Hess Midstream LP logo HESM - Hess Midstream LP

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 1
HOLD 5
SELL 3
STRONG
SELL 0
| PRICE TARGET: $35.50 DETAILS
HIGH: $39.00
LOW: $32.00
MEDIAN: $35.50
CONSENSUS: $35.50
UPSIDE: 15.79%
Annual Quarterly
Metric 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1
Revenue
Revenue 399 388.7 403.1 419.6 413.5 381 395 377.6 364.6 354.7 359.5 362.5 323.5 304.3 313.9 334.2 313 312.1 316.3 303.9 294.8 288.8 266.5 264.7 269.8 290.6 305.5 214.9 190.2 189.4 171.1 169.3 164.5 156.8 150.3 146.7 138.3 130.3 151.6 120.3 119 118.9 273.3 102.2 100.5 89.1 79.2 70.3 65.7 39.6 60.4 80.8 64.2 64.2
Cost of Revenue 140.3 58.5 54.2 56.6 51.8 51.5 51.3 51.5 50.5 49.8 50.4 47.7 47 47.4 46.4 45.5 45 44.4 43.5 41.5 40.4 40.2 40 39.5 38.9 38.5 41.4 36 35.4 33.6 32.2 30.6 30.2 30 29.3 28.5 28.5 26.8 27.6 24.7 24.8 22.6 45.4 13.7 13.2 13.8 13.2 13.6 13.9 3.7 46 61.1 93.7 93.7
Gross Profit 258.7 330.2 348.9 363 361.7 329.5 343.7 326.1 314.1 304.9 309.1 314.8 276.5 256.9 267.5 288.7 268 267.7 272.8 262.4 254.4 248.6 226.5 225.2 230.9 252.1 264.1 178.9 154.8 155.8 138.9 138.7 134.3 126.8 121 118.2 109.8 103.5 124 95.6 94.2 96.3 227.9 88.5 87.3 75.3 66 56.7 51.8 35.9 14.4 19.7 (29.4) (29.4)
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 5.5 7.9 5.6 7.3 8.1 7.5 8.9 6.3 5.2 5.7 8 6 5.8 6.4 6.1 5.7 5.3 6 6.1 5.1 5.2 6.3 5.2 4.2 4.1 7.6 40.8 7.7 5.8 5.9 3.6 2.4 2.4 3.1 2.5 1.7 2.4 1.5 2.8 2.3 3.9 1.4 6.9 0.4 1 1 1.7 0.9 1.3 1 3.1 3.4 3.2 3.2
Other Expenses 0 84.2 91.7 96.8 93.4 84.6 91.8 88.1 86.6 77.2 91 88.8 72.6 61.8 65 79 67.4 66.2 66.8 98.1 63.6 59.8 66.6 83.8 95 91.7 134.4 71.9 57.8 54.1 43.1 39.2 36.9 34.4 40.9 39.6 38.8 38.9 51.6 44.9 49 94.9 131.6 49.1 48.8 45.3 44.9 39.9 37.7 48.2 72.4 46.4 0 0
Operating Expenses 5.5 92.1 97.3 104.1 101.5 92.1 100.7 94.4 91.8 82.9 99 94.8 78.4 68.2 71.1 84.7 72.7 72.2 72.9 103.2 68.8 66.1 71.8 88 99.1 99.3 175.2 79.6 63.6 60 46.7 41.6 39.3 37.5 43.4 41.3 41.2 40.4 54.4 47.2 52.9 96.3 138.5 49.5 49.8 46.3 46.6 40.8 39 49.2 75.5 49.8 6.8 6.8
Operating Income
Operating Income 253.2 238.1 251.6 258.9 260.2 237.4 243 231.7 222.3 222 210.1 220 198.1 188.7 196.4 204 195.3 195.5 199.9 159.2 185.6 182.5 154.7 137.2 131.8 152.8 88.9 99.3 91.2 95.8 92.2 97.1 95 89.3 77.6 76.9 68.6 63.1 69.6 48.4 41.3 47 89.4 39 37.5 29 19.4 15.9 12.8 (13.3) (61.1) (30.1) (36.3) (36.3)
