APA (NASDAQ:APA) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
APA beat estimated earnings by 15.53%, reporting an EPS of $1.19 versus an estimate of $1.03.
Revenue was down $1.80 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.19 which was followed by a 3.33% increase in the share price the next day.
Here’s a look at APA’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.29 | 1.82 | 2.35 | 2.14 |
| EPS Actual | 1.48 | 1.97 | 2.37 | 1.92 |
| Revenue Estimate | 2.09B | 2.35B | 2.61B | 2.34B |
| Revenue Actual | 2.38B | 2.87B | 3.05B | 3.83B |
To track all earnings releases for APA visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
