- Adjusted EPS: $2.62, compared to last year’s $0.65, and surpassed the estimate of $2.53.
- Reported EPS: $2.46, up from last year’s $0.39.
- Realized price per barrel for NGLs: $20.07, a 12% increase year-over-year, though below the estimate of $21.97.
- Realized natural gas price per thousand cubic feet: $4.22, a 10% rise year-over-year, beating the estimate of $3.62.
- Adjusted cash flow from operations: $1.59 billion, up 63% year-over-year, and exceeding the estimate of $1.56 billion.
- Exploration and Production capital expenditure (E&P capex): $1.15 billion, a 23% increase year-over-year, slightly below the estimate of $1.18 billion.
- Average hedged realized oil price per barrel: $80.29, a 13% increase year-over-year, close to the estimate of $80.42.
- Total revenues and non-operating income: $3.26 billion, up 40% year-over-year, and above the estimate of $3.2 billion.
- Analyst recommendations include 6 buys, 13 holds, and 0 sells.
A look at Hess Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Hess Corp appears to have a promising long-term outlook. With a strong Growth score of 5, indicating the company’s potential for expansion and increasing earnings over time, Hess Corp seems well-positioned for future growth in the energy sector. Additionally, the Momentum score of 3 suggests positive market momentum that could support the company’s future performance. While the Value, Dividend, and Resilience scores are not as high, the focus on growth and positive market momentum bodes well for Hess Corp‘s prospects in the long run.
Hess Corporation, a global independent energy company specializing in the exploration and production of crude oil and natural gas, seems to have a bright future ahead. Despite moderate scores in areas such as Value, Dividend, and Resilience, the company excels in Growth, suggesting a strong potential for expansion and profitability in the long term. With a solid foundation in the energy sector, Hess Corp‘s emphasis on growth and positive market momentum could drive its success and resilience in the years to come.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
