• Hess average ebitda margin for 2024 was 53.58%, a 11.58% decline from 2023.
• Hess average ebitda margin for 2023 was 48.02%, a 1.13% increase from 2022.
• Hess average ebitda margin for 2022 was 48.57%, a 7.05% decline from 2021.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.