Market Overview

Hess: Q3 Earnings Insights

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Shares of Hess (NYSE:HES) decreased 0.7% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 121.87% year over year to ($0.71), which missed the estimate of ($0.56).

Revenue of $1,176,000,000 decreased by 22.38% from the same period last year, which beat the estimate of $1,160,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Oct 28, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/e3x3dwc7

Technicals

Company's 52-week high was at $74.11

52-week low: $26.06

Price action over last quarter: down 22.00%

Company Description

Hess is an independent oil and gas producer with key assets in the Bakken Shale, Guyana, the Gulf of Mexico, and Southeast Asia. At the end of 2019, the company reported net proved reserves of 1.2 billion barrels of oil equivalent. Net production averaged 311 thousand barrels of oil equivalent per day in 2019, at a ratio of 69% oil and natural gas liquids and 31% natural gas.

 

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Posted-In: Earnings News