Hess Corporation's Guyana project is set to add a fourth platform. The arbitration decision, expected a few months after late May, could reassess Hess's value. Hess' earnings growth is driven by the Guyana project's expansion.
U.S. shale producer Continental Resources has filed a lawsuit against Hess Corp alleging that it was defrauded out of up to $69 million through a series of deals the well operator conducted with its subsidiaries.
Hess Midstream insiders continue to sell significant shares. Chevron's future actions regarding Hess Midstream shares remain unclear. Hess Corporation reports minimal North American profits. This situation needs fixing. How it affects the relationship with the midstream company remains unclear.
Sometimes, the market experiences a new turn of events, creating opportunities for investors who know what to watch out for in their market scans. Of course, these plays only become obvious when it is too late to act upon them.
HES' first-quarter earnings gain on sustained crude oil and higher NGL production. Increased total costs and expenses partially offset the positives.
Hess (HES) came out with quarterly earnings of $1.81 per share, beating the Zacks Consensus Estimate of $1.77 per share. This compares to earnings of $3.16 per share a year ago.
Healthier crude oil prices are likely to have aided Hess' earnings in Q1.
Hess (HES) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Hess Corporation remains a compelling stock due to its strong financial positioning, strategic expansion in Guyana, and undervaluation, suggesting significant upside potential. HES demonstrated resilient growth in Q4 2024 with a 6.4% YoY revenue increase, driven by high production rates and strategic pricing. Despite geopolitical risks and potential economic overreliance on oil in Guyana, HES's diversified operations and strong balance sheet provide stability and growth opportunities.
Hess has transformed into a focused E&P company, with significant assets in Bakken shale and a 30% stake in Guyana's mega-discovery. The Chevron acquisition offers Hess shareholders a 14% stake in a larger entity, higher dividends, and enhanced stability and scale. Despite market volatility, Hess maintains strong financials, with a projected revenue plateau of $12-13 billion and high profitability from Guyana assets.
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