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 day

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Source Fool.com