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
DateValue
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