Hess Corp. (HES) Tops Q4 EPS by 7c

Hess Corp. (NYSE: HES) reported Q4 EPS of ($1.40), $0.07 better than the analyst estimate of ($1.47). Revenue for the quarter came in at $1.47 billion versus the consensus estimate of $1.53 billion.

2016 Guidance:

• E&P capital and exploratory expenditures are expected to be $2.4 billion, down 40 percent from 2015 E&P capital and exploratory expenditures
• Oil and gas production is forecast to be in the range of 330,000 to 350,000 boepd compared to full year 2015 net production of 368,000 boepd, excluding Libya and asset sales

For earnings history and earnings-related data on Hess Corp. (HES) click here.

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