For the quarter ended June 2026, APA (APA) reported revenue of $2.4 billion, down 8.2% over the same period last year. EPS came in at $1.89, compared to $0.87 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.43 billion, representing a surprise of -1.48%. The company delivered an EPS surprise of +2.16%, with the consensus EPS estimate being $1.85.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how APA performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Production volume per day - Total: 409.96 KBOE/D versus 408.10 KBOE/D estimated by seven analysts on average. Production volume per day - Oil - Total: 211.27 thousands of barrels of oil per day versus 213.61 thousands of barrels of oil per day estimated by seven analysts on average. Production volume per day - Natural gas - Total: 752.13 millions of cubic feet per day versus the seven-analyst average estimate of 753.11 millions of cubic feet per day. Production volume per day - NGL - Total: 73.34 thousands of barrels of oil per day versus the six-analyst average estimate of 69.33 thousands of barrels of oil per day. Revenues- United States: $1.39 billion versus $1.2 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +0.2% change. Revenues- North Sea: $140 million versus the two-analyst average estimate of $191.08 million. The reported number represents a year-over-year change of -15.7%. Revenues- Egypt: $739 million versus $799.78 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +17.3% change. Oil, natural gas, and natural gas liquids production revenues- Oil revenues: $1.83 billion versus $1.76 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +32.2% change. Oil, natural gas, and natural gas liquids production revenues: $2.04 billion versus the four-analyst average estimate of $2.03 billion. The reported number represents a year-over-year change of +18.6%. Oil, natural gas, and natural gas liquids production revenues- Natural gas liquids revenues: $170 million compared to the $168.19 million average estimate based on four analysts. The reported number represents a change of +11.1% year over year. Oil, natural gas, and natural gas liquids production revenues- Natural gas revenues: $41 million versus the four-analyst average estimate of $96.53 million. The reported number represents a year-over-year change of -77.7%. Purchased oil and gas sales: $336 million versus the three-analyst average estimate of $374.35 million. The reported number represents a year-over-year change of -27%.View all Key Company Metrics for APA here>>>
Shares of APA have returned +9.7% over the past month versus the Zacks S&P 500 composite's +2.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.Zacks' Research Chief Names "Stock Most Likely to Double"
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