Hess Corp (HES) Posts Narrower-than-Expected Q2 Loss
Hess Corporation (HES) is leading global independent energy company engaged in oil and gas Exploration & Production (“E&P”). The company’s E&P activities are concentrated in five strategic areas the Bakken Shale in North Dakota and the Utica Shale in Ohio; the Deepwater Gulf of Mexico; Valhall Field in Norway and South Arne Field in Denmark; offshore West Africa – Equatorial Guinea and Ghana; and offshore Malaysia in the Gulf of Thailand.
Currently, Hess Corporation has a Zacks Rank #3 (Hold) but that could change following its second quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: Hess Corporation reported adjusted second-quarter 2016 loss from continuing operations of $1.10 per share, narrower than the Zacks Consensus Estimate of loss of $1.26.
HESS CORP Price and EPS Surprise
HESS CORP Price and EPS Surprise | HESS CORP Quote
Revenue: Revenues of $1,269 million came above the Zacks Consensus Estimate of $1,053 million.
Key Stats: Quarterly hydrocarbon production was 313 thousand barrels of oil equivalent per day, down 20% year over year.
Check back later for our full write up on this Hess Corporation earnings report later!
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HESS CORP (HES): Free Stock Analysis Report
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