Hess’s revenue and net profit margin growth
Hess’s (HES) 2Q16 revenue fell ~37% YoY (year-over-year). Its YoY revenue growth was -7.8% in 2Q15 and -36.7% in 1Q16.
In comparison, Hess’s upstream peers Concho Resources (CXO) and Continental Resources (CLR) saw YoY revenue growths of -7% and -27%, respectively, in 1Q16. These companies have yet to release their 2Q16 earnings.
CXO and HES make up 5.1% of the Guggenheim S&P 500 Equal Weight Energy ETF (RYE).
HES also saw a fall in its net profit margin. In 2Q16, it was -32%. It had been -25% in 2Q15 and -52% in 1Q16.