APA Corporation reports results for the quarter ended September 30 - Earnings Summary

• APA Corporation reported quarterly adjusted earnings of $1.94​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 93 cents. The mean expectation of twenty seven analysts for the quarter was for earnings of $1.55 per share. Wall Street expected results to range from 91 cents to $2.01 per share.

• Revenue rose 30.9% to $2.77 billion from a year ago; analysts expected $2.50 billion.

• APA Corporation's reported EPS for the quarter was $2.00​.

• The company reported quarterly net income of $698 million.

• APA Corporation shares had risen by 15.0% this quarter and gained 95.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 26.6% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 10 "strong buy" or "buy," 17 "hold" and 3 "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 Corporation is $48.00, about 0.5% above its last closing price of $47.77

This summary was machine generated from LSEG data November 4 at 09:59 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)