Apache Corp. (APA) Posts Smaller-than-Expected Q1 Loss

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Go back to Apache Corp. (APA) Posts Smaller-than-Expected Q1 Loss

Apache Corporation announces first-quarter financial and operational results

May 7, 2015 8:01 AM EDT

HOUSTON, May 7, 2015 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) today announced a first-quarter 2015 net loss of $4.7 billion or $12.34 per diluted common share, which includes an after-tax ceiling-test write down of $4.7 billion, as a result of substantially lower commodity prices. When adjusted for certain items that impact the comparability of results, Apache's first-quarter loss totaled $139 million or $0.37 per share. Net cash provided by operating activities was approximately $650 million in the first quarter of 2015 and cash from operations, before changes in working capital, totaled $900 million.... More