Segments (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Financial Data for Each Reportable Segment

The following tables reflect certain financial data for each reportable segment:

	Gathering		Processing and Storage		Terminaling and Export		Interest and Other			Consolidated
(in millions)
For the Three Months Ended June 30, 2022
Revenues and other income	$	166.2	$	116.5	$	30.7	$	-		$	313.4
Net income (loss)		95.2		81.3		21.3		(46.0	)		151.8
Net income (loss) attributable to    Hess Midstream LP		17.6		15.0		3.8		(14.4	)		22.0
Depreciation expense		26.6		14.4		4.0		-			45.0
Proportional share of equity    affiliates' depreciation		-		1.3		-		-			1.3
Income from equity investments		-		1.0		-		-			1.0
Interest expense, net		-		-		-		37.4			37.4
Income tax expense		-		-		-		7.1			7.1
Adjusted EBITDA		121.8		97.0		25.3		(1.5	)		242.6
Capital expenditures*		67.7		1.3		2.7		-			71.7
	Gathering		Processing and Storage		Terminaling and Export		Interest and Other			Consolidated
(in millions)
For the Three Months Ended June 30, 2021
Revenues and other income	$	154.6	$	105.3	$	34.9	$	-		$	294.8
Net income (loss)		92.4		71.6		26.1		(28.1	)		162.0
Net income (loss) attributable to    Hess Midstream LP		8.1		6.3		2.4		(5.8	)		11.0
Depreciation expense		25.2		11.2		4.0		-			40.4
Proportional share of equity    affiliates' depreciation		-		1.3		-		-			1.3
Income from equity investments		-		2.9		-		-			2.9
Interest expense, net		-		-		-		22.9			22.9
Income tax expense		-		-		-		3.6			3.6
Adjusted EBITDA		117.6		84.1		30.1		(1.6	)		230.2
Capital expenditures*		38.2		8.1		0.1		-			46.4

	Gathering		Processing and Storage		Terminaling and Export		Interest and Other			Consolidated
(in millions)
For the Six Months Ended June 30, 2022
Revenues and other income	$	329.8	$	230.3	$	65.7	$	-		$	625.8
Net income (loss)		193.4		159.4		43.2		(84.6	)		311.4
Net income (loss) attributable to    Hess Midstream LP		30.6		25.4		6.7		(23.8	)		38.9
Depreciation expense		52.5		28.8		8.1		-			89.4
Proportional share of equity affiliates' depreciation		-		2.6		-		-			2.6
Income from equity investments		-		1.4		-		-			1.4
Interest expense, net		-		-		-		68.7			68.7
Income tax expense		-		-		-		12.1			12.1
Adjusted EBITDA		245.9		190.8		51.3		(3.8	)		484.2
Capital expenditures*		103.4		2.2		3.2		-			108.8
	Gathering		Processing and Storage		Terminaling and Export		Interest and Other			Consolidated
(in millions)
For the Six Months Ended June 30, 2021
Revenues and other income	$	307.3	$	208.8	$	67.5	$	-		$	583.6
Net income (loss)		184.8		142.5		50.1		(55.8	)		321.6
Net income (loss) attributable to    Hess Midstream LP		14.5		11.1		4.0		(10.0	)		19.6
Depreciation expense		50.1		22.4		8.1		-			80.6
Proportional share of equity affiliates' depreciation		-		2.6		-		-			2.6
Income from equity investments		-		5.6		-		-			5.6
Interest expense, net		-		-		-		46.0			46.0
Income tax expense (benefit)		-		-		-		6.1			6.1
Adjusted EBITDA		234.9		167.5		58.2		(3.7	)		456.9
Capital expenditures*		57.6		11.8		0.1		-			69.5

*Includes acquisition, expansion and maintenance capital expenditures, as applicable.

Total Assets for Reportable Segments

Total assets for the reportable segments are as follows:

	June 30, 2022		December 31, 2021
(in millions)
Gathering	$	1,988.0	$	1,927.0
Processing and Storage(1)		1,133.1		1,149.5
Terminaling and Export		277.1		281.4
Interest and Other		200.5		127.7
Total assets	$	3,598.7	$	3,485.6

(1) Includes investment in equity investees of $96.9 million as of June 30, 2022 and $101.6 million as of December 31, 2021.