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APA(APA) - 2024 Q1 - Quarterly Results
2024-05-02 13:38
Exhibit 99.1 NEWS RELEASE Key Takeaways • Reported production of 389,000 barrels of oil equivalent (BOE) per day; adjusted production, which excludes Egypt noncontrolling interest and tax barrels, was 320,000 BOE per day; • Generated net cash from operating activities of $368 million, adjusted EBITDAX of $1.24 billion; • Returned $176 million to shareholders in the first quarter through dividends and share buybacks; • Continued Permian strength drove U.S. oil volumes above guidance, marking the fifth consec ...
APA (APA) Misses Q1 Earnings Estimates
Zacks Investment Research· 2024-05-01 23:26
APA (APA) came out with quarterly earnings of $0.78 per share, missing the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $1.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -13.33%. A quarter ago, it was expected that this oil and natural gas producer would post earnings of $1.38 per share when it actually produced earnings of $1.15, delivering a surprise of -16.67%.Over the last four quarters, th ...
Can APA Put Together a Strong Q1 Earnings Performance?
Zacks Investment Research· 2024-04-26 13:16
APA Corporation (APA) is set to release first-quarter results on May 1. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 91 cents per share on revenues of $1.8 billion.Let’s delve into the factors that might influence this upstream operator’s results in the March quarter. But it’s worth taking a look at APA’s previous-quarter performance first.Highlights of Q4 Earnings & Surprise HistoryIn the last reported quarter, the independent oil and gas explorer missed the consensus ...
APA (APA) Stock Drops Despite Market Gains: Important Facts to Note
Zacks Investment Research· 2024-04-23 23:20
In the latest trading session, APA (APA) closed at $32.06, marking a -0.64% move from the previous day. This change lagged the S&P 500's 1.2% gain on the day. On the other hand, the Dow registered a gain of 0.69%, and the technology-centric Nasdaq increased by 1.59%.Shares of the oil and natural gas producer witnessed a loss of 6.13% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 3.58% and the S&P 500's loss of 4.16%.Market participants will be closely following ...
5 Blue Chip Dividend Oil Stocks Could Be Acquired Next If Huge Oil Mergers Happen
24/7 Wall Street· 2024-04-21 16:45
5 Blue Chip Dividend Oil Stocks Could Be Acquired Next If Huge Oil Mergers Happen zodebala / Getty Images Last fall, Exxon Mobil Corporation (NYSE: XOM) made a monumental move, announcing its acquisition of oil shale titan Pioneer Natural Resources (NYSE: PXD) for a staggering $59.5 billion in an all-stock deal. This landmark agreement will establish Exxon Mobil as the largest U.S. oil field producer, ensuring a decade of cost-effective production.Exxon Mobil’s latest acquisition marks a significant miles ...
Dimon's LNG Rant: 3 Natural Gas Stocks to Buy Despite Biden's Export Pause
InvestorPlace· 2024-04-17 16:32
Jamie Dimon, the CEO of JPMorgan (NYSE:JPM), criticized President Joe Biden’s decision to pause new approvals for liquefied natural gas (LNG) exports, describing the move as “enormously naive” and politically motivated. In a shareholder letter, Dimon argued that LNG is vital for reducing global carbon dioxide emissions. Smart money is still clearly bullish on LNG, which forms the backdrop of this list of natural gas stocks to buy.Furthermore, the ongoing geopolitical tensions and supply chain disruptions ha ...
Why the Market Dipped But APA (APA) Gained Today
Zacks Investment Research· 2024-04-10 23:21
The latest trading session saw APA (APA) ending at $35.05, denoting a +0.46% adjustment from its last day's close. This change outpaced the S&P 500's 0.95% loss on the day. Meanwhile, the Dow lost 1.09%, and the Nasdaq, a tech-heavy index, lost 0.84%.The oil and natural gas producer's stock has climbed by 10.97% in the past month, exceeding the Oils-Energy sector's gain of 8.7% and the S&P 500's gain of 1.78%.The investment community will be closely monitoring the performance of APA in its forthcoming earni ...
APA Corporation Provides First-Quarter 2024 Supplemental Information and Schedules Results Conference Call for May 2 at 10 a.m. Central Time
Newsfilter· 2024-04-10 11:30
HOUSTON, April 10, 2024 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) today provided supplemental information regarding certain first-quarter 2024 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the first-quarter 2024. It is provided to assist investors, analysts and others in formulating their own estimates, and is not intended to be a comprehensive presentation of all factors t ...
APA Corporation Announces Updates to Executive Leadership
Newsfilter· 2024-04-09 20:41
HOUSTON, April 09, 2024 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) has announced updates to its executive leadership team to coincide with a restructuring of its development function and the integration of the recently closed acquisition of Callon Petroleum. The changes are effective immediately. "Building on the momentum of our recently closed acquisition, we are updating our leadership structure to better align with the evolving needs of our business," said John J. Christmann, APA chief executive of ...
APA Boosts Production With Callon Petroleum Acquisition
Zacks Investment Research· 2024-04-03 14:16
APA Corporation (APA) has completed the acquisition of Callon Petroleum Company (CPE). Earlier this year, in January, APA announced the acquisition of Callon in an all-stock deal valued at $4.5 billion.The acquisition should reportedly increase APA’s daily production to approximately 500,000 barrels of oil equivalent (BOE), approximately two-thirds of which will be sourced from the Permian Basin. APA has stated that the acquisition was made at a compelling valuation and Callon’s assets will provide addition ...