CALGARY, Alberta, Nov. 26, 2024 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”), a leader in industrialized construction, is pleased to announce that Holly Hess Groos is joining the DIRTT Board of Directors effective November 26, 2024 and will also serve as the Chair of the Audit Committee. Effective November 26, 2024, Scott Robinson, current Board Chair and Audit Committee Chair, will step down from his role as Audit Committee Chair. Ms. Groos is a senior financial executi ...

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 September 30, 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 Organizatio ...

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 ...

Group 1: Merger and Antitrust Review - Hess Corporation and Chevron Corporation shares are trading higher following the completion of the Federal Trade Commission's antitrust review of their merger, satisfying a critical closing condition for the transaction [1] - To facilitate the merger, Hess CEO John Hess will not be on the Chevron board [1] Group 2: Valuation and Production Estimates - Piper Sandler analyst Ryan M. Todd raised the valuation of Hess's stake in the Guyana oil-producing joint venture from $40.6 billion to $45.6 billion, translating to a share price range of $132 to $149 due to increases in discovered resources and productivity [2] - The analyst estimates Hess's stand-alone value at around $170 per share with Brent priced at $75 per barrel, indicating a compelling value opportunity for the first time in years [3] - Current production in Guyana was 192 kbd (net to Hess), with expectations for net production to peak at around 775 kbd, reflecting a 17% annual CAGR for nearly a decade [4] Group 3: Financial Projections - Peak cash flow from operations (CFO) and free cash flow (FCF) are projected at $10.3 billion and $8.7 billion, respectively, compared to a breakeven of $2.2 billion in 2023 [4] - Wolfe Research analyst Doug Leggate upgraded Hess from Peer Perform to Outperform with a price target of $150 [4] Group 4: Market Outlook and Scenarios - The bullish outlook reflects the view that current market conditions and potential merger outcomes provide Hess shares with an attractive risk/reward profile, regardless of the merger with Chevron [5] - Three scenarios support a positive outlook for Hess: successful merger with Chevron, trading based on fundamentals if the merger fails, and a potential acquisition interest from Chevron if the merger does not proceed [5][6]

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