Anadarko Petroleum (APC) Misses Q3 EPS by 2c

Anadarko Petroleum (NYSE: APC) reported Q3 EPS of $0.82, ex-items, $0.02 worse than the analyst estimate of $0.84.

• Achieved record U.S. onshore oil sales volume of 175,000 barrels of oil per day (BOPD), representing a 37-percent increase over third quarter of 2017 on a divestiture-adjusted basis
• Expanded Delaware Basin oil processing capacity by 120,000 BOPD in 2018 including the successful startup of the Loving Regional Oil Treating Facility (ROTF) in the third quarter
• Improved margins per barrel(2) by 58 percent over the third quarter of 2017 to $33.68 per barrel of oil equivalent (BOE)
• Returned $625 million of cash to shareholders, including $500 million of additional share repurchases and $125 million of dividends, which is 38 percent of third-quarter cash flow from operations

For earnings history and earnings-related data on Anadarko Petroleum (APC) click here.

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