v3.26.1
Earnings per Share
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings per Share

Note 7. 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)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

Net income

 

$

173.7

 

 

$

179.7

 

 

$

331.4

 

 

$

341.1

 

 

Less: Net income attributable to noncontrolling interest

 

 

77.3

 

 

 

89.4

 

 

 

147.4

 

 

 

179.2

 

 

Net income attributable to Hess Midstream LP

 

 

96.4

 

 

 

90.3

 

 

 

184.0

 

 

 

161.9

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

$

0.75

 

 

$

0.74

 

 

$

1.43

 

 

$

1.39

 

 

Diluted:

 

$

0.75

 

 

$

0.74

 

 

$

1.43

 

 

$

1.39

 

 

Weighted average Class A shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

128.4

 

 

 

121.8

 

 

 

128.8

 

 

 

116.3

 

 

Diluted:

 

 

128.4

 

 

 

121.8

 

 

 

128.8

 

 

 

116.3

 

 

 

For the three and six months ended June 30, 2026 and 2025, we did not have any material dilutive restricted shares.