Segments (Tables)

9 Months Ended

Sep. 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 September 30, 2022
Revenues and other income	$	182.0	$	121.7	$	31.1	$	-		$	334.8
Net income (loss)		103.4		83.9		21.2		(49.1	)		159.4
Net income (loss) attributable to    Hess Midstream LP		18.9		15.2		4.0		(14.9	)		23.2
Depreciation expense		26.9		14.5		4.1		-			45.5
Proportional share of equity    affiliates' depreciation		-		1.3		-		-			1.3
Income from equity investments		-		2.8		-		-			2.8
Interest expense, net		-		-		-		39.9			39.9
Income tax expense		-		-		-		7.5			7.5
Adjusted EBITDA		130.3		99.7		25.3		(1.7	)		253.6
Capital expenditures*		55.8		2.6		2.2		-			60.6
	Gathering		Processing and Storage		Terminaling and Export		Interest and Other			Consolidated
(in millions)
For the Three Months Ended September 30, 2021
Revenues and other income	$	157.3	$	111.1	$	35.5	$	-		$	303.9
Net income (loss)		91.7		45.0		26.9		(32.5	)		131.1
Net income (loss) attributable to    Hess Midstream LP		8.7		4.5		2.5		(5.8	)		9.9
Depreciation expense		25.4		12.0		4.1		-			41.5
Proportional share of equity    affiliates' depreciation		-		1.3		-		-			1.3
Income from equity investments		-		3.0		-		-			3.0
Interest expense, net		-		-		-		28.0			28.0
Income tax expense		-		-		-		3.1			3.1
Adjusted EBITDA		117.1		58.3		31.0		(1.4	)		205.0
Capital expenditures*		45.4		13.7		-		-			59.1

	Gathering		Processing and Storage		Terminaling and Export		Interest and Other			Consolidated
(in millions)
For the Nine Months Ended September 30, 2022
Revenues and other income	$	511.8	$	352.0	$	96.8	$	-		$	960.6
Net income (loss)		296.8		243.3		64.4		(133.7	)		470.8
Net income (loss) attributable to    Hess Midstream LP		49.5		40.6		10.7		(38.7	)		62.1
Depreciation expense		79.4		43.3		12.2		-			134.9
Proportional share of equity affiliates' depreciation		-		3.9		-		-			3.9
Income from equity investments		-		4.2		-		-			4.2
Interest expense, net		-		-		-		108.6			108.6
Income tax expense		-		-		-		19.6			19.6
Adjusted EBITDA		376.2		290.5		76.6		(5.5	)		737.8
Capital expenditures*		159.2		4.8		5.4		-			169.4
	Gathering		Processing and Storage		Terminaling and Export		Interest and Other			Consolidated
(in millions)
For the Nine Months Ended September 30, 2021
Revenues and other income	$	464.6	$	319.9	$	103.0	$	-		$	887.5
Net income (loss)		276.5		187.5		77.0		(88.3	)		452.7
Net income (loss) attributable to    Hess Midstream LP		23.2		15.6		6.5		(15.8	)		29.5
Depreciation expense		75.5		34.4		12.2		-			122.1
Proportional share of equity affiliates' depreciation		-		3.9		-		-			3.9
Income from equity investments		-		8.6		-		-			8.6
Interest expense, net		-		-		-		74.0			74.0
Income tax expense (benefit)		-		-		-		9.2			9.2
Adjusted EBITDA		352.0		225.8		89.2		(5.1	)		661.9
Capital expenditures*		103.0		25.5		0.1		-			128.6

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

Total Assets for Reportable Segments

Total assets for the reportable segments are as follows:

	September 30, 2022		December 31, 2021
(in millions)
Gathering	$	2,016.1	$	1,927.0
Processing and Storage(1)		1,112.5		1,149.5
Terminaling and Export		274.2		281.4
Interest and Other		198.7		127.7
Total assets	$	3,601.5	$	3,485.6

(1) Includes investment in equity investees of $98.3 million as of September 30, 2022 and $101.6 million as of December 31, 2021.