Hess Midstream (HESM) Tax Provisions (2020 - 2026)

Hess Midstream (HESM) posted Tax Provisions of $28.2 million for Q1 2026, up 133.81% on a QoQ basis from -$83.4 million in Q4 2025, and up 22.61% year-on-year from $23.0 million in Q1 2025.

Hess Midstream (HESM) Tax Provisions (2020 - 2026) Analysis & Trends

Hess Midstream has disclosed Tax Provisions across 7 years of filings, most recently posting $28.2 million for Q1 2026.

  • Tax Provisions for Q1 2026 came in at $28.2 million, up 22.61% year-over-year; the trailing twelve-month figure through Mar 2026 was $5.4 million (down 74.53% YoY), and the FY2025 annual result was $200000.0, down 98.4% from the prior year.
  • Tax Provisions came in at $28.2 million for Q1 2026 at Hess Midstream, up from -$83.4 million in the prior quarter.
  • Over the last five years, Tax Provisions for HESM reached as high as $31.5 million in Q3 2025 and fell as low as -$83.4 million in Q4 2025.
  • Median Tax Provisions over the past 5 years was $11.4 million (2023), compared with a mean of $4.6 million.
  • Year-over-year, Tax Provisions sank 461.11% in 2022 and soared 161.03% in 2023.
  • Over 5 years, Tax Provisions stood at -$19.5 million in 2022, then soared by 161.03% to $11.9 million in 2023, then slumped by 408.4% to -$36.7 million in 2024, then slumped by 127.25% to -$83.4 million in 2025, then soared by 133.81% to $28.2 million in 2026.
  • Per Business Quant, the three latest HESM Tax Provisions figures stand at $28.2 million (Q1 2026), -$83.4 million (Q4 2025), and $31.5 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 428.04 Mn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 287.00 Mn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 22.00 Mn
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 135.00 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 1.00 Mn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 245.00 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 111.00 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 -83.40 Mn
Sep 30, 2025 31.50 Mn
Jun 30, 2025 29.10 Mn
Mar 31, 2025 23.00 Mn
Dec 31, 2024 -36.70 Mn
Sep 30, 2024 18.90 Mn
Jun 30, 2024 16.00 Mn
Mar 31, 2024 14.30 Mn
Dec 31, 2023 11.90 Mn
Sep 30, 2023 11.40 Mn
Jun 30, 2023 8.10 Mn
Mar 31, 2023 6.50 Mn
Dec 31, 2022 -19.50 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