Hess Q3 Earnings Beat Estimates, Revenues Rise Year Over Year

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 ...