Can HES sustain its earnings growth into Q1 2025?

**Hess Corporation (HES) faces challenges in sustaining its earnings growth into Q1 2025**, based on several factors:

1. **Analyst Concerns**: Capital One Financial has decreased its Q1 2025 EPS estimates for Hess, indicating potential skepticism about the company's continued earnings growth.
2. **Global Market Pressures**: The global natural gas price has declined, which could impact Hess's revenue and profitability. Additionally, while oil volumes are expected to grow, the average global NGL selling price has also declined, which may affect margins.
3. **Earnings Projection**: The estimated EPS for HES in Q1 2025 is $1.91, which is a key metric to watch. If this is not met, it could indicate a slowdown in earnings growth.
4. **Revenue Expectations**: The estimated revenue for the same period is $3.03 billion. Achieving this level of revenue will be crucial for sustaining earnings growth.
5. **Historical Performance**: While Hess has shown growth in adjusted net earnings, operating expenses have also increased. Managing these expenses will be essential for maintaining profitability.

In conclusion, while there are positive indicators such as expected oil volume growth, the risks and challenges mentioned suggest that sustaining earnings growth into Q1 2025 may be difficult for Hess. The company will need to navigate declining global prices and manage expenses effectively to achieve continued earnings growth.