Cash flow Hess Corporation

Equities

HES

US42809H1077

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 16:00:02 2025-06-16 EDT			5-day change	1st Jan Change
141.75 ^USD	-0.36%		+4.13%	+6.57%

06-11	First crude from Guyana's fourth platform to be exported in August-September	RE
06-11	UBS Raises Hess Price Target to $173 From $163, Maintains Buy Rating	MT

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Published financial data: HESS CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	4.54B	7.3B	11.07B	10.3B	12.66B
Total Revenues	4.54B	7.3B	11.07B	10.3B	12.66B
Cost of Goods Sold, Total	883M	2.03B	3.33B	2.73B	2.62B
Gross Profit	3.66B	5.27B	7.74B	7.56B	10.04B
Selling General & Admin Expenses, Total	1.55B	1.57B	1.98B	2.3B	2.45B
Exploration / Drilling Costs, Total	175M	142M	188M	232M	304M
Depreciation & Amortization - (IS)	2.07B	1.53B	1.7B	2.05B	2.49B
Impairment of Oil, Gas & Mineral Properties - (IS)	176M	20M	20M	85M	154M
Other Operating Expenses	-56M	68M	-61M	-39M	-22M
Other Operating Expenses, Total	3.92B	3.33B	3.83B	4.63B	5.38B
Operating Income	-259M	1.94B	3.91B	2.94B	4.67B
Interest Expense, Total	-468M	-481M	-493M	-478M	-412M
Interest And Investment Income	-	-	32M	82M	65M
Net Interest Expenses	-468M	-481M	-461M	-396M	-347M
Currency Exchange Gains (Loss)	-6M	2M	-2M	6M	-
Other Non Operating Income (Expenses)	-	-	-	5M	34M
EBT, Excl. Unusual Items	-733M	1.46B	3.44B	2.55B	4.35B
Restructuring Charges	-25M	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	87M	29M	101M	2M	1M
Asset Writedown	-2.18B	-	-	-82M	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-2.85B	1.49B	3.55B	2.47B	4.35B
Income Tax Expense	-11M	600M	1.1B	733M	1.2B
Earnings From Continuing Operations	-2.84B	890M	2.45B	1.74B	3.15B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	-2.84B	890M	2.45B	1.74B	3.15B
Minority Interest	-254M	-331M	-351M	-356M	-383M
Net Income - (IS)	-3.09B	559M	2.1B	1.38B	2.77B
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	-3.09B	559M	2.1B	1.38B	2.77B
Net Income to Common Excl. Extra Items	-3.09B	559M	2.1B	1.38B	2.77B
Per Share Items
Net EPS - Basic	-10.15	1.82	6.8	4.52	9.03
Basic EPS - Continuing Operations	-10.15	1.82	6.8	4.52	9.03
Basic Weighted Average Shares Outstanding	305M	307M	308M	306M	307M
Net EPS - Diluted	-10.15	1.81	6.77	4.49	8.98
Diluted EPS - Continuing Operations	-10.15	1.81	6.77	4.49	8.98
Diluted Weighted Average Shares Outstanding	305M	309M	310M	308M	308M
Normalized Basic EPS	-2.34	1.89	5.85	4.05	7.62
Normalized Diluted EPS	-2.34	1.88	5.82	4.03	7.58
Dividend Per Share	1	1	1.5	1.75	1.88
Payout Ratio	-9.99	55.64	22.19	39	20.91
Supplemental Items
EBITDA	1.99B	3.49B	5.63B	5.07B	7.31B
