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28.01.2015 13:45:09
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Hess Corp. Q4 Profit Misses Estimates - Quick Facts
(RTTNews) - Hess Corp. (HES) reported a fourth-quarter loss to company of $8 million or $0.03 per share, compared to profit of $1.93 billion or $5.76 per share, prior year, which included after-tax gains on asset sales totaling $1.34 billion. Adjusted net income to company was $53 million or $0.18 per share, for the quarter.
On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $0.20 for the quarter. Analysts' estimates typically exclude special items.
Revenues and non-operating income decreased to $2.53 billion from $3.11 billion last year. Analysts expected revenue of $2.14 billion for the quarter.
Oil and gas production was 362,000 barrels of oil equivalent per day (boepd) compared to 307,000 boepd in the fourth quarter of 2013. Bakken oil and gas production was 102,000 boepd, up approximately 50 percent from the fourth quarter of 2013.
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