APA Earnings Beat with Stronger Permian Production

Houston based independent energy company APA (formerly Apache Corp) reported better than expected third-quarter net earnings of $422 million, after reporting a loss in the same period a year earlier. Adjusted earnings were $1.97 per share, topping Wall Street expectations of $1.92 per share. APA posted revenue of $2.87 billion in the period, topping forecasts for $2.61 billion. $APA stock was sharply higher at $46.89, +2.67 or +6.0%. The oil and gas company followed strong quarters from major oil shale … Continue reading “APA Earnings Beat with Stronger Permian Production”

Apache Earnings Higher as Permian Production Hits Record

Independent energy company Apache Corp reported better than expected fourth quarter earnings this week. $APA also raised it’s production outlook by 7-13% for 2018. The average realized crude oil price during Q4 was $58.36 per barrel, up 23.1% from year-ago $47.39.

Highlights of Oil & Gas Energy Earnings Reports This Week

Another big energy company earnings this week including shale plays $FANG $EOG and $DVN, offshore drillers $DO and $RIG, Independents $MRO and $APA and Natural gas $CHK. Catch up on all the energy earnings you  may have missed.