Hess Corp. (HES) Tops Q4 EPS by 9c

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Go back to Hess Corp. (HES) Tops Q4 EPS by 9c

Hess Reports Estimated Results for the Fourth Quarter of 2016

January 25, 2017 7:31 AM EST

Fourth Quarter Highlights:

Net loss was $4,892 million, or $15.65 per common share, compared with a net loss of $1,821 million, or $6.43 per common share in the fourth quarter of 2015; Fourth quarter 2016 results include a noncash accounting charge of $3,749 million on deferred tax assets and other after-tax charges totaling $838 million Adjusted net loss was $305 million, or $1.01 per common share, compared with an adjusted net loss of $396 million, or $1.40 per common share in the fourth quarter of 2015 Oil and gas production was 311,000 barrels of oil... More