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| Date | Value |
|---|---|
| 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 |