APA Corp. reports Q1 adjusted EPS $1.06, consensus 82c

Reports Q1 revenue $2.636B, consensus $2.2B. “We have achieved substantial capital savings, particularly due to efficiency gains in Permian drilling, and are also making good progress on both completions and facilities,” said John J. Christmann IV, APA‘s CEO. “On the G&A front, we are streamlining our organizational structure and reducing discretionary third-party spend, as we simplify how we manage our assets.”