Apache Corp. (APA) Tops Q1 EPS by 18c

Apache Corp. (NYSE: APA) reported Q1 EPS of ($0.13), $0.18 better than the analyst estimate of ($0.31). Revenue for the quarter came in at $1.28 billion versus the consensus estimate of $1.29 billion.

Withdrawing Guidance

It is impossible to accurately predict the depth and duration of the COVID-19 crisis, and in particular, its impact on the employment levels at our customers. Accordingly, we are suspending our remaining quarterly guidance and withdrawing our full year 2020 guidance at this time.

To help stockholders and analysts to understand the impact of COVID-19 on our business as the COVID-19 recovery progresses, we are providing additional detail on Dayforce revenue and other performance indicators. Please refer to our Q1 2020 Stockholder Letter (Exhibit 99.2 to our Current Report on Form 8-K furnished by the Company on May 6, 2020) for additional information.

For earnings history and earnings-related data on Apache Corp. (APA) click here.

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