Apache Q2 Profit Declines - Quick Facts

(RTTNews) - Oil and gas exploration and production company Apache Corp. (APA) Thursday said second-quarter net income attributable to common stockholders declined to $505 million or $1.31 per common share from $1.016 billion or $2.54 per common share last year.

Adjusted earnings were $644 million or $1.67 per share, compared to $813 million or $2.04 per share last year.

On average, 30 analysts polled by Thomson Reuters expected earnings of $1.65 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues and other declined to $3.484 billion from $4.268 billion in the previous year. Analysts expected revenues of $3.64 billion.

Total reported worldwide net daily production of oil, natural gas and natural gas liquids averaged 636,000 barrels of oil equivalent or boe per day, with pro forma production averaging 550,000 boe per day.