EBITA	-259M	1.94B	3.91B	2.94B	4.67B
EBIT	-259M	1.94B	3.91B	2.94B	4.67B
EBITDAR	2.41B	3.72B	6.07B	5.65B	8B
Total Revenues (As Reported)	4.8B	7.58B	11.57B	10.64B	13.02B
Effective Tax Rate - (Ratio)	0.39	40.27	30.99	29.66	27.61
Current Domestic Taxes	-	3M	5M	7M	13M
Current Foreign Taxes	-	478M	789M	537M	934M
Total Current Taxes	-	481M	794M	544M	947M
Deferred Domestic Taxes	-	12M	22M	31M	59M
Deferred Foreign Taxes	-	107M	283M	158M	196M
Total Deferred Taxes	-	119M	305M	189M	255M
Normalized Net Income	-712M	582M	1.8B	1.24B	2.34B
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	468M	481M	503M	526M	544M
Non-Cash Pension Expense	-59M	-75M	-114M	-39M	-24M
Supplemental Operating Expense Items
General and Administrative Expenses	352M	340M	531M	527M	492M
Exploration/Drilling Costs	108M	131M	132M	143M	145M
Net Rental Expense, Total	422M	229M	440M	583M	692M
Imputed Operating Lease Interest Expense	186M	96.75M	190M	238M	239M
Imputed Operating Lease Depreciation	236M	132M	250M	345M	453M
Stock-Based Comp., Other (Total)	79M	77M	83M	87M	100M
Total Stock-Based Compensation	79M	77M	83M	87M	100M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.74B	2.71B	2.49B	1.69B	1.17B
Total Cash And Short Term Investments	1.74B	2.71B	2.49B	1.69B	1.17B
Accounts Receivable, Total	710M	1.06B	1.04B	1.18B	1.27B
Other Receivables	150M	149M	121M	150M	196M
Total Receivables	860M	1.21B	1.16B	1.33B	1.47B
Inventory	378M	223M	217M	304M	419M
Other Current Assets, Total	104M	199M	66M	108M	113M
Total Current Assets	3.08B	4.35B	3.93B	3.43B	3.17B
Gross Property Plant And Equipment	31.16B	31.74B	33.37B	37.7B	41.89B
Accumulated Depreciation	-16.45B	-17.06B	-17.58B	-19.44B	-21.22B
Net Property Plant And Equipment	14.71B	14.68B	15.79B	18.26B	20.66B
Long-term Investments	5M	2M	-	-	-
Goodwill	360M	360M	360M	360M	360M
Deferred Tax Assets Long-Term	59M	71M	133M	320M	579M
Other Long-Term Assets, Total	607M	1.06B	1.48B	1.64B	1.78B
Total Assets	18.82B	20.52B	21.7B	24.01B	26.55B
Liabilities
Accounts Payable, Total	200M	220M	285M	402M	417M
Accrued Expenses, Total	759M	1.04B	1.15B	1.27B	1.14B
Current Portion of Long-Term Debt	10M	517M	3M	311M	23M
Current Portion of Leases	81M	89M	221M	370M	346M
Current Income Taxes Payable	81M	528M	47M	85M	98M
Other Current Liabilities	492M	665M	688M	830M	807M
Total Current Liabilities	1.62B	3.06B	2.4B	3.27B	2.83B
Long-Term Debt	8.29B	7.94B	8.28B	8.3B	8.56B
Long-Term Leases	698M	594M	648M	615M	536M
Deferred Tax Liability Non Current	342M	383M	418M	608M	784M
Other Non Current Liabilities	1.54B	1.51B	1.46B	1.61B	1.85B
Total Liabilities	12.49B	13.49B	13.2B	14.4B	14.55B