Interest Expense 54.5 55.4 56.7 57.1 55.4 56.4 52.2 51.8 49.7 48.5 47.8 45.8 43.8 41.6 40.7 39.9 37.4 31.3 31.4 28 22.9 23.1 23.4 23.2 23.3 24.8 60.8 12.4 16.8 15 0.3 0.3 0.4 0.3 0.5 0.4 0.5 0 0 0 1.2 0 0.3 0 0.6 0.6 0.5 0.3 0.6 0.5 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 301.5 299.8 309.1 320.7 316 292.3 298.2 286.9 276.5 274.5 262.9 269.7 246.8 237.7 252.3 252.3 241.3 240.3 245.4 197.7 228.9 225.4 197.6 180.3 171.7 194 130.3 135.8 126.6 129.4 124.4 127.7 125.2 119.3 106.9 105.4 97.1 89.9 97.2 73.1 66.1 69.6 134.8 52.7 50.7 42.8 32.6 29.5 26.7 (9.6) (58.7) (27.2) (32.7) (32.7)
EBIT 247.1 241.3 254.9 264.1 264.2 240.8 246.9 235.4 226 224.7 212.5 222 199.8 190.3 205.9 206.8 196.3 195.9 201.9 156.2 188.5 185.2 157.6 140.8 132.8 155.5 92.8 99.8 91.2 95.8 92.2 97.1 95 89.3 77.6 76.9 68.6 63.1 69.6 48.4 41.3 47 89.4 39 37.5 29 19.4 15.9 12.8 (13.3) (61.1) (30.1) (36.3) (36.3)
Income Before Tax 204.8 185.9 198.2 207 208.8 184.4 194.7 183.6 176.3 176.2 164.7 176.2 156 148.7 165.2 166.9 158.9 164.6 170.5 128.2 165.6 162.1 134.2 117.6 109.5 130.7 32 87.4 74.4 80.8 91.9 96.8 94.6 89 77.1 76.5 68.1 63.1 71 48.4 40.1 47 89.1 39 36.9 28.4 18.9 15.6 12.2 (13.8) (61.1) (30.1) (36.3) (36.3)
Income Tax Expense 31.1 28.2 30.2 31.5 29.1 23 22.6 18.9 16 14.3 11.9 11.4 8.1 6.5 15.4 7.5 7.1 5 5.4 (2.9) 3.6 2.5 1.9 1.8 1.7 1.7 0.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Income 96.4 87.6 93.3 97.7 90.3 71.6 70.4 58.6 49.5 44.6 37.5 35.3 25.1 20.7 21.8 23.2 22 16.9 16.9 9.9 11 8.6 6.6 5.6 5.3 6.5 16.1 19.1 16.8 18.1 17.2 18.8 17.8 17 14.8 15 11.4 63.1 71 48.4 40.1 47 89.1 39 36.9 28.4 18.9 15.6 12.2 (13.8) (61.1) (30.1) (36.3) (36.3)
Per Share Data
EPS (Basic) 0.75 0.68 0.72 0.75 0.74 0.65 0.68 0.63 0.59 0.59 0.55 0.57 0.50 0.47 0.49 0.53 0.51 0.50 0.49 0.38 0.44 0.45 0.36 0.31 0.29 0.37 0.29 0.33 0.29 0.32 0.31 0.34 0.32 0.30 0.26 0.27 0.21 1.16 1.28 0.89 0.73 0.86 1.63 0.71 0.68 0.52 0.35 0.29 0.22 -0.25 -1.12 -0.55 -0.67 -0.67
EPS (Diluted) 0.75 0.68 0.72 0.75 0.74 0.65 0.68 0.63 0.59 0.59 0.55 0.57 0.50 0.47 0.49 0.53 0.50 0.49 0.49 0.38 0.44 0.43 0.36 0.31 0.29 0.35 0.29 0.33 0.29 0.32 0.31 0.33 0.32 0.30 0.26 0.27 0.21 1.16 1.28 0.89 0.73 0.86 1.63 0.71 0.68 0.52 0.35 0.29 0.22 -0.25 -1.12 -0.55 -0.67 -0.67
Shares Outstanding 128.4 129.2 129.4 130.3 121.8 110.7 104.1 93 83.8 75.1 68.4 62.5 50.1 44 44.1 44 43.7 33.7 33.1 25.1 25 19.3 18 18 18 18 54.6 54.6 54.6 54.7 54.6 54.6 54.6 54.6 54.6 54.6 52.2 52.2 54.6 54.6 54.6 54.6 54.6 54.6 54.6 54.6 54.6 54.6 54.6 54.6 54.6 54.6 54.6 54.6
Metric 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2013 Q4
Current Assets
Cash & Cash Equivalents 5 4.6 1.9 5.5 4.5 6.1 4.3 10.3 99.6 4.2 5.4 3.3 3 3.6 3.1 2.6 2.4 3 2.2 2.6 3.8 1.5 2.6 3 2.5 3.1 3.3 3.5 14.9 3.5 109.3 34.6 56.5 37.5 47.2 48 43 0 0.3 0 0 0 0 0 0 0 0
