Hess Ebit vs Operating Income Analysis

HES Stock

USD 158.11 1.80 1.15%

Hess financial indicator trend analysis is much more than just examining Hess latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hess is a good investment. Please check the relationship between Hess Ebit and its Operating Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hess Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

Ebit vs Operating Income

Ebit vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hess Ebit account and Operating Income. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Hess' Ebit and Operating Income is 0.85. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Operating Income in the same time period over historical financial statements of Hess Corporation, assuming nothing else is changed. The correlation between historical values of Hess' Ebit and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of Hess Corporation are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Ebit i.e., Hess' Ebit and Operating Income go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Ebit

Operating Income

Operating Income is the amount of profit realized from Hess operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Hess Corporation is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from Hess' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hess current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hess Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

At this time, Hess' Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.06 in 2024, despite the fact that Discontinued Operations is likely to grow to (41 M).

	2021	2022	2023	2024 (projected)
Total Operating Expenses	2.5B	3.9B	527M	500.7M
Cost Of Revenue	2.9B	3.4B	7.1B	11.1B

Total Operating Expenses Cost Of Revenue

Hess fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock	Current Deferred Revenue	Common Stock Total Equity	Property Plant And Equipment Gross
Total Assets		0.13	0.84	0.81	0.97	0.97	0.15	0.91	-0.03	0.99	0.18	-0.03	0.78	0.73	0.8	0.33	0.84	-0.32	0.91	0.87	-0.01	0.71	0.32	-0.76	0.62	0.4
Short Long Term Debt Total	0.13		-0.07	-0.06	-0.07	0.21	0.82	-0.24	0.33	0.17	0.11	0.33	-0.06	0.36	0.67	-0.54	-0.02	0.34	0.38	-0.06	0.19	-0.14	-0.12	0.08	0.78	0.4
Other Current Liab	0.84	-0.07		0.98	0.78	0.72	0.19	0.78	-0.43	0.8	-0.12	-0.43	0.97	0.73	0.59	0.7	0.96	-0.64	0.87	0.89	0.1	0.94	0.59	-0.96	0.4	0.27
Total Current Liabilities	0.81	-0.06	0.98		0.74	0.68	0.21	0.72	-0.44	0.77	-0.12	-0.44	0.98	0.77	0.57	0.67	0.92	-0.58	0.86	0.89	0.24	0.93	0.54	-0.95	0.39	0.36
Total Stockholder Equity	0.97	-0.07	0.78	0.74		0.95	-0.08	0.97	0.01	0.96	0.23	0.01	0.7	0.59	0.65	0.35	0.77	-0.29	0.78	0.85	-0.09	0.64	0.24	-0.68	0.45	0.3
Property Plant And Equipment Net	0.97	0.21	0.72	0.68	0.95		0.17	0.88	0.07	0.99	0.25	0.07	0.64	0.64	0.83	0.18	0.73	-0.2	0.86	0.76	-0.09	0.57	0.21	-0.63	0.66	0.38
Net Debt	0.15	0.82	0.19	0.21	-0.08	0.17		-0.19	-0.27	0.19	-0.03	-0.27	0.23	0.39	0.63	-0.12	0.18	0.05	0.5	-0.03	0.22	0.15	0.1	-0.19	0.6	0.43
