APA and its partners announce promising results from the Sockeye-2 well, confirming a high quality reservoir and unlocking potential in Alaska.
While the top- and bottom-line numbers for APA (APA) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
APA had strong FCF generation in Q4, significantly improving the company's full year performance. I expect FCF generation to reduce in 2025 due to weaker oil prices but offset by improving natural gas fundamentals and lower CAPEX expenses. The company is beginning the four-year journey to bring online the Suriname asset. This asset is expected to product very healthy margins with breakeven levels below $20/barrel.
The oil and gas market dropped this week on a number of news items that seemed to hit the energy industry all at once. OPEC is increasing production, the U.S. economy may be slowing, and U.S. tariffs have become a topic once again.
Energy stocks like APA, FANG and COP may face near-term volatility, but long-term fundamentals remain intact.
APA bought back 4.6 million shares at $21.90 apiece during the fourth quarter. The company also shelled out $93 million in dividend payments.
APA Corporation (NASDAQ:APA ) Q4 2024 Earnings Conference Call February 27, 2025 11:00 AM ET Company Participants Ben Rodgers - Senior Vice President of Finance and Treasurer John Christmann - Chief Executive Officer Stephen Riney - President and Chief Financial Officer Tracey Henderson - Senior Vice President of Exploration Conference Call Participants Doug Leggate - Wolfe research Charles Meade - Johnson Rice Scott Hanold - RBC Capital Markets Leo Mariani - ROTH Capital Partners Betty Jiang - Barclays Bertrand Donnes - Truist Securities David Deckelbaum - TD Cowen Neil Mehta - Goldman Sachs Group, Inc. Operator Thank you for standing by. Welcome to the APA Corporation's Fourth Quarter 2024 Financial and Operational Results.
APA (APA) came out with quarterly earnings of $0.79 per share, missing the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $1.15 per share a year ago.
Here is a look at what to expect from energy stocks APA, OVV, VIST, and EXE ahead of their quarterly earnings reports, set to be released tomorrow.
Evaluate the expected performance of APA (APA) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Strong domestic production is likely to have boosted APA's profit levels in the fourth quarter.
APA (APA) closed at $23.62 in the latest trading session, marking a +0.13% move from the prior day.