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 151.3 156.2 150.2 150.5 144 140.7 138.9 131.1 113 130.6 124.4 122 110.3 109.2 123 130.7 153.6 137.5 120.3 135.5 105.2 108.1 93.2 92.5 84.6 106.8 87.6 68.3 60.1 60.5 67.8 65.5 62.5 67.7 59.8 59.7 58.1 60.3 44.6 51.9 36.6 33.1 30.6 33.4 24.7 22.3 8.3
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.7) 0.5 0.4 0.4 0.4 0.4 0.6 0.6 0.3
Other Current Assets 0.9 5 6.9 4 2.4 3.3 6.2 12.8 1.5 4.5 7 12.4 0.8 3.8 6.2 13.5 2.4 6.7 10.6 13.4 1.4 4.2 5.6 8.2 0.8 3.3 5 7.4 1.1 3.2 70.6 5.1 0.7 1.8 4.4 0.8 0.5 1.9 2.8 0.5 4.8 8.3 9.2 4.5 1.1 0.2 0
Total Current Assets 157.2 165.8 159 168.2 150.9 150.1 149.4 154.2 214.1 139.3 136.8 137.7 114.1 116.6 132.3 146.8 158.4 147.2 133.1 151.5 110.4 113.8 101.4 103.7 87.9 113.2 95.9 79.2 76.1 67.2 180.4 105.2 119.7 107 111.4 108.5 101.6 62.2 47.4 55.5 41.8 41.8 40.2 38.3 26.4 23.1 8.6
Non-Current Assets
Property, Plant & Equipment 3,298.7 3,322.1 3,369.8 3,376.3 3,344.7 3,324.4 3,325.4 3,291.8 3,237.3 3,215 3,229.2 3,207.8 3,188.3 3,183 3,172.8 3,159.6 3,144.6 3,117.9 3,125 3,118.1 3,100.7 3,094.5 3,111.3 3,103.3 3,068.6 3,028.7 3,010.1 2,823.1 2,757.4 2,726.7 2,735.3 2,630.5 2,578.3 2,527.1 2,520.5 2,506.4 2,507.4 2,518.8 2,518.6 2,291.7 1,283.8 1,292 1,317 1,332.2 1,328.6 1,342.4 1,260.1
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 83.2 80 81.5 84.5 84.8 85.5 87 88.5 89.4 89.4 90.2 91.4 92.8 92.9 93.9 98.3 96.9 97.3 101.6 102.4 102.5 103.6 108.4 108.2 107.6 110.5 107.8 100.8 90.3 74.3 67.3 67.3 41.3 24.3 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 4 4.7 4.1 4.7 5.4 6.1 6.6 612.4 7.7 419.1 333.3 338.6 264.5 186 189.2 196.8 198.8 120.1 125.9 83.8 72.8 76.7 53.4 56.5 59.5 62.1 63.9 2.2 2.1 2.4 8.2 2.4 2.7 2.9 3.2 3.4 3.7 10.1 8.4 8.3 8 7.1 5.3 4.3 3.3 0 0
Total Non-Current Assets 4,099.4 4,151.4 4,229.3 4,269.5 4,272.2 4,113.5 4,001.6 3,992.7 3,836 3,723.5 3,652.7 3,637.8 3,545.6 3,461.9 3,455.9 3,454.7 3,440.3 3,335.3 3,352.5 3,304.3 3,276 3,274.8 3,273.1 3,268 3,235.7 3,201.3 3,181.8 2,926.1 2,849.8 2,803.4 2,810.8 2,700.2 2,622.3 2,554.3 2,523.7 2,509.8 2,511.1 2,528.9 2,527 2,300 1,291.8 1,299.1 1,322.3 1,336.5 1,331.9 1,342.4 1,260.1
Total Assets 4,256.6 4,317.2 4,388.3 4,437.7 4,423.1 4,263.6 4,151 4,146.9 4,050.1 3,862.8 3,789.5 3,775.5 3,659.7 3,578.5 3,588.2 3,601.5 3,598.7 3,482.5 3,485.6 3,455.8 3,386.4 3,388.6 3,374.5 3,371.7 3,323.6 3,314.5 3,277.7 3,005.3 2,925.9 2,870.6 2,991.2 2,805.4 2,742 2,661.3 2,635.1 2,618.3 2,612.7 2,591.1 2,574.4 2,355.5 1,333.6 1,340.9 1,362.5 1,374.8 1,358.3 1,365.5 1,268.7
Current Liabilities
Account Payables 31.7 53.1 51.8 93.4 32.4 25.5 55.9 87.4 79.9 31.2 79.7 27.7 27.5 39.8 62.7 34.6 32.3 35.6 26.9 49.4 21.5 20.3 30 40.1 36.4 37.9 30.6 17.7 26.4 12.1 18.6 12.8 18 14.8 12.2 7.6 8.2 11.2 28.8 41.5 11.9 10.1 8.6 6.5 18.2 28.5 32.4
