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HES

Hess Corporation (HES) Q3 Loss Narrower than Expected

Hess Corporation ( HES ) is an integrated energy company engaged in oil and gas Exploration & Production ("E&P") and refining as well as marketing. The company's E&P activities are concentrated in Algeria, Australia, Azerbaijan, Brazil, Denmark, Egypt, Equatorial Guinea, Gabon, Ghana, Indonesia, Libya, Malaysia, Norway, Russia, Thailand, the United Kingdom and the United States.

Currently, Hess Corporation has a Zacks Rank #3 (Hold) but that could change following its third quarter 2017 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:

Hess Corporation Price and EPS Surprise

Hess Corporation Price and EPS Surprise | Hess Corporation Quote

Earnings : Hess Corporation's loss per share from continuing operations (excluding special items) came in at $1.07, narrower than the Zacks Consensus Estimate of loss of $1.29 per share.

Revenue : Revenues of $1,666 million came above the Zacks Consensus Estimate of $1,279 million.

Key Stats : Quarterly hydrocarbon production was 311 thousand barrels of oil equivalent per day, down 1% year over year.

Worldwide crude oil realization per barrel of $46.97 (including the impact of hedging) up 13.2% year over year. However, the average crude oil realization per barrel came below the Zacks Consensus Estimate of $48.86.

Check back later for our full write up on this Hess Corporation earnings report later!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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