$HESM
Hess Midstream LP

2021 Q2 Form 10-Q Financial Statement

#000156459021039637 Filed on August 02, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $294.8M $269.8M
YoY Change 9.27% 41.78%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $68.80M $99.10M
YoY Change -30.58% 55.57%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $40.40M $38.90M
YoY Change 3.86% 9.89%
% of Gross Profit
Operating Expenses $109.2M $138.0M
YoY Change -20.87% 39.25%
Operating Profit $185.6M $131.8M
YoY Change 40.82% 44.52%
Interest Expense -$22.90M -$23.30M
YoY Change -1.72% 38.69%
% of Operating Profit -12.34% -17.68%
Other Income/Expense, Net
YoY Change
Pretax Income $165.6M $109.5M
YoY Change 51.23% 47.18%
Income Tax $3.600M $1.700M
% Of Pretax Income 2.17% 1.55%
Net Earnings $11.00M $5.300M
YoY Change 107.55% -68.45%
Net Earnings / Revenue 3.73% 1.96%
Basic Earnings Per Share
Diluted Earnings Per Share $438.2K $292.8K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.800M $2.500M
YoY Change 52.0% -83.22%
Cash & Equivalents $3.800M $2.500M
Short-Term Investments
Other Short-Term Assets $1.400M $500.0K
YoY Change 180.0% -54.55%
Inventory
Prepaid Expenses
Receivables $105.2M $84.60M
Other Receivables $0.00 $300.0K
Total Short-Term Assets $110.4M $87.90M
YoY Change 25.6% 15.51%
LONG-TERM ASSETS
Property, Plant & Equipment $3.101B $3.069B
YoY Change 1.05% 11.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $102.5M $107.6M
YoY Change -4.74% 19.16%
Other Assets $71.90M $12.00M
YoY Change 499.17% 471.43%
Total Long-Term Assets $3.276B $3.236B
YoY Change 1.25% 13.54%
TOTAL ASSETS
Total Short-Term Assets $110.4M $87.90M
Total Long-Term Assets $3.276B $3.236B
Total Assets $3.386B $3.324B
YoY Change 1.89% 13.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $43.80M $58.30M
YoY Change -24.87% 21.71%
Accrued Expenses $62.70M $89.30M
YoY Change -29.79% 114.66%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $15.00M $5.000M
YoY Change 200.0%
Total Short-Term Liabilities $127.0M $157.8M
YoY Change -19.52% 67.69%
LONG-TERM LIABILITIES
Long-Term Debt $1.817B $1.823B
YoY Change -0.3%
Other Long-Term Liabilities $23.50M $15.90M
YoY Change 47.8% 9.66%
Total Long-Term Liabilities $1.841B $1.839B
YoY Change 0.12% 12580.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $127.0M $157.8M
Total Long-Term Liabilities $1.841B $1.839B
Total Liabilities $3.202B $1.996B
YoY Change 60.41% -17.37%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $184.0M $128.2M
YoY Change
Total Liabilities & Shareholders Equity $3.386B $3.324B
YoY Change 1.89% 13.59%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $11.00M $5.300M
YoY Change 107.55% -68.45%
Depreciation, Depletion And Amortization $40.40M $38.90M
YoY Change 3.86% 9.89%
Cash From Operating Activities $224.6M $177.4M
YoY Change 26.61% 18.9%
INVESTING ACTIVITIES
Capital Expenditures -$26.00M -$69.00M
YoY Change -62.32% 15.19%
Acquisitions
YoY Change
Other Investing Activities $0.00 $100.0K
YoY Change -100.0% -100.63%
Cash From Investing Activities -$26.00M -$68.90M
YoY Change -62.26% -9.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -196.3M -109.1M
YoY Change 79.93% 74.56%
NET CHANGE
Cash From Operating Activities 224.6M 177.4M
Cash From Investing Activities -26.00M -68.90M
Cash From Financing Activities -196.3M -109.1M
Net Change In Cash 2.300M -600.0K
YoY Change -483.33% -105.56%
FREE CASH FLOW
Cash From Operating Activities $224.6M $177.4M
Capital Expenditures -$26.00M -$69.00M
Free Cash Flow $250.6M $246.4M
YoY Change 1.7% 17.84%

Facts In Submission

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us-gaap Net Income Loss
NetIncomeLoss
11800000
us-gaap Depreciation
Depreciation
77400000
hesm Proportional Share Of Equity Affiliates Depreciation
ProportionalShareOfEquityAffiliatesDepreciation
2500000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3600000
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-48100000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3400000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
100000
hesm Income Loss From Continuing Operations Before Interest Income Taxes Depreciation And Amortization
IncomeLossFromContinuingOperationsBeforeInterestIncomeTaxesDepreciationAndAmortization
368100000
us-gaap Property Plant And Equipment Gross Period Increase Decrease
PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease
135800000
CY2021Q2 us-gaap Assets
Assets
3386400000
CY2020Q4 us-gaap Assets
Assets
3374500000

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