Hess: Q2 Earnings Snapshot
By AP News
Published - Jul 31, 2024, 09:30 AM ET
Last Updated - Jul 31, 2024, 09:30 AM EDT
NEW YORK (AP) — NEW YORK (AP) — Hess Corp. (HES) on Wednesday reported second-quarter net income of $757 million.
The New York-based company said it had net income of $2.46 per share. Earnings, adjusted for non-recurring costs, were $2.62 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.48 per share.
The oil and gas producer posted revenue of $3.26 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $3.22 billion.
