HESM Income Statement - TTM - Hess Midstream LP

Income Statement (TTM)

Hess Midstream LP Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.

All numbers are times 1,000,000 except per share units.

	2020 09-30	2020 12-31	2021 03-31	2021 06-30	2021 09-30	2021 12-31	2022 03-31	2022 06-30	2022 09-30	2022 12-31	2023 03-31	2023 06-30	2023 09-30	2023 12-31	2024 03-31	2024 06-30	2024 09-30	2024 12-31	2025 03-31	2025 06-30
Revenue	1,079	1,092	1,090	1,115	1,154	1,204	1,227	1,246	1,277	1,275	1,268	1,278	1,307	1,349	1,399	1,441	1,456	1,496	1,522	1,571
Change (%)		1.20	-0.18	2.29	3.51	4.32	1.96	1.52	2.48	-0.13	-0.58	0.84	2.21	3.21	3.75	2.97	1.07	2.71	1.77	3.20
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

Cost Of Sales	364	337	305	274	288	288	295	299	281	280	276	281	291	313	329	343	343	347	355	361
Change (%)		-7.18	-9.51	-10.28	5.18	0.07	2.32	1.42	-6.18	-0.39	-1.43	1.92	3.49	7.67	4.98	4.38	-0.12	1.37	2.16	1.86
% of Revenue	33.69	30.90	28.01	24.57	24.97	23.95	24.03	24.01	21.98	21.93	21.74	21.97	22.25	23.21	23.48	23.81	23.53	23.22	23.31	23.01

Gross Operating Profit	715	754	785	841	866	916	932	947	996	996	992	998	1,016	1,036	1,071	1,098	1,114	1,148	1,167	1,209
Change (%)		5.47	3.99	7.19	2.96	5.73	1.85	1.54	5.22	-0.06	-0.34	0.53	1.85	1.93	3.38	2.53	1.44	3.12	1.65	3.61
% of Revenue	66.31	69.10	71.99	75.43	75.03	76.05	75.97	75.99	78.02	78.07	78.26	78.03	77.75	76.79	76.52	76.19	76.47	76.78	76.69	76.99

SG&A	23	21	20	21	22	23	22	22	23	23	24	24	24	26	26	25	25	26	28	31
Change (%)		-7.05	-6.16	5.56	4.31	4.13	-1.32	0.45	2.67	0.00	1.73	2.13	1.25	7.82	-2.67	-2.35	1.20	3.57	6.90	10.39
% of Revenue	2.10	1.93	1.82	1.87	1.89	1.89	1.82	1.81	1.81	1.81	1.85	1.88	1.86	1.94	1.82	1.73	1.73	1.75	1.83	1.96

R&D
Change (%)
% of Revenue

OpEx	541	515	484	455	472	477	487	496	482	484	483	491	504	532	549	566	570	576	588	598
Change (%)		-4.66	-6.15	-5.95	3.76	0.97	2.22	1.83	-2.80	0.37	-0.12	1.61	2.50	5.60	3.25	3.15	0.65	1.14	1.91	1.84
% of Revenue	50.11	47.20	44.38	40.80	40.90	39.59	39.69	39.82	37.76	37.95	38.13	38.42	38.53	39.43	39.24	39.31	39.15	38.55	38.60	38.09

Operating Income	538	576	606	660	682	727	740	750	795	791	784	787	803	817	850	874	886	919	934	972
Change (%)		7.10	5.15	8.87	3.33	6.63	1.79	1.31	5.97	-0.44	-0.86	0.36	2.03	1.71	4.08	2.85	1.34	3.71	1.68	4.06
% of Revenue	49.89	52.80	55.62	59.20	59.10	60.41	60.31	60.18	62.24	62.05	61.87	61.58	61.47	60.57	60.76	60.69	60.85	61.45	61.40	61.91

Interest Expense	-90	-95	-93	-93	-97	-105	-114	-128	-140	-149	-160	-166	-172	-179	-186	-192	-198	-202	-210	-216
Change (%)		5.81	-1.80	-0.43	5.18	8.21	7.78	12.76	9.29	6.64	6.90	4.01	3.55	4.13	3.85	3.17	3.13	2.22	3.91	2.71
% of Revenue	-8.30	-8.67	-8.53	-8.31	-8.44	-8.76	-9.26	-10.28	-10.96	-11.71	-12.59	-12.98	-13.16	-13.27	-13.29	-13.31	-13.58	-13.52	-13.81	-13.74

Net Income	33	24	26	32	36	46	55	66	79	84	88	91	103	119	142	167	190	223	250	291
Change (%)		-27.71	8.75	21.84	13.52	28.53	17.89	20.11	20.24	6.20	4.53	3.53	13.33	15.26	20.15	17.12	13.96	17.30	12.10	16.31
% of Revenue	3.08	2.20	2.39	2.85	3.13	3.85	4.46	5.27	6.19	6.58	6.92	7.10	7.87	8.79	10.18	11.58	13.06	14.92	16.43	18.52

Source: Capital IQ

Hess Midstream LP - Income Statement (TTM)

Income Statement (TTM)