UPDATE: Apache Corp. (APA) Tops Q2 EPS by 48c
(Update corrects EPS to positive 22 cents, not negative)
Apache Corp. (NYSE: APA) reported Q2 EPS of $0.22, $0.48 better than the analyst estimate of ($0.26). Revenue for the quarter came in at $1.98 billion versus the consensus estimate of $1.86 billion.
"Apache's second-quarter production performance was very strong both domestically and internationally," Christmann remarked. "In North America, all of our key operating areas exceeded our expectations, and we delivered these results on a disciplined capital budget. Internationally, our drilling-success rate in Egypt and the North Sea was well above our historical success rate. As a result, we are raising our full-year 2015 North American production guidance to 305,000 to 308,000 boe per day and are updating our International and Offshore production guidance to a range of 164,000 to 168,000 boe per day. We are also tightening our 2015 capital-budget guidance range from $3.4 to $3.9 billion to $3.6 to $3.9 billion."
For earnings history and earnings-related data on Apache Corp. (APA) click here.