Apache Corp. (APA) Tops Q4 EPS by 7c

Apache Corp. (NYSE: APA) reported Q4 EPS of $0.31, $0.07 better than the analyst estimate of $0.24. Revenue for the quarter came in at $1.77 billion versus the consensus estimate of $1.77 billion.

• 2019 outlook • Established 2019 upstream capital budget of $2.4 billion, a decrease of 22 percent from 2018; • Updating annual adjusted production guidance to 425,000 to 440,000 BOE per day, from a previous range of 410,000 to 440,000 BOE per day; and • Reiterating fourth-quarter 2019 exit rate guidance of 6 to 10 percent production growth worldwide, 12 to 16 percent in the United States (U.S.), and 5 percent for Permian oil from fourth-quarter 2018 levels.

For earnings history and earnings-related data on Apache Corp. (APA) click here.

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