APA Q4 Earnings & Revenues Miss on Lower Oil Realizations

U.S. energy operator APA Corporation (APA) reported fourth-quarter 2023 adjusted earnings of $1.15 per share, missing the Zacks Consensus Estimate of$1.38 and declining from the year-ago adjusted figure of $1.48.The underperformance primarily reflects lower oil and natural gas prices, partly offset by strong production.Revenues of$1.9 billion fell short of the Zacks Consensus Estimate of $2 billion and were down 20.5% from the year-ago quarter’s sales.Meanwhile, APA continues to reward shareholders with d ...