Hess Midstream LP (Hess Midstream LP) COGS-to-Revenue : 0.14 (As of Dec. 2023)

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What is Hess Midstream LP COGS-to-Revenue?

Hess Midstream LP's Cost of Goods Sold for the three months ended in Dec. 2023 was $50 Mil. Its Revenue for the three months ended in Dec. 2023 was $360 Mil.

Hess Midstream LP's COGS to Revenue for the three months ended in Dec. 2023 was 0.14.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hess Midstream LP's Gross Margin % for the three months ended in Dec. 2023 was 85.98%.

Hess Midstream LP COGS-to-Revenue Historical Data

The historical data trend for Hess Midstream LP's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hess Midstream LP COGS-to-Revenue Chart

Hess Midstream LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.17

0.14

Hess Midstream LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.15	0.16	0.15	0.13	0.14

Hess Midstream LP COGS-to-Revenue Calculation

Hess Midstream LP's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	192.5	/	1346.1
	=	0.14

Hess Midstream LP's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	50.4	/	359.5
	=	0.14

Hess Midstream LP (NYSE:HESM) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Hess Midstream LP's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	50.4 / 359.5
	=	85.98 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Hess Midstream LP COGS-to-Revenue Related Terms

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Hess Midstream LP (Hess Midstream LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hess Midstream LP (NYSE:HESM) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

N/A

Address

1501 McKinney Street, Houston, TX, USA, 77010

Website

https://www.hessmidstream.com

Hess Midstream LP owns, operates, develops, and acquires a diverse set of midstream assets and provides fee-based services to Hess and third-party customers. It conducts its business through three operating segments: gathering, processing and storage, and terminaling and exporting. The company derives the maximum revenue from the gathering segment. Its gathering segment consists of the following assets namely Natural Gas Gathering and Compression; Crude Oil Gathering and Produced Water Gathering and Disposal.

Executives

Global Infrastructure Investors Ii, Llc	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 12 E. 49TH STREET, NEW YORK NY 10017
Hess Corp	director, 10 percent owner	1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Jonathan C. Stein	officer: Chief Financial Officer	HESS MIDSTREAM PARTNERS LP, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
John A. Gatling	officer: President and COO	HESS MIDSTREAM PARTNERS LP, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Geurt G Schoonman	director	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
James K Lee	director	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Gip Ii Blue Holding, L.p.	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE MANAGEMENT LLC, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Letwin Stephen J J	director	HESS MIDSTREAM PARTNERS LP, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
John B Hess	director, officer: Chairman and CEO	C/O HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Global Infrastructure Gp Ii, L.p.	director, 10 percent owner	12 EAST 49TH STREET, 38TH FLOOR, NEW YORK NY 10017
J Patrick Reddy	director
Hess Infrastructure Partners Gp Llc	director, 10 percent owner	1501 MCKINNEY STREET, HOUSTON TX 77010
Hess Midstream Gp Llc	director, 10 percent owner	1501 MCKINNEY STREET, HOUSTON TX 77010
Hess Midstream Gp Lp	director, 10 percent owner	1501 MCKINNEY STREET, HOUSTON TX 77010
Gip Blue Holding Gp, Llc	director, 10 percent owner	12 EAST 49TH STREET, 38TH FLOOR, NEW YORK NY 10017