Hess Exceeds Q4 EPS, Revenue Forecasts

Oil and natural gas exploration and production specialist Hess (NYSE:HES) reported fourth-quarter and full-year 2024 earnings on Wednesday, Jan. 29, that topped analyst consensus estimates. Stronger-than-expected adjusted EPS came in at $1.76 while revenue and non-operating income reached $3.23 billion, exceeding forecasts of $2.94 billion. This was primarily driven by increased production, particularly from Guyana and the Bakken regions.Overall, the quarter highlighted Hess's ability to deliver strong financial performance despite challenges from lower commodity prices.Source: Hess. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year. boepd = barrels of oil equivalent per dayContinue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool