Hess Midstream (HESM) Tax Provisions (2020 - 2026)
Hess Midstream (HESM) posted quarterly Tax Provisions of $28.2 million for Q1 2026, up 22.61% year-over-year from $23.0 million in Q1 2025, and up 144.34% quarter-over-quarter from -$63.6 million in Q4 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 $25.2 million (down 68.7% YoY), while the FY2025 annual figure was $20.0 million, down 72.14% from the prior year.
- Tax Provisions for Q1 2026 stood at $28.2 million, up from -$63.6 million in the prior quarter.
- The five-year high for Tax Provisions was $31.5 million in Q3 2025, with the low at -$63.6 million in Q4 2025.
- The 5-year median for Tax Provisions is $11.4 million (2023), against an average of $9.0 million.
- The sharpest annual moves came in 2024 and 2025: Tax Provisions jumped 216.49% in 2024, then plunged 381.42% in 2025.
- Hess Midstream's Tax Provisions stood at $7.0 million in 2022, then plunged by 377.14% to -$19.4 million in 2023, then surged by 216.49% to $22.6 million in 2024, then sank by 381.42% to -$63.6 million in 2025, then surged by 144.34% to $28.2 million in 2026.
- Business Quant data shows HESM's Tax Provisions at $28.2 million in Q1 2026, -$63.6 million in Q4 2025, and $31.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 272.00 Mn |
| 2 | Enbridge | 111.13 Bn | 109.64 Bn | 5.23 Bn | 319.53 Mn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 12.00 Mn |
| 4 | Energy Transfer | 72.53 Bn | 71.50 Bn | 7.40 Bn | 194.00 Mn |
| 5 | Tc Energy | 66.12 Bn | 58.56 Bn | 1.24 Bn | 61.45 Mn |
| 6 | Mplx | 60.19 Bn | 59.16 Bn | 2.73 Bn | 2.00 Mn |
| 7 | Oneok | 60.00 Bn | 59.84 Bn | 2.81 Bn | 299.00 Mn |
| 8 | Targa Resources | 59.13 Bn | 59.00 Bn | 2.14 Bn | 227.20 Mn |
| 9 | Cheniere Energy | 56.04 Bn | 54.79 Bn | 5.29 Bn | 366.00 Mn |
| 10 | Hess Midstream | 5.08 Bn | 5.07 Bn | - | 31.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 31.10 Mn |
| Mar 31, 2026 | 28.20 Mn |
| Dec 31, 2025 | -63.60 Mn |
| Sep 30, 2025 | 31.50 Mn |
| Jun 30, 2025 | 29.10 Mn |
| Mar 31, 2025 | 23.00 Mn |
| Dec 31, 2024 | 22.60 Mn |
| Sep 30, 2024 | 18.90 Mn |
| Jun 30, 2024 | 16.00 Mn |
| Mar 31, 2024 | 14.30 Mn |
| Dec 31, 2023 | -19.40 Mn |
| Sep 30, 2023 | 11.40 Mn |
| Jun 30, 2023 | 8.10 Mn |
| Mar 31, 2023 | 6.50 Mn |
| Dec 31, 2022 | 7.00 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 |