HESM FY 2016 Earnings Report — Hess Midstream LP Revenue & Financial Results | Market Cap Arena

Hess Midstream LPHESM

FY 2016 Earnings

Reported December 30, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$510M	—	$565M	—	-9.8%
Op. Income	$206M	—	$195M	—	5.8%
Gross Margin	80.4%	—	84.8%	—	-4.3pp
Net Margin	40.2%	—	34.2%	—	6.0pp
EPS (Diluted)	$3.76	—	$3.54	—	6.2%
Free Cash Flow	$124M	—	$73M	—	70.0%

Revenue Flow

Item	Amount
REVENUE	$510M
Cost of Revenue	$100M
GROSS PROFIT	$410M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$10M
SG&A Expenses	$10M
Other Expenses	$193M
Operating Expenses	$204M
Cost & Expenses	$304M
OPERATING INCOME	$206M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$205M
Income Tax Expense	$0
Net Income from Continuing Ops	$205M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$205M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$205M
D&A	$100M
EBIT	$206M
EBITDA	$306M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$510M
Cost of Revenue	$100M
GROSS PROFIT	$410M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$10M
SG&A Expenses	$10M
Other Expenses	$193M
Operating Expenses	$204M
Cost & Expenses	$304M
OPERATING INCOME	$206M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$205M
Income Tax Expense	$0
Net Income from Continuing Ops	$205M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$205M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$205M
D&A	$100M
EBIT	$206M
EBITDA	$306M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$206M
Depreciation & Amortization	$100M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$119M
Change in Working Capital	$82M
OPERATING CASH FLOW	$388M
Capital Expenditure	-$264M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$264M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$307M
Other Financing Activities	$183M
NET CASH FROM FINANCING	-$124M
FREE CASH FLOW	$124M
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$300.0K
Short-Term Investments	$0
Net Receivables	$45M
Inventory	-$300.0K
Other Current Assets	$3M
TOTAL CURRENT ASSETS	$47M
PP&E (Net)	$2.5B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$2.5B
TOTAL ASSETS	$2.6B
Account Payables	$29M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$272M
TOTAL CURRENT LIABILITIES	$634M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$4M
TOTAL LIABILITIES	$639M
Common Stock	$2.2B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$491M
Other Equity	$188M
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$0
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$2.6B
Total Debt	$0
Net Debt	-$300.0K