APA Corp (US) reports results for the quarter ended June 30 - Earnings Summary

• APA Corp (US) APA.OQ reported quarterly adjusted earnings of 87 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.17. The mean expectation of twenty six analysts for the quarter was for earnings of 48 cents per share. Wall Street expected results to range from 13 cents to 98 cents per share.

• Revenue rose 6.6% to $2.61 billion from a year ago; analysts expected $2.06 billion.

• APA Corp (US)'s reported EPS for the quarter was $1.67​.

• The company reported quarterly net income of $603 million.

• APA Corp (US) shares had risen by 1.6% this quarter and lost 19.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 29.3% in the last three months.​

• In the last 30 days, sixteen 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," 19 "hold" and 5 "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is "buy."

• Wall Street's median 12-month price target for APA Corp (US) is $22.00, about 15.5% above its last closing price of $18.59

This summary was machine generated from LSEG data August 6 at 09:01 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)