HESM FY 2015 Earnings Report — Hess Midstream LP Revenue & Financial Results | Market Cap Arena

Hess Midstream LPHESM

FY 2015 Earnings

Reported December 30, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$565M	—	$255M	—	121.8%
Op. Income	$195M	—	$35M	—	460.1%
Gross Margin	84.8%	—	82.6%	—	2.2pp
Net Margin	34.2%	—	12.9%	—	21.3pp
EPS (Diluted)	$3.54	—	$0.60	—	490.0%
Free Cash Flow	$73M	—	-$158M	—	146.1%

Revenue Flow

Item	Amount
REVENUE	$565M
Cost of Revenue	$86M
GROSS PROFIT	$479M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$9M
SG&A Expenses	$9M
Other Expenses	$275M
Operating Expenses	$284M
Cost & Expenses	$370M
OPERATING INCOME	$195M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$193M
Income Tax Expense	$0
Net Income from Continuing Ops	$193M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$193M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$193M
D&A	$86M
EBIT	$195M
EBITDA	$281M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$565M
Cost of Revenue	$86M
GROSS PROFIT	$479M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$9M
SG&A Expenses	$9M
Other Expenses	$275M
Operating Expenses	$284M
Cost & Expenses	$370M
OPERATING INCOME	$195M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$193M
Income Tax Expense	$0
Net Income from Continuing Ops	$193M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$193M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$193M
D&A	$86M
EBIT	$195M
EBITDA	$281M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$193M
Depreciation & Amortization	$86M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$169M
Change in Working Capital	$155M
OPERATING CASH FLOW	$435M
Capital Expenditure	-$362M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$362M
Net Debt Issuance	-$398M
Common Stock Repurchased	$0
Common Dividends Paid	-$339M
Other Financing Activities	$664M
NET CASH FROM FINANCING	-$73M
FREE CASH FLOW	$73M
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$0
Short-Term Investments	$0
Net Receivables	$52M
Inventory	$500.0K
Other Current Assets	$500.0K
TOTAL CURRENT ASSETS	$56M
PP&E (Net)	$2.3B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$2.4B
Account Payables	$195M
Short-Term Debt	$0
Deferred Revenue	$2M
Other Current Liabilities	$4M
TOTAL CURRENT LIABILITIES	$253M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$5M
TOTAL NON-CURRENT LIABILITIES	$5M
TOTAL LIABILITIES	$258M
Common Stock	$2.1B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$385M
Other Equity	$385M
TOTAL STOCKHOLDERS' EQUITY	$2.1B
Minority Interest	$0
TOTAL EQUITY	$2.1B
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$0
Net Debt	$0