Financial Statements — HESM
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.01 | 0.00 | 0.01 | 0.00 | 0.01 | 0.01 | 0.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Accounts Receivable | 0.14 | 0.15 | 0.15 | 0.14 | 0.14 | 0.13 | 0.11 | 0.13 | 0.12 | 0.11 | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 0.16 | 0.17 | 0.17 | 0.15 | 0.15 | 0.15 | 0.21 | 0.14 | 0.14 | 0.11 | 0.12 | 0.15 | 0.16 | 0.15 | 0.15 | 0.11 | 0.11 |
| Property, Plant & Equipment | 3.30 | 3.32 | 3.38 | 3.34 | 3.32 | 3.29 | 3.24 | 3.22 | 3.21 | 3.19 | 3.18 | 3.16 | 3.14 | 3.12 | 3.12 | 3.10 | 3.09 |
| Total Non-current Assets* | 4.10 | 4.15 | 4.27 | 4.27 | 4.11 | 3.99 | 3.84 | 3.72 | 3.64 | 3.55 | 3.46 | 3.45 | 3.44 | 3.34 | 3.30 | 3.28 | 3.27 |
| Total Assets | 4.26 | 4.32 | 4.44 | 4.42 | 4.26 | 4.15 | 4.05 | 3.86 | 3.78 | 3.66 | 3.58 | 3.60 | 3.60 | 3.48 | 3.46 | 3.39 | 3.39 |
| Accounts Payable | 0.03 | 0.02 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.02 | 0.04 | 0.02 | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 0.20 | 0.18 | 0.22 | 0.21 | 0.19 | 0.22 | 0.19 | 0.16 | 0.17 | 0.15 | 0.14 | 0.16 | 0.15 | 0.14 | 0.17 | 0.13 | 0.09 |
| Long-term Debt | 3.68 | 3.77 | 3.76 | 3.69 | 3.55 | 3.47 | 3.44 | 3.31 | 3.14 | 3.06 | 2.99 | 2.91 | 2.94 | 2.54 | 2.60 | 1.82 | 1.89 |
| Total Non-current Liabilities* | 3.66 | 3.76 | 3.79 | 3.70 | 3.56 | 3.48 | 3.46 | 3.32 | 3.16 | 3.08 | 3.00 | 2.93 | 2.96 | 2.56 | 2.62 | 1.84 | 1.91 |
| Total Liabilities | 3.87 | 3.94 | 4.01 | 3.92 | 3.75 | 3.71 | 3.65 | 3.48 | 3.33 | 3.22 | 3.14 | 3.09 | 3.11 | 2.70 | 2.79 | 1.97 | 2.00 |
| Total Stockholder Equity* | 0.39 | 0.37 | 0.43 | 0.51 | 0.51 | 0.44 | 0.40 | 0.38 | 0.45 | 0.43 | 0.44 | 0.51 | 0.49 | 0.78 | 0.67 | 1.42 | 1.39 |
* Derived from reported values
Income Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 397.70 | 388.70 | 403.10 | 419.60 | 413.50 | 381.00 | 395.00 | 377.60 | 364.60 | 354.70 | 359.50 | 361.30 | 321.90 | 303.40 | 313.90 | 334.20 | 313.00 | 312.10 | 316.30 | 303.90 |
| Selling, General & Admin | 5.50 | 7.90 | 5.60 | 7.30 | 8.10 | 7.50 | 8.90 | 6.30 | 5.20 | 5.70 | 8.00 | 6.00 | 5.80 | 6.40 | 6.10 | 5.70 | 5.30 | 6.00 | 6.10 | 5.10 |
| Operating Income | 253.20 | 238.10 | 251.60 | 258.90 | 260.20 | 237.40 | 243.00 | 231.70 | 222.30 | 222.00 | 210.10 | 220.00 | 198.10 | 188.70 | 196.40 | 204.00 | 195.30 | 195.50 | 199.90 | 159.20 |
| Pretax Income | 204.80 | 185.90 | 198.20 | 207.00 | 208.80 | 184.40 | 194.70 | 183.60 | 176.30 | 176.20 | 164.70 | 176.20 | 156.00 | 148.70 | 156.80 | 166.90 | 158.90 | 164.60 | 170.50 | 134.20 |
| Tax Provision | 31.10 | 28.20 | 30.20 | 31.50 | 29.10 | 23.00 | 22.60 | 18.90 | 16.00 | 14.30 | 11.90 | 11.40 | 8.10 | 6.50 | 7.00 | 7.50 | 7.10 | 5.00 | 5.40 | 3.10 |
| Net Income | 96.40 | 87.60 | 93.30 | 97.70 | 90.30 | 71.60 | 70.40 | 58.60 | 49.50 | 44.60 | 37.50 | 35.30 | 25.10 | 20.70 | 21.80 | 23.20 | 22.00 | 16.90 | 16.90 | 9.90 |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | 278.60 | 253.30 | 245.60 | 258.90 | 276.90 | 202.40 | 258.50 | 224.90 | 271.60 | 185.30 | 247.60 | 215.50 | 204.60 | 198.70 | 222.60 | 234.70 | 213.20 | 190.60 | 223.50 | 182.00 |
| Capital Expenditures | 23.10 | 28.80 | 66.70 | 80.00 | 63.40 | 45.50 | 95.10 | 92.30 | 63.90 | 54.80 | 63.50 | 52.70 | 43.00 | 64.30 | 61.60 | 65.90 | 55.90 | 54.80 | 43.20 | 67.30 |
| Free Cash Flow* | 255.50 | 224.50 | 178.90 | 178.90 | 213.50 | 156.90 | 163.40 | 132.60 | 207.70 | 130.50 | 184.10 | 162.80 | 161.60 | 134.40 | 161.00 | 168.80 | 157.30 | 135.80 | 180.30 | 114.70 |
| Investing Cash Flow | (23.10) | (28.80) | (66.70) | (80.00) | (63.40) | (45.50) | (95.10) | (92.30) | (63.90) | (54.80) | (63.50) | (52.70) | (43.00) | (64.30) | (61.60) | (65.90) | (55.90) | (54.80) | (43.20) | (67.30) |
| Financing Cash Flow | (255.10) | (221.80) | (182.50) | (177.90) | (215.10) | (155.10) | (169.40) | (221.90) | (112.30) | (131.70) | (182.00) | (162.50) | (162.20) | (133.90) | (160.50) | (168.60) | (157.90) | (135.00) | (180.70) | (115.90) |
* Derived from reported values
