Reported 2 days ago
APA Corporation reported better-than-expected earnings and revenue for the second quarter, resulting in an almost 8% increase in its stock price. Despite facing operational declines and lower oil prices, the company's production in the Permian Basin exceeded expectations. Analysts had anticipated significantly lower profits, but APA's performance, including a GAAP net profit rise to $665 million, surpassed projections. This performance indicates resilience in the face of market challenges, although some analysts suggest considering other investment opportunities.
Source: YAHOO