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	307M	310M	306M	307M	308M
Additional Paid In Capital	5.68B	6.02B	6.21B	6.5B	6.62B
Retained Earnings	130M	379M	1.47B	2.32B	4.5B
Comprehensive Income and Other	-755M	-406M	-131M	-134M	-208M
Total Common Equity	5.37B	6.3B	7.86B	8.99B	11.22B
Minority Interest	969M	726M	641M	616M	787M
Total Equity	6.34B	7.03B	8.5B	9.6B	12B
Total Liabilities And Equity	18.82B	20.52B	21.7B	24.01B	26.55B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	305M	308M	305M	306M	307M
ECS Total Common Shares Outstanding	305M	308M	305M	306M	307M
Book Value / Share	17.59	20.45	25.77	29.35	36.53
Tangible Book Value	5.01B	5.94B	7.5B	8.63B	10.86B
Tangible Book Value Per Share	16.41	19.28	24.58	28.18	35.35
Total Debt	9.08B	9.14B	9.15B	9.6B	9.46B
Net Debt	7.34B	6.43B	6.66B	7.91B	8.29B
Debt Equivalent of Unfunded Proj. Benefit Obligation	311M	-161M	-436M	-463M	-376M
Debt Equivalent Oper. Leases	3.38B	1.83B	3.52B	4.66B	5.54B
Minority Interest, Total (Incl. Fin. Div)	969M	726M	641M	616M	787M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	152M	171M	154M	232M	324M
Inventories - Finished Goods, Total	226M	52M	63M	72M	95M
Full Time Employees	1.62K	1.54K	1.62K	1.76K	1.8K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-3.09B	559M	2.1B	1.38B	2.77B
Depreciation & Amortization - CF	2.07B	1.53B	1.7B	2.05B	2.49B
Impairment of Oil, Gas & Mineral Properties - (CF)	176M	20M	20M	85M	154M
Depreciation & Amortization, Total	2.25B	1.55B	1.72B	2.13B	2.64B
(Gain) Loss From Sale Of Asset	-87M	-29M	-101M	-2M	-1M
Asset Writedown & Restructuring Costs	2.13B	147M	54M	82M	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	79M	77M	83M	87M	100M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	528M	689M	1.27B	814M	844M
Change In Accounts Receivable	267M	-748M	-301M	-324M	-140M
Change In Inventories	-117M	135M	2M	-87M	-115M
Change In Accounts Payable	-533M	241M	50M	253M	-115M
Change In Income Taxes	-16M	447M	-465M	38M	13M
Change in Other Net Operating Assets	-71M	-176M	-463M	-432M	-396M
Cash from Operations	1.33B	2.89B	3.94B	3.94B	5.6B
Capital Expenditure	-2.2B	-1.75B	-2.72B	-4.11B	-4.95B
Sale of Property, Plant, and Equipment	493M	427M	178M	3M	16M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-3M	-5M	-8M	-8M	-7M
Cash from Investing	-1.71B	-1.32B	-2.56B	-4.11B	-4.94B
Short Term Debt Issued, Total	152M	-	-	322M	-
Long-Term Debt Issued, Total	1B	750M	420M	-	600M
Total Debt Issued	1.15B	750M	420M	322M	600M
Short Term Debt Repaid, Total	-	-80M	-86M	-	-325M
Long-Term Debt Repaid, Total	-7M	-520M	-519M	-13M	-324M
Total Debt Repaid	-7M	-600M	-605M	-13M	-649M
Issuance of Common Stock	-	255M	198M	177M	21M
Repurchase of Common Stock	-	-	-630M	-20M	-
