APA (APA) Q3 Earnings Beat Estimates

Core Insights - APA reported quarterly earnings of $0.93 per share, exceeding the Zacks Consensus Estimate of $0.74 per share, but down from $1 per share a year ago, indicating an earnings surprise of +25.68% [1] - The company generated revenues of $2.02 billion for the quarter ended September 2025, missing the Zacks Consensus Estimate by 1.28% and down from $2.54 billion year-over-year [2] - APA has surpassed consensus EPS estimates three times over the last four quarters, while also topping revenue estimates three times in the same period [2] Earnings Outlook - The sustainability of APA's stock price movement will largely depend on management's commentary during the earnings call and future earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.73 on revenues of $2.05 billion, and for the current fiscal year, it is $3.42 on revenues of $9.18 billion [7] Industry Context - The Oil and Gas - Exploration and Production - United States industry, to which APA belongs, is currently ranked in the bottom 16% of over 250 Zacks industries, which may negatively impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that investors should monitor these revisions closely [5][6]