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Stock impact report

APA Corp. (APA) Surges 9% on Strong Earnings [Yahoo! Finance]

APA Corporation (APA) 
Last apa corporation earnings: 2/26 05:26 pm Check Earnings Report
Company Research Source: Yahoo! Finance
APA snapped a three-day losing streak on Thursday, jumping 9.14 percent to close at $23.64 apiece as investors cheered its return to profitability in the third quarter of the year. Based on its financial statement, APA Corp. (NASDAQ:APA) swung to a net income attributable to shareholders of $205 million from a $223 million net loss in the same period last year. Total revenues increased by 16.4 percent to $2.115 billion from $2.531 billion year-on-year on the back of strong revenues from oil and natural gas production. Photo by Zbynek Burival on Unsplash Reported production stood at 464,000 boe/pd while adjusted production, which excludes Egypt's non-controlling interests and tax barrels, was at 387,000 boe/pd. Oil production in the US, on the other hand, ended at 121,000 barrels per day. Both operations in the US and Egypt exceeded the company's production guidance. In line with its cost-saving measures, APA Corp. (NASDAQ:APA) said that it is set to achieve by the end o Show less Read more
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