APA Q3 Earnings Miss Even as Callon Buyout Drives Production
APA(APA) ZACKS·2024-11-14 22:10
U.S. energy operator APA Corporation (APA) reported third-quarter 2024 adjusted earnings of $1 per share, missing the Zacks Consensus Estimate of $1.03 and deteriorating from the year-ago adjusted figure of $1.33. The underperformance primarily reflects lower commodity prices and higher costs.Revenues of $2.5 billion were up 10% from the year-ago quarter’s sales and came ahead of the Zacks Consensus Estimate by 11.7% on the back of contribution from the Callon Petroleum acquisition and higher-than-expected ...