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

Hess Midstream (HESM) recorded quarterly Tax Provisions of $28.2 million in Q1 2026, up 133.81% quarter-over-quarter from -$83.4 million in Q4 2025, and up 22.61% on a YoY basis from $23.0 million in Q1 2025.

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

Hess Midstream's Tax Provisions history runs 7 years deep, the most recent figure standing at $28.2 million for Q1 2026.

  • In Q1 2026, Tax Provisions rose 22.61% year-over-year to $28.2 million; the TTM figure through Mar 2026 stood at $5.4 million (down 74.53% YoY), while the FY2025 annual figure was $200000.0, down 98.4% from the prior year.
  • Tax Provisions was $28.2 million for Q1 2026 at Hess Midstream, up from -$83.4 million in the prior quarter.
  • In the past five years, Tax Provisions ranged from a high of $31.5 million in Q3 2025 to a low of -$83.4 million in Q4 2025.
  • Historically, Tax Provisions has averaged $4.6 million across 5 years, with a median of $11.4 million in 2023.
  • The sharpest annual moves came in 2022 and 2023: Tax Provisions slumped 461.11% in 2022, then surged 161.03% in 2023.
  • A 5-year view of Tax Provisions shows it stood at -$19.5 million in 2022, then soared by 161.03% to $11.9 million in 2023, then plunged by 408.4% to -$36.7 million in 2024, then plunged by 127.25% to -$83.4 million in 2025, then soared by 133.81% to $28.2 million in 2026.
  • The last three Tax Provisions figures came in at $28.2 million (Q1 2026), -$83.4 million (Q4 2025), and $31.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Enbridge 88.15 Bn 88.85 Bn 6.70 Bn 428.04 Mn
2 Enterprise Products Partners 81.41 Bn 80.26 Bn - 22.00 Mn
3 Kinder Morgan 69.70 Bn 70.78 Bn 3.08 Bn 287.00 Mn
4 Energy Transfer 66.51 Bn 65.79 Bn 6.62 Bn 135.00 Mn
5 Scorpio Tankers 59.31 Bn 58.33 Bn - -
6 Mplx 57.21 Bn 55.70 Bn 2.54 Bn 1.00 Mn
7 Targa Resources 56.78 Bn 56.82 Bn 1.70 Bn 123.90 Mn
8 Oneok 55.57 Bn 55.44 Bn 2.57 Bn 245.00 Mn
9 Tc Energy 50.90 Bn 52.09 Bn 2.95 Bn 102.54 Mn
10 Hess Midstream 5.02 Bn 5.01 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