Issuance of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-309M	-311M	-465M	-539M	-579M
Preferred Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-309M	-311M	-465M	-539M	-579M
Other Financing Activities, Total	-268M	-685M	-534M	-554M	-573M
Cash from Financing	568M	-591M	-1.62B	-627M	-1.18B
Net Change in Cash	194M	974M	-227M	-798M	-517M
Supplemental Items
Cash Interest Paid	460M	459M	486M	470M	408M
Cash Income Tax Paid (Refund)	64M	16M	1.04B	71M	78M
Levered Free Cash Flow	-832M	1.42B	1.12B	-234M	61.75M
Unlevered Free Cash Flow	-540M	1.73B	1.43B	65M	319M
Change In Net Working Capital	510M	-635M	98M	-120M	392M
Net Debt Issued / Repaid	1.14B	150M	-185M	309M	-49M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-0.8	6.16	11.57	8.03	11.54
Return on Total Capital	-0.98	7.68	14.45	9.96	14.34
Return On Equity %	-35.4	13.32	31.53	19.21	29.18
Return on Common Equity	-43.88	9.58	29.61	16.41	27.41
Margin Analysis
Gross Profit Margin %	80.56	72.14	69.93	73.46	79.31
SG&A Margin	34.12	21.49	17.91	22.37	19.37
EBITDA Margin %	43.83	47.77	50.87	49.22	57.71
EBITA Margin %	-5.7	26.57	35.31	28.52	36.85
EBIT Margin %	-5.7	26.57	35.31	28.52	36.85
Income From Continuing Operations Margin %	-62.49	12.19	22.11	16.88	24.89
Net Income Margin %	-68.08	7.66	18.94	13.42	21.87
Net Avail. For Common Margin %	-68.08	7.66	18.94	13.42	21.87
Normalized Net Income Margin	-15.68	7.97	16.28	12.03	18.46
Levered Free Cash Flow Margin	-18.32	19.52	10.09	-2.27	0.49
Unlevered Free Cash Flow Margin	-11.88	23.63	12.88	0.63	2.52
Asset Turnover
Asset Turnover	0.22	0.37	0.52	0.45	0.5
Fixed Assets Turnover	0.28	0.5	0.73	0.6	0.65
Receivables Turnover (Average Receivables)	5.51	8.24	10.53	9.27	10.32
Inventory Turnover (Average Inventory)	2.76	6.77	15.13	10.49	7.25
Short Term Liquidity
Current Ratio	1.9	1.42	1.64	1.05	1.12
Quick Ratio	1.6	1.28	1.52	0.92	0.93
Operating Cash Flow to Current Liabilities	0.82	0.94	1.65	1.21	1.98
Days Sales Outstanding (Average Receivables)	66.46	44.29	34.67	39.37	35.47
Days Outstanding Inventory (Average Inventory)	132.43	53.92	24.13	34.8	50.5
Average Days Payable Outstanding	111.81	40.79	27.74	44.48	54.8
Cash Conversion Cycle (Average Days)	87.08	57.43	31.06	29.7	31.17
Long Term Solvency
Total Debt/Equity	143.25	130.1	107.7	99.98	78.81
Total Debt / Total Capital	58.89	56.54	51.85	49.99	44.08
LT Debt/Equity	141.82	121.48	105.06	92.89	75.74
Long-Term Debt / Total Capital	58.3	52.79	50.58	46.45	42.36
Total Liabilities / Total Assets	66.34	65.75	60.84	60	54.79
EBIT / Interest Expense	-0.55	4.03	7.93	6.14	11.33
EBITDA / Interest Expense	5.16	7.73	12.31	11.82	19.42
(EBITDA - Capex) / Interest Expense	0.46	4.1	6.79	3.23	7.41
