Apache Posts Higher Q3 Profit - Quick Facts

(RTTNews) - Apache Corp. (APA), an oil and gas exploration and production company, reported a rise in third-quarter 2013 earnings to $300 million or $0.75 per share, from $161 million or $0.41 per share, in the same period last year.

Excluding certain items that impact the comparability of results, adjusted earnings totaled $932 million or $2.32 per share in the quarter. On average, 31 analysts polled by Thomson Reuters expected earnings per share of $2.15 for the quarter. Analysts' estimates typically exclude one-time items.

Revenues and other for the quarter totaled $4.02 billion, compared with $4.18 billion a year before, whereas 17 analysts estimated revenues of $4.32 billion. During the quarter, Apache's mix of hydrocarbon production included around 46 percent crude oil and 9 percent natural gas liquids or NGLs. Due to the premium prices received for crude oil and NGLs, these products contributed 84 percent of the company's revenue in the period.