Segments (Tables)

6 Months Ended

Jun. 30, 2023

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, 2023
Revenues and other income	$	174.5	$	122.8	$	26.7	$	-		$	324.0
Net income (loss)		100.0		85.1		16.7		(53.9	)		147.9
Net income (loss) attributable to    Hess Midstream LP		21.3		18.3		3.4		(17.9	)		25.1
Depreciation expense		28.2		14.5		4.3		-			47.0
Proportional share of equity affiliates' depreciation		-		1.3		-		-			1.3
Income from equity investments		-		1.7		-		-			1.7
Interest expense, net		-		-		-		43.8			43.8
Income tax expense		-		-		-		8.1			8.1
Adjusted EBITDA		128.2		100.9		21.0		(2.0	)		248.1
Capital expenditures*		46.4		2.7		3.0		-			52.1
	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 Six Months Ended June 30, 2023
Revenues and other income	$	339.2	$	237.2	$	52.6	$	-		$	629.0
Net income (loss)		195.1		165.2		34.3		(104.5	)		290.1
Net income (loss) attributable to    Hess Midstream LP		38.7		32.8		6.7		(32.4	)		45.8
Depreciation expense		57.0		29.0		8.4		-			94.4
Proportional share of equity affiliates' depreciation		-		2.6		-		-			2.6
Income from equity investments		-		3.3		-		-			3.3
Interest expense, net		-		-		-		85.4			85.4
Income tax expense		-		-		-		14.6			14.6
Adjusted EBITDA		252.1		196.8		42.7		(4.5	)		487.1
Capital expenditures*		95.8		3.6		10.0		-			109.4
	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

*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, 2023		December 31, 2022
(in millions)
Gathering	$	2,053.0	$	2,022.0
Processing and Storage(1)		1,068.1		1,099.2
Terminaling and Export		272.0		275.8
Interest and Other		266.6		191.2
Total assets	$	3,659.7	$	3,588.2

(1) Includes investment in equity investees of $92.8 million as of June 30, 2023 and $93.9 million as of December 31, 2022.