Short-Term Debt 37.5 35 32.5 30 27.5 25 22.5 20 17.5 15 12.5 10 7.5 5 2.5 0 0 22.5 20 17.5 15 12.5 10 7.5 5 2.5 0 0 0 0 11.3 0 0 0 0 0 0 0 0 0 0 0 989.8 1,018.9 18.8 5.2 0
Deferred Revenue 0 15.7 6.4 0 0 1.8 0 0 1.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 85.6 0 0 0 0 0 0 0 0 2 0 0 58.1 71.3 61.2 80.8 0
Other Current Liabilities 8.1 77.4 97.1 11 7.2 2.3 0.2 36.3 5.4 52.6 43.5 39.6 57 25.5 24.8 55.2 56.2 43.8 64.2 19.7 28.1 10.5 34.6 25.6 51.6 43.6 43.6 39.1 32.5 22 59.2 57.8 43.8 22.5 22.8 22.8 15.6 274.7 574.4 3.6 32.6 32.9 49.6 59.3 58 78.8 117.6
Total Current Liabilities 204 181.2 187.8 224.3 213.5 186.1 219.3 220.9 192.2 157.2 210.2 173.8 148.8 138.5 159.5 157.5 152.5 143.8 170.9 168.7 127 94.3 125 132.3 157.8 145.8 176.1 126.4 94.1 64.9 138.1 111.8 101.7 70.4 74.4 50.7 48.9 313.6 634.2 252.9 55.8 56.2 1,058.2 1,098.2 99 115.8 164.5
Non-Current Liabilities
Long-Term Debt 3,642.5 3,737 3,739.5 3,764.9 3,686.9 3,546.8 3,449.4 3,469.8 3,442.8 3,310.4 3,198.9 3,138.3 3,061.2 2,985.1 2,883.1 2,909 2,937.4 2,538.4 2,543.5 2,595.1 1,817.3 1,886.2 1,900.1 1,895.5 1,822.7 1,812.1 1,753.5 11 0 7 969.8 0 0 0 0 0 0 0 0 0 0 0 0 0 971.3 955 833.1
Deferred Tax Liabilities 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0 0.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 21.6 23.7 22.6 21.5 14.6 17.3 16.5 14.4 12.1 13.5 17.2 18.1 14.9 16.4 16.6 21.1 21.3 18.5 18.1 22.9 23.5 23 23.4 24.7 15.9 16.2 16 10.3 14.5 14.3 7.2 6 5.5 5.5 5.4 6 4.1 4.5 4.3 5.1 1.1 1.1 1 1 1 1.2 0.8
Total Non-Current Liabilities 3,664.6 3,761.2 3,762.6 3,786.9 3,702 3,564.6 3,466.4 3,484.2 3,455.3 3,323.9 3,216.1 3,156.4 3,076.1 3,001.5 2,899.7 2,930.1 2,958.7 2,556.9 2,561.6 2,618 1,840.8 1,909.2 1,923.5 1,920.2 1,838.6 1,828.3 1,769.5 21.9 14.5 21.6 977 6 5.5 5.5 5.4 6 4.1 4.5 4.3 5.1 1.1 1.1 1 1 972.3 956.2 833.9
Total Liabilities 3,868.6 3,942.4 3,950.4 4,011.2 3,915.5 3,750.7 3,685.7 3,705.1 3,647.5 3,481.1 3,426.3 3,330.2 3,224.9 3,140 3,059.2 3,087.6 3,111.2 2,700.7 2,732.5 2,786.7 1,967.8 2,003.5 2,048.5 2,052.5 1,996.4 1,974.1 1,945.6 148.3 108.6 86.5 1,115.1 117.8 107.2 75.9 79.8 56.7 53 318.1 638.5 258 56.9 57.3 1,059.2 1,099.2 1,071.3 1,072 998.4
Stockholders' Equity
Common Stock 0 518 568.3 572.5 635 601.3 530.7 531 464.5 404.3 340.2 367.4 302.1 227.9 245.1 247.8 248.7 203.9 204.1 135.7 184 184 125 126.2 128.2 130.5 131.1 490.9 494.4 499.3 501.9 504.4 504.8 505.3 506 508.4 508.4 2,273 2,238.4 0 1,276.7 1,283.6 303.3 275.6 287 293.5 270.3
