APA Full Year 2024 Earnings: Beats Expectations

APA (NASDAQ:APA) Full Year 2024 Results

Key Financial Results

• Revenue: US$9.73b (up 20% from FY 2023).
• Net income: US$804.0m (down 72% from FY 2023).
• Profit margin: 8.3% (down from 35% in FY 2023).
• EPS: US$2.28 (down from US$9.27 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

APA Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 4.6%.

Looking ahead, revenue is expected to decline by 7.8% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the US are expected to grow by 4.1%.

Performance of the American Oil and Gas industry.

The company's shares are down 14% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for APA that you need to be mindful of.

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