Hess Midstream LP
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 6, 2025
HESM$30.460.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
June 30, 2025 and 2024
CONSOLIDATED STATEMENTS OFCHANGES IN PARTNERS’ CAPITAL (DEFICIT)
| Partners’ Capital | |||||
|---|---|---|---|---|---|
| Class AShares · Class BShares · NoncontrollingInterest · Total | |||||
| (in millions) | |||||
| Balance at December 31, 2024 | $530.7 | $ | - | $(65.4) | $465.3 |
| Net income | 71.6 | - | 89.8 | 161.4 | |
| Equity-based compensation | 0.3 | - | - | 0.3 | |
| Distributions - $0.7012 per share | (73.0) | - | (78.1) | (151.1) | |
| Recognition of deferred tax asset | 137.8 | - | - | 137.8 | |
| Sale of shares held by Sponsors | (16.9) | - | 16.9 | - | |
| Share and unit repurchases | (48.8) | - | (51.2) | (100.0) | |
| Transaction costs | (0.4) | - | (0.4) | (0.8) | |
| Balance at March 31, 2025 | $601.3 | $ | - | $(88.4) | $512.9 |
| Net income | 90.3 | - | 89.4 | 179.7 | |
| Equity-based compensation | 0.3 | - | - | 0.3 | |
| Distributions - $0.7098 per share | (82.9) | - | (70.1) | (153.0) | |
| Recognition of deferred tax asset | 168.9 | - | - | 168.9 | |
| Sale of shares held by Sponsors | (28.0) | - | 28.0 | - | |
| Share and unit repurchases | (114.2) | - | (85.8) | (200.0) | |
| Transaction costs | (0.7) | - | (0.5) | (1.2) | |
| Balance at June 30, 2025 | $635.0 | $ | - | $(127.4) | $507.6 |
| Balance at December 31, 2023 | $340.2 | $ | - | $23.0 | $363.2 |
| Net income | 44.6 | - | 117.3 | 161.9 | |
| Equity-based compensation | 0.5 | - | - | 0.5 | |
| Distributions - $0.6343 per share | (50.7) | - | (92.9) | (143.6) | |
| Recognition of deferred tax asset | 100.4 | - | - | 100.4 | |
| Sale of shares held by Sponsors | 5.2 | - | (5.2) | - | |
| Share and unit repurchases | (35.6) | - | (64.4) | (100.0) | |
| Transaction costs | (0.3) | - | (0.4) | (0.7) | |
| Balance at March 31, 2024 | $404.3 | $ | - | $(22.6) | $381.7 |
| Net income | 49.5 | - | 110.8 | 160.3 | |
| Equity-based compensation | 0.1 | - | - | 0.1 | |
| Distributions - $0.6516 per share | (52.1) | - | (93.6) | (145.7) | |
| Recognition of deferred tax asset | 107.0 | - | - | 107.0 | |
| Sale of shares held by Sponsors | (2.7) | - | 2.7 | - | |
| Share and unit repurchases | (41.3) | - | (58.7) | (100.0) | |
| Transaction costs | (0.3) | - | (0.5) | (0.8) | |
| Balance at June 30, 2024 | $464.5 | $ | - | $(61.9) | $402.6 |
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