Retained Earnings 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.2 0.4 0 0 0 1.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 514.6 518 568.3 572.5 635 601.3 530.7 531 464.5 404.3 340.2 367.4 302.1 227.9 245.1 247.8 248.7 203.9 204.1 135.7 184 184 125 126.2 128.2 130.7 131.5 490.9 494.4 499.3 1.2 504.4 504.8 505.3 506 508.4 508.4 2,273 1,935.9 2,097.5 1,276.7 1,283.6 303.3 275.6 287 293.5 270.3
Total Liabilities & Equity 4,256.6 4,317.2 4,388.3 4,437.7 4,423.1 4,263.6 4,151 4,146.9 4,050.1 3,862.8 3,789.5 3,775.5 3,659.7 3,578.5 3,588.2 3,601.5 3,598.7 3,482.5 3,485.6 3,455.8 3,386.4 3,388.6 3,374.5 3,371.7 3,323.6 3,314.5 3,277.7 148.3 108.6 86.5 1,115.1 117.8 107.2 75.9 79.8 56.7 53 2,591.1 2,574.4 2,355.5 1,333.6 1,340.9 1,362.5 1,374.8 1,358.3 1,365.5 1,268.7
Debt Metrics
Total Debt 3,680 3,772 3,772 3,794.9 3,714.4 3,571.8 3,471.9 3,489.8 3,460.3 3,325.4 3,211.4 3,148.3 3,068.7 2,990.1 2,885.6 2,909 2,937.4 2,560.9 2,563.5 2,612.6 1,832.3 1,898.7 1,910.1 1,903 1,827.7 1,814.6 1,753.5 11.8 0.3 7 981.1 0 0 0 0 0 0 0 0 0 0 0 989.8 1,018.9 990.1 960.2 833.1
Net Debt 3,675 3,767.4 3,770.1 3,789.4 3,709.9 3,565.7 3,467.6 3,479.5 3,360.7 3,321.2 3,206 3,145 3,065.7 2,986.5 2,882.5 2,906.4 2,935 2,557.9 2,561.3 2,610 1,828.5 1,897.2 1,907.5 1,900 1,825.2 1,811.5 1,750.2 8.3 (14.6) 3.5 871.8 (34.6) (56.5) (37.5) (47.2) (48) (43) 0 (0.3) 0 0 0 989.8 1,018.9 990.1 960.2 833.1
Metric 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1
Operating Activities
Net Income 243.8 87.6 93.3 175.5 179.7 71.6 172.1 164.7 49.5 44.6 37.5 35.3 25.1 142.2 149.8 23.2 22 159.6 16.9 131.1 162 159.6 6.6 5.6 107.8 6.5 15.8 100.4 90.9 95.3 91.9 96.8 94.6 89 77.1 76.5 68.1 63.1 71 48.4 39.9 47 89.1 39 36.9 28.4 18.9 15.6 12.2 (13.8) (61.1) (30.1) (36.3) (36.3)
Depreciation & Amortization 54.4 58.5 54.2 56.6 51.8 51.5 51.3 51.5 50.5 49.8 50.4 47.7 47 47.4 46.4 45.5 45 44.4 43.5 41.5 40.4 40.2 40 39.5 38.9 38.5 37.5 36 35.4 33.6 32.2 30.6 30.2 30 29.3 28.5 28.5 26.8 27.6 24.7 24.8 22.6 45.4 13.7 13.2 13.8 13.2 13.6 13.9 3.7 2.4 2.9 3.6 3.6
Stock-Based Compensation 0.3 0 0 0.8 0.3 0.3 0.7 0.5 0 0.5 0.4 0 0 0.6 0.3 0 0 0.5 0 0.4 0.3 0.4 0.3 0.4 0.3 0.5 0.4 0.5 0.3 0.3 0.2 0.3 0.3 0.1 0 0.1 0.1 0 0 0 0 0 0 0 0 0 0.8 0 0 0 0.8 (2.9) 2.9 2.9
Change in Working Capital 19.5 4.2 (12.9) (8.9) 12.1 (40.1) 7.7 (14) 42.3 (44) 28.7 (12.1) (1) (1.1) 16.2 20.9 6.3 (25.2) 6.4 3.9 15.5 (43.8) 8.1 (15.1) 24.4 (32.9) 12.2 (17.4) 22.8 (2.4) 1.7 (12.6) 16.2 (8.9) 14.3 (4.1) 5.3 (14.3) 13.4 29 41.7 (2.4) 155.8 2.3 1.3 (4.1) (14.7) (15.1) 6.7 (24.6) 19.8 0.3 (6.8) (6.8)
Other Non-Cash Items (70.5) 74.8 80.9 3.3 3.9 96.2 4.1 3.3 113.4 120.2 118.6 133.3 125.4 3.1 2.9 137.6 132.8 6.3 151.3 2 2.8 6.5 119.5 119.2 4.3 127.6 70.4 (1.2) (1.1) (0.7) 0.2 0.3 0.2 0.3 0.2 0.2 0.3 71.5 (1.1) 26.1 1.1 (10.3) 0 1.8 1.5 2.1 (12.9) (8.6) 9.3 4.7 2.9 2.5 1.8 1.8
