Hess Corp. (HES) Tops Q3 EPS by 12c

Hess Corp. (NYSE: HES) reported Q3 EPS of ($1.12), $0.12 better than the analyst estimate of ($1.24). Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.31 billion.

"Our company continues to take steps to maintain a strong balance sheet and materially reduce our spending," Chief Executive Officer John Hess said. "We also are investing in growth projects including the world-class Liza oil discovery in Guyana that we believe will create significant value for our shareholders. Based on the positive results of the Liza-3 well, we now expect Liza to be at the upper end of the previously announced estimated recoverable resources range of 800 million to 1.4 billion barrels of oil equivalent."

For earnings history and earnings-related data on Hess Corp. (HES) click here.

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