Hess Corporation

Unknown Unknown Last filing Feb 27, 2025 · FY2024

                    Revenue
                    FY2024
                
$12.9B
                    3y CAGR +19.9%
                    
                    P100
                    
                    +22.7%
                    
                    Net income
                    FY2024
                
$2.8B
                    Net margin +21.5%
                    
                    P69
                    
                    +100.4%
                    
                    Total assets
                    FY2024
                
$26.6B
                    ROA +10.4%
                    
                    P77
                    
                    +10.6%
                    
                    Operating cash flow
                    FY2024
                
$5.6B
                    FCF margin +7.4%
                    
                    P50
                    
                    +42.1%

18 yrs · FY2007–FY2024 8 filed · 0 derived · 1 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

28 accounts · 3 years

Total assets $26.6B

Total liabilities $14.5B

Shareholders equity $11.2B

Account	2024	2023	2022
Assets
Property,Plant&Equipment(net)	75.0%	72.6%	69.6%
Capitalized Exploratory Well Costs	3.8%	4.0%	4.1%
Inventories	1.6%	1.3%	1.0%
Cash and Cash Equivalents	4.4%	7.0%	11.5%
Accounts&Notes Receivable	0.7%	0.6%	0.6%
Equity Method Investments	0.6%	0.7%	0.8%
Goodwill	1.4%	1.5%	1.7%
Deferred Tax Assets	2.2%	1.3%	0.6%
Other Current Assets	0.4%	0.4%	0.3%
Other Noncurrent Assets	4.2%	4.0%	3.8%
Total Assets	100.0%	100.0%	100.0%
Liabilities
Debt(notes,Bonds,Credit Facilities)	32.3%	35.9%	38.2%
Current Portion of Long Term Debt	0.1%	1.3%	0.0%
Asset Retirement Obligations	5.5%	5.6%	5.7%
Accounts Payable and Accrued Liabilities	1.6%	1.7%	1.3%
Deferred Tax Liabilities	3.0%	2.5%	1.9%
Operating Lease Liabilities	2.7%	3.4%	3.1%
Finance Lease Liabilities	0.6%	0.7%	0.9%
Other Current Liabilities	0.1%	0.7%	0.6%
Other Noncurrent Liabilities	1.8%	1.8%	2.0%
Total Liabilities	54.8%	60.0%	60.8%
Equity
Common Stock	1.2%	1.3%	1.4%
Additional Paid In Capital	24.9%	27.1%	28.6%
Retained Earnings/Accumulated Deficit	16.9%	9.7%	6.8%
Accumulated Other Comprehensive Income(loss)	-0.8%	-0.6%	-0.6%
Noncontrolling Interests	3.0%	2.6%	3.0%
Total Equity	42.2%	37.4%	36.2%
Total Liabilities and Equity	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

21 accounts · 3 years

Revenue $12.9B

Operating income Not reported

Net income $2.8B

Account	2024	2023	2022
IncomeStatement
Revenues Total Revenues	48.6%	43.8%	52.2%
Costs and Expenses Operating Costs and Expenses	7.4%	7.4%	6.7%
Costs and Expenses Exploration Expense	1.2%	1.3%	1.0%
Costs and Expenses Depreciation,Depletion and Amortization(dd&a)	9.4%	8.5%	7.8%
Costs and Expenses Selling,General and Administrative Expense(sg&a)	1.9%	2.2%	2.4%
Costs and Expenses Total Costs and Expenses	32.6%	34.0%	37.0%
Other Income Expense Gain(loss)On Asset Sales/dispositions	0.0%	0.0%	0.5%
Other Income Expense Interest Expense	1.6%	2.0%	2.3%
Other Income Expense Other Non Operating Income(expense)	0.5%	0.5%	0.7%
Income Before Tax Income Before Income Taxes	16.4%	10.3%	16.3%
Income Tax Income Tax Expense(benefit)	4.5%	3.1%	5.1%
net Income net Income(loss)	10.4%	5.8%	9.7%
net Income net Income(loss)Attributable To Company/common Stockholders	10.4%	5.8%	9.7%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	1.2%	1.3%	1.4%
Earnings Per Share Weighted Average Shares Diluted	1.2%	1.3%	1.4%
Comprehensive Income Other Comprehensive Income(loss),Net of Tax	-0.3%	-0.0%	1.3%
Comprehensive Income Comprehensive Income(loss),Net of Tax	10.2%	5.7%	10.9%
Comprehensive Income Comprehensive Income Attributable To Noncontrolling Interests	1.4%	1.5%	1.6%
Comprehensive Income Total Comprehensive Income(loss),Net of Tax	11.6%	7.2%	12.5%

