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 $8.1 billion, APA’s operations span the United States, Egypt, and the North Sea.
The energy major is gearing up to announce its third-quarter results after the markets close on Wednesday, Nov. 5. Ahead of the event, analysts expect APA to report an adjusted EPS of $0.71, down a staggering 29% from $1.00 reported in the year-ago quarter. While the company has surpassed the Street’s bottom-line estimates twice over the past four quarters, it has missed the projections on two other occasions.
