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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›HESM›Financials
Annual statements · SEC XBRL · FY2017 – FY2025

Hess Midstream LP (HESM) financials

Income statement

Hess Midstream LP (HESM) income statement, annual, from SEC filings
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$580M$713M$848M$1.09B$1.20B$1.28B$1.35B$1.50B$1.62B
Revenue growth—23.0%19.0%28.7%10.2%5.9%5.8%10.9%8.4%
Operating income$263M$378M$377M$577M$727M$791M$817M$919M$1.01B
Operating margin45.4%53.1%44.4%52.8%60.4%62.0%60.6%61.5%62.2%
Net income$41.2M$70.8M$70.1M$24.0M$46.4M$83.9M$119M$223M$353M
Net margin7.1%9.9%8.3%2.2%3.9%6.6%8.8%14.9%21.8%

Cash flow

Hess Midstream LP (HESM) cash flow, annual, from SEC filings
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$337M$467M$471M$642M$796M$861M$866M$940M$984M
Capital expenditures$144M$242M$306M$301M$163M$238M$224M$306M$256M
Free cash flow$192M$225M$164M$341M$632M$623M$643M$634M$728M
Share buybacks————$750M$400M$400M$300M$400M

Balance sheet

Hess Midstream LP (HESM) balance sheet, annual, from SEC filings
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents—$109M$3.30M$2.60M$2.20M$3.10M$5.40M$4.30M$1.90M
Total assets—$2.99B$3.28B$3.37B$3.49B$3.59B$3.79B$4.15B$4.39B
Total liabilities—$1.12B$1.95B$2.05B$2.73B$3.06B$3.43B$3.69B$3.95B
Long-term debt—$970M$1.75B$1.90B$2.54B$2.88B$3.20B$3.45B$3.74B

Every figure is extracted from Hess Midstream LP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Hess Midstream LP's annual revenue?
Hess Midstream LP (HESM) reported $1.62B of revenue for fiscal year 2025 — up 8.4% from $1.50B in FY2024, per its annual report filed with the SEC.
Is Hess Midstream LP profitable?
Yes — HESM earned $353M of net income in FY2025, a 21.8% net margin, per SEC filings.
What is Hess Midstream LP's free cash flow?
$728M in FY2025 (operating cash flow $984M minus $256M of capital expenditures), from the SEC cash-flow statement.
Does HESM pay a dividend?
Hess Midstream LP reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full HESM analysis — verdict, score & filings →Is HESM a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.