Financials Hess Corporation

Equities

HES

US42809H1077

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 04:00:02 2025-02-10 pm EST			5-day change	1st Jan Change
145.83 ^USD	+2.02%		+5.04%	+9.64%

06:08am	Chevron struggles to replace oil, gas reserves amid Hess deal limbo	RE
Jan. 31	Chevron misses earnings estimate as refining posts first loss in four years	RE

Projected Income Statement: Hess Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	6,510	4,804	7,554	11,570	10,645	13,018	12,544	14,641
Change	-	-26.21%	57.24%	53.16%	-7.99%	22.29%	-3.64%	16.72%
EBITDA ¹	2,956	2,169	3,808	6,105	5,312	7,579	6,854	8,529
Change	-	-26.62%	75.56%	60.32%	-12.99%	42.68%	-9.56%	24.44%
EBIT ¹	601	-2,382	1,971	4,174	2,949	4,766	3,817	5,503
Change	-	-	-	111.77%	-29.35%	61.61%	-19.92%	44.17%
Interest Paid ¹	-380	-468	-481	-493	-478	-412	-402.3	-401.9
Earnings before Tax (EBT) ¹	221	-2,850	1,490	3,681	2,471	4,354	4,452	5,663
Change	-	-	-	147.05%	-32.87%	76.2%	2.26%	27.2%
Net income ¹	-412	-3,093	559	2,223	1,382	2,769	2,667	3,590
Change	-	650.73%	-	297.67%	-37.83%	100.36%	-3.68%	34.62%
Announcement Date	1/29/20	1/27/21	1/26/22	1/25/23	1/31/24	1/29/25	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	1,699	1,369	842	1,176	1,417	1,919	1,598	1,782	2,255	2,371	2,988	3,157	3,054	2,453	2,320	2,837	3,035	3,314	3,255	3,197	3,225	2,886	3,035	3,173	3,320	3,359	3,407	3,414
Change	-	-19.42%	-38.5%	39.67%	20.49%	35.43%	-16.73%	11.51%	26.54%	5.14%	26.02%	5.66%	-3.26%	-19.68%	-5.42%	22.28%	6.98%	9.19%	-1.78%	-1.78%	0.88%	-10.51%	5.16%	4.54%	4.66%	1.16%	1.42%	0.21%
EBITDA ¹	723	544	387	529	709	1,005	833	809	1,132	1,183	1,627	1,596	1,677	1,284	1,083	1,498	1,447	2,127	1,954	1,646	1,852	1,569	1,585	1,810	1,943	2,237	2,369	2,514
Change	-	-24.76%	-28.86%	36.69%	34.03%	41.75%	-17.11%	-2.88%	39.93%	4.51%	37.53%	-1.91%	5.08%	-23.43%	-15.65%	38.32%	-3.4%	46.99%	-8.13%	-15.76%	12.52%	-15.28%	1%	14.24%	7.31%	15.14%	5.9%	6.12%
EBIT ¹	31	-2,332	-153	-60	163	576	253	453	689	803	1,203	1,013	1,133	727	487	934	801	1,528	1,253	964	1,021	870.7	893.8	992.9	1,155	1,375	1,439	1,478
Change	-	-	-93.44%	-60.78%	-	253.37%	-56.08%	79.05%	52.1%	16.55%	49.81%	-15.79%	11.85%	-35.83%	-33.01%	91.79%	-14.24%	90.76%	-18%	-23.06%	5.91%	-14.72%	2.65%	11.08%	16.3%	19.06%	4.66%	2.74%
Charge d'intérêts ¹	-95	-113	-119	-118	-118	-117	-118	-125	-121	-123	-121	-125	-124	-123	-122	-117	-116	-113	-106	-100	-93	-87	-87	-87	-87	-95.3	-95.74	-96.18
Earnings before Tax (EBT) ¹	-64	-2,445	-272	-178	45	459	135	328	568	702	1,082	888	1,009	604	365	817	685	1,415	1,147	864	928	1,042	1,062	1,109	1,240	1,421	1,459	1,499
Change	-	3,720.31%	-88.88%	-34.56%	-	920%	-70.59%	142.96%	73.17%	23.59%	54.13%	-17.93%	13.63%	-40.14%	-39.57%	123.84%	-16.16%	106.57%	-18.94%	-24.67%	7.41%	12.24%	1.94%	4.44%	11.81%	14.59%	2.67%	2.73%
Net income ¹	-222	-2,433	-320	-243	-97	252	-73	115	265	417	667	515	624	346	119	504	413	972	757	498	542	659.8	651.3	717.8	801	952.7	973.4	1,000
