Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2023

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 June 30,				Six Months Ended June 30,
(in millions, except per share amounts)	2023		2022		2023		2022
Net income	$	147.9	$	151.8	$	290.1	$	311.4
Less: Net income attributable to noncontrolling interest		122.8		129.8		244.3		272.5
Net income attributable to Hess Midstream LP		25.1		22.0		45.8		38.9
Net income attributable to Hess Midstream LP    per Class A share:
Basic:	$	0.50	$	0.51	$	0.97	$	1.01
Diluted:	$	0.50	$	0.50	$	0.97	$	0.99
Weighted average Class A shares outstanding:
Basic:		50.1		43.7		47.1		38.7
Diluted:		50.2		43.7		47.1		38.8