Total Debt / EBITDA	3.76	2.46	1.51	1.7	1.18
Net Debt / EBITDA	3.04	1.73	1.1	1.4	1.04
Total Debt / (EBITDA - Capex)	42.01	4.64	2.73	6.23	3.1
Net Debt / (EBITDA - Capex)	33.96	3.26	1.99	5.13	2.72
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-28.01	60.71	51.61	-6.99	22.99
Gross Profit, 1 Yr. Growth %	-20	43.91	46.97	-2.3	32.78
EBITDA, 1 Yr. Growth %	-29.72	-2.68K	61.3	-10.86	45.88
EBITA, 1 Yr. Growth %	-137.32	-181.34	101.13	-25.88	63.49
EBIT, 1 Yr. Growth %	-137.32	-181.34	101.13	-25.88	63.49
Earnings From Cont. Operations, 1 Yr. Growth %	1.08K	-131.35	174.94	-28.97	81.36
Net Income, 1 Yr. Growth %	658.09	-118.07	274.96	-34.06	100.36
Normalized Net Income, 1 Yr. Growth %	-2.46K	-128.52	209.58	-32.55	96.91
Diluted EPS Before Extra, 1 Yr. Growth %	640.88	-117.83	274.03	-33.68	100
Accounts Receivable, 1 Yr. Growth %	-24.47	49.58	-1.98	13.35	7.97
Inventory, 1 Yr. Growth %	44.83	-41.01	-2.69	40.09	37.83
Net Property, Plant and Equip., 1 Yr. Growth %	-16.24	-0.21	7.6	15.61	13.16
Total Assets, 1 Yr. Growth %	-13.59	9	5.75	10.66	10.6
Tangible Book Value, 1 Yr. Growth %	-40.21	18.66	26.18	15.09	25.85
Common Equity, 1 Yr. Growth %	-38.55	17.41	24.68	14.4	24.82
Cash From Operations, 1 Yr. Growth %	-18.82	116.8	36.47	-0.05	42.06
Capital Expenditures, 1 Yr. Growth %	-22.34	-20.48	55.98	50.75	20.4
Levered Free Cash Flow, 1 Yr. Growth %	943.73	-165.93	-21.68	-120.32	-123.66
Unlevered Free Cash Flow, 1 Yr. Growth %	-442.23	-192.34	-17.48	-95.54	745.7
Dividend Per Share, 1 Yr. Growth %	0	0	50	16.67	7.14
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-14.07	7.56	56.09	18.75	6.95
Gross Profit, 2 Yr. CAGR %	-8.6	7.3	45.43	19.83	13.9
EBITDA, 2 Yr. CAGR %	-13.7	10.96	534.2	18.13	13.38
EBITA, 2 Yr. CAGR %	-41.43	67.19	27.87	18.72	9.28
EBIT, 2 Yr. CAGR %	-41.43	67.19	27.87	18.72	9.28
Earnings From Cont. Operations, 2 Yr. CAGR %	396.86	92.57	-7.16	39.74	13.49
Net Income, 2 Yr. CAGR %	231.18	17.05	-17.68	57.23	14.94
Normalized Net Income, 2 Yr. CAGR %	268.74	339.59	-6.03	35.55	13.89
Diluted EPS Before Extra, 2 Yr. CAGR %	203.76	14.94	-18.33	57.5	15.17
Accounts Receivable, 2 Yr. CAGR %	-4.04	6.29	21.09	5.41	10.63
Inventory, 2 Yr. CAGR %	24.21	-7.57	-24.23	16.76	38.96
Net Property, Plant and Equip., 2 Yr. CAGR %	-4.37	-8.57	3.62	11.54	14.38
Total Assets, 2 Yr. CAGR %	-6.29	-2.95	7.36	8.18	10.63
Tangible Book Value, 2 Yr. CAGR %	-26.51	-15.77	22.36	20.51	20.35
Common Equity, 2 Yr. CAGR %	-25.35	-15.06	20.99	19.43	19.49
Cash From Operations, 2 Yr. CAGR %	-17.09	32.67	72.01	16.79	19.16
Capital Expenditures, 2 Yr. CAGR %	2.36	-21.42	11.37	53.34	34.72
Levered Free Cash Flow, 2 Yr. CAGR %	277.21	322.69	-28.15	-60.71	-77.03
