Hess Corp. Q2 Profit Surges - Quick Facts

(RTTNews) - Hess Corp. (HES) reported that its second-quarter net income attributable to the company was $1.431 billion or $4.16 per share, up from to $549 million or $1.61 per share in the same quarter last year.

Exploration and Production earnings were $1.533 billion in the second quarter of 2013, compared with $644 million in the second quarter of 2012. Second quarter 2013 results included $933 million of income and second quarter 2012 results included an after-tax charge of $36 million from items affecting comparability of earnings.

Adjusted earnings, which excludes the gain on sale of our Russian subsidiary and other items affecting comparability, were $520 million and $1.51 per share compared to $585 million in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $1.41 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues and non-operating income for the quarter rose to $4.105 billion from $3.321 billion in the prior year quarter. Seven analysts had consensus revenue estimate of $4.62 billion for the quarter.