Apa: Q4 Earnings Snapshot

HOUSTON (AP) — HOUSTON (AP) — APA Corporation (APA) on Wednesday reported fourth-quarter earnings of $1.77 billion.

On a per-share basis, the Houston-based company said it had net income of $5.78. Earnings, adjusted for non-recurring gains, were $1.15 per share.

The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.

The oil and natural gas producer posted revenue of $1.89 billion in the period, which also missed Street forecasts. Seven analysts surveyed by Zacks expected $2.05 billion.

For the year, the company reported profit of $2.86 billion, or $9.25 per share. Revenue was reported as $8.19 billion.

APA shares have dropped 12% since the beginning of the year, while the S&P's 500 index has risen slightly more than 4%. In the final minutes of trading on Wednesday, shares hit $31.44, a decline of 17% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on APA at https://www.zacks.com/ap/APA