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Earnings per Share | 6 Months Ended
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Jun. 30, 2021
Earnings Per Share [Abstract] |
Earnings per Share | Note 10. Earnings per Share We calculate earnings per Class A Share as we do not have any other participating securities. Substantially all of income tax expense is attributed to earnings of Class A Shares reflective of our organizational structure. 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) | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Net income | $ | 162.0 |  |  | $ | 107.8 |  |  | $ | 321.6 |  |  | $ | 236.8 |
Less: Net income attributable to noncontrolling interest |  | 151.0 |  |  |  | 102.5 |  |  |  | 302.0 |  |  |  | 225.0 |
Net income attributable to Hess Midstream LP |  | 11.0 |  |  |  | 5.3 |  |  |  | 19.6 |  |  |  | 11.8 |
Net income attributable to Hess Midstream LP per Class A share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic: | $ | 0.44 |  |  | $ | 0.29 |  |  | $ | 0.89 |  |  | $ | 0.66 |
Diluted: | $ | 0.44 |  |  | $ | 0.29 |  |  | $ | 0.87 |  |  | $ | 0.64 |
Weighted average Class A shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic: |  | 25.0 |  |  |  | 18.0 |  |  |  | 22.2 |  |  |  | 18.0 |
Diluted: |  | 25.1 |  |  |  | 18.1 |  |  |  | 22.3 |  |  |  | 18.1 |
For the three and six months ended June 30, 2021 the weighted average number of Class A shares outstanding included 77,748 and 99,985 dilutive restricted shares, respectively, compared with 77,845 and 65,144 dilutive restricted shares for the three and six months ended June 30, 2020, respectively.

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