Hess Midstream (HESM) Deferred Taxes (2019 - 2026)
Hess Midstream (HESM) recorded quarterly Deferred Taxes of $28.2 million in Q1 2026, down 6.31% quarter-over-quarter from $30.1 million in Q4 2025, and up 23.14% on a YoY basis from $22.9 million in Q1 2025.
Hess Midstream (HESM) Deferred Taxes (2019 - 2026) Analysis & Trends
Hess Midstream's Deferred Taxes history runs 8 years deep, the most recent figure standing at $28.2 million for Q1 2026.
- In Q1 2026, Deferred Taxes rose 23.14% year-over-year to $28.2 million; the TTM figure through Mar 2026 stood at $119.0 million (up 48.19% YoY), while the FY2025 annual figure was $113.7 million, up 58.8% from the prior year.
- Deferred Taxes was $28.2 million for Q1 2026 at Hess Midstream, down from $30.1 million in the prior quarter.
- In the past five years, Deferred Taxes ranged from a high of $31.6 million in Q3 2025 to a low of $5.0 million in Q1 2022.
- Historically, Deferred Taxes has averaged $16.4 million across 5 years, with a median of $14.2 million in 2024.
- The sharpest annual moves came in 2022 and 2023: Deferred Taxes jumped 141.94% in 2022, then gained 14.08% in 2023.
- A 5-year view of Deferred Taxes shows it 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.
- The last three Deferred Taxes figures came in at $28.2 million (Q1 2026), $30.1 million (Q4 2025), and $31.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 197.61 Mn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 14.00 Mn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 281.00 Mn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 93.00 Mn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | - |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 123.90 Mn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 256.00 Mn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 86.05 Mn |
| 10 | Hess Midstream | 4.98 Bn | 4.97 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 |