HessNYSE: HES

Hess has been reporting poor results in the United States for a while now. The largest portion of their business in the U.S. comes from Hess Midstream. It's clear that they need to improve their profitability.

HES' earnings for the third quarter improved due to increased oil-equivalent production. Additionally, the company has updated its forecast for capital spending in 2024, raising it.

Hess Corp exceeded profit expectations for the third quarter on Wednesday, thanks to increased oil production in Guyana.

HES's earnings for the third quarter probably experienced a decline due to falling crude oil prices and rising costs for materials.

NEW YORK--(BUSINESS WIRE)--Hess has announced the date for its earnings release.

On Tuesday, the shares of Hess Corporation (HES) and Chevron Corporation (CVX) are experiencing an increase in value.

Hess Midstream is still considered a great investment because of its solid contract setup, a 7.2% distribution yield, and steady cash flows. Although the Chevron-Hess deal may be postponed until late 2025, it could offer more benefits in the future, but immediate profits are now expected later. In its Q2 report, HESM showed impressive growth with $277 million in adjusted EBITDA, $156 million in free cash flow, and an increase in gas volume forecasts.

HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP HAS ANNOUNCED THE PRICING OF A LARGER SECONDARY PUBLIC OFFERING OF CLASS A SHARES.

HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP has announced a secondary public offering of its Class A shares.