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

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NEW YORK--(BUSINESS WIRE)--Hess to Participate in J.P. Morgan 2023 Energy, Power & Renewables Conference.

Hess to Participate in J.P. Morgan 2023 Energy, Power & Renewables Conference

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Hess Midstream offers investors a mix of safety and income, with a strong balance sheet profile and downside-protected contracts. The company has a free cash flow yield of about 10% based on 2023 projections and pays out a dividend yield of around 8.4%. HESM is expected to see solid growth as its parent re-ramps activity in the Bakken.

Hess Midstream Offers Both Safety And An Increasing Dividend

Hess Corporation quarterly revenues were $2,453 million, up from $2,371 million last year. Hess Corporation produced 374K net Boep/d in 1Q23. It was up from 297K Boep/d the same quarter a year ago. The company declared a quarterly dividend of $0.4375 per share this quarter, or an increase of 17% sequentially.

Hess Corporation: Tough Headwinds On The Horizon

Hess Corporation's Guyana production increased to 112,000 BOD. Another FPSO arrived in Guyana to provide still more production growth. The expanding production at least partially offsets downside commodity price volatility.

Hess Corporation: Guyana Production More Than Triples

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Hess Midstream business keeps growing, so the stock is almost never in bargain territory. The company periodically purchases noncontrolling interests (usually) to reduce the total outstanding shares.

Hess Midstream: When Not A Bargain Is A Good Thing

Hess Corporation is an attractive capital appreciation opportunity due to its exposure to Guyana's emerging upstream oil industry. Management is shareholder-friendly and intends to return up to 75% of Hess' free cash flow over the medium-term back to investors via dividend increases and share buybacks.

Hess: An Attractive Capital Appreciation Opportunity

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The oil riches potential offshore the tiny South American nation of Guyana grew even larger this week with a pair of announcements of new successes in the prolific Stabroek block under development by a consortium led by ExxonMobil.

ExxonMobil, Hess Announcements Add To Guyana's Oil And Gas Bonanza

NEW YORK--(BUSINESS WIRE)--Hess Sanctions Uaru Development Offshore Guyana.

Hess Sanctions Uaru Development Offshore Guyana

The latest FPSO is progressing towards first oil. Exxon Mobil appears to have gotten a good price compared to future projects.

Hess: The Ship Has Arrived

The solid revenue growth here is somewhat rare in the industry, and a great testament to how the company is run. The vertical integration in HESM is possibly the best in the industry.

Hess Midstream: Great Growth, Fair Valuation, Fantastic Dividend

Higher hydrocarbon production aids Hess' (HES) earnings in Q1.

Hess (HES) Beats on Q1 Earnings, Ups 2023 Production Outlook

Hess Corporation (HES) Q1 2023 Earnings Call Transcript.

Hess Corporation (HES) Q1 2023 Earnings Call Transcript

Although the revenue and EPS for Hess (HES) give a sense of how its business performed in the quarter ended March 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Hess (HES) Q1 Earnings

Hess (HES) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $1.30 per share a year ago.

Hess (HES) Surpasses Q1 Earnings Estimates

NEW YORK--(BUSINESS WIRE)--HESS REPORTS ESTIMATED RESULTS FOR THE FIRST QUARTER OF 2023.

Hess Reports Estimated Results for the First Quarter of 2023

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Lower commodity prices amid increasing costs are expected to have affected Hess' (HES) performance in Q1.

Factors Likely to Have Influenced Hess' (HES) Earnings in Q1

Hess (HES) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Hess (HES) Q1 Earnings Expected to Decline

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News for Hess Stock (HES)