APA Q4 Earnings Miss on Lower Production, Revenues Beat
APAAPA(APA) Zacks Investment Research·2024-05-10 21:00

U.S. energy operator APA Corporation (APA) reported first-quarter 2024 adjusted earnings of 78 cents per share, missing the Zacks Consensus Estimate of 90 cents and declining from the year-ago adjusted figure of $1.19. The underperformance primarily reflects lower production.Revenues of $1.9 billion were down 6.3% from the year-ago quarter’s sales but came ahead of the Zacks Consensus Estimate by 1.6% due to higher-than-expected commodity price realizations. Meanwhile, APA continues to reward shareholders w ...