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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Yellowtail is now sanctioned. There will be a one-year gap before FPSOs arrive annually.

Hess Corporation: A Pause Before A Lot Of Growth

NEW YORK--(BUSINESS WIRE)--Hess Named to 100 Best Corporate Citizens List for 15th Consecutive Year

Hess Named to 100 Best Corporate Citizens List for 15th Consecutive Year

What can we learn from historical periods during which the Money Supply experienced similar substantial increases?

The Repercussions of Money Printing: What to Do Now

Halliburton

Marathon Oil

Occidental Petroleum

Valero Energy

Energy Select Sector SPDR Fund

Exxon Mobil

Many investors, including Warren Buffett, are betting that higher crude oil prices are here to stay for a while. It's a good wager, thanks to the spike in oil prices from about $75 a barrel at the end of last year to above $100 now. Nearly all of the top performers in the S&P 500 this year are energy stocks.

Oil stocks are the new FAANGs

Alcoa

AbbVie

Bunge Global SA

Bristol-Myers

Chevron

DuPont de Nemours

Host Hotels & Resorts

Leidos Hld

McKesson

Vertex Pharmaceuticals

Most mutual funds have losses this year amid the market's sell-off. But JPMorgan Large Cap Value Fund is in positive territory.

Stocks That Lift This JPMorgan Fund In Down Market

NEW YORK--(BUSINESS WIRE)--Hess to Participate in Bank of America Securities 2022 Energy Transition and ESG Conference

Hess to Participate in Bank of America Securities 2022 Energy Transition and ESG Conference

Cenovus Energy

Higher realizations of commodity prices aid BP's earnings in Q1.

BP Beats Q1 Earnings Estimates, Announces Share Buyback

Phillips 66

4 top oil stocks for your May 2022 watch list.

4 Top Oil Stocks To Watch In The Stock Market Today

Higher worldwide crude oil realization aids Hess' (HES) Q1 earnings.

Hess (HES) Q1 Earnings Top Estimates on Higher Commodity Prices

Hess Corporation (NYSE:HES ) Q1 2022 Results Conference Call April 27, 2022 10:00 AM ET Company Participants Jay Wilson - VP, IR John Hess - CEO Greg Hill - COO John Rielly - CFO Conference Call Participants Doug Leggate - Bank of America Paul Cheng - Scotiabank Arun Jayaram - JP Morgan Jeanine Wai - Barclays Neil Mehta - Goldman Sachs Roger Read - Wells Fargo Bob Brackett - Bernstein Operator Good day, ladies and gentlemen, and welcome to the First Quarter 2022 Hess Corporation Conference Call. My name is Liz, and I will be your operator for today.

Hess Corporation (HES) CEO John Hess on Q1 2022 Results - Earnings Call Transcript

Hess (HES) delivered earnings and revenue surprises of 16.07% and 16.82%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Hess (HES) Tops Q1 Earnings and Revenue Estimates

NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) today reported net income of $417 million, or $1.34 per share, in the first quarter of 2022, compared with net income of $252 million, or $0.82 per share, in the first quarter of 2021. On an adjusted basis, the Corporation reported net income of $404 million, or $1.30 per share, in the first quarter of 2022. The improvement in adjusted after-tax earnings compared with the prior-year period was primarily due to higher realized selling price

Hess Reports Estimated Results for the First Quarter of 2022

NEW YORK--(BUSINESS WIRE)--Hess Announces Three New Discoveries and Increase in Resource Estimate for Stabroek Block, Offshore Guyana

Hess Announces Three New Discoveries and Increase in Resource Estimate for Stabroek Block, Offshore Guyana

The higher oil price is likely to have aided Hess Corp. (HES) in Q1 earnings.

Is a Beat in Store for Hess Corp. (HES) in Q1 Earnings?

Helmerich & Payne

Murphy USA

Energy stocks such as Murphy USA (MUSA), Hess Corporation (HES), EQT Corporation (EQT), Helmerich & Payne (HP) and Chevron (CVX) are likely to have benefited from higher commodity price trends.

5 Energy Stocks to Bring Positive Earnings Surprise in Q1

Hess and Exxon Mobil have millions of acres to explore. Current discoveries alone will grow earnings for at least a decade.

Hess Corporation: Fake News

Hess Corporation has achieved the unique feat of completing a massive growth phase with a strong financial position. A 4th Guyana development has been sanctioned, the largest yet, and there's much more with low breakevens on the way.

Zoom Goes Hess Corporation's FCF

Oil stocks that seem to be trading at stretched valuation after a big rally. Recession probability might negatively impact oil price.

3 Oil Stocks to Sell as Q2 Kicks Off

Hess (HES) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Hess (HES) Rating Upgrade to Strong Buy

Hess (HES) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Can Hess (HES) Run Higher on Rising Earnings Estimates?

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Why Hess (HES) is a Top Growth Stock for the Long-Term

NEW YORK--(BUSINESS WIRE)--Hess Sanctions Yellowtail Development, Offshore Guyana

Hess Sanctions Yellowtail Development, Offshore Guyana

Hess (HES) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

How Hess (HES) Stock Stands Out in a Strong Industry

ConocoPhillips

Devon Energy

Prices of oil, wheat, gold, and other commodities have soared since Russia's attack on Ukraine last month.

The 'new FANG' trade will be in commodities amid market turmoil sparked by Russia's war in Ukraine, says wealth manager

NEW YORK--(BUSINESS WIRE)--Hess to Participate in 50th Annual Scotia Howard Weil Energy Conference

News for Hess Stock (HES)