Form 8-K HESS CORP For: Jan 21

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Go back to Form 8-K HESS CORP For: Jan 21

Hess Corp. (HES) Misses Q4 EPS by 5c

January 28, 2015 7:31 AM EST

Hess Corp. (NYSE: HES) reported Q4 EPS of $0.18, $0.05 worse than the analyst estimate of $0.23. Revenue for the quarter came in at $2.53 billion versus the consensus estimate of $2.34 billion.

Exploration and Production:

Exploration and Production earnings were $92 million in the fourth quarter of 2014, compared with $1,029 million in the fourth quarter of 2013. Adjusted net income was $147 million in the fourth quarter of 2014 and $436 million in the fourth quarter of 2013.

The Corporations average worldwide crude oil selling price, including the effect of hedging, was down 24 percent to $74.97 per barrel in the fourth... More