Anadarko Petroleum just released its second-quarter earnings results, posting earnings of -$0.60 per share and revenue of $1.915 billion.
Currently, APC has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Anadarko Petroleum:
1. Beat earnings estimates. The company posted earnings of -$0.60 per share (excluding 76 cents from non-recurring items), beating our Zacks Consensus Estimate of -$0.77.
2. Beat revenue estimates. The company saw revenue figures of $1.915 billion, just edging out our estimate of $1.90 billion.
3. In the quarter, Anadarko achieved record production levels at three operated Gulf of Mexico facilities and in the U.S. onshore Delaware and DJ basins.
4. The company announced that it retired $3 billion of near-term maturities with proceeds from debt issues during the first quarter.
4. APC was up $0.87, or 1.62%, to $54.74 on the day. The stock has yet to move significantly in after-hours trading as of 4:30 p.m. EST.
Here’s a graph that looks at Anadarko’s latest earnings performance:
Anadarko Petroleum Corporation is one of the world's largest independent oil and gas exploration and production companies. Majority of the company's total proved reserves are located in the U.S., primarily in the mid-continent (Kansas, Oklahoma and Texas) area, offshore in the Gulf of Mexico and in Alaska. Most of the company's production is domestic and the remainder is from Algeria.
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Anadarko Petroleum just released its second-quarter earnings results, posting earnings of -$0.60 per share and revenue of $1.915 billion.
Currently, APC has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Anadarko Petroleum:
1. Beat earnings estimates. The company posted earnings of -$0.60 per share (excluding 76 cents from non-recurring items), beating our Zacks Consensus Estimate of -$0.77.
2. Beat revenue estimates. The company saw revenue figures of $1.915 billion, just edging out our estimate of $1.90 billion.
3. In the quarter, Anadarko achieved record production levels at three operated Gulf of Mexico facilities and in the U.S. onshore Delaware and DJ basins.
4. The company announced that it retired $3 billion of near-term maturities with proceeds from debt issues during the first quarter.
4. APC was up $0.87, or 1.62%, to $54.74 on the day. The stock has yet to move significantly in after-hours trading as of 4:30 p.m. EST.
Here’s a graph that looks at Anadarko’s latest earnings performance:
Anadarko Petroleum Corporation is one of the world's largest independent oil and gas exploration and production companies. Majority of the company's total proved reserves are located in the U.S., primarily in the mid-continent (Kansas, Oklahoma and Texas) area, offshore in the Gulf of Mexico and in Alaska. Most of the company's production is domestic and the remainder is from Algeria.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>