Hess Corp. (HES) Tops Q3 EPS by 17c, Offers Guidance

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Hess Reports Estimated Results for the Third Quarter of 2015

October 28, 2015 7:30 AM EDT

Third Quarter Highlights:

Adjusted net loss was $291 million or $1.03 per share compared to net income of $377 million or $1.24 per share in the prior-year quarter; lower realized selling prices reduced third quarter 2015 adjusted net income by approximately $745 million, after-tax Net loss was $279 million compared to net income of $1,008 million in the third quarter of 2014 Oil and gas production increased to 380,000 barrels of oil equivalent per day (boepd) compared to 318,000 boepd in the third quarter of 2014 Oil and gas production... More