Compared to Estimates, APA (APA) Q3 Earnings: A Look at Key Metrics

For the quarter ended September 2025, APA (APA) reported revenue of $2.02 billion, down 20.6% over the same period last year. EPS came in at $0.93, compared to $1.00 in the year-ago quarter.

The reported revenue represents a surprise of -1.28% over the Zacks Consensus Estimate of $2.04 billion. With the consensus EPS estimate being $0.74, the EPS surprise was +25.68%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how APA performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Production volume per day - Total: 463.82 KBOE/D versus the seven-analyst average estimate of 447.37 KBOE/D.
  • Average price - Natural gas - Total: $2.25 versus $2.32 estimated by six analysts on average.
  • Production volume per day - Natural gas - Total: 932.22 millions of cubic feet per day versus the six-analyst average estimate of 859.3 millions of cubic feet per day.
  • Average price per barrel - NGL - Total: $20.65 compared to the $20.84 average estimate based on five analysts.
  • Production volume per day - NGL - Total: 74.21 thousands of barrels of oil per day versus the five-analyst average estimate of 77.11 thousands of barrels of oil per day.
  • Production volume per day - Oil - Total: 234.24 thousands of barrels of oil per day compared to the 228.17 thousands of barrels of oil per day average estimate based on five analysts.
  • Average price per barrel - Oil - Total: $67.43 versus the five-analyst average estimate of $65.17.
  • Oil, natural gas, and natural gas liquids production revenues- Natural gas revenues: $192 million compared to the $189.59 million average estimate based on four analysts. The reported number represents a change of +86.4% year over year.
  • Oil, natural gas, and natural gas liquids production revenues: $1.8 billion versus the four-analyst average estimate of $1.66 billion. The reported number represents a year-over-year change of -12.3%.
  • Oil, natural gas, and natural gas liquids production revenues- Natural gas liquids revenues: $142 million versus $147.5 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -10.1% change.
  • Purchased oil and gas sales: $311 million versus the three-analyst average estimate of $378.79 million. The reported number represents a year-over-year change of -34.3%.
  • Oil, natural gas, and natural gas liquids production revenues- Oil revenues: $1.47 billion versus the three-analyst average estimate of $1.34 billion. The reported number represents a year-over-year change of -18.2%.

View all Key Company Metrics for APA here>>>

Shares of APA have returned -11.9% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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