APA Corporation (NASDAQ:APA) has made several strategic moves in recent times. It completed the
acquisition of Callon Petroleum, boosting Permian production and ultimately driving oil production with a significant $4.5 billion investment. The company released its
2024 Sustainability Report illustrating the efforts it has taken for
environmental preservation including the planting of thousands of trees on both sides of the Atlantic, and donating 1,000 trees in Houston for the 2024 Arbor Day. Notably, APA sold non-core Permian, Eagle Ford assets for $700 million. However,
Q1 2024 earnings were less than impressive missing EPS estimates due to operational challenges, but the firm still managed to declare a dividend on common shares. Management changes followed the Callon Acquisition, and the firm also provided supplemental Q2 2024 information and scheduled a results conference call for August 1. However, potential concerns exist, including share price underperformance and cutting down of stock holdings by various investment firms.
Apa Corporation APA News Analytics from Mon, 11 Sep 2023 07:00:00 GMT to Sun, 28 Jul 2024 16:45:45 GMT -
Rating 3
- Innovation 5
- Information 8
- Rumor -5
