2023-05-03 16:22:18 ET
- APA press release ( NASDAQ: APA ): Q1 Non-GAAP EPS of $1.19 beats by $0.22 .
- Revenue of $2B (-25.1% Y/Y) beats by $160M .
- Reported production of 394,000 barrels of oil equivalent ( BOE ) per day; adjusted production, which excludes Egypt noncontrolling interest and tax barrels, was 318,000 BOE per day
- Announced reduction in 2023 capital investment by $100 million in response to lower Permian Basin natural gas prices; full-year capital budget now set at $1.9- to $2.0 billion.
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APA Non-GAAP EPS of $1.19 beats by $0.22, revenue of $2B beats by $160M