3Q Results | APA Message Board Posts


Apache Corporation

  APA website

APA   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message    Post Message    Post a Reply return to message boardtop of board
Msg  375 of 392  at  11/2/2023 10:50:53 AM  by

billmax


 In response to msg 373 by  billmax
view thread

Re: 3Q Results

 Adj EPS of $1.33 beat consensus & BofA on higher oil & gas production lead by strong UK gas production
 
• Momentum in 2024 continues to build noting FY impact from its LNG contract and growth expected in the mid-single digits
 
• APA's rate of change in FCF is intact that we see forcing recognition of value w/Suriname FID expected at YE24
 
We continue to believe rate of change in FcF with the catalysts to drive recognition of value are critical attributes for rel. outperformance within the US oils. In 2024 this starts with a full year of contribution from LNG exports, meaningful for a company of APA’s size. Suriname FID at year end, with the operator suggesting 70% contracted at that time also comes with upside risk to timing and a prospective c/flow contribution that we believe differentiates APA from peers. Expect buybacks to resume now that news flow from Suriname has paused. Our rating is Buy, PO up slightly to $60 ($57 prior) on updated guidance. BofA Global Research 
 


     e-mail to a friend      printer-friendly     add to library      
|  
Recs: 6  
   Views: 0 []
Previous Message  Next Message    Post Message    Post a Reply return to message boardtop of board

Replies
Msg # Subject Author Recs Date Posted
377 Re: 3Q Results certiatori 3 11/2/2023 3:14:24 PM




Financial Market Data provided by
.
Loading...