Retained Earnings	0.91	-0.24	0.78	0.72	0.97	0.88	-0.19		-0.09	0.9	0.19	-0.09	0.68	0.45	0.52	0.49	0.78	-0.38	0.69	0.81	-0.18	0.66	0.27	-0.68	0.28	0.15
Cash	-0.03	0.33	-0.43	-0.44	0.01	0.07	-0.27	-0.09		-0.03	0.23	1.0	-0.47	-0.04	0.08	-0.71	-0.32	0.49	-0.17	-0.04	-0.04	-0.49	-0.37	0.45	0.32	-0.03
Non Current Assets Total	0.99	0.17	0.8	0.77	0.96	0.99	0.19	0.9	-0.03		0.23	-0.03	0.73	0.68	0.83	0.28	0.8	-0.28	0.9	0.81	-0.05	0.65	0.28	-0.71	0.63	0.41
Non Currrent Assets Other	0.18	0.11	-0.12	-0.12	0.23	0.25	-0.03	0.19	0.23	0.23		0.23	-0.19	-0.16	0.19	-0.42	-0.21	0.26	0.06	-0.09	-0.1	-0.36	-0.22	0.29	0.06	0.47
Cash And Short Term Investments	-0.03	0.33	-0.43	-0.44	0.01	0.07	-0.27	-0.09	1.0	-0.03	0.23		-0.47	-0.04	0.08	-0.71	-0.32	0.49	-0.17	-0.04	-0.04	-0.49	-0.37	0.45	0.32	-0.03
Net Receivables	0.78	-0.06	0.97	0.98	0.7	0.64	0.23	0.68	-0.47	0.73	-0.19	-0.47		0.79	0.56	0.67	0.92	-0.66	0.85	0.87	0.17	0.96	0.65	-0.97	0.4	0.33
Common Stock Shares Outstanding	0.73	0.36	0.73	0.77	0.59	0.64	0.39	0.45	-0.04	0.68	-0.16	-0.04	0.79		0.73	0.16	0.71	-0.25	0.85	0.81	0.31	0.67	0.39	-0.73	0.75	0.52
Non Current Liabilities Total	0.8	0.67	0.59	0.57	0.65	0.83	0.63	0.52	0.08	0.83	0.19	0.08	0.56	0.73		-0.03	0.62	-0.11	0.91	0.58	0.02	0.46	0.25	-0.54	0.89	0.52
Inventory	0.33	-0.54	0.7	0.67	0.35	0.18	-0.12	0.49	-0.71	0.28	-0.42	-0.71	0.67	0.16	-0.03		0.66	-0.73	0.32	0.48	-0.01	0.79	0.52	-0.73	-0.27	-0.23
Other Current Assets	0.84	-0.02	0.96	0.92	0.77	0.73	0.18	0.78	-0.32	0.8	-0.21	-0.32	0.92	0.71	0.62	0.66		-0.63	0.86	0.89	-0.05	0.93	0.58	-0.93	0.43	0.11
Other Stockholder Equity	-0.32	0.34	-0.64	-0.58	-0.29	-0.2	0.05	-0.38	0.49	-0.28	0.26	0.49	-0.66	-0.25	-0.11	-0.73	-0.63		-0.36	-0.46	0.33	-0.77	-0.95	0.73	0.0	0.16
Total Liab	0.91	0.38	0.87	0.86	0.78	0.86	0.5	0.69	-0.17	0.9	0.06	-0.17	0.85	0.85	0.91	0.32	0.86	-0.36		0.81	0.13	0.76	0.43	-0.82	0.75	0.51
Total Current Assets	0.87	-0.06	0.89	0.89	0.85	0.76	-0.03	0.81	-0.04	0.81	-0.09	-0.04	0.87	0.81	0.58	0.48	0.89	-0.46	0.81		0.14	0.82	0.44	-0.85	0.48	0.27
Short Term Debt	-0.01	0.19	0.1	0.24	-0.09	-0.09	0.22	-0.18	-0.04	-0.05	-0.1	-0.04	0.17	0.31	0.02	-0.01	-0.05	0.33	0.13	0.14		0.04	-0.28	-0.09	0.11	0.49
Accounts Payable	0.71	-0.14	0.94	0.93	0.64	0.57	0.15	0.66	-0.49	0.65	-0.36	-0.49	0.96	0.67	0.46	0.79	0.93	-0.77	0.76	0.82	0.04		0.73	-0.98	0.32	0.1
Common Stock	0.32	-0.12	0.59	0.54	0.24	0.21	0.1	0.27	-0.37	0.28	-0.22	-0.37	0.65	0.39	0.25	0.52	0.58	-0.95	0.43	0.44	-0.28	0.73		-0.71	0.21	0.0
Current Deferred Revenue	-0.76	0.08	-0.96	-0.95	-0.68	-0.63	-0.19	-0.68	0.45	-0.71	0.29	0.45	-0.97	-0.73	-0.54	-0.73	-0.93	0.73	-0.82	-0.85	-0.09	-0.98	-0.71		-0.4	-0.18
Common Stock Total Equity	0.62	0.78	0.4	0.39	0.45	0.66	0.6	0.28	0.32	0.63	0.06	0.32	0.4	0.75	0.89	-0.27	0.43	0.0	0.75	0.48	0.11	0.32	0.21	-0.4		0.47
Property Plant And Equipment Gross	0.4	0.4	0.27	0.36	0.3	0.38	0.43	0.15	-0.03	0.41	0.47	-0.03	0.33	0.52	0.52	-0.23	0.11	0.16	0.51	0.27	0.49	0.1	0.0	-0.18	0.47

