processing and Storage segment comprises Tioga Gas Plant, a natural gas processing and fractionation plant located in Tioga, North Dakota; a 50% interest in the Little Missouri 4 gas processing plant located in south of the Missouri River in McKenzie County, North Dakota; and Mentor Storage Terminal, a propane storage cavern and rail, and truck loading and unloading facility located in Mentor, Minnesota. The Terminaling and Export segment owns Ramberg terminal facility; Tioga rail terminal; and crude oil rail cars, as well as Johnson's Corner Header System, a crude oil pipeline header system. Hess Midstream LP was founded in 2014 and is based in Houston, Texas.