Hess Midstream (HESM) Deferred Taxes (2019 - 2026)
Hess Midstream (HESM) posted Deferred Taxes of $28.2 million for Q1 2026, down 6.31% on a QoQ basis from $30.1 million in Q4 2025, and up 23.14% year-on-year from $22.9 million in Q1 2025.
Hess Midstream (HESM) Deferred Taxes (2019 - 2026) Analysis & Trends
Hess Midstream has disclosed Deferred Taxes across 8 years of filings, most recently posting $28.2 million for Q1 2026.
- Deferred Taxes for Q1 2026 came in at $28.2 million, up 23.14% year-over-year; the trailing twelve-month figure through Mar 2026 was $119.0 million (up 48.19% YoY), and the FY2025 annual result was $113.7 million, up 58.8% from the prior year.
- Deferred Taxes came in at $28.2 million for Q1 2026 at Hess Midstream, down from $30.1 million in the prior quarter.
- Over the last five years, Deferred Taxes for HESM reached as high as $31.6 million in Q3 2025 and fell as low as $5.0 million in Q1 2022.
- Median Deferred Taxes over the past 5 years was $14.2 million (2024), compared with a mean of $16.4 million.
- Year-over-year, Deferred Taxes surged 141.94% in 2022 and advanced 14.08% in 2023.
- Over 5 years, Deferred Taxes stood at $7.0 million in 2022, then jumped by 71.43% to $12.0 million in 2023, then soared by 88.33% to $22.6 million in 2024, then jumped by 33.19% to $30.1 million in 2025, then slipped by 6.31% to $28.2 million in 2026.
- Per Business Quant, the three latest HESM Deferred Taxes figures stand at $28.2 million (Q1 2026), $30.1 million (Q4 2025), and $31.6 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 197.61 Mn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 281.00 Mn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 14.00 Mn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 93.00 Mn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 123.90 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | - |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 256.00 Mn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | - |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 97.00 Mn |
| 10 | Hess Midstream | 4.86 Bn | 4.85 Bn | - | 28.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.20 Mn |
| Dec 31, 2025 | 30.10 Mn |
| Sep 30, 2025 | 31.60 Mn |
| Jun 30, 2025 | 29.10 Mn |
| Mar 31, 2025 | 22.90 Mn |
| Dec 31, 2024 | 22.60 Mn |
| Sep 30, 2024 | 18.90 Mn |
| Jun 30, 2024 | 15.90 Mn |
| Mar 31, 2024 | 14.20 Mn |
| Dec 31, 2023 | 12.00 Mn |
| Sep 30, 2023 | 11.30 Mn |
| Jun 30, 2023 | 8.10 Mn |
| Mar 31, 2023 | 6.50 Mn |
| Dec 31, 2022 | 7.00 Mn |
| Sep 30, 2022 | 7.50 Mn |
| Jun 30, 2022 | 7.10 Mn |
| Mar 31, 2022 | 5.00 Mn |
| Dec 31, 2021 | 5.40 Mn |
| Sep 30, 2021 | 3.10 Mn |
| Jun 30, 2021 | 3.60 Mn |