Change	-	995.95%	-86.85%	-24.06%	-60.08%	-	-	-	130.43%	57.36%	59.95%	-22.79%	21.17%	-44.55%	-65.61%	323.53%	-18.06%	135.35%	-22.12%	-34.21%	8.84%	21.74%	-1.3%	10.21%	11.6%	18.93%	2.17%	2.75%
Announcement Date	1/29/20	5/7/20	7/29/20	10/28/20	1/27/21	4/28/21	7/28/21	10/27/21	1/26/22	4/27/22	7/27/22	10/26/22	1/25/23	4/26/23	7/26/23	10/25/23	1/31/24	4/25/24	7/31/24	10/30/24	1/29/25	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Hess Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	5,835	6,557	5,745	5,795	6,925	7,407	6,798	6,279
Change	-	12.37%	-12.38%	0.87%	19.5%	6.96%	-9.17%	-7.63%
Announcement Date	1/29/20	1/27/21	1/26/22	1/25/23	1/31/24	1/29/25	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Hess Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	2,829	2,197	1,747	2,725	4,108	4,946	4,595	4,846
Change	-	-22.34%	-20.48%	55.98%	50.75%	20.4%	-7.35%	5.45%
Free Cash Flow (FCF) ¹	-1,187	-864	1,143	1,219	-166	654	372	1,364
Change	-	-27.21%	-232.29%	6.65%	-113.62%	-493.98%	-58.9%	266.67%
Announcement Date	1/29/20	1/27/21	1/26/22	1/25/23	1/31/24	1/29/25	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Hess Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	45.41%	45.15%	50.41%	52.77%	49.9%	58.22%	54.64%	58.26%
EBIT Margin (%)	9.23%	-49.58%	26.09%	36.08%	27.7%	36.61%	30.43%	37.58%
EBT Margin (%)	3.39%	-59.33%	19.72%	31.82%	23.21%	33.45%	35.49%	38.68%
Net margin (%)	-6.33%	-64.38%	7.4%	19.21%	12.98%	21.27%	21.26%	24.52%
FCF margin (%)	-18.23%	-17.99%	15.13%	10.54%	-1.56%	5.02%	2.97%	9.32%
FCF / Net Income (%)	288.11%	27.93%	204.47%	54.84%	-12.01%	23.62%	13.95%	37.99%
Profitability
ROA	-1.3%	-15.24%	2.84%	10.53%	6.05%	11.8%	8.5%	9%
ROE	-3.06%	-12.68%	11.61%	31.13%	18.43%	29.53%	17.66%	21.23%
Financial Health
Leverage (Debt/EBITDA)	1.97x	3.02x	1.51x	0.95x	1.3x	0.98x	0.99x	0.74x
Debt / Free cash flow	-4.92x	-7.59x	5.03x	4.75x	-41.72x	11.33x	18.27x	4.6x
Capital Intensity
CAPEX / Current Assets (%)	43.46%	45.73%	23.13%	23.55%	38.59%	37.99%	36.64%	33.1%
CAPEX / EBITDA (%)	95.7%	101.29%	45.88%	44.64%	77.33%	65.26%	67.05%	56.81%
CAPEX / FCF (%)	-238.33%	-254.28%	152.84%	223.54%	-2,474.7%	756.27%	1,235.33%	355.26%
Items per share
Cash flow per share ¹	7.43	5.92	9.67	16.87	14.61	18.16	19	22.77
Change	-	-20.32%	63.35%	74.42%	-13.38%	24.33%	-4.6%	19.84%
Dividend per Share ¹	1	1	1	1.5	1.75	1.893	1.952	2.21
Change	-	0%	0%	50%	16.67%	8.19%	3.1%	13.22%
Book Value Per Share ¹	28.63	17.6	20.37	25.78	29.21	36.36	44.19	55.59
Change	-	-38.52%	15.7%	26.58%	13.31%	24.45%	17.09%	25.8%
EPS ¹	-1.37	-10.15	1.81	7.18	4.49	8.98	7.681	11.68
Change	-	640.88%	-117.83%	296.69%	-37.47%	100%	-13.09%	52.09%
Nbr of stocks (in thousands)	301,825	305,063	307,810	306,692	305,847	307,097	307,097	307,097
Announcement Date	1/29/20	1/27/21	1/26/22	1/25/23	1/31/24	1/29/25	-	-