Hess: Q1 Earnings Snapshot
By AP News
Published - Apr 25, 2024, 08:00 AM ET
Last Updated - Apr 25, 2024, 08:00 AM EDT
NEW YORK (AP) — NEW YORK (AP) — Hess Corp. (HES) on Thursday reported first-quarter earnings of $972 million.
On a per-share basis, the New York-based company said it had net income of $3.16.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.73 per share.
The oil and gas producer posted revenue of $3.34 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $2.93 billion.
