Shale producer APA gains after Q2 profit beat
ReutersAug 7, 2025 5:22 PM
Shares of oil producer APA Corp APA.O rise 8% to $19.47
Co on Wednesday beat second-quarter profit estimates on the back of stronger natural gas production in Egypt and higher prices
APA posted Q2 adjusted profit of 87 cents per share vs analysts' average estimate of 48 cents per share — LSEG
APA adds it secured presidential approval for about 2 million additional acres in Egypt, unlocking significant oil and gas potential; it plans to start drilling by year-end
"It appears operations are starting to improve in both the Permian and Egypt. Overall, we expect this update to be a slight positive for APA shares," Scott Hanold, RBC Capital Markets
Including session's moves, APA shares down 15.5% YTD
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