Hess Corporation (HES) revealed earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $972 million, or $3.16 per share. This compares with $346 million, or $1.13 per share, in last year's first quarter.
Analysts on average had expected the company to earn $1.69 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 9.9% to $3.34 billion from $3.04 billion last year.
Hess Corporation earnings at a glance (GAAP) :
-Earnings (Q1): $972 Mln. vs. $346 Mln. last year.-EPS (Q1): $3.16 vs. $1.13 last year.-Revenue (Q1): $3.34 Bln vs. $3.04 Bln last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.