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Hess(HES) - 2024 Q1 - Quarterly Report
2024-05-07 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-1204 HESS CORPORATION (Exact Name of Registrant as Specified in Its Charter) DELAWARE (State or Other Jurisdiction of Incorporation or Organization) 1 ...
Hess (HES) is an Incredible Growth Stock: 3 Reasons Why
Zacks Investment Research· 2024-05-02 17:46
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth S ...
Is Hess (HES) Outperforming Other Oils-Energy Stocks This Year?
Zacks Investment Research· 2024-05-01 14:46
The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Hess (HES) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.Hess is a member of our Oils-Energy group, which includes 251 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 1 ...
Surging Earnings Estimates Signal Upside for Hess (HES) Stock
Zacks Investment Research· 2024-04-29 17:20
Investors might want to bet on Hess (HES) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this oil and gas producer, should get reflected in its stock price. After all, empirical research shows a strong correlation between tre ...
NOV Q1 Earnings Surpass Estimates, Revenues Increase Y/Y
Zacks Investment Research· 2024-04-29 12:35
NOV Inc. (NOV) reported first-quarter 2024 adjusted earnings of 30 cents per share, which beat the Zacks Consensus Estimate of 27 cents. The outperformance can be attributed to the better-than-expected performances of NOV’s Energy Products and Services and Energy Equipment segments. However, the bottom line declined from the year-ago quarter’s level of 32 cents.NOV’s total revenues of $2.16 billion surpassed the Zacks Consensus Estimate by 2.6%. The top line also increased 10.1% from the year-ago quarter’s ...
Hess (HES) Q1 Earnings Beat on Higher Production Volumes
Zacks Investment Research· 2024-04-25 16:26
Hess Corporation (HES) has reported first-quarter 2024 earnings per share of $3.16, which beat the Zacks Consensus Estimate of $1.73. The bottom line significantly improved from the year-ago quarter’s $1.13.Total quarterly revenues increased to $3,341 million from $2,453 million in the year-ago period. The top line also beat the Zacks Consensus Estimate of $2,929 million.Strong quarterly results have been driven by higher oil equivalent production volumes, and increased oil and gas prices.Operational Update ...
Hess (HES) Q1 Earnings and Revenues Beat Estimates
Zacks Investment Research· 2024-04-25 13:46
Hess (HES) came out with quarterly earnings of $3.16 per share, beating the Zacks Consensus Estimate of $1.73 per share. This compares to earnings of $1.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 82.66%. A quarter ago, it was expected that this oil and gas producer would post earnings of $1.43 per share when it actually produced earnings of $1.63, delivering a surprise of 13.99%.Over the last four quarters, the company ...
Hess(HES) - 2024 Q1 - Quarterly Results
2024-04-25 11:30
Exhibit 99.1 HESS CORPORATION HESS REPORTS ESTIMATED RESULTS FOR THE FIRST QUARTER OF 2024 Key Development: • Sanctioned development of Whiptail, the sixth development on the Stabroek Block, offshore Guyana; expected to add gross production capacity of approximately 250,000 barrels of oil per day (bopd) by the end of 2027 First Quarter Financial and Operational Highlights: NEW YORK, April 25, 2024 — Hess Corporation (NYSE: HES) today reported net income of $972 million, or $3.16 per share, in the first quar ...
Why Hess (HES) is Poised to Beat Earnings Estimates Again
Zacks Investment Research· 2024-04-18 17:16
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Hess (HES) , which belongs to the Zacks Oil and Gas - Integrated - United States industry, could be a great candidate to consider.When looking at the last two reports, this oil and gas producer has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 23.12%, on average, in the last two quarters.For the last rep ...
3 Reasons Why Growth Investors Shouldn't Overlook Hess (HES)
Zacks Investment Research· 2024-04-16 17:46
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth S ...