Hess Corporation (HES) reported a profit for its second quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $757 million, or $2.46 per share. This compares with $119 million, or $0.39 per share, in last year's second quarter.
Excluding items, Hess Corporation reported adjusted earnings of $809 million or $2.62 per share for the period.
Analysts on average had expected the company to earn $2.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 40.3% to $3.255 billion from $2.320 billion last year.
Hess Corporation earnings at a glance (GAAP) :
-Earnings (Q2): $757 Mln. vs. $119 Mln. last year.-EPS (Q2): $2.46 vs. $0.39 last year.-Revenue (Q2): $3.255 Bln vs. $2.320 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.