Anadarko Petroleum (APC) Misses Q2 EPS by 2c

Anadarko Petroleum (NYSE: APC) reported Q2 EPS of $0.54, $0.02 worse than the analyst estimate of $0.56. Revenue for the quarter came in at $3.29 billion versus the consensus estimate of $3.08 billion.

Highlights

• Increased U.S. onshore oil volumes by 47 percent on a divestiture-adjusted basis and improved per-barrel margins by almost 50 percent year-over-year
• Expanded West Texas infrastructure with the successful startup of the Reeves Regional Oil Treating Facility (ROTF) during the quarter and commissioning of the North Loving ROTF subsequent to quarter end
• Achieved significant advancements on the Mozambique LNG project, including new heads of agreements and expected cost reductions, with an anticipated Final Investment Decision (FID) during the first half of 2019
• Completed $3.0 billion of the share-repurchase program

For earnings history and earnings-related data on Anadarko Petroleum (APC) click here.

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