Operating Cash Flow 278.6 253.3 245.6 258.9 276.9 202.4 258.5 224.9 271.6 185.3 247.6 215.5 204.6 198.7 222.6 234.7 213.2 190.6 223.5 182 224.6 165.4 174.5 149.6 177.4 140.2 136.3 117.8 148.3 126.1 126.2 115.4 141.5 110.5 120.9 101.2 102.2 75.6 110.9 102.1 107.5 67.2 290.3 55 51.4 38.1 17.4 14.1 32.8 (34.7) (38.9) (26.9) (34.8) (34.8)
Investing Activities
Capital Expenditure (23.1) (28.8) (210.1) (80) (63.4) (45.5) (95.1) (92.3) (63.9) (54.8) (63.5) (52.7) (43) (64.3) (61.6) (65.9) (55.9) (54.8) (43.2) (67.3) (26) (26.7) (55.1) (98.9) (69) (78.1) (111.5) (69) (55.9) (59.5) (71.7) (67) (60) (36.9) (38.3) (21.5) (29.2) (47.4) (79.4) (65.3) (67.1) (51.8) (346.5) (1.8) (5) (8.5) (15.9) (21.7) (68.5) (81.7) (121.1) (124.1) (114) (114)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (10) (16) (68) 0 (26) (17) (24.3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 143.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0 0 (10) (16) (7) 1.6 (26) (17) (24.3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investing Cash Flow (23.1) (28.8) (66.7) (80) (63.4) (45.5) (95.1) (92.3) (63.9) (54.8) (63.5) (52.7) (43) (64.3) (61.6) (65.9) (55.9) (54.8) (43.2) (67.3) (26) (26.7) (55.1) (98.9) (68.9) (78.1) (111.5) (79) (71.9) (127.5) (71.7) (93) (77) (61.2) (38.3) (21.5) (29.2) (47.4) (79.4) (65.3) (67.1) (51.8) (346.5) (1.8) (5) (8.5) (15.9) (21.7) (68.5) (81.7) (121.1) (124.1) (114) (114)
Financing Activities
Net Debt Issuance (94.5) (2.5) (25.5) 78 140 96.6 (20) 27.5 (2.5) 112.5 61.5 78 77 103 (25.3) (28) (5) (4) (50.5) 790.5 (67.5) (12.5) 0 0 12 0 0 13.5 (2.5) 7 0 0 0 0 0 0 0 0 0 0 0 0 (123.8) 0 (244.9) 0 28.8 29.9 56.4 70.7 94.6 109 0 0
Stock Repurchased 0 (60) 0 (100) (200) (100) 300 (100) (100) (100) (100) (100) (100) (100) 0 0 (400) 0 0 (750) 0 0 0 0 0 0 (156.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (53.2) 0 0 (2.7) (22.3) (20.7) 0 0 0 0 0
Dividends Paid (99.9) (98.9) (97.7) (96.6) (82.9) (73) (71.4) (61.1) (52.1) (50.7) (42.3) (34.2) (25.9) (25.1) (24.8) (24.5) (24.2) (17.5) (17.2) (12.7) (11.3) (8.2) (8.1) (8) (7.9) (7.6) (22.4) (22.9) (21.8) (20.8) (19.9) (19.3) (18.6) (17.9) (17.2) (15.1) (349.5) (95.3) (105.1) (82.4) (74.8) (44.6) 0 0 0 (29.6) (27.6) 0 0 0 0 0 0 0
Other Financing Activities (60.7) (60.4) (59.3) (59.3) (72.2) (78.7) (378) (88.3) 42.3 (93.5) (101.2) (106.3) (113.3) (111.8) (110.4) (116.1) 271.3 (113.5) (113) (143.7) (117.5) (119.1) (111.7) (42.2) (113.2) (54.7) 149.9 (41.9) (54.3) 33.4 (50) (25) (26.9) (41.1) (66.5) (59.6) 319.2 67.1 73.6 45.6 34.4 29.2 180 (53.2) 198.5 0 (2.7) (22.3) (20.7) 45.7 65.4 42 148.8 148.8
