For the quarter ending 2026-03-31, HESM had $2,700K increase in cash & cash equivalents over the period. $224,500K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 157,700 | 168,000 | 175,500 | 341,100 |
| Depreciation expense | 58,500 | 54,200 | 56,600 | 103,300 |
| Income from equity investments | 3,200 | 3,300 | 5,200 | 7,400 |
| Distributions from equity investments | 4,700 | 6,300 | 5,500 | 9,600 |
| Amortization of deferred financing costs | 3,000 | 3,000 | 3,000 | 8,100 |
| Equity-based compensation expense | 200 | 200 | 800 | 600 |
| Deferred income tax expense | 28,200 | 30,100 | 31,600 | 52,000 |
| Accounts receivable - trade | 200 | 1,600 | -500 | 2,000 |
| Accounts receivable affiliate | 5,800 | -1,900 | 7,000 | 2,900 |
| Other current and noncurrent assets | -800 | -5,500 | 9,600 | -3,700 |
| Accounts payable trade | 5,400 | -15,500 | 8,000 | -23,500 |
| Accounts payable affiliate | 2,700 | -6,600 | -1,600 | -1,200 |
| Accrued liabilities | 10,500 | -700 | -1,500 | 8,600 |
| Other current and noncurrent liabilities | -9,200 | 4,100 | 2,300 | -10,700 |
| Net cash provided by operating activities | 253,300 | 245,600 | 258,900 | 479,300 |
| Additions to property, plant and equipment | 28,800 | 66,700 | 80,000 | 108,900 |
| Net cash used in investing activities | -28,800 | -66,700 | -80,000 | -108,900 |
| Net proceeds from (repayments of) borrowings with maturities of 90 days or less | 5,000 | -18,000 | 83,000 | 258,000 |
| Proceeds | 0 | 0 | 0 | 800,000 |
| Repayments | 7,500 | 7,500 | 5,000 | 810,000 |
| Deferred financing costs | 0 | 0 | 0 | 12,500 |
| Transaction costs | 600 | 200 | 1,100 | 1,600 |
| Share and unit repurchases | 60,000 | 0 | 100,000 | 300,000 |
| Distributions to shareholders/unitholders | 98,900 | 97,700 | 96,600 | 155,900 |
| Distributions to noncontrolling interest | 59,800 | 59,100 | 58,200 | 148,200 |
| Net cash used in financing activities | -221,800 | -182,500 | -177,900 | -370,200 |
| Increase in cash and cash equivalents | 2,700 | -3,600 | 1,000 | 200 |
| Cash and cash equivalents, beginning of period | 1,900 | 5,500 | 4,300 | - |
| Cash and cash equivalents, end of period | 4,600 | 1,900 | 5,500 | - |
Hess Midstream LP (HESM)
Hess Midstream LP (HESM)