Hess

Hess Corp is an exploration and production company, which engages in exploration, development, production, transportation, purchase & sale of crude oil, natural gas liquids and natural gas with production operations. It operates through the following segments: Exploration and Production and Midstream. The Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, natural gas liquids and natural gas. The Midstream segment provides fee-based services including crude oil and natural gas gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminaling and loading crude oil and natural gas liquids, and the storage and terminaling of propane, primarily in the Bakken shale play of North Dakota. The company was founded by Leon Hess in 1920 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Hess reports robust performance in 2022, eyes growth in Guyana

Hess is well-positioned for growth with strong operational and financial performance, supported by a focus on sustainability and shareholder value.
Challenges include managing cost pressures and operational targets, but opportunities in Guyana and Bakken offer avenues for future growth and value creation.
The company's strategic approach to exploration, hedging, and shareholder returns reflects a balanced strategy aimed at long-term success and value creation.

Hess reports robust Q1 performance, eyes growth in exploration

Hess showcased strong operational performance and strategic focus on high-return growth areas.
Analysts probed on cost trends, exploration risks, and the company's financial resilience.
The company's partnership with Hess Midstream and exploration plans offer growth opportunities.
Overall, Hess's Q1 2023 earnings call highlighted a mix of performance, challenges, and growth prospects.

Hess reports strong operational performance and growth opportunities ahead

Hess showcased strong operational performance with production successes in key regions and strategic focus on profitable growth.
Despite financial challenges in Q2 2023, the company aims for industry-leading cash flow growth through 2027 and shareholder value enhancement.
Opportunities lie in Guyana FPSO developments, Pickerel discovery profitability, and Gulf of Mexico subsalt exploration advancements.
Challenges include lower earnings, energy transition gaps, operational optimizations, and maintaining cash flow in Southeast Asia.

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Oil and gas continues to grow despite the rise of preferred energy sources due to a lack of realistic plans and investment in alternative energy. Chart Industries, a major supplier of natural gas handling equipment, has a positive outlook and booming business in the hydrogen, carbon capture, and natural gas markets. The low investment in renewable energy transition hinders a fast energy transition, resulting in a bright outlook for oil and gas despite market share concerns.

Hess: The Future Of Oil And Gas

Hess Midstream operates in the midstream industry, providing services to Hess Corporation and generating reliable and sustainable free cash flow. HESM has a high dividend yield of over 8% and expects 10% FCF growth each year until 2025, supporting further dividend raises. HESM has outperformed the XLE and has a declining price-to-earnings ratio, making it an appealing investment with reliable earnings potential.

Hess Midstream: Best In Class With A Reliable Dividend

Non-Iridium Materials Tackle Supply Chain Hurdles for Sustainable Hydrogen Production TULSA, OK / ACCESSWIRE / September 26, 2023 / Jericho Energy Ventures Inc. (TSXV:JEV)(OTC PINK:JROOF)(FRA:JLM) ("Jericho", "JEV" or the "Company") is pleased to announce that its portfolio company, H2U Technologies ("H2U"), a next-generation electrolyzer developer, has reported results from durability tests on new, lower-cost, iridium-free catalyst materials that demonstrate a projected lifetime of 25,000 hours . JEV co-led H2U's 2021 Series A financing alongside Dolby Family Ventures, Hess Corporation (NYSE: HES) and Motus Ventures, and also has an appointee to H2U's Board of Directors.

Jericho Energy Ventures' Portfolio Company H2U Achieves Unprecedented Performance and Durability with Non-Iridium Catalysts

Hess Corporation's recent decline in value presents a strong investment opportunity. The company expects significant production growth through 2027, supported by projects in Guyana and shale. Hess Corporation has minimal debt obligations and strong assets, making it poised for strong shareholder returns.

Hess Corporation: Time To Buy The Dip

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The price of WTI and Brent crude continues to rise as Wall Street traders eye a deeper supply deficits in the fourth quarter after Saudi Arabia and Russia extended supply cuts.

Oil spikes above $91 on supply concerns

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ENB and HESM offer attractive dividend yields. Both have very stable cash flow profiles with low commodity risk. We compare them side by side and share our view on which is the better buy.

Better High Yield Buy: Enbridge Stock Or Hess Midstream Stock

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NEW YORK--(BUSINESS WIRE)--Hess to Participate in Barclays CEO Energy-Power Conference.

Hess to Participate in Barclays CEO Energy-Power Conference

Hess Midstream has demonstrated stellar financial performance over the past decade with wide profitability metrics. The stock currently offers investors an 8.3% forward dividend yield, which I consider safe. My valuation analysis suggests the stock is massively undervalued.

