Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Schedule of Earnings per Share

We calculate earnings per Class A Share as we do not have any other participating securities. Substantially all of income tax expense is attributed to earnings of Class A Shares reflective of our organizational structure. Class B Units of the Partnership together with the equal number of Class B Shares of the Company are convertible to Class A Shares of the Company on a one-for-one basis. In addition, our restricted equity-based awards may have a dilutive effect on our earnings per share. Diluted earnings per Class A Share are calculated using the “treasury stock method” or “if-converted method,” whichever is more dilutive.

	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions, except per share amounts)	2022		2021		2022		2021
Net income	$	159.4	$	131.1	$	470.8	$	452.7
Less: Net income attributable to noncontrolling interest		136.2		121.2		408.7		423.2
Net income attributable to Hess Midstream LP		23.2		9.9		62.1		29.5
Net income attributable to Hess Midstream LP    per Class A share:
Basic:	$	0.53	$	0.39	$	1.54	$	1.27
Diluted:	$	0.53	$	0.38	$	1.52	$	1.25
Weighted average Class A shares outstanding:
Basic:		44.0		25.0		40.5		23.1
Diluted:		44.1		25.1		40.5		23.2