I analyze oil and gas companies and related companies like Hess Midstream in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance sheet, competitive position and development prospects. This article is an example of what I do. But for Oil & Gas Value Research members, they get it first and they get analysis on some companies that is not published on the free site. Interested? Sign up he ...

Hess Corporation (HES) reported third-quarter 2024 adjusted earnings per share (EPS) of $2.14, which beat the Zacks Consensus Estimate of $1.88. The bottom line improved from the year-ago level of $1.64. Total quarterly revenues increased to $3,197 million from $2,837 million in the year-ago period. The top line also beat the Zacks Consensus Estimate of $3,084 million. The strong quarterly results can be attributed to higher oil equivalent production volumes. Operational Update Exploration & Production The ...

Hess (HES) came out with quarterly earnings of $2.14 per share, beating the Zacks Consensus Estimate of $1.88 per share. This compares to earnings of $1.64 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 13.83%. A quarter ago, it was expected that this oil and gas producer would post earnings of $2.48 per share when it actually produced earnings of $2.62, delivering a surprise of 5.65%. Over the last four quarters, the company ...

Exhibit 99.1 HESS CORPORATION HESS REPORTS ESTIMATED RESULTS FOR THE THIRD QUARTER OF 2024 Third Quarter Financial and Operational Highlights: • In September, the Corporation announced a 14% increase in its quarterly dividend, to $0.50 per share ($2.00 per share annualized) • Net income was $498 million, or $1.62 per share, in the third quarter of 2024, compared with net income of $504 million, or $1.64 per share, in the third quarter of 2023 • Adjusted net income was $660 million, or $2.14 per share, in th ...

Earnings season can be a volatile period for stock ownership due to the uncertainty surrounding whether the underlying companies' results will beat or disappoint. However, there are ways for investors to gauge the trends behind certain companies, landing them on the bullish or bearish side of earnings expectations. Making for potential opportunities, specific trends in the energy sector could make three oil stocks worth watching before, during, and after their earnings are announced this week. With some of ...

Hess Corporation (HES) is set to report third-quarter 2024 results on Oct. 30, before the opening bell. In the last reported quarter, Hess' earnings of $2.62 per share beat the Zacks Consensus Estimate of $2.48, driven by higher oil equivalent production volumes and increased realized commodity prices. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. The company beat on earnings in each of the trailing four quarters, delivering an average surprise of 33.6%. This is depicted in the gra ...

The energy sector is experiencing a sharp rebound following a significant escalation in Middle Eastern tensions after Iran launched a missile attack on Israel on October 1. While the immediate physical damage was minimal, the geopolitical consequences have been substantial, as fears of further conflict and disruptions to global crude oil supplies have escalated. With Iran being an essential oil supplier through the Strait of Hormuz, any prolonged conflict in the region could have severe consequences for glo ...

Hess Corporation HES and Chevron Corporation CVX shares are trading higher on Tuesday. On Monday, the Federal Trade Commission (FTC) completed an antitrust review of the merger of both companies, satisfying a critical closing condition for the transaction. To facilitate the merger's completion, Hess and Chevron have agreed that Hess CEO John Hess will not be on the Chevron board. Exxon Mobil Corp XOM and its partner CNOOC Ltd had earlier asserted their right of first refusal to any sale of Hess'stake in a G ...

Over fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know! Analyst's Disclosure: I/we have a beneficial long position in the shares of HESM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensati ...

Hess Corporation (HES) has announced that it received authorization from the board of directors to increase its regular quarterly dividend. The new dividend of 50 cents per share reflects an increase of 14.3% from the prior amount of 43.75 cents. The hiked dividend will be paid on Sept. 30 to common stockholders of record at the close of business on Sept. 16. Merger With Chevron to Boost Cash Returns Hess expects its shareholders to receive roughly four times higher quarterly dividends after its merger with ...