UPDATE: Hess Corp. (HES) Tops Q1 EPS by 7c
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Hess Reports Estimated Results for the First Quarter of 2015
April 29, 2015 7:30 AM EDTFirst Quarter Highlights:
Net loss was $389Â million compared to net income of $386 million in the first quarter of 2014. Adjusted net loss was $279 million or $0.98 per share compared to net income of $446 million or $1.38 per share in the prior year quarter; lower hydrocarbon prices reduced first quarter 2015 adjusted net income by approximately $700 million, after-tax. Oil and gas production increased to 361,000Â barrels of oil equivalent per day (boepd) compared to 318,000Â boepd in the first quarter of 2014. Oil and gas production in... More