Revenue
399 million USD
2026 Q2 · USD
Exact inputs and evidence
- Revenue: 399000000 USD Source
Annual consolidated revenue for 2025: about USD 1.621B, using the latest reported figures. The previous period, 2024, was about USD 1.496B.
399 million USD
2026 Q2 · USD
63.46%
2026 Q2 · %
279 million USD
2026 Q2 · USD
256 million USD
2026 Q2 · USD
5000000 USD
3680000000 USD
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
1.61 billion USD
2025-07-01 – 2026-06-30
375 million USD
2025-07-01 – 2026-06-30
1.04 billion USD
2025-07-01 – 2026-06-30
199 million USD
2025-07-01 – 2026-06-30
838 million USD
2025-07-01 – 2026-06-30
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-10-30.
Financial data available through: 2025-12-31.
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Prior period
USD 1.5 billion
–
Current period
USD 1.62 billion
–
1621300000 − 1495500000 = 125800000 USD
1495500000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source1621300000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceThe citation records this snapshot. The page link may show a newer release later.
Prior period
USD 223.1 million
–
Current period
USD 352.9 million
–
352900000 − 223100000 = 129800000 USD
223100000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source352900000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceThe citation records this snapshot. The page link may show a newer release later.
Prior period
USD 940.3 million
–
Current period
USD 983.8 million
–
983800000 − 940300000 = 43500000 USD
940300000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source983800000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceThe citation records this snapshot. The page link may show a newer release later.
Prior period
USD 306.1 million
–
Current period
USD 255.6 million
–
255600000 − 306100000 = -50500000 USD
306100000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source255600000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceThe citation records this snapshot. The page link may show a newer release later.
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2017 2017-01-01 – 2017-12-31 | 579500000 | 316400000 Derived | 263100000 | 221900000 Derived | 41200000 | 192300000 Derived | Source
|
| 2018 2018-01-01 – 2018-12-31 | 712700000 | 334500000 Derived | 378200000 | 307400000 Derived | 70800000 | 225000000 Derived | Source
|
| 2019 2019-01-01 – 2019-12-31 | 848300000 | 471700000 Derived | 376600000 | 306500000 Derived | 70100000 | 164300000 Derived | Source
|
| 2020 2020-01-01 – 2020-12-31 | 1091900000 | 515400000 Derived | 576500000 | 552500000 Derived | 24000000 | 340600000 Derived | Source
|
| 2021 2021-01-01 – 2021-12-31 | 1203800000 | 476600000 Derived | 727200000 | 680800000 Derived | 46400000 | 632300000 Derived | Source
|
| 2022 2022-01-01 – 2022-12-31 | 1275200000 | 484000000 Derived | 791200000 | 707300000 Derived | 83900000 | 622900000 Derived | Source
|
| 2023 2023-01-01 – 2023-12-31 | 1348600000 | 531700000 Derived | 816900000 | 698300000 Derived | 118600000 | 642900000 Derived | Source
|
| 2024 2024-01-01 – 2024-12-31 | 1495500000 | 576500000 Derived | 919000000 | 695900000 Derived | 223100000 | 634200000 Derived | Source
|
| 2025 2025-01-01 – 2025-12-31 | 1621300000 | 613200000 Derived | 1008100000 | 655200000 Derived | 352900000 | 728200000 Derived | Source
|
Amounts are exact, in USD.
Sales over time and how quickly they are changing.
Revenue reported for each complete financial period.
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2017 | Revenue | 579500000 |
|
| 2018 | Revenue | 712700000 |
|
| 2019 | Revenue | 848300000 |
|
| 2020 | Revenue | 1091900000 |
|
| 2021 | Revenue | 1203800000 |
|
| 2022 | Revenue | 1275200000 |
|
| 2023 | Revenue | 1348600000 |
|
| 2024 | Revenue | 1495500000 |
|
| 2025 | Revenue | 1621300000 |
|
Change in revenue from the same financial period one year earlier.
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2017 | Year over year | No prior comparable period |
|
| 2018 | Year over year | 23% |
|
| 2019 | Year over year | 19% |
|
| 2020 | Year over year | 28.7% |
|
| 2021 | Year over year | 10.2% |
|
| 2022 | Year over year | 5.9% |
|
| 2023 | Year over year | 5.8% |
|
| 2024 | Year over year | 10.9% |
|
| 2025 | Year over year | 8.4% |
|
How much revenue becomes profit, and how much cash operations generate.
Operating income, net income and free cash flow as a share of revenue.
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2017 | Operating margin | 45.4% |
|
| 2018 | Operating margin | 53.1% |
|
| 2019 | Operating margin | 44.4% |
|
| 2020 | Operating margin | 52.8% |
|
| 2021 | Operating margin | 60.4% |
|
| 2022 | Operating margin | 62% |
|
| 2023 | Operating margin | 60.6% |
|
| 2024 | Operating margin | 61.5% |
|
| 2025 | Operating margin | 62.2% |
|
| 2017 | Net margin | 7.1% |
|
| 2018 | Net margin | 9.9% |
|
| 2019 | Net margin | 8.3% |
|
| 2020 | Net margin | 2.2% |
|
| 2021 | Net margin | 3.9% |
|
| 2022 | Net margin | 6.6% |
|
| 2023 | Net margin | 8.8% |
|
| 2024 | Net margin | 14.9% |
|
| 2025 | Net margin | 21.8% |
|
| 2017 | Free cash flow margin | 33.2% |
|
| 2018 | Free cash flow margin | 31.6% |
|
| 2019 | Free cash flow margin | 19.4% |
|
| 2020 | Free cash flow margin | 31.2% |
|
| 2021 | Free cash flow margin | 52.5% |
|
| 2022 | Free cash flow margin | 48.8% |
|
| 2023 | Free cash flow margin | 47.7% |
|
| 2024 | Free cash flow margin | 42.4% |
|
| 2025 | Free cash flow margin | 44.9% |
|
Cash generated by the company’s normal business operations.
