Hess Corp. (HES) Tops Q3 EPS by 12c

Go back to Hess Corp. (HES) Tops Q3 EPS by 12c

Hess Reports Estimated Results for the Third Quarter of 2016

October 26, 2016 7:31 AM EDT

Third Quarter Highlights:

Net loss was $339 million, or $1.12 per common share, compared with a net loss of $279 million, or $0.98 per common share, in the prior-year quarter Adjusted net loss was $340 million, or $1.12 per common share, compared to an adjusted net loss of $291 million, or $1.03 per common share, in the third quarter of last year Reduced E&P capital and exploratory expenditures by 49 percent to $435 million from $849 million in the prior-year quarter Oil and gas production was 314,000 barrels of oil... More