Hess Q3 Profit Surges, Results Beat View - Quick Facts

(RTTNews) - Energy company Hess Corp. (HES) said third-quarter net income attributable to the company surged to $1.01 billion or $3.31 per share, from $420 million or $1.23 per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter was $377 million or $1.24 per share, compared to $405 million or $1.18 per share in the year-ago quarter.

On average, 22 analysts polled by Thomson Reuters expected the company to report earnings of $1.08 per share for the quarter. Analysts estimates typically exclude special items.

Total revenues and non-operating income rose to $2.80 billion from $2.71 billion in the same quarter last year. Analysts had a consensus revenue estimate of $2.58 billion for the quarter.

Oil and gas production for the quarter was 318,000 barrels of oil equivalent per day or boepd, up 3 percent from 310,000 boepd in the year-ago quarter.