APA Corporation to Release Q4 Earnings: Here's What to Expect

Core Viewpoint - APA Corporation is expected to report fourth-quarter 2024 results on February 26, with a consensus estimate of $0.97 earnings per share and$ 2.3 billion in revenues, indicating a year-over-year earnings decline of 15.7% but a revenue increase of 20.2% [1][4]. Group 1: Previous Performance - In the last reported quarter, APA missed the consensus earnings estimate of $1.03, reporting adjusted earnings of$ 1, while revenues of $2.5 billion exceeded expectations by nearly 12% due to contributions from the Callon Petroleum acquisition and higher production levels [3]. - APA has beaten the Zacks Consensus Estimate in one of the last four quarters and missed in the others, with the current consensus estimate for the upcoming quarter remaining unchanged over the past week [4]. Group 2: Production and Strategic Moves - APA is anticipated to benefit from increased domestic production, with an expected average fourth-quarter volume of 311,984 barrels of oil equivalent per day (BOE/d), reflecting a 36.4% increase from the previous year's level of 228,671 BOE/d [5]. - Since 2020, APA's strategic acquisitions have added over$ 5 billion in assets and divested $2.5 billion in non-core properties, effectively doubling its unconventional production in the Permian Basin, enhancing operational efficiency and reducing per-unit lease operating expenses [6]. Group 3: Earnings Prediction - A positive earnings surprise is likely for APA, supported by a positive Earnings ESP and a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold), which increases the likelihood of an earnings beat [7].