XML 24 R17.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Earnings per Share | 6 Months Ended
--- | ---
Jun. 30, 2024
Earnings Per Share [Abstract] |
Earnings per Share | Note 8. 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) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Net income |  | $ | 160.3 |  |  | $ | 147.9 |  |  | $ | 322.2 |  |  | $ | 290.1 |
Less: Net income attributable to noncontrolling interest |  |  | 110.8 |  |  |  | 122.8 |  |  |  | 228.1 |  |  |  | 244.3 |
Net income attributable to Hess Midstream LP |  |  | 49.5 |  |  |  | 25.1 |  |  |  | 94.1 |  |  |  | 45.8 |
Net income attributable to Hess Midstream LP per Class A share: |  |  |  |  |  |  |  |  |  |  |  |
Basic: |  | $ | 0.59 |  |  | $ | 0.50 |  |  | $ | 1.19 |  |  | $ | 0.97 |
Diluted: |  | $ | 0.59 |  |  | $ | 0.50 |  |  | $ | 1.19 |  |  | $ | 0.97 |
Weighted average Class A shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |
Basic: |  |  | 83.8 |  |  |  | 50.1 |  |  |  | 79.5 |  |  |  | 47.1 |
Diluted: |  |  | 83.8 |  |  |  | 50.2 |  |  |  | 79.5 |  |  |  | 47.1 |
For the three and six months ended June 30, 2024 the weighted average number of Class A Shares outstanding included 17,859 and 29,143 d ilutive restricted shares, respectively, compared with 19,640 and 40,103 dilutive restricted shares for the three and six months ended June 30, 2023, respectively.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration