APA Q4 Earnings Disappoint Even as Callon Buy Drives Production

U.S. energy operator APA Corporation (APA) reported fourth-quarter 2024 adjusted earnings of 79 cents per share, missing the Zacks Consensus Estimate of 97 cents and deteriorating from the year-ago adjusted figure of $1.15. The underperformance primarily reflects lower commodity prices and higher costs.Revenues of$2.5 billion were up 32% from the year-ago quarter’s sales and came ahead of the Zacks Consensus Estimate by 10% on the back of contribution from the Callon Petroleum acquisition and higher-than-e ...