Compared to Estimates, APA (APA) Q4 Earnings: A Look at Key Metrics

For the quarter ended December 2024, APA (APA) reported revenue of $2.5 billion, up 32.2% over the same period last year. EPS came in at $0.79, compared to $1.15 in the year-ago quarter.The reported revenue represents a surprise of +9.98% over the Zacks Consensus Estimate of $2.27 billion. With the consensus EPS estimate being $0.97, the EPS surprise was -18.56%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how APA performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Production volume per day - Total: 488.31 KBOE/D versus the seven-analyst average estimate of 480.44 KBOE/D. Production volume per day - Oil - Total: 265.18 thousands of barrels of oil compared to the 260.38 thousands of barrels of oil average estimate based on six analysts. Production volume per day - Natural gas - Total: 848.55 millions of cubic feet versus 829.35 millions of cubic feet estimated by six analysts on average. Production volume per day - NGL - Total: 81.7 thousands of barrels of oil versus 81.84 thousands of barrels of oil estimated by six analysts on average. Average price - Natural gas - Total: $2.20 compared to the $1.77 average estimate based on five analysts. Average price per barrel - Oil - Total: $72.42 compared to the $71.39 average estimate based on five analysts. Average price per barrel - NGL - Total: $25.08 versus $24.05 estimated by five analysts on average. Oil, natural gas, and natural gas liquids production revenues- Gas revenues: $170 million compared to the $160.09 million average estimate based on four analysts. The reported number represents a change of -23.4% year over year. Oil, natural gas, and natural gas liquids production revenues: $2.19 billion versus $2.02 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +16.1% change. Oil, natural gas, and natural gas liquids production revenues- Natural gas liquids revenues: $189 million versus the three-analyst average estimate of $177.17 million. The reported number represents a year-over-year change of +42.1%. Purchased oil and gas sales: $523 million versus $374.76 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +85.5% change. Oil, natural gas, and natural gas liquids production revenues- Oil revenues: $1.83 billion versus $1.71 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +19.6% change. View all Key Company Metrics for APA here>>>Shares of APA have returned -15.3% over the past month versus the Zacks S&P 500 composite's -9.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report APA Corporation (APA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks