Earnings per Share/Limited Partner Unit (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of Earnings per Share Limited Partner Unit

Subsequent to the Restructuring, we calculate earnings per Class A Share and we do not have any other participating securities. 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 March 31,
(in millions, except per share amounts)	2020		2019
Net income	$	129.0	$	80.8
Less: Net income attributable to net parent investment		-		(14.5	)
Less: Net income attributable to noncontrolling interest		122.5	77.2
Net income attributable to Hess Midstream LP		6.5		18.1
Less: General partner's interest in net income prior to the Restructuring		-		0.8
Limited partners' interest in net income	$	6.5	$	17.3
Common unitholders' interest in net income attributable to Hess Midstream LP			$	8.7
Subordinated unitholders' interest in net income attributable to Hess Midstream LP			$	8.6
Net income attributable to Hess Midstream LP per Class A share:
Basic:	$	0.37
Diluted:	$	0.35
Net income attributable to Hess Midstream LP per limited partner unit (basic and diluted):
Common			$	0.32
Subordinated			$	0.32

Weighted average Class A shares outstanding subsequent to the Restructuring:
Basic:		18.0
Diluted:		18.0
Weighted average limited partner units outstanding prior to the Restructuring
Basic:
Common				27.3
Subordinated				27.3
Diluted:
Common				27.4
Subordinated				27.3