APA Corp. reports Q2 adjusted EPS $1.17, consensus 94c

Reports Q2 revenue $2.54B, consensus $2.32B. “In the second quarter, we delivered higher-than-expected production across all three operating areas,” said John Christmann IV, APA‘s CEO. “In the Permian Basin, we had outstanding second-quarter oil production performance and are raising our outlook for the back half of the year after adjusting for asset sales. We also had strong second-quarter performance in Egypt as we benefitted from newly implemented water injection initiatives on our base production and redirected workover rig capacity to opportunities on recompletions and offline volumes.”