Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Summary of Difference between the Effective Income Tax Rate and U.S. Statutory Rate

The difference between the effective income tax rate and the U.S. statutory rate is reconciled below:

	Year Ended December 31,
	2019 (1)				2018 (2)				2017 (2)
U.S. statutory rate		21.0		%		21.0		%		35.0		%
Non-taxable income from pre-Restructuring period		(21.4	)			(20.6	)			(37.6	)
Change in enacted tax laws		-				-				(1.7	)
Noncontrolling interest in partnership		0.4				-				-
Valuation allowance		-				(0.4	)			4.3
Effective rate		-		%		-		%		-		%
(1) Represents effective income tax rate reconciliation for Hess Midstream LP.
(2) Represents effective income tax rate reconciliation for the pre-Restructuring period, inclusive of stand-alone income tax provision for Hess Water Services.

Components of Deferred Tax Assets and Liabilities

The components of deferred tax assets and liabilities are as follows:

	December 31,
	2019(1)		2018(2)
(in millions)
Deferred tax liabilities
Investments	$	0.2	$	-
Property, plant and equipment		-		10.7
Total deferred tax liabilities		0.2		10.7
Deferred tax assets
Investments		49.8		-
Net operating loss carryforwards		0.2		16.9
Asset retirement obligations		-		0.2
Total deferred tax assets		50.0		17.1
Valuation allowance		-		(6.4	)
Total deferred tax assets, net of valuation allowance		50.0		10.7
Net deferred tax assets (liabilities)	$	49.8	$	-
(1) Represents components of deferred tax assets and liabilities for Hess Midstream LP.
(2) Represents components of deferred tax assets and liabilities for Hess Water Services.