Houston, Texas-based APA Corporation (APA) is an energy company engaged in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. With a market cap of $11.2 billion, APA’s operations span the United States, Egypt, and the North Sea. It is expected to announce its Q2 earnings after the market closes on Wednesday, July 31.
Ahead of the event, analysts expect APA Corporation to report a profit of $0.95 per share, up 11.8% from $0.85 per share reported in the year-ago quarter. The company has surpassed Wall Street’s EPS projections in two of the past four quarters while missing on two other occasions. Its EPS for the last reported quarter declined 34.5% year over year to $0.78 and missed the consensus estimates by 13.3%.
