Hess Midstream (HESM) Long-Term Deferred Tax (2019 - 2026)
Hess Midstream (HESM) recorded Long-Term Deferred Tax of $681.4 million in Q3 2026, down 15.2% from $804 million a year earlier and down 4.5% from the prior quarter.
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Analysis
Hess Midstream (HESM) Long-Term Deferred Tax (2019 - 2026) Analysis & Trends
At the end of FY2025, Hess Midstream reported Long-Term Deferred Tax of $773.9 million, up 32.8% from FY2024.
- Annual Long-Term Deferred Tax has increased for five straight years, with a five-year compound annual growth rate of 78.7% (FY2020 to FY2025).
- Across earlier years, Long-Term Deferred Tax came in at $582.6 million in FY2024 (+79.6%), $324.4 million in FY2023 (+83.1%), $177.2 million in FY2022 (+51.1%) and $117.3 million in FY2021 (+176.0%).
- The Q3 2026 figure is the lowest quarterly Long-Term Deferred Tax since Q4 2024.
- On a year-over-year basis, Long-Term Deferred Tax rose in six of the last eight quarters, with growth averaging 32.4%.
- Peak year-over-year performance for Long-Term Deferred Tax in the last five years was growth of 205.1% in Q2 2022, against a decline of 15.2% in Q3 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $713.5 million (Q2 2026), $744.6 million (Q1 2026) and $773.9 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enbridge | 106.26 Bn | 104.14 Bn | 4.35 Bn |
| 2 | Williams Companies | 86.41 Bn | 89.20 Bn | 2.59 Bn |
| 3 | Enterprise Products Partners | 82.58 Bn | 80.98 Bn | 14.00 Mn |
| 4 | Kinder Morgan | 71.13 Bn | 71.22 Bn | 2.97 Bn |
| 5 | Tc Energy | 67.40 Bn | 71.05 Bn | - |
| 6 | Energy Transfer | 66.89 Bn | 62.98 Bn | 6.57 Bn |
| 7 | Targa Resources | 63.77 Bn | 62.98 Bn | 2.02 Bn |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn |
| 10 | Hess Midstream | 3.97 Bn | 3.85 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 681.40 Mn |
| Jun 30, 2026 | 713.50 Mn |
| Mar 31, 2026 | 744.60 Mn |
| Dec 31, 2025 | 773.90 Mn |
| Sep 30, 2025 | 804.00 Mn |
| Jun 30, 2025 | 837.30 Mn |
| Mar 31, 2025 | 697.50 Mn |
| Dec 31, 2024 | 582.60 Mn |
| Sep 30, 2024 | 605.20 Mn |
| Jun 30, 2024 | 501.60 Mn |
| Mar 31, 2024 | 410.50 Mn |
| Dec 31, 2023 | 324.40 Mn |
| Sep 30, 2023 | 329.00 Mn |
| Jun 30, 2023 | 254.00 Mn |
| Mar 31, 2023 | 174.90 Mn |
| Dec 31, 2022 | 177.20 Mn |
| Sep 30, 2022 | 184.10 Mn |
| Jun 30, 2022 | 191.60 Mn |
| Mar 31, 2022 | 112.30 Mn |
| Dec 31, 2021 | 117.30 Mn |
API Access
Hess Midstream Long-Term Deferred Tax 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=long-term-deferred-tax&ticker=HESM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "long-term-deferred-tax", "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=long-term-deferred-tax&ticker=HESM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();