Apache Releases Fourth-Quarter And Full-Year Financial And Operational Results

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Go back to Apache Releases Fourth-Quarter And Full-Year Financial And Operational Results

Apache Corp. (APA) Reports Q4 Loss Per Share of 6c, Offers Fy16 Outlook

February 25, 2016 9:13 AM EST

Apache Corp. (NYSE: APA) reported Q4 EPS of ($0.06), $0.41 better than the analyst estimate of ($0.47).

2016 capital budget and production outlook

Christmann continued, With current 2016 strip prices 30 to 35 percent below year-ago levels, we believe a conservative plan and a flexible capital spending program are paramount to protecting the financial position we have worked hard to establish over the last 18 months. Accordingly, we are reducing our 2016 total capital program to $1.4 to $1.8 billion, which the company will adjust up or down to align with actual commodity prices and resulting cash flow. This is a reduction of more than... More