APA Q2 Earnings Top as Callon Acquisition Drives Production

U.S. energy operator APA Corporation (APA) reported second-quarter 2024 adjusted earnings of $1.17 cents per share, beating the Zacks Consensus Estimate of 95 cents and improving from the year-ago adjusted figure of 85 cents. The outperformance primarily reflects higher-than-expected production owing to the contribution from the Callon Petroleum acquisition that was closed on Apr 1. Revenues of$2.8 billion were up 42.4% from the year-ago quarter's sales and came ahead of the Zacks Consensus Estimate by 20. ...