Hess Corp. (NYSE: HES) reported Q1 EPS of $0.82, $0.48 better than the analyst estimate of $0.34. Revenue for the quarter came in at $1.92 billion versus the consensus estimate of $1.54 billion.

“Our company continues to successfully execute our strategy to grow our resource base, have a low cost of supply and sustain cash flow growth,” CEO John Hess said. “As our portfolio generates increasing free cash flow, we will first prioritize debt reduction and then the return of capital to our shareholders through dividend increases and opportunistic share repurchases.”

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