NYSE$HES

Hess Corp · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

HES Q1 2024 — $252.0M revenue

March 31, 2024 and December 31, 2023, the consolidated results of operations for the three months ended March 31, 2024 and 2023, and consolidated cash flows for t. Hess Corp reported Q1 2024 results. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $252.0M.
  • Operating income: $3K.
  • Filed on Form 10-Q (accession 0001628280-24-021077).

Headline financials

Total Revenue

$3.31B

Previous: $2.45B+34.9%
EPS (adj)

$3.16

Previous: $1.13+179.6%
Capital Expenditures

-$957M

No prior period
Net Income

$972M

Previous: $346M+180.9%
Operating Income

$1.5B

No prior period
Gross Profit

$1.62B

Previous: $1.49B+8.7%
Stock-Based Comp

$39M

Previous: $35M+11.4%

Revenue & EPS history

Hess · Revenue · Quarterly

$3.31B

Q1 2024+34.9%vs Q1 2023
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Hess · $414M total across 3 segments · Q2 2025

  • Gathering
    $222M
  • Processing & Storage
    $158M
  • Terminaling & Export
    $33.9M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 16 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+0.2%

Avg return

Earnings day

-1.2%

Avg return

5 days after

+0.6%

Avg return

30 days after

52%

36 / 69 earnings

Positive

+15.9%

Q4 2015

Best reaction

-12.6%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2025-2.6%-2.8%-0.2%
Q4 2024+0.1%-4.3%+2.8%
Q3 2024-0.1%+3.1%+8.9%
Q2 2024-6.9%-12.7%-9.0%
Q1 2024+2.1%-1.2%-5.6%
Q4 2023-1.4%+1.3%+3.1%
Q3 2023-1.3%-6.3%-6.2%
Q2 2023+0.4%+2.9%+2.2%
Q1 2023+0.2%+1.5%-7.8%
Q4 2022+4.3%-1.4%-9.7%
Q3 2022+4.4%+4.0%+6.7%
Q2 2022+3.7%+3.3%+18.2%
Q1 2022+3.6%+1.0%+19.2%
Q4 2021-2.0%-1.5%+6.6%
Q3 2021-6.2%-5.0%-14.6%
Q2 2021+4.9%-0.4%-5.7%
Q1 2021+8.9%
Q4 2020-2.3%
Q3 2020-0.6%
Q2 2020-1.2%
Q1 2020+7.7%
Q4 2019-5.7%
Q3 2019-3.0%
Q2 2019+2.7%
Q1 2019-3.0%
Q4 2018+4.1%
Q3 2018+1.3%
Q2 2018-1.1%
Q1 2018+1.4%
Q4 2017-3.8%
Q3 2017-6.3%
Q2 2017-3.1%
Q1 2017+2.3%
Q4 2016-2.3%
Q3 2016-0.9%
Q2 2016-2.8%
Q1 2016-6.4%
Q4 2015+15.9%
Q3 2015-1.4%
Q2 2015+1.1%
Q1 2015+0.2%
Q4 2014-8.3%
Q3 2014+1.5%
Q2 2014-0.4%
Q1 2014+1.0%
Q4 2013-0.4%
Q3 2013-2.8%
Q2 2013+3.9%
Q1 2013+4.3%
Q4 2012-1.4%
Q3 2012+4.3%
Q2 2012+8.3%
Q1 2012-6.0%
Q4 2011-1.7%
Q3 2011+0.8%
Q2 2011-12.6%
Q1 2011+4.5%
Q4 2010+3.9%
Q3 2010+1.8%
Q2 2010+0.4%
Q1 2010+3.0%
Q1 2009+3.0%
Q4 2007+2.3%
Q4 2009+2.3%
Q3 2008+2.4%
Q3 2009+2.4%
Q2 2008-2.2%
Q4 2008-2.2%
Q2 2009-2.2%

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