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Earnings per Share/Limited Partner Unit (Tables) | 6 Months Ended
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Jun. 30, 2020
Earnings Per Share [Abstract] |
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 June 30, |  |  | Six Months Ended June 30, |
(in millions, except per share amounts) | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Net income | $ | 107.8 |  |  | $ | 74.4 |  |  | $ | 236.8 |  |  | $ | 155.2 |
Less: Net income attributable to net parent investment |  | - |  |  |  | (16.5 | ) |  |  | - |  |  |  | (31.0 | )
Less: Net income attributable to noncontrolling interest |  | 102.5 |  |  | 74.1 |  |  |  | 225.0 |  |  | 151.3 |
Net income attributable to Hess Midstream LP |  | 5.3 |  |  |  | 16.8 |  |  |  | 11.8 |  |  |  | 34.9 |
Less: General partner's interest in net income prior to the Restructuring |  | - |  |  |  | 1.0 |  |  |  | - |  |  |  | 1.8 |
Limited partners' interest in net income | $ | 5.3 |  |  | $ | 15.8 |  |  | $ | 11.8 |  |  | $ | 33.1 |
Common unitholders' interest in net income attributable to Hess Midstream LP |  |  |  |  | $ | 7.9 |  |  |  |  |  |  | $ | 16.6 |
Subordinated unitholders' interest in net income attributable to Hess Midstream LP |  |  |  |  | $ | 7.9 |  |  |  |  |  |  | $ | 16.5 |
Net income attributable to Hess Midstream LP per Class A share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic: | $ | 0.29 |  |  |  |  |  |  | $ | 0.66 |  |  |  |  |
Diluted: | $ | 0.29 |  |  |  |  |  |  | $ | 0.64 |  |  |  |  |
Net income attributable to Hess Midstream LP per limited partner unit (basic and diluted): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common |  |  |  |  | $ | 0.29 |  |  |  |  |  |  | $ | 0.61 |
Subordinated |  |  |  |  | $ | 0.29 |  |  |  |  |  |  | $ | 0.61 |
Weighted average Class A shares outstanding subsequent to the Restructuring: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic: |  | 18.0 |  |  |  |  |  |  |  | 18.0 |  |  |  |  |
Diluted: |  | 18.1 |  |  |  |  |  |  |  | 18.1 |  |  |  |  |
Weighted average limited partner units outstanding prior to the Restructuring |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common |  |  |  |  |  | 27.3 |  |  |  |  |  |  |  | 27.3 |
Subordinated |  |  |  |  |  | 27.3 |  |  |  |  |  |  |  | 27.3 |
Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common |  |  |  |  |  | 27.5 |  |  |  |  |  |  |  | 27.5 |
Subordinated |  |  |  |  |  | 27.3 |  |  |  |  |  |  |  | 27.3 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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