25.01.2023 13:41:55

Hess Corporation Q4 Profit Increases, beats estimates

(RTTNews) - Hess Corporation (HES) released a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $624 million, or $2.03 per share. This compares with $265 million, or $0.85 per share, in last year's fourth quarter.

Excluding items, Hess Corporation reported adjusted earnings of $548 million or $1.78 per share for the period.

Analysts on average had expected the company to earn $1.65 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 35.0% to $3.05 billion from $2.26 billion last year.

Hess Corporation earnings at a glance (GAAP) :

-Earnings (Q4): $624 Mln. vs. $265 Mln. last year. -EPS (Q4): $2.03 vs. $0.85 last year. -Analyst Estimate: $1.65 -Revenue (Q4): $3.05 Bln vs. $2.26 Bln last year.

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Hess Corp 141,28 0,16% Hess Corp