Hess Beats Q3 Earnings Estimates On Robust Guyana Output ...Middle East

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Hess Beats Q3 Earnings Estimates On Robust Guyana Output
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Leading U.S. shale operator, Hess Corp. (NYSE:HES), has posted yet another impressive earnings report, with its stake in prolific Guyana helping it exceed estimates. Hess reported Q3 2024 non-GAAP EPS of $2.14, beating the Wall Street consensus by $0.37 while revenue of $3.2B (+12.7% Y/Y) beat by $160M. The company’s profits, however, fell slightly due to lower oil and gas prices: net income during the quarter clocked in at $498 million, or $1.62 per share, compared with net income of $504 million, or $1.64 per share, in the third quarter…

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