Hess Midstream (HESM) Deferred Taxes (2020 - 2026)
Hess Midstream (HESM) reported Deferred Taxes of $31.1 million for Q2 2026, up 6.9% from $29.1 million a year earlier and up 10.3% from the prior quarter.
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Analysis
Hess Midstream (HESM) Deferred Taxes (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Hess Midstream's Deferred Taxes came in at $121 million, up 29.4% year-over-year; for FY2025, it was $113.7 million, up 58.8% from FY2024.
- Deferred Taxes has increased for five consecutive years, with a five-year compound annual growth rate of 73.2% (FY2020 to FY2025).
- By year, Deferred Taxes came in at $71.6 million in FY2024 (+88.9%), $37.9 million in FY2023 (+42.5%), $26.6 million in FY2022 (+82.2%) and $14.6 million in FY2021 (+100.0%).
- Five-year quarterly Deferred Taxes spans a low of $3.1 million in Q3 2021 and a high of $31.6 million in Q3 2025.
- Year over year, Deferred Taxes has now increased in each of the last 22 quarters, with growth averaging 53.8% over the last eight quarters.
- The year-over-year growth in Deferred Taxes has ranged between 6.9% (Q2 2026) and 157.1% (Q4 2021) over the last five years.
- Per Business Quant data, the three quarters before Q2 2026 came in at $28.2 million (Q1 2026), $30.1 million (Q4 2025) and $31.6 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 101.53 Bn | 99.08 Bn | 4.84 Bn | 133.02 Mn |
| 2 | Enterprise Products Partners | 76.92 Bn | 75.35 Bn | - | 5.00 Mn |
| 3 | Energy Transfer | 67.97 Bn | 61.41 Bn | 7.40 Bn | 74.00 Mn |
| 4 | Kinder Morgan | 67.10 Bn | 68.05 Bn | 3.07 Bn | 295.00 Mn |
| 5 | Tc Energy | 60.19 Bn | 63.26 Bn | 2.81 Bn | 160.49 Mn |
| 6 | Targa Resources | 57.97 Bn | 57.59 Bn | 2.14 Bn | 226.40 Mn |
| 7 | Mplx | 57.16 Bn | 50.72 Bn | 2.91 Bn | - |
| 8 | Cheniere Energy | 55.61 Bn | 55.74 Bn | 5.29 Bn | 312.00 Mn |
| 9 | Oneok | 53.75 Bn | 52.24 Bn | 2.81 Bn | 289.00 Mn |
| 10 | Hess Midstream | 4.80 Bn | 4.78 Bn | - | 31.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.10 Mn |
| 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 |
API Access
Hess Midstream Deferred Taxes API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=deferred-taxes&ticker=HESM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "deferred-taxes", "ticker": "HESM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=deferred-taxes&ticker=HESM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();