Hess Midstream LP (HESM) FY2026 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

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Hess Midstream LP cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $331,400,000.00Depreciation expense → Operating adjustments reconciliation: $112,900,000.00Deferred income tax expense → Operating adjustments reconciliation: $59,300,000.00Accrued liabilities → Operating adjustments reconciliation: $18,300,000.00Distributions from equity investments → Operating adjustments reconciliation: $7,600,000.00Accounts payable – trade → Operating adjustments reconciliation: $6,800,000.00Amortization of deferred financing costs → Operating adjustments reconciliation: $6,000,000.00Other current and noncurrent assets → Operating adjustments reconciliation: $5,100,000.00Accounts payable – affiliate → Operating adjustments reconciliation: $2,800,000.00Accounts receivable – affiliate → Operating adjustments reconciliation: $600,000.00Equity-based compensation expense → Operating adjustments reconciliation: $300,000.00Operating adjustments reconciliation → Net cash from operating activities: $200,500,000.00Operating adjustments reconciliation → Income from equity investments: $9,300,000.00Operating adjustments reconciliation → Other current and noncurrent liabilities: $8,200,000.00Operating adjustments reconciliation → Accounts receivable - trade: $1,700,000.00investing reconciliation → Additions to property, plant and equipment: $51,900,000.00Net cash used in financing activities → financing reconciliation: $476,900,000.00financing reconciliation → Distributions to shareholders/unitholders: $198,800,000.00financing reconciliation → Distributions to noncontrolling interest: $120,500,000.00financing reconciliation → Net proceeds from (repayments of) borrowings with maturities of 90 days or less: $82,000,000.00financing reconciliation → Share and unit repurchases: $60,000,000.00financing reconciliation → Repayments: $15,000,000.00financing reconciliation → Transaction costs: $600,000.00Net cash used in investing activities → investing reconciliation: $51,900,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations → Cash sources and uses: $1,900,000.00Net cash from operating activities → Cash sources and uses: $531,900,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $5,000,000.00Cash sources and uses → Net cash used in investing activities: $51,900,000.00Cash sources and uses → Net cash used in financing activities: $476,900,000.00Net income: $331,400,000.00Net income+$331.40 MDepreciation expense: $112,900,000.00Depreciation expense+$112.90 MIncome from equity investments: -$9,300,000.00Equity-method results−$9.30 MDistributions from equity investments: $7,600,000.00Equity-method distributions+$7.60 MAmortization of deferred financing costs: $6,000,000.00Debt issuance cost amortization+$6.00 MEquity-based compensation expense: $300,000.00Stock-based compensation+$300.00 KDeferred income tax expense: $59,300,000.00Deferred income taxes+$59.30 MAccounts payable – trade: $6,800,000.00Trade payables+$6.80 MAccounts receivable - trade: -$1,700,000.00Accounts receivable−$1.70 MAccounts receivable – affiliate: $600,000.00Affiliate receivables, net+$600.00 KOther current and noncurrent assets: $5,100,000.00Other operating assets+$5.10 MAccounts payable – affiliate: $2,800,000.00Accounts payable – affiliate+$2.80 MAccrued liabilities: $18,300,000.00Accrued liabilities+$18.30 MOther current and noncurrent liabilities: -$8,200,000.00Other operating liabilities−$8.20 MNet cash from operating activities: $531,900,000.00Operating cash+$531.90 MOperating adjustments reconciliation: $219,700,000.00Net proceeds from (repayments of) borrowings with maturities of 90 days or less: -$82,000,000.00Short-term debt ≤3 months, net−$82.00 MProceeds: $0.00Repayments: -$15,000,000.00Debt repaid, 90+ days−$15.00 MDeferred financing costs: $0.00Transaction costs: -$600,000.00Transaction costs−$600.00 KShare and unit repurchases: -$60,000,000.00Common stock repurchases−$60.00 MDistributions to shareholders/unitholders: -$198,800,000.00Unitholder distributions−$198.80 MDistributions to noncontrolling interest: -$120,500,000.00Paid to noncontrolling interests−$120.50 MNet cash used in financing activities: -$476,900,000.00. Cash required to fund net payments.Financing cash−$476.90 Mfinancing reconciliation: $476,900,000.00Additions to property, plant and equipment: -$51,900,000.00PP&E purchases−$51.90 MNet cash used in investing activities: -$51,900,000.00. Cash required to fund net payments.Investing cash−$51.90 Minvesting reconciliation: $51,900,000.00Cash sources and uses: $533,800,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $1,900,000.00Beginning cash$1.90 MEnding cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $5,000,000.00Ending cash$5.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$480.00 MOperating cash − cash spent on PP&ECash flow / Net income1.61×Operating cash flow ÷ net incomeNet cash change+$3.10 MEnding cash − beginning cash
Chart details

Hess Midstream LP cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
1,900,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Operating activities
531,900,000 US dollars. Net cash provided.
Net income
331,400,000 US dollars
Depreciation expense
112,900,000 US dollars
Income from equity investments
negative 9,300,000 US dollars
Distributions from equity investments
7,600,000 US dollars
Amortization of deferred financing costs
6,000,000 US dollars
Equity-based compensation expense
300,000 US dollars
Deferred income tax expense
59,300,000 US dollars
Accounts payable – trade
6,800,000 US dollars
Accounts receivable - trade
negative 1,700,000 US dollars
Accounts receivable – affiliate
600,000 US dollars
Other current and noncurrent assets
5,100,000 US dollars
Accounts payable – affiliate
2,800,000 US dollars
Accrued liabilities
18,300,000 US dollars
Other current and noncurrent liabilities
negative 8,200,000 US dollars
Investing activities
negative 51,900,000 US dollars. Net cash used.
Additions to property, plant and equipment
negative 51,900,000 US dollars
Financing activities
negative 476,900,000 US dollars. Net cash used.
Net proceeds from (repayments of) borrowings with maturities of 90 days or less
negative 82,000,000 US dollars
Proceeds
0 US dollars
Repayments
negative 15,000,000 US dollars
Deferred financing costs
0 US dollars
Transaction costs
negative 600,000 US dollars
Share and unit repurchases
negative 60,000,000 US dollars
Distributions to shareholders/unitholders
negative 198,800,000 US dollars
Distributions to noncontrolling interest
negative 120,500,000 US dollars
Operating adjustment reconciliation
219,700,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
476,900,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
51,900,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
5,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Cash sources and uses
533,800,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
3,100,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.61×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
531,900,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
51,900,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
480,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $200.50M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 531,900,000 US dollars minus 51,900,000 US dollars equals 480,000,000 US dollars.
Hess Midstream LP (HESM) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
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