Hess Corp. (NYSE:HES) has posted an impressive second-quarter earnings report with its stake in prolific Guyana helping it exceed estimates. Hess reported Q2 2024 non-GAAP EPS of $2.62, beating the Wall Street consensus by $0.07 while revenue of $3.26B was good for a robust 40.5% Y/Y growth although it missed the consensus by $30M.
The company saw a large increase in profits: Q2 net income was $757 million, or $2.46 per share, compared with net income of $119 million, or $0.39 per share for Q2 2023 while adjusted net income clocked…Hess Beat Earnings Estimates On Robust Guyana Output
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