APA Corp (US) reports results for the quarter ended March 31 - Earnings Summary

• APA Corp (US) APA.OQ reported quarterly adjusted earnings of $1.06​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 78 cents. The mean expectation of twenty five analysts for the quarter was for earnings of 83 cents per share. Wall Street expected results to range from 57 cents to $1.15 per share.

• Revenue rose 19.9% to $2.04 billion from a year ago; analysts expected $2.20 billion.

• APA Corp (US)'s reported EPS for the quarter was 96 cents​.

• The company reported quarterly net income of $347 million.

• APA Corp (US) shares had fallen by 25.2% this quarter and lost 31.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.4% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 17 "hold" and 4 "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "hold"

• Wall Street's median 12-month price target for APA Corp (US) is $20.00

This summary was machine generated from LSEG data May 7 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)