Hess Corporation (HES), an independent energy company, Wednesday reported net income of $430 million or $1.39 per share for the first quarter, lower than $972 million or $3.16 per share in the same quarter a year ago, primarily due to decline in sales volumes as well prices.
Excluding one-time items, earnings were $559 million or $1.81 per share, that beat the analysts' average estimate of $1.61 per share. Analysts' estimates typically exclude special items.
Total revenues and non-operating income for the quarter grew to $2.938 billion from $3.341 billion in the previous year. The consensus estimate was for $3.01 billion.
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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.