Hess Midstream: An 8.3% Dividend Yield Is A Gift For Value Investors

Hess (HES) reported earnings 30 days ago. What's next for the stock?

Why Is Hess (HES) Up 1.4% Since Last Earnings Report?

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Favorable oil price is backing modestly higher production volumes in Bakken. Companies that are well-poised to gain are Hess (HES), Marathon Oil (MRO) and ConocoPhillips (COP).

Keep a Close Watch on These 3 Bakken Stocks: Here's Why

Hess' latest Guyana platform should have first oil either late in the third quarter or early in the fourth quarter. The Hess interest in this platform should be roughly 60K BOD which is nearly 20% of current production. The acceleration could imply that the partnership sees higher oil prices coming potentially sooner rather than later.

Hess Corporation: Accelerated Cash Flow Growth

Hess Corporation (NYSE:HES ) Q2 2023 Earnings Conference Call July 26, 2023 10:00 AM ET Company Participants Jay Wilson - Vice President of Investor Relations John Hess - Chief Executive Officer Greg Hill - Chief Operating Officer John Rielly - Chief Financial Officer Conference Call Participants Doug Leggate - Bank of America Arun Jayaram - JPMorgan Paul Cheng - Scotiabank Ryan Todd - Piper Sandler Neil Mehta - Goldman Sachs Roger Read - Wells Fargo Kevin MacCurdy - Pickering Energy Partners Biju Perincheril - Susquehanna Financial Group Noel Parks - Tuohy Brothers Paul Cheng - Scotiabank Phillips Johnston - Capital One Securities Operator Good day, ladies and gentlemen and welcome to the Second Quarter 2023 Hess Corporation Conference Call. My name is Kevin and I'll be your operator for today.

Hess Corporation (HES) Q2 2023 Earnings Call Transcript

The headline numbers for Hess (HES) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Hess (HES) Reports Q2 Earnings: What Key Metrics Have to Say

Higher oil-equivalent production volumes aid Hess' (HES) earnings in Q2.

Hess (HES) Tops on Q2 Earnings, Raises '23 Production Outlook

Hess (HES) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $2.15 per share a year ago.

Hess (HES) Beats Q2 Earnings Estimates

Oil and gas producer Hess Corp on Wednesday beat Wall Street estimates for second-quarter profit, buoyed by higher production and disclosed a new oil discovery in the Gulf of Mexico.

Oil producer Hess beats profit estimates as production jumps

NEW YORK--(BUSINESS WIRE)--   Hess Corporation (NYSE: HES) today reported net income of $119 million, or $0.39 per share, in the second quarter of 2023, compared with net income of $667 million, or $2.15 per share, in the second quarter of 2022. On an adjusted basis, the Corporation reported net income of $201 million or $0.65 per share in the second quarter of 2023. The decrease in adjusted after-tax results compared with the prior-year quarter reflects lower realized selling prices, partially.

Hess Reports Estimated Results for the Second Quarter of 2023

Lower commodity prices are expected to have affected Hess' (HES) performance in Q2.

Factors Likely to Have Influenced Hess' (HES) Earnings in Q2

NEW YORK--(BUSINESS WIRE)--Hess Corporation Publishes 26th Annual Sustainability Report.

Hess Corporation Publishes 26th Annual Sustainability Report

Hess (HES) expects the cash flow to increase 25% annually over the next five years, with the crude oil price at $75 per barrel.

Here's Why You Should Hold on to Hess (HES) Stock for Now

Exploration and production (E&P) stock Hess Corp (NYSE:HESS) is on the rise today, as oil-related stocks get a boost from political turmoil in Russia.

Oil & Gas Stock Flashing Surefire Bull Signal

Hess (HES) intends to distribute 75% of its free cash flow to shareholders via dividends and share repurchases, owing to an expected increase in cash flow over the next five years.

Hess (HES) Projects 25% Rise in Cash Flow in Next 5 Years

Today's comments by John Hess at an investor conference support Hess Midstream LP's long-term prospects. Hess Midstream has executed superbly since coming public; we expect that to continue. The company has a conservative dividend that is likely to grow and trades at a 7.6% yield.

Hess Midstream: Growing Value Through Dividend Increases And Share Repurchases

U.S. oil producer Hess Corp. forecasts a 25% per year increase in cash flow for the next five years with oil remaining about $75 per barrel, Chief Executive John Hess told an investor conference on Thursday.

News for Hess Stock (HES)