Hess Corp

Energy
Integrated oil Companies
www.hess.com

Earnings Score
Moat Score

Market Cap $43.41B
PE 16
Debt $8.62B
Cash $1.86B
EV $50.16B
FCF $NaN

Earnings

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Sales & Net Margins

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Earnings	$2.64B
EBIT	$4.11B
ROE	23%
ROA	16%
Equity	$11.60B
Growth Stability	1
PE	16.44
PEG	0.29
PB	3.74
P/S	3.41
Price/Cash	0.04
Debt/Equity	0.74
Net Margins	23%
Op. Margins	32%
Earnings CAGR	2%
Sales Growth YoY	14%
Sales Growth QoQ	-0%
Sales CAGR	10%
FCF CAGR	-0%
Equity CAGR	-10%
Earnings Stability	0.02
Earnings Growth YoY	-1%

Earnings Growth QoQ	-34%
Earnings CAGR 5Y	56%
Sales CAGR 5Y	23%
Equity CAGR 5Y	9%
Earnings CAGR 3Y	16%
Sales CAGR 3Y	16%
Equity CAGR 3Y	20%
Market Cap	$43.41B
Revenue	$12.71B
Assets	$26.23B
Total Debt	$8.62B
Cash	$1.86B
Shares Outstanding	306.7M
EV	50.16B
Earnings Score	6%
Moat Score	96%
Working Capital	767M
Current Ratio	1.26
Shares Growth 3y	-0%
Equity Growth QoQ	4%
Equity Growth YoY	25%

Assets & ROA

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Stockholders Equity & ROE

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Hess Corp is an independent oil and gas producer with key assets in the Bakken Shale, Guyana, the Gulf of Mexico, and Southeast Asia. At the end of 2021, the company reported net proved reserves as 26% of crude oil reserves and 36% of natural gas. Net worldwide sales volume averaged 326 thousand barrels of oil equivalent per day in 2021.

SEC Filings

Direct access to Hess Corp (HES) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Hess Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Hess Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 2%

Stability 2%

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Hess Corp Discounted Cash Flow

Fully customizable DCF calculator online for Hess Corp.

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	20%	-47%	-127%	-76%	-5%	-6%	-64%	7%	18%	13%	23%
ROA	-	-12%	-13%	-25%	1%	1%	-15%	7%	16%	10%	16%
ROE	-	-15%	-40%	-33%	-3%	-4%	-49%	8%	25%	14%	23%

Good Net Margins (22.95%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	4.07	13.23	9.49	-	-	-	-	-	-	-
Debt over Equity	0.27	0.33	0.44	0.61	0.62	0.74	1.32	1.29	0.98	0.94	0.74
Growth Stability	-	-	-	-	-	-	-	-	-	-	1

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.74)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-43%	-26%	12%	20%	1%	-26%	58%	53%	-9%	23%
Earnings YoY growth	-	-232%	102%	-33%	-92%	26%	651%	-118%	275%	-34%	56%
Equity YoY growth	-	-9%	-24%	-21%	-12%	-11%	-35%	11%	21%	13%	9%
FCF YoY growth	-	-316%	-68%	52%	-	-	-	-	-	-	-