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2017 | Operating cash flow | 336500000 |
|
| 2018 | Operating cash flow | 466900000 |
|
| 2019 | Operating cash flow | 470700000 |
|
| 2020 | Operating cash flow | 641700000 |
|
| 2021 | Operating cash flow | 795500000 |
|
| 2022 | Operating cash flow | 861100000 |
|
| 2023 | Operating cash flow | 866400000 |
|
| 2024 | Operating cash flow | 940300000 |
|
| 2025 | Operating cash flow | 983800000 |
|
Operating cash flow minus capital expenditure for the same period and unit.
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2017 | Free cash flow | 192300000 |
|
| 2018 | Free cash flow | 225000000 |
|
| 2019 | Free cash flow | 164300000 |
|
| 2020 | Free cash flow | 340600000 |
|
| 2021 | Free cash flow | 632300000 |
|
| 2022 | Free cash flow | 622900000 |
|
| 2023 | Free cash flow | 642900000 |
|
| 2024 | Free cash flow | 634200000 |
|
| 2025 | Free cash flow | 728200000 |
|
Liabilities and short-term ability to meet obligations at each period end.
Total liabilities as a share of total assets.
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2017-12-31 | Liabilities / assets | Not reported | No source recorded |
| 2018 | Liabilities / assets | 37.3% |
|
| 2019 | Liabilities / assets | 59.4% |
|
| 2020 | Liabilities / assets | 60.7% |
|
| 2021 | Liabilities / assets | 78.4% |
|
| 2022 | Liabilities / assets | 85.3% |
|
| 2023 | Liabilities / assets | 90.4% |
|
| 2024 | Liabilities / assets | 88.8% |
|
| 2025 | Liabilities / assets | 90% |
|
Current assets divided by current liabilities.
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2017-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2018 | Current assets / current liabilities | 1.31× |
|
| 2019 | Current assets / current liabilities | 0.54× |
|
| 2020 | Current assets / current liabilities | 0.81× |
|
| 2021 | Current assets / current liabilities | 0.78× |
|
| 2022 | Current assets / current liabilities | 0.83× |
|
| 2023 | Current assets / current liabilities | 0.65× |
|
| 2024 | Current assets / current liabilities | 0.68× |
|
| 2025 | Current assets / current liabilities | 0.85× |
|
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2017 2017-01-01 – 2017-12-31 | USD 41.2 million Exact valueExact value: 41200000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 336.5 million Exact valueExact value: 336500000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 144.2 million Exact valueExact value: 144200000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 192.3 million Calculation and evidence336500000 − 144200000 USD Exact free cash flow: 192300000 USD
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| 2018 2018-01-01 – 2018-12-31 | USD 70.8 million Exact valueExact value: 70800000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 466.9 million Exact valueExact value: 466900000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 241.9 million Exact valueExact value: 241900000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 225 million Calculation and evidence466900000 − 241900000 USD Exact free cash flow: 225000000 USD
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| 2019 2019-01-01 – 2019-12-31 | USD 70.1 million Exact valueExact value: 70100000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 470.7 million Exact valueExact value: 470700000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 306.4 million Exact valueExact value: 306400000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 164.3 million Calculation and evidence470700000 − 306400000 USD Exact free cash flow: 164300000 USD
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| 2020 2020-01-01 – 2020-12-31 | USD 24 million Exact valueExact value: 24000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 641.7 million Exact valueExact value: 641700000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 301.1 million Exact valueExact value: 301100000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 340.6 million Calculation and evidence641700000 − 301100000 USD Exact free cash flow: 340600000 USD
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| 2021 2021-01-01 – 2021-12-31 | USD 46.4 million Exact valueExact value: 46400000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 795.5 million Exact valueExact value: 795500000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 163.2 million Exact valueExact value: 163200000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 632.3 million Calculation and evidence795500000 − 163200000 USD Exact free cash flow: 632300000 USD
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| 2022 2022-01-01 – 2022-12-31 | USD 83.9 million Exact valueExact value: 83900000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 861.1 million Exact valueExact value: 861100000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 238.2 million Exact valueExact value: 238200000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 622.9 million Calculation and evidence861100000 − 238200000 USD Exact free cash flow: 622900000 USD
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| 2023 2023-01-01 – 2023-12-31 | USD 118.6 million Exact valueExact value: 118600000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 866.4 million Exact valueExact value: 866400000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 223.5 million Exact valueExact value: 223500000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 642.9 million Calculation and evidence866400000 − 223500000 USD Exact free cash flow: 642900000 USD
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| 2024 2024-01-01 – 2024-12-31 | USD 223.1 million Exact valueExact value: 223100000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 940.3 million Exact valueExact value: 940300000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 306.1 million Exact valueExact value: 306100000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 634.2 million Calculation and evidence940300000 − 306100000 USD Exact free cash flow: 634200000 USD
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| 2025 2025-01-01 – 2025-12-31 | USD 352.9 million Exact valueExact value: 352900000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 983.8 million Exact valueExact value: 983800000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 255.6 million Exact valueExact value: 255600000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 728.2 million Calculation and evidence983800000 − 255600000 USD Exact free cash flow: 728200000 USD
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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
32 filings · 2,367 latest values · 2,367 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001789832, 1789832, HESM, edgar:1789832
Also known as Hess Midstream LP