HES Earnings Prediction
The chart below shows how HES performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HES sees a -2.71% change in stock price 10 days leading up to the earnings, and a -2.96% change 10 days following the report. On the earnings day itself, the stock moves by +0.96%. This data can give you a slight idea of what to expect for the next quarter's release.
HES Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.29B
-22.54%
-5.06%
Gross Margin
52.38%
-6.41%
-0.48%
Operating Margin
23.50%
-40.64%
-17.28%
Net Margin
8.96%
-64.89%
-49.52%
EPS
0.39
-81.86%
-65.49%
No Data Available
HES Earnings Analysis
Hess Corporation Corporation (HES.N) Earnings Conference Call
Positive
Hess Corporation continues to execute its strategy, delivering industry-leading cash flow growth, high-return resource growth, and maintaining a low cost of supply.
Hess forecasts a more than 10% annual production growth through 2027, with cash costs expected to decline by 25% to approximately $10 per BOE by 2027.
Industry-leading cash flow growth of approximately 25% annually between 2022 and 2027, outpacing top-line growth.
Maintaining a strong balance sheet with a debt-to-EBITDAX ratio at approximately 1x.
Hess Corporation is strategically positioned for long-term value creation through its diversified portfolio and key assets in Guyana, Bakken, and Southeast Asia.
Focus on growing intrinsic value and increasing cash returns for shareholders.
Guyana operations, with a 30% interest in the Stabroek Block, show significant growth potential with more than 30 discoveries and a gross resource estimate of over 11 billion barrels of oil equivalent.
Continued emphasis on high-return, low-cost opportunities in key regions like the Bakken and Southeast Asia to optimize production and generate free cash flow.
Strong operational performance across the company's portfolio supports increased production guidance and highlights exploration success.
Exceeded net production expectations in the second quarter, with further growth anticipated for the full year.
Successful exploration in the Gulf of Mexico, Guyana, and Southeast Asia, positioning Hess for sustained value creation.
Planned drilling programs and developments in key areas indicate continued growth prospects and operational success for the company.
Negative
- In the second quarter of 2023, Hess Corporation reported a decrease in net income from $346 million in the previous quarter to $119 million, on an adjusted basis.
- Adjusted net income in the E&P segment dropped from $405 million in the first quarter to $237 million in the second quarter due to lower realized selling prices, higher cash costs, and exploration expenses.
- E&P cash costs were reported at $13.97 per barrel of oil equivalent in the second quarter, slightly lower than the guidance, but still reflecting operational challenges.
- The Midstream segment saw only a marginal increase in net income from $61 million in the first quarter to $62 million in the second quarter, indicating limited growth prospects in this area.
