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Hess Midstream LP (HESM)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Jun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21Mar-31-21Dec-31-20
   10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K
Total revenues   1,245.31,227.11,203.81,154.01,114.81,089.81,091.8
            Revenue growth   11.7%12.6%10.3%7.0%8.4%14.9%28.8%
Cost of goods sold   496.1487.2476.6472.0454.9440.7426.3
Gross profit   749.2739.9727.2682.0659.9649.1665.5
            Gross margin   60.2%60.3%60.4%59.1%59.2%59.6%61.0%
Selling, general and administrative   [+]   -116.4   -100.1
Other operating expenses     116.4   111.7
EBITDA   [+]    601.4   
            EBITDA margin   53.7%53.7%53.7%52.1%52.3%52.0%53.0%
Depreciation and amortization      -80.6   
EBIT   [+] 749.2739.9727.2682.0659.9605.3578.3
            EBIT margin   60.2%60.3%60.4%59.1%59.2%55.5%53.0%
Other income (expense), net   -121.0-105.0-94.8-85.7-80.2-58.3-37.9
Pre-tax income   628.2634.9632.4596.3579.7523.6492.2
Income taxes   20.617.114.611.310.08.17.3
            Tax rate   3.3%2.7%2.3%1.9%1.7%1.5%1.5%
Net income   65.754.746.436.131.826.124.0
            Net margin   5.3%4.5%3.9%3.1%2.9%2.4%2.2%
   
Basic EPS   [+] $2.05$2.00$1.96$1.65$1.58$1.42$1.33
Diluted EPS   [+] $2.05$1.99$1.95$1.65$1.58$1.42$1.33
   
Dividends per share   [+]    $2.37   
   
Shares outstanding (basic)   [+] 32.027.323.721.820.118.318.0
Shares outstanding (diluted)   [+] 32.127.423.821.920.218.418.1
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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