APA (APA) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - APA reported a revenue of $2.61 billion for the quarter ended June 2025, reflecting a year-over-year decline of 6.5% and an EPS of $0.87 compared to $1.17 a year ago, with a revenue surprise of +26.08% over the Zacks Consensus Estimate of $2.07 billion and an EPS surprise of +93.33% over the consensus estimate of $0.45 [1] Financial Performance - The stock has returned -9.3% over the past month, while the Zacks S&P 500 composite has changed by +0.5%, indicating underperformance relative to the broader market [3] - The company holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the market in the near term [3] Production Metrics - Total production volume per day was 465.08 KBOE/D, exceeding the average estimate of 457.24 KBOE/D [4] - Natural gas production was 894.1 million cubic feet per day, slightly below the average estimate of 902.9 million cubic feet per day [4] - Oil production was 235.24 thousand barrels per day, above the average estimate of 230.62 thousand barrels per day [4] - NGL production was 80.82 thousand barrels per day, surpassing the average estimate of 76.12 thousand barrels per day [4] Pricing Metrics - Average price for natural gas was $2.28, slightly above the average estimate of $2.27 [4] - Average price per barrel of oil was $65.58, exceeding the average estimate of $63.60 [4] - Average price per barrel of NGL was $20.49, above the average estimate of $20.10 [4] Revenue Breakdown - Natural gas revenues were $184 million, slightly above the estimated $182.92 million, representing a +36.3% change year-over-year [4] - Natural gas liquids revenues were $153 million, below the estimated $139.21 million, reflecting a -3.8% change year-over-year [4] - Total revenues from oil, natural gas, and NGL production were $1.72 billion, exceeding the average estimate of $1.62 billion, but showing a -21.9% change year-over-year [4] - Oil revenues were $1.38 billion, above the estimated $1.32 billion, but down -27.6% year-over-year [4] - Purchased oil and gas sales reached $460 million, surpassing the average estimate of $418.35 million, with a +34.5% change year-over-year [4]