Yahoo Finance APA Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags
APA (NASDAQ:APA) Third Quarter 2022 Results
Key Financial Results
Revenue: US$2.92b (up 77% from 3Q 2021).
Net income: US$422.0m (up from US$113.0m loss in 3Q 2021).
Profit margin: 14% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue.
EPS: US$1.28 (up from US$0.30 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
APA Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) missed analyst estimates by 30%.
Looking ahead, revenue is expected to fall by 8.4% p.a. on average during the next 3 years compared to a 6.5% decline forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's shares are up 8.9% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for APA you should be aware of, and 1 of them is potentially serious.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here
