Hess Reports Strong Q4 Numbers - Will the Stock Break Out of the Base Now?
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The oil and gas producer Hess should now be on your watchlist after strong numbers for Q4. The company reported a revenue increase of 11% to $396 million on January 29, well above the expected $300 million. The EPS also exceeded expectations at $1.63 compared to the anticipated $1.47. Positive news is that Hess expects throughput volumes across all oil and gas systems to increase by about 10% in 2025 compared to 2024. A significantly higher profit is anticipated for 2025 than was expected just last quarter. Furthermore, the debt-to-equity ratio...
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