v3.26.1
Earnings per Share (Tables)
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of 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 March 31,

 

 

(in millions, except per share amounts)

 

2026

 

 

2025

 

 

Net income

 

$

157.7

 

 

$

161.4

 

 

Less: Net income attributable to noncontrolling interest

 

 

70.1

 

 

 

89.8

 

 

Net income attributable to Hess Midstream LP

 

 

87.6

 

 

 

71.6

 

 

Net income attributable to Hess Midstream LP
   per Class A share:

 

 

 

 

 

 

 

Basic:

 

$

0.68

 

 

$

0.65

 

 

Diluted:

 

$

0.68

 

 

$

0.65

 

 

Weighted average Class A shares outstanding:

 

 

 

 

 

 

 

Basic:

 

 

129.2

 

 

 

110.7

 

 

Diluted:

 

 

129.2

 

 

 

110.8