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
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