Cash Flow Statement

Operating, investing, and financing flows

24 accounts · 3 years

Operating cash flow $5.6B

Investing cash flow $-4.9B

Financing cash flow $-1.2B

Account	2024	2023	2022
CashFlow
Operating Activities net Income	10.4%	5.8%	9.7%
Operating Activities Depreciation,Depletion and Amortization	9.4%	8.5%	7.8%
Operating Activities Exploration Costs/Dry Hole Costs(non Cash Portion)	0.2%	0.2%	0.0%
Operating Activities Deferred Income Tax Expense(benefit)	0.2%	0.1%	0.1%
Operating Activities Asset Retirement Obligation Accretion Expense	0.3%	0.3%	0.2%
Operating Activities Share Based Compensation Expense	0.4%	0.4%	0.4%
Operating Activities Changes In Operating Assets and Liabilities	1.5%	1.8%	2.1%
Operating Activities net Cash From Operating Activities	21.1%	16.4%	18.2%
Investing Activities Capital Expenditures(additions To Pp&e and Exploration)	17.5%	16.2%	11.5%
Investing Activities Proceeds From Sale of Assets/businesses	0.1%	0.0%	0.8%
Investing Activities Other Investing Activities	0.0%	0.0%	0.0%
Investing Activities net Cash From Investing Activities	-18.6%	-17.1%	-11.8%
Financing Activities Proceeds From Issuance of Debt	2.3%	0.0%	1.9%
Financing Activities Repayment of Debt	1.2%	0.0%	2.4%
Financing Activities Proceeds From Issuance of Common Stock	0.1%	0.0%	0.2%
Financing Activities Repurchase of Common Stock	0.0%	0.1%	2.9%
Financing Activities Dividends Paid(common&Preferred)	2.2%	2.2%	2.1%
Financing Activities Transactions With Noncontrolling Interests	-2.1%	-2.3%	-2.4%
Financing Activities Other Financing Activities	-0.1%	-0.0%	-0.1%
Financing Activities net Cash From Financing Activities	-4.4%	-2.6%	-7.4%
Cash Reconciliation net Change In Cash	-1.9%	-3.3%	-1.0%
Supplemental Disclosures Income Taxes Paid	0.3%	0.3%	4.8%
Supplemental Disclosures Interest Paid	1.5%	2.0%	2.2%
Supplemental Disclosures Non Cash Investing&Financing Activities	0.2%	1.1%	1.4%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2024	2023	2022
Profitability
Gross margin	—	—	—
Operating margin	—	—	—
Net margin	+21.5%	+13.1%	+18.5%
FCF margin	+7.4%	+0.6%	+12.9%
Growth
Revenue CAGR (3y)	+19.9%	+29.8%	+20.3%
Returns
ROE	+24.7%	+15.4%	+26.7%
ROA	+10.4%	+5.8%	+9.7%
ROIC	—	—	—
Liquidity
Current ratio	—	—	—
Quick ratio	—	—	—
Leverage
D/E	1.30x	1.60x	1.68x
Interest coverage	—	—	—
Efficiency
Asset turnover	0.49x	0.44x	0.52x
Cash conversion cycle	—	—	—

Valuation

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FY2024 fundamentals · no price

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Hess Corporation

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