Apache (APA) Beats Q2 EPS by 19c
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Apache Corporation (NYSE: APA) reports Q2 EPS of $4.28, 19 cents above consenus of $4.09. Revenues were $3.9 billion versus $3.80 billion consensus.
In Egypt, Apache expects to commence production through the Salam gas plant expansion in October. The gas plant project -- one element of Apache's development pipeline -- is forecasted to contribute additional net production of 100 million cubic feet (MMcf) of gas and 5,000 barrels of condensate per day by the end of the year.
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