Hess Midstream LP logo HESM - Hess Midstream LP

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 1
HOLD 6
SELL 2
STRONG
SELL
0
| PRICE TARGET: $35.50 DETAILS
HIGH: $39.00
LOW: $32.00
MEDIAN: $35.50
CONSENSUS: $35.50
DOWNSIDE: 11.70%
Metric 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 390.1 404.2 420.9 413.5 381 395 377.6 364.6 354.7 359.5 362.5 323.5 304.3 313.9 334.2 313 312.1 316.3 303.9 294.8 288.8 266.5 264.7 269.8 290.6 305.5 214.9 190.2 189.4 171.1 169.3 164.5 156.8 150.3 146.7 138.3 130.3 151.6 120.3 119 118.9 273.3 102.2 100.5 89.1 79.2 70.3 65.7 39.6 60.4 80.8 64.2 64.2
Cost of Revenue 144.1 147 154.7 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 246 257.2 266.2 361.7 329.5 343.7 326.1 314.1 304.9 309.1 314.8 276.5 256.9 267.5 288.7 268 267.7 272.8 262.4 254.4 248.6 226.5 225.2 230.9 252.1 264.1 178.9 154.8 155.8 138.9 138.7 134.3 126.8 121 118.2 109.8 103.5 124 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
SG&A Expenses 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 0 0 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 7.9 5.6 7.3 101.5 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 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 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 1.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 299.8 309.1 320.7 316 292.3 298.2 286.9 276.5 274.5 262.9 269.7 246.8 237.7 252.3 252.3 241.3 240.3 245.4 197.7 228.9 225.4 197.6 180.3 171.7 194 134.2 135.8 126.6 129.4 124.4 127.7 125.2 119.3 106.9 105.4 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 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 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 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 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) 0.68 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 0.51 0.40 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) 0.68 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 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 34.5 26.1 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 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 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
Net Receivables 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 (0.7) 0.5 0.4 0.4 0.4 0.4 0.6 0.6 0.3
Other Current Assets 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 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 3,322.1 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
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
Long-Term Investments 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 4.7 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 4,151.4 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 4,317.2 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 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 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 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 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 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 3,737 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 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 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 3,761.2 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 3,942.4 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 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
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 0.2 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 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 4,317.2 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 3,772 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 3,767.4 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 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 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 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 41.4 41.1 38.9 40.3 38.8 34.5 34 32.6 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 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 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 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 6.5 118.1 117.6 4.3 125.8 69.1 0.3 0.3 0.3 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 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 (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 (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
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
Other Investing Activities 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 (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 (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 (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 (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 (60.4) (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 (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 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 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 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 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 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 390.1 404.2 420.9 413.5 381 395 377.6 364.6 354.7 359.5 362.5 323.5 304.3 313.9 334.2 313 312.1 316.3 303.9 294.8 288.8 266.5 264.7 269.8 290.6 305.5 214.9 190.2 189.4 171.1 169.3 164.5 156.8 150.3 146.7 138.3 130.3 151.6 120.3 119 118.9 273.3 102.2 100.5 89.1 79.2 70.3 65.7 39.6 60.4 80.8 64.2 64.2
Gross Profit 246 257.2 266.2 361.7 329.5 343.7 326.1 314.1 304.9 309.1 314.8 276.5 256.9 267.5 288.7 268 267.7 272.8 262.4 254.4 248.6 226.5 225.2 230.9 252.1 264.1 178.9 154.8 155.8 138.9 138.7 134.3 126.8 121 118.2 109.8 103.5 124 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 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 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) 0.68 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 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 4,317.2 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 3,772 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 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 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 (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 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)