Financing Cash Flow (255.1) (221.8) (182.5) (177.9) (215.1) (155.1) (169.4) (221.9) (112.3) (131.7) (182) (162.5) (162.2) (133.9) (160.5) (168.6) (157.9) (135) (180.7) (115.9) (196.3) (139.8) (119.8) (50.2) (109.1) (62.3) (28.6) (50.2) (65) (15.4) (68.8) (44.3) (45.5) (59) (83.4) (74.7) (30.3) (28.2) (31.5) (36.8) (40.4) (15.4) 56.2 (53.2) (46.4) (29.6) (1.5) 7.6 35.7 116.4 160 151 148.8 148.8
Cash Position
Net Change in Cash 0.4 2.7 (3.6) 1 (1.6) 1.8 (6) (89.3) 95.4 (1.2) 2.1 0.3 (0.6) 0.5 0.5 0.2 (0.6) 0.8 (0.4) (1.2) 2.3 (1.1) (0.4) 0.5 (0.6) (0.2) (3.8) (11.4) 11.4 (16.8) (14.3) (21.9) 19 (9.7) (0.8) 5 42.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash at Beginning 4.6 1.9 5.5 4.5 6.1 4.3 10.3 99.6 4.2 5.4 3.3 3 3.6 3.1 2.6 2.4 3 2.2 2.6 3.8 1.5 2.6 3 2.5 3.1 3.3 7.1 14.9 3.5 20.3 34.6 56.5 37.5 47.2 48 43 0.3 0.3 0.3 0.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash at End 5 4.6 1.9 5.5 4.5 6.1 4.3 10.3 99.6 4.2 5.4 3.3 3 3.6 3.1 2.6 2.4 3 2.2 2.6 3.8 1.5 2.6 3 2.5 3.1 3.3 3.5 14.9 3.5 20.3 34.6 56.5 37.5 47.2 48 43 0.3 0.3 0.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Free Cash Flow 255.5 224.5 35.5 178.9 213.5 156.9 163.4 132.6 207.7 130.5 184.1 162.8 161.6 134.4 161 168.8 157.3 135.8 180.3 114.7 198.6 138.7 119.4 50.7 108.4 62.1 24.8 48.8 92.4 66.6 54.5 48.4 81.5 73.6 82.6 79.7 73 28.2 31.5 36.8 40.4 15.4 (56.2) 53.2 46.4 29.6 1.5 (7.6) (35.7) (116.4) (160) (151) (148.8) (148.8)
Key Metrics 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1
Income Statement
Revenue 399 388.7 403.1 419.6 413.5 381 395 377.6 364.6 354.7 359.5 362.5 323.5 304.3 313.9 334.2 313 312.1 316.3 303.9 294.8 288.8 266.5 264.7 269.8 290.6 305.5 214.9 190.2 189.4 171.1 169.3 164.5 156.8 150.3 146.7 138.3 130.3 151.6 120.3 119 118.9 273.3 102.2 100.5 89.1 79.2 70.3 65.7 39.6 60.4 80.8 64.2 64.2
Gross Profit 258.7 330.2 348.9 363 361.7 329.5 343.7 326.1 314.1 304.9 309.1 314.8 276.5 256.9 267.5 288.7 268 267.7 272.8 262.4 254.4 248.6 226.5 225.2 230.9 252.1 264.1 178.9 154.8 155.8 138.9 138.7 134.3 126.8 121 118.2 109.8 103.5 124 95.6 94.2 96.3 227.9 88.5 87.3 75.3 66 56.7 51.8 35.9 14.4 19.7 (29.4) (29.4)
Operating Income 253.2 238.1 251.6 258.9 260.2 237.4 243 231.7 222.3 222 210.1 220 198.1 188.7 196.4 204 195.3 195.5 199.9 159.2 185.6 182.5 154.7 137.2 131.8 152.8 88.9 99.3 91.2 95.8 92.2 97.1 95 89.3 77.6 76.9 68.6 63.1 69.6 48.4 41.3 47 89.4 39 37.5 29 19.4 15.9 12.8 (13.3) (61.1) (30.1) (36.3) (36.3)
