Recap: Hess Q4 Earnings

Shares of Hess HES fell 0.2% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share increased 3.33% over the past year to ($0.58), which beat the estimate of ($0.66).

Revenue of $1,417,000,000 decreased by 16.60% year over year, which beat the estimate of $1,190,000,000.

Guidance

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

Hess hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Jan 27, 2021

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/bbu3cgzs

Price Action

52-week high: $66.38

Company's 52-week low was at $26.06

Price action over last quarter: Up 53.82%

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.