Unlevered Free Cash Flow, 2 Yr. CAGR %	68.18	230.73	-12.73	-81.08	-53.54
Dividend Per Share, 2 Yr. CAGR %	0	0	22.47	32.29	11.8
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-5.29	5.87	20.6	31.35	20.15
Gross Profit, 3 Yr. CAGR %	-3.56	6.33	19.16	27.37	24
EBITDA, 3 Yr. CAGR %	-0.6	9.28	25.73	230.78	26.25
EBITA, 3 Yr. CAGR %	-55.04	36.97	77.91	7.1	30.84
EBIT, 3 Yr. CAGR %	-55.04	36.97	77.91	7.1	30.84
Earnings From Cont. Operations, 3 Yr. CAGR %	-10.36	97.8	116.84	-15.09	52.43
Net Income, 3 Yr. CAGR %	-8.77	25.62	72.55	-23.55	70.47
Normalized Net Income, 3 Yr. CAGR %	-30.35	123.17	291.1	-15.34	51.37
Diluted EPS Before Extra, 3 Yr. CAGR %	-8.2	18.06	70.33	-23.8	70.56
Accounts Receivable, 3 Yr. CAGR %	1.6	11.26	3.46	18.45	6.25
Inventory, 3 Yr. CAGR %	17.67	-3.09	-5.97	-7	23.4
Net Property, Plant and Equip., 3 Yr. CAGR %	-3.15	-3	-3.47	7.47	12.08
Total Assets, 3 Yr. CAGR %	-6.62	-1.45	-0.13	8.45	8.98
Tangible Book Value, 3 Yr. CAGR %	-22.34	-13.78	-3.62	19.89	22.26
Common Equity, 3 Yr. CAGR %	-21.4	-13.18	-3.47	18.75	21.2
Cash From Operations, 3 Yr. CAGR %	12.15	14.23	33.92	43.54	24.67
Capital Expenditures, 3 Yr. CAGR %	4.29	-5.91	-1.24	23.2	41.47
Levered Free Cash Flow, 3 Yr. CAGR %	-5.66	189.87	141.08	-52.38	-65.58
Unlevered Free Cash Flow, 3 Yr. CAGR %	-23.25	108.32	108.29	-67.37	-43.97
Dividend Per Share, 3 Yr. CAGR %	0	0	14.47	20.51	23.31
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-6.88	9.39	15.66	10.85	14.94
Gross Profit, 5 Yr. CAGR %	-6.77	7.92	13.67	11.54	17.03
EBITDA, 5 Yr. CAGR %	-2.56	30.09	22.67	13.64	20.86
EBITA, 5 Yr. CAGR %	-35.71	-10.35	6.53	31.21	46.39
EBIT, 5 Yr. CAGR %	-35.71	-10.35	6.53	31.21	46.39
Earnings From Cont. Operations, 5 Yr. CAGR %	-0.82	-31.9	-9.09	72.14	67.37
Net Income, 5 Yr. CAGR %	0.24	-38.06	-12.45	37.42	46.67
Normalized Net Income, 5 Yr. CAGR %	-17.07	-24.32	-3.08	88.25	138.76
Diluted EPS Before Extra, 5 Yr. CAGR %	-0.88	-38.1	-12.39	32.49	45.65
Accounts Receivable, 5 Yr. CAGR %	-3.47	2.47	8.99	8.88	6.27
Inventory, 5 Yr. CAGR %	-1.08	-7.14	-1.33	4.41	9.93
Net Property, Plant and Equip., 5 Yr. CAGR %	-11.01	-9.06	-0.5	2.57	3.31
Total Assets, 5 Yr. CAGR %	-11.24	-6.44	-1.26	2.29	4.04
Tangible Book Value, 5 Yr. CAGR %	-23.42	-15.95	-6.86	-1.43	5.33
Common Equity, 5 Yr. CAGR %	-22.66	-15.39	-6.6	-1.37	5.13
Cash From Operations, 5 Yr. CAGR %	-7.62	29.45	33.08	15.25	27.81
Capital Expenditures, 5 Yr. CAGR %	-12.65	-4.94	7.06	14.39	11.82
Levered Free Cash Flow, 5 Yr. CAGR %	-9.16	25.59	2.42	31.92	-4.99
Unlevered Free Cash Flow, 5 Yr. CAGR %	-13.77	47.79	3.6	-19.38	15.14
Dividend Per Share, 5 Yr. CAGR %	0	0	8.45	11.84	13.4