Hess Corp. (HES) Tops Q4 EPS by 19c

Hess Corp. (NYSE: HES) reported Q4 EPS of $0.85, $0.19 better than the analyst estimate of $0.66. Revenue for the quarter came in at $2.26 billion versus the consensus estimate of $1.74 billion.

GUIDANCE:

• Net production, excluding Libya, is forecast to be in the range of 330,000 boepd to 340,000 boepd, which is a 12 percent to 15 percent increase from 2021; Bakken net production is forecast to be in the range of 165,000 boepd to 170,000 boepd, which is a 6 percent to 9 percent increase from 2021
• E&P capital and exploratory expenditures are expected to be approximately $2.6 billion, of which approximately 80 percent will be allocated to Guyana and the Bakken

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

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