Earnings per Share/Limited Partner Unit (Tables)

6 Months Ended

Jun. 30, 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 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