APA (APA) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - APA reported a revenue of $2.61 billion for the quarter ended March 2025, marking a 37.3% increase year-over-year, with an EPS of $1.06 compared to $0.78 in the previous year [1] - The revenue exceeded the Zacks Consensus Estimate of $2.21 billion by 18.00%, and the EPS also surpassed the consensus estimate of $0.83 by 27.71% [1] Financial Performance Metrics - Total production volume per day was 468.98 KBOE/D, slightly above the estimated 464.29 KBOE/D [4] - Average natural gas price was $2.81, lower than the estimated $3.01 [4] - Natural gas production volume per day was 923.55 million cubic feet, exceeding the estimate of 900 million cubic feet [4] - Average price per barrel of NGL was $28.75, above the estimated $27.08 [4] - NGL production volume per day was 78.55 thousand barrels, below the estimate of 80.45 thousand barrels [4] - Oil production volume per day was 236.5 thousand barrels, slightly above the estimate of 233.11 thousand barrels [4] - Average price per barrel of oil was $73.73, in line with the estimated $73 [4] Revenue Breakdown - Gas revenues were reported at $233 million, slightly below the average estimate of $237.04 million, representing a year-over-year increase of 32.4% [4] - Total revenues from oil, natural gas, and natural gas liquids were $2.04 billion, exceeding the estimate of $1.95 billion, with a year-over-year increase of 16.7% [4] - Natural gas liquids revenues were $206 million, surpassing the estimate of $188.03 million, reflecting a 47.1% year-over-year increase [4] - Purchased oil and gas sales reached $597 million, significantly above the estimate of $395.32 million, representing a 194.1% increase year-over-year [4] - Oil revenues were reported at $1.60 billion, exceeding the estimate of $1.52 billion, with a year-over-year increase of 11.7% [4] Stock Performance - APA shares returned +12.1% over the past month, outperforming the Zacks S&P 500 composite's +10.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]