Hess Q4 2023 Earnings Report

Hess EPS Results

• Actual EPS: $1.63
• Consensus EPS: $1.43
• Beat/Miss: Beat by +$0.20
• One Year Ago EPS: $1.78

Hess Revenue Results

• Actual Revenue: $3.04 billion
• Expected Revenue: $2.76 billion
• Beat/Miss: Beat by +$275.52 million
• YoY Revenue Growth: -0.60%

Hess Announcement Details

• Quarter: Q4 2023
• Date: 1/31/2024
• Time: Before Market Opens

Hess (NYSE:HES), an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The company operates in two segments, Exploration and Production, and Midstream. It conducts production operations primarily in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities principally offshore Guyana, the U.S. Gulf of Mexico, and offshore Suriname and Canada. The company is also involved in gathering, compressing, and processing natural gas; fractionating NGLs; gathering, terminaling, loading, and transporting crude oil and NGL through rail car; and storing and terminaling propane, as well as providing water handling services primarily in the Bakken Shale plays in the Williston Basin area of North Dakota. The company was incorporated in 1920 and is headquartered in New York, New York.