Valued at a market cap of $8.6 billion, APA Corporation (APA) is an independent energy company that develops and produces natural gas, crude oil, and natural gas liquids. The Houston, Texas-based company is also involved in the midstream business through its minority stake in Permian-focused Altus Midstream Company. It is scheduled to announce its fiscal Q4 earnings results on Wednesday, Feb. 19.
Ahead of this event, analysts project the energy company to report a profit of $1.02 per share, down 11.3% from $1.15 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in one of the last four quarters while missing on three other occasions. Its earnings of $1 per share in the previous quarter missed the forecasted figure by 2.9%.
