HESM: the cashflow

MyFinsight

For the quarter ending 2025-09-30, HESM had $1,000K increase in cash & cash equivalents over the period. $178,900K in free cash flow.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Cash Flow	2025-09-30	2025-06-30
Net income	175,500	341,100
Depreciation expense	56,600	103,300
Income from equity investments	5,200	7,400
Distributions from equity investments	5,500	9,600
Amortization of deferred financing costs	3,000	8,100
Equity-based compensation expense	800	600
Deferred income tax expense	31,600	52,000
Accounts receivable - trade	-500	2,000
Accounts receivable affiliate	7,000	2,900
Other current and noncurrent assets	9,600	-3,700
Accounts payable trade	8,000	-23,500
Accounts payable affiliate	-1,600	-1,200
Accrued liabilities	-1,500	8,600
Other current and noncurrent liabilities	2,300	-10,700
Net cash provided by operating activities	258,900	479,300
Additions to property, plant and equipment	80,000	108,900
Net cash used in investing activities	-80,000	-108,900
Net proceeds from (repayments of) borrowings with maturities of 90 days or less	83,000	258,000
Proceeds	0	800,000
Repayments	5,000	810,000
Deferred financing costs	0	12,500
Transaction costs	1,100	1,600
Share and unit repurchases	100,000	300,000
Distributions to shareholders/unitholders	96,600	155,900
Distributions to noncontrolling interest	58,200	148,200
Net cash used in financing activities	-177,900	-370,200
Increase in cash and cash equivalents	1,000	200
Cash and cash equivalents at beginning of period	4,300	-
Cash and cash equivalents at end of period	5,500	-

Unit: Thousand (K) dollars