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| 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 |