Click cells to compare fundamentals

Hess Account Relationship Matchups

Hess fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	21.8B	18.8B	20.5B	21.7B	24.0B	20.3B
Short Long Term Debt Total	7.9B	9.1B	9.1B	9.2B	9.6B	5.1B
Other Current Liab	2.3B	1.5B	2.5B	1.6B	2.6B	2.3B
Total Current Liabilities	2.5B	1.6B	3.1B	2.3B	3.3B	3.8B
Total Stockholder Equity	8.7B	5.4B	6.3B	8.0B	9.0B	8.8B
Property Plant And Equipment Net	17.6B	14.7B	14.7B	15.8B	18.3B	13.4B
Net Debt	6.4B	7.3B	6.4B	6.7B	7.9B	4.1B
Retained Earnings	3.5B	130M	379M	1.5B	2.3B	2.2B
Cash	1.5B	1.7B	2.7B	2.5B	1.7B	1.1B
Non Current Assets Total	18.6B	15.7B	16.2B	17.8B	20.6B	15.8B
Non Currrent Assets Other	1.1B	1.0B	1.5B	1.5B	2.3B	2.4B
Cash And Short Term Investments	1.5B	1.7B	2.7B	2.5B	1.7B	1.1B
Net Receivables	1.2B	860M	1.2B	1.2B	1.3B	2.1B
Common Stock Shares Outstanding	301.2M	304.8M	309.3M	309.6M	307.6M	318.7M
Liabilities And Stockholders Equity	21.8B	18.8B	20.5B	21.7B	24.0B	20.3B
Non Current Liabilities Total	9.6B	10.9B	10.4B	10.8B	11.1B	7.5B
Inventory	261M	378M	223M	217M	304M	288.8M
Other Current Assets	1.6B	1.3B	1.6B	1.4B	108M	102.6M
Other Stockholder Equity	5.6B	5.7B	6.0B	6.3B	6.5B	6.8B
Total Liab	12.1B	12.5B	13.5B	13.1B	14.4B	11.3B
Total Current Assets	3.2B	3.1B	4.3B	3.9B	3.4B	4.5B
Short Term Debt	199M	91M	606M	224M	681M	715.1M
Accounts Payable	411M	200M	220M	285M	402M	381.9M
Accumulated Other Comprehensive Income	(699M)	(755M)	(406M)	(131M)	(134M)	(140.7M)
Common Stock	291M	305M	307M	310M	306M	291.7M
Current Deferred Revenue	(411M)	(200M)	(220M)	133M	(402M)	(422.1M)
Common Stock Total Equity	305M	307M	310M	306M	351.9M	241.0M
Property Plant And Equipment Gross	17.6B	14.7B	31.2B	32.6B	37.6B	39.5B
Other Liab	1.8B	1.9B	1.9B	1.9B	2.2B	2.4B
Other Assets	705M	1.3B	1.5B	2.0B	2.3B	1.8B
Long Term Debt	7.1B	8.3B	7.9B	8.3B	8.3B	6.2B
Property Plant Equipment	16.8B	14.1B	14.7B	15.8B	18.2B	18.2B
Noncontrolling Interest In Consolidated Entity	974M	969M	726M	641M	737.2M	656.5M
Retained Earnings Total Equity	3.5B	130M	379M	1.5B	1.3B	1.3B
Deferred Long Term Liab	415M	342M	383M	418M	376.2M	357.4M

Pair Trading with Hess

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hess position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hess will appreciate offsetting losses from the drop in the long position's value.

Moving together with Hess Stock

0.89	AR	Antero Resources Corp	Pair Corr
0.68	PR	Permian Resources	Pair Corr
0.76	SM	SM Energy	Pair Corr

Moving against Hess Stock

0.58

CEI

Camber Energy

Pair Corr

The ability to find closely correlated positions to Hess could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hess when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hess - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hess Corporation to buy it.

The correlation of Hess is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hess moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hess moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Hess can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Hess is a strong investment it is important to analyze Hess' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Hess' future performance. For an informed investment choice regarding Hess Stock, refer to the following important reports:

How To Invest In Hess

Details

Is Hess Stock a good investment?

Details

What is Hess' Net Worth?

Details

Largest Oil & Gas Exploration & Production Companies

View

Largest Oil & Gas E&P Companies

View

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hess Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

Note that the Hess information on this page should be used as a complementary analysis to other Hess' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

Complementary Tools for Hess Stock analysis

When running Hess' price analysis, check to measure Hess' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hess is operating at the current time. Most of Hess' value examination focuses on studying past and present price action to predict the probability of Hess' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hess' price. Additionally, you may evaluate how the addition of Hess to your portfolios can decrease your overall portfolio volatility.

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Is Hess' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hess. If investors know Hess will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hess listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

1.796

Dividend Share

1.75

Earnings Share

6.52

Revenue Per Share

36.534

Quarterly Revenue Growth

0.377

The market value of Hess is measured differently than its book value, which is the value of Hess that is recorded on the company's balance sheet. Investors also form their own opinion of Hess' value that differs from its market value or its book value, called intrinsic value, which is Hess' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hess' market value can be influenced by many factors that don't directly affect Hess' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Hess' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hess is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hess' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Hess Ebit vs Operating Income Analysis

Ebit vs Operating Income

Ebit vs Operating Income Correlation Analysis

Correlation Coefficient

Ebit

Operating Income

Hess fundamental ratios Correlations

Hess Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hess fundamental ratios Accounts

Pair Trading with Hess

Moving together with Hess Stock

Moving against Hess Stock

Complementary Tools for Hess Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Current Liabilities	+ 0.98	Other Current Liab
Net Receivables	+ 0.98	Total Current Liabilities
Total Stockholder Equity	+ 0.97	Total Assets

Current Deferred Revenue	- 0.98	Accounts Payable
Current Deferred Revenue	- 0.97	Net Receivables
Current Deferred Revenue	- 0.96	Other Current Liab
Common Stock	- 0.95	Other Stockholder Equity
Current Deferred Revenue	- 0.95	Total Current Liabilities
Current Deferred Revenue	- 0.93	Other Current Assets