APA Q3 Earnings Miss Even as Callon Buyout Drives Production
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APA Corporation's Q3 earnings missed expectations despite increased production from the Callon buyout. The company repurchased shares and paid significant dividends.
November 14, 2024 | 2:30 pm
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APA Corporation's Q3 earnings fell short of expectations, even though production increased due to the Callon buyout. The company repurchased 102,305 shares and paid $92 million in dividends.
The earnings miss is likely to negatively impact APA's stock price in the short term, as it suggests the company is not meeting financial expectations. However, the increased production from the Callon buyout and capital returns through share buybacks and dividends may provide some support.
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IMPORTANCE 80
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