Net Income 96.4 87.6 93.3 97.7 90.3 71.6 70.4 58.6 49.5 44.6 37.5 35.3 25.1 20.7 21.8 23.2 22 16.9 16.9 9.9 11 8.6 6.6 5.6 5.3 6.5 16.1 19.1 16.8 18.1 17.2 18.8 17.8 17 14.8 15 11.4 63.1 71 48.4 40.1 47 89.1 39 36.9 28.4 18.9 15.6 12.2 (13.8) (61.1) (30.1) (36.3) (36.3)
EPS (Diluted) 0.75 0.68 0.72 0.75 0.74 0.65 0.68 0.63 0.59 0.59 0.55 0.57 0.50 0.47 0.49 0.53 0.50 0.49 0.49 0.38 0.44 0.43 0.36 0.31 0.29 0.35 0.29 0.33 0.29 0.32 0.31 0.33 0.32 0.30 0.26 0.27 0.21 1.16 1.28 0.89 0.73 0.86 1.63 0.71 0.68 0.52 0.35 0.29 0.22 -0.25 -1.12 -0.55 -0.67 -0.67
Balance Sheet
Cash & Equivalents 5 4.6 1.9 5.5 4.5 6.1 4.3 10.3 99.6 4.2 5.4 3.3 3 3.6 3.1 2.6 2.4 3 2.2 2.6 3.8 1.5 2.6 3 2.5 3.1 3.3 3.5 14.9 3.5 109.3 34.6 56.5 37.5 47.2 48 43 0 0.3 0 0 0 0 0 0 0 0
Total Assets 4,256.6 4,317.2 4,388.3 4,437.7 4,423.1 4,263.6 4,151 4,146.9 4,050.1 3,862.8 3,789.5 3,775.5 3,659.7 3,578.5 3,588.2 3,601.5 3,598.7 3,482.5 3,485.6 3,455.8 3,386.4 3,388.6 3,374.5 3,371.7 3,323.6 3,314.5 3,277.7 3,005.3 2,925.9 2,870.6 2,991.2 2,805.4 2,742 2,661.3 2,635.1 2,618.3 2,612.7 2,591.1 2,574.4 2,355.5 1,333.6 1,340.9 1,362.5 1,374.8 1,358.3 1,365.5 1,268.7
Total Debt 3,680 3,772 3,772 3,794.9 3,714.4 3,571.8 3,471.9 3,489.8 3,460.3 3,325.4 3,211.4 3,148.3 3,068.7 2,990.1 2,885.6 2,909 2,937.4 2,560.9 2,563.5 2,612.6 1,832.3 1,898.7 1,910.1 1,903 1,827.7 1,814.6 1,753.5 11.8 0.3 7 981.1 0 0 0 0 0 0 0 0 0 0 0 989.8 1,018.9 990.1 960.2 833.1
Stockholders' Equity 514.6 518 568.3 572.5 635 601.3 530.7 531 464.5 404.3 340.2 367.4 302.1 227.9 245.1 247.8 248.7 203.9 204.1 135.7 184 184 125 126.2 128.2 130.7 131.5 490.9 494.4 499.3 1.2 504.4 504.8 505.3 506 508.4 508.4 2,273 1,935.9 2,097.5 1,276.7 1,283.6 303.3 275.6 287 293.5 270.3
Cash Flow
Operating Cash Flow 278.6 253.3 245.6 258.9 276.9 202.4 258.5 224.9 271.6 185.3 247.6 215.5 204.6 198.7 222.6 234.7 213.2 190.6 223.5 182 224.6 165.4 174.5 149.6 177.4 140.2 136.3 117.8 148.3 126.1 126.2 115.4 141.5 110.5 120.9 101.2 102.2 75.6 110.9 102.1 107.5 67.2 290.3 55 51.4 38.1 17.4 14.1 32.8 (34.7) (38.9) (26.9) (34.8) (34.8)
Capital Expenditure (23.1) (28.8) (210.1) (80) (63.4) (45.5) (95.1) (92.3) (63.9) (54.8) (63.5) (52.7) (43) (64.3) (61.6) (65.9) (55.9) (54.8) (43.2) (67.3) (26) (26.7) (55.1) (98.9) (69) (78.1) (111.5) (69) (55.9) (59.5) (71.7) (67) (60) (36.9) (38.3) (21.5) (29.2) (47.4) (79.4) (65.3) (67.1) (51.8) (346.5) (1.8) (5) (8.5) (15.9) (21.7) (68.5) (81.7) (121.1) (124.1) (114) (114)
Free Cash Flow 255.5 224.5 35.5 178.9 213.5 156.9 163.4 132.6 207.7 130.5 184.1 162.8 161.6 134.4 161 168.8 157.3 135.8 180.3 114.7 198.6 138.7 119.4 50.7 108.4 62.1 24.8 48.8 92.4 66.6 54.5 48.4 81.5 73.6 82.6 79.7 73 28.2 31.5 36.8 40.4 15.4 (56.2) 53.2 46.4 29.6 1.5 (7.6) (35.7) (116.4) (160) (151) (148.8) (148.8)