The Board of Directors of Hess Corp. today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20th interest in a share of Series A preferred stock. The dividend is payable on May 1, 2018 to holders of [...]
The Board of Directors of Hess Corp. today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on March 29, 2018 to holders of record at the close of business on March 19, 2018. Hess Corp. is a leading global independent energy company engaged in the exploration and production of crude oil and [...]
Hess Corp. today announced a seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well. ExxonMobil encountered approximately 65 feet of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 18,363 feet depth in 6,781 feet of water. Drilling commenced on Jan. 29, 2018. “The giant Payara [...]
Hess Corp. announced today that John Hess, Chief Executive Officer, will present at the Credit Suisse 23rd Annual Energy Summit in Vail on Wednesday, February 14 at 8:40 a.m. Mountain Time. A live audio webcast and a replay of the presentation will be available. Hess Corp. is a leading global independent energy company engaged in the exploration [...]
Hess Midstream Partners LP today reported fourth quarter 2017 net income of $77.1 million compared with net income of $69.6 million for the fourth quarter of 2016. Net income attributable to Hess Midstream was $14.8 million, or $0.26 per common unit. Hess Midstream generated Adjusted EBITDA of $21.2 million and DCF of $21.0 million for the fourth [...]
Hess Corp. today reported a net loss of $2,677 million, or $8.57 per common share, in the fourth quarter of 2017, compared with a net loss of $4,892 million, or $15.65 per common share, in the fourth quarter of 2016. Fourth quarter 2017 results reflect net after-tax charges totaling $2,373 million, including a non-cash accounting charge of $1,700 [...]
Hess Midstream Partners LP today provided 2018 guidance and announced its 2018 Capital budget. John Hess, Chairman and CEO of Hess Midstream, said: “The Bakken is Hess Corp.’s largest operated growth asset. With Hess’ industry-leading position in the core of the play and increased activity starting in 2018, the Bakken is expected [...]
Hess Corp. today announced its 2018 E&P capital and exploratory budget will be $2.1 billion, the same as 2017. The 2018 budget allocates increased capital for continuing exploration and development activities offshore Guyana and for the Bakken, which includes growing the rig count from four rigs to six rigs. These increases are offset by lower [...]
Hess Midstream Partners LP announced today the formation of a 50/50 joint venture with Targa Resources Corp. to construct a new 200 million standard cubic feet per day gas processing plant called Little Missouri Four . The new gas plant will be located at Targa’s existing Little Missouri facility, south of the Missouri River in McKenzie [...]
Hess Midstream Partners LP , today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.3218 per common unit for the quarter ended December 31, 2017. The distribution represents a 3.6% quarterly increase compared to the Partnership's previous quarterly distribution, and 15% on an annualized [...]
Hess Corp. announced today that it will redeem all of its 8.125% Notes due February 15, 2019 , of which $349,621,000 aggregate principal amount is outstanding as of January 16, 2018. The formal notice of redemption was sent today to holders of the Notes, by The Bank of New York Mellon, the trustee under the indenture governing the Notes. The Notes [...]
Hess Midstream Partners LP announced today that it will hold a conference call on Monday, February 5, 2018 at 4:30 p.m. Eastern Standard Time to discuss its fourth quarter 2017 earnings release. To phone into the conference call, parties in the United States should dial 866-395-9624 and enter the passcode 4889458 after 4:15 p.m. Outside the United [...]
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