Segments (Tables)

9 Months Ended

Sep. 30, 2020

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, 2020
Revenues and other income	$	142.9	$	90.2	$	31.7	$	-		$	264.8
Net income (loss)		72.4		50.7		18.0		(25.3	)		115.8
Net income (loss) attributable to    Hess Midstream LP		4.5		3.2		1.1		(3.2	)		5.6
Depreciation expense		24.2		11.2		4.1		-			39.5
Proportional share of equity affiliates' depreciation		-		1.3		-		-			1.3
Income from equity investments		-		3.6		-		-			3.6
Interest expense, net		-		-		-		23.2			23.2
Income tax expense (benefit)		-		-		-		1.8			1.8
Adjusted EBITDA		96.6		63.2		22.1		(0.3	)		181.6
Capital expenditures*		30.2		36.1		0.1		-			66.4
	Gathering		Processing and Storage		Terminaling and Export		Interest and Other			Consolidated
(in millions)
For the Three Months Ended September 30, 2019
Revenues and other income	$	105.9	$	74.0	$	35.0	$	-		$	214.9
Net income (loss)		46.5		42.8		14.3		(16.2	)		87.4
Net income (loss) attributable to    Hess Midstream LP		9.1		8.8		2.8		(1.6	)		19.1
Depreciation expense		20.8		11.2		4.0		-			36.0
Proportional share of equity affiliates' depreciation		-		0.5		-		-			0.5
Interest expense, net		-		-		-		12.4			12.4
Adjusted EBITDA		67.3		54.5		18.3		(3.8	)		136.3
Capital expenditures*		96.7		15.0		0.4		-			112.1

	Gathering		Processing and Storage		Terminaling and Export		Interest and Other			Consolidated
(in millions)
For the Nine Months Ended September 30, 2020
Revenues and other income	$	420.9	$	274.0	$	130.5	$	-		$	825.4
Net income (loss)		220.0		159.2		54.6		(81.2	)		352.6
Net income (loss) attributable to    Hess Midstream LP		13.9		10.0		3.4		(9.9	)		17.4
Depreciation expense		71.2		33.6		12.1		-			116.9
Proportional share of equity affiliates' depreciation		-		3.8		-		-			3.8
Income from equity investments		-		7.2		-		-			7.2
Interest expense, net		-		-		-		71.3			71.3
Income tax expense (benefit)		-		-		-		5.2			5.2
Gain on sale of property, plant and equipment		0.1		-		-		-			0.1
Adjusted EBITDA		291.1		196.6		66.7		(4.7	)		549.7
Capital expenditures*		71.9		129.9		0.4		-			202.2
	Gathering		Processing and Storage		Terminaling and Export		Interest and Other			Consolidated
(in millions)
For the Nine Months Ended September 30, 2019
Revenues and other income	$	298.0	$	208.0	$	88.8	$	-		$	594.8
Net income (loss)		132.5		124.2		38.8		(52.9	)		242.6
Net income (loss) attributable to    Hess Midstream LP		25.8		25.4		7.8		(5.0	)		54.0
Depreciation expense		59.5		33.5		12.0		-			105.0
Proportional share of equity affiliates' depreciation		-		0.5		-		-			0.5
Interest expense, net		-		-		-		44.2			44.2
Adjusted EBITDA		192.0		158.2		50.8		(8.7	)		392.3
Capital expenditures*		284.2		23.7		0.1		-			308.0

*Includes acquisition, expansion and maintenance capital expenditures.

Total Assets for Reportable Segments

Total assets for the reportable segments are as follows:

	September 30, 2020		December 31, 2019
(in millions)
Gathering	$	1,862.6	$	1,844.9
Processing and Storage(1)		1,153.7		1,055.1
Terminaling and Export		296.1		310.7
Interest and Other		59.3		67.0
Total assets	$	3,371.7	$	3,277.7

(1) Includes investment in equity investees of $108.2 million as of September 30, 2020